🇮🇳 India Daybook: Ahluwalia Contracts Secures Major Order, Saregama India Expands with Bhansali Productions Stake

📍 ORDER WIN

• Ahluwalia Contracts: The company has received a new construction order valued at ₹888.38 Crore from Bihar State Tourism Development Corporation Limited. This order pertains to the construction and overall development work of Shri Ram Janmabhoomi Tirtha Kshetra at Punauradham.

• NBCC: The company secured work orders worth ₹345.04 Crore (excluding GST). This includes a project management consultancy assignment from the Indian Institute of Technology, Mandi, worth ₹333 Crore, and an additional order for annual maintenance work from Kandla SEZ valued at ₹12 Crore.

• BEML: The company received an order from the Ministry of Defence for supplying engines, with an estimated value of ₹110 Crore.

📍 ACQUISITION & STRATEGIC INVESTMENT

• Saregama India: The company is set to acquire a 51% stake in Bhansali Productions in tranches by 2030. As part of the agreement, Bhansali Productions will exclusively sell all future films' music to Saregama.

• Protean eGov Tech: The board approved the acquisition of a 4.95% stake in NSDL Payments Bank for ₹30.2 Crore.

• Mizuho Financial Group: The Japanese financial giant is reportedly seeking to acquire a majority stake in Avendus Capital.

• Mitsubishi UFJ Financial Group (MUFG): MUFG is considering an investment of over 500 billion yen (S$4.2 billion) to purchase approximately 20% of Shriram Finance.

📍 PARTNERSHIPS & EXPANSION

• Glenmark Pharma: An arm of Glenmark Pharma signed a pact with Hansoh Pharma to develop and commercialize Aumolertinib, an inhibitor indicated for treating non-small cell lung cancer.

• HCLTech: The company partnered with NSE Academy to launch a series of joint certificate programs in the technology and finance sectors.

• Kaynes Tech: An arm of Kaynes Tech collaborated with Mitsui & Co and AOI Electronics to enhance semiconductor manufacturing operations in India.

• Reliance Industries (via Reliance Consumer): Reliance Consumer has re-launched the legacy brand "SIL" in the packaged foods segment, marking its comprehensive entry into the food sector.

• TCS: Its arm, ListEngage MidCo LLC, established wholly-owned subsidiaries, TCS North America Corp and Trident LE LLC, in the United States.

📍 CORPORATE ACTIONS

• eClerx Services: December 17, 2025, has been fixed as the record date for the company's ₹300 Crore share buyback, with a price set at ₹4,500 per share.

• Indian Overseas Bank (IOB): The government will sell up to a 3% stake in IOB through an Offer For Sale (OFS), commencing December 17, with a floor price of ₹34 per share.

• Can Fin Homes: The company has declared an interim dividend.

• Krishival Foods Ltd: December 17, 2025, is the record date for its rights issue of equity shares.

• Sylph Technologies Ltd: The company has set December 17, 2025, as the record date for its 5:11 bonus issue.

📍 IPO LISTING

• Park Medi World IPO: The IPO shares of Park Medi World are scheduled to list on the BSE and NSE today, December 17, 2025.

📍 INFRASTRUCTURE & ENERGY

• Waaree Renewable Tech: The company signed a long-term power purchase pact for a 300 MW inter-state transmission system solar power project.

• Acme Solar: An arm of Acme Solar commissioned an additional 8MW capacity out of its 100 MW project.

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