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๐Ÿ‡ฎ๐Ÿ‡ณ India Daybook: Rama Steel Tubes Expands Globally, Astra Microwave Bags IMD Order

Published: 2025-12-12 07:15 IST | Category: Markets | Author: Abhi

๐Ÿ‡ฎ๐Ÿ‡ณ India Daybook: Rama Steel Tubes Expands Globally, Astra Microwave Bags IMD Order

๐Ÿ“ ACQUISITIONS & DIVESTMENTS

  • Rama Steel Tubes: The company announced the joint acquisition of UAE-based engineering and industrial services conglomerate, Automech Group Holding Limited, for AED 296 million (approximately โ‚น728 Crore). This decision was approved by the company's board on December 11, 2025.
  • Kansai Nerolac Paints: The board approved the sale of its entire 60% stake in its Sri Lankan arm, Kansai Paints Lanka (Private) Ltd., to Atire (Private) Limited, a Sri Lanka-based entity.
  • Tata Power: Received a Letter of Intent (LOI) from REC Power Development and Consultancy Ltd for the acquisition of Jejuri Hinjewadi Power Transmission Ltd, a project-specific vehicle (SPV).
  • Vedanta: The company has been declared the successful bidder for the Genjana nickel, chromium, and PGE (Platinum Group Elements) block under Critical Mineral Auctions Tranche III.

๐Ÿ“ ORDER WINS

  • Astra Microwave: Secured a new work order valued at โ‚น171.38 Crore from the India Meteorological Department (IMD). The order is for the supply of six Klystron-based S-band polarimetric Doppler weather radars.
  • NBCC (India): The company secured two project management consultancy orders. One order, worth โ‚น255.50 crore, is from NALCO, and another, valued at โ‚น33.89 crore, is from SAIL Bokaro.

๐Ÿ“ REGULATORY UPDATES

  • Piramal Pharma: The US Food and Drug Administration (US FDA) issued a Form 483 with four observations following a Good Manufacturing Practices (GMP) inspection at the company's Lexington, Kentucky, facility, conducted between December 3 and December 10, 2025.
  • GAIL: Disclosed receipt of a GST demand order of โ‚น143.08 Crore, including penalties, from the additional commissioner, CGST, Delhi South Commissionerate.

๐Ÿ“ CORPORATE ACTIONS

  • Bharat Rasayan: December 12, 2025, marks the ex-date for its 1:1 bonus issue and stock split (face value from Rs 10 to Rs 5). To be eligible, investors needed to purchase shares by December 11, 2025.
  • NACL Industries: December 12, 2025, is the record date for its rights issue, where eligible shareholders will receive 5 rights shares for every 31 shares held at a price of โ‚น76.70 per share. The total issue size is approximately โ‚น249.29 crore.
  • Mrs. Bectors Food Specialities Ltd: The company has set December 12, 2025, as the record date for its upcoming stock split.
  • VLS Finance: The buyback ex-date is December 12, 2025.
  • Gujarat Natural Resources Limited: The Board of Directors is scheduled to meet on December 12, 2025, to consider a proposal for altering the company's share capital structure, specifically a stock split.

๐Ÿ“ BUSINESS DEVELOPMENTS

  • Jindal Steel Ltd: The company announced an increase in its heat treatment capacity to 60,000 tonnes per month, positioning it as the largest player in this segment in India.
  • Infosys: Completed its share buyback program, resulting in the extinguishment of 10 crore equity shares through the tender offer.

๐Ÿ“ FINANCIAL RESULTS

  • Excelsoft Technologies Ltd: The Board of Directors will convene on December 12, 2025, to consider and approve the unaudited standalone and consolidated financial results for the September quarter and half-year ended September 30, 2025.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News

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