🇮🇳 India Daybook: Suzlon Energy Bags Major Wind Order, Groww Eyes ₹1,914 Cr Block Deal

📍 ORDER WIN

• Suzlon Energy: The renewable energy giant has secured a major new order for wind power projects. This win further strengthens the company's order book following its recent turnaround in the green energy space.
• Refex Industries: The company announced winning two significant contracts for the handling and disposal of fly ash, marking a boost for its environmental services segment.
• Titagarh Rail Systems: In focus after bagging a ₹1,598.55 crore rolling stock order for Mumbai Metro Line 6, acting as a specialized subcontractor.

📍 BLOCK DEAL

• Groww (Billionbrains Garage Ventures): Existing investor Ribbit Capital is expected to sell a 1.6% stake in the online investment platform via a block deal today. The transaction is valued at approximately ₹1,914 crore, with a floor price set at ₹195 per share.

📍 USFDA UPDATE

• Cipla: The pharmaceutical major received seven inspectional observations (Form 483) from the USFDA following a cGMP inspection at its Pithampur manufacturing facility in Madhya Pradesh.
• Jubilant Pharmova: Received USFDA approval for commercial batch manufacturing on a new isolator-based fill and finish line (Line 3) at its Spokane facility.
• Aurobindo Pharma: Its subsidiary, Eugia Pharma, has received a warning letter from the USFDA regarding its Telangana formulation facility, which may impact future product approvals from that site.

📍 REGULATORY

• Axis Bank: SEBI has disposed of all proceedings against the bank and its subsidiaries, Axis Securities and Axis Capital, without any penalty or directions, resolving a show cause notice from 2024.

📍 ACQUISITION

• Gabriel India: The company has successfully completed the acquisition of a 30% stake in HL Klemove, expanding its footprint in the automotive technology sector.

📍 STOCK SPLIT & DIVIDEND

• Waterways Leisure Tourism (Cordelia Cruises): Today marks the record date for the company's 1:10 stock split. The shares began trading on an ex-split basis yesterday due to the settlement holiday.
• NBCC / Paras Defence: Among 67 stocks turning ex-record date this week for various corporate actions including dividends and bonus issues.

📍 BOARD MEETING

• Prashant India: Board meeting scheduled for today to discuss key corporate matters.
• Tinna Rubber and Infrastructure: The company is hosting an investor meet today to discuss its growth strategy and financial performance.

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