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Vedanta Ltd has emerged as the top bidder for debt-ridden Jaiprakash Associates, edging out Adani with a Rs12,505 crore offer. If the resolution plan is approved, Vedanta will secure a 24% stake in Jaiprakash Power Ventures Ltd and may pursue further stake acquisition, setting the stage for what market watchers describe as a potentially hostile takeover. Anil Agarwal’s metals-to-mining conglomerate is clearly positioning itself for full control of the profit-making power arm.
Amber Enterprises is in the spotlight after its electronics division, LJIN Electronics India Pvt Ltd, secured Rs1,200 crore in strategic funding. The investment comes via definitive agreements with ChrysCapital and InCred Growth Partners, with ChrysCapital contributing Rs1,100 crore and InCred Rs100 crore through a mix of equity and convertible preference shares. The deal is subject to regulatory approvals and marks a significant boost to Amber’s growth trajectory.
BHEL has entered the hydrogen transportation space through a long-term exclusive MoU with Singapore-based Horizon Fuel Cell Technologies. The partnership will focus on hydrogen fuel cell-based rolling stock, signaling BHEL’s intent to diversify into clean mobility solutions.
Kaynes Technology has made a strategic leap by integrating the core team behind Mustard Smartglasses, a pioneer in AI-powered wearable tech. The move strengthens Kaynes’ position in advanced design and ODM/OEM partnerships for both consumer and enterprise markets.
Ceigall India Ltd has received Letters of Intent from MSEDCL for solar power procurement totaling 337 MW under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. The projects will be spread across multiple locations in Maharashtra and were awarded through tariff-based competitive bidding.
Max Estates Ltd has secured development rights for a prime 7.25-acre land parcel on Gurugram’s Golf Course Extension Road. With a development potential of 1.3 million sq. ft. and an outlay of Rs534 crore, the project is expected to generate over Rs3,000 crore in booking value, reinforcing Max Estates’ position in the luxury residential segment.
Brigade Enterprises Ltd has executed a Joint Development Agreement for a 10.75-acre residential project in East Bengaluru. The project has a saleable area potential of 2.5 million sq. ft. and an estimated gross development value of Rs2,500 crore.
Pharmaids Pharmaceuticals Ltd has completed the sale of industrial properties in Tumkur, Karnataka, generating Rs19.56 crore in proceeds.
Imagicaaworld Entertainment Ltd has acquired a 6.65 MW solar power plant from Giriraj Enterprises for Rs16 crore via a slump sale. The transaction, approved by shareholders in March, marks Imagicaaworld’s entry into renewable energy assets.
Colab Platforms Ltd has signed a non-binding term sheet to acquire a 51% stake in Indiaoneonline, a fast-growing digital platforms and tech services company. The acquisition will combine IndiaOne’s product-led expertise with Colab’s capital strength and market access.
Patel Chem Specialities Ltd has received environmental clearance for its proposed expansion project at the Indrad Plant in Mehsana, Gujarat, paving the way for future growth.
Aegis Logistics has announced a Rs99.88 crore capacity addition at its Pirpau facility in Mumbai Port. The move is aimed at meeting rising demand and easing pressure on existing liquid storage infrastructure.
SAR Televenture Ltd has signed a Share Purchase Agreement with L&T Finance to acquire a 19.93% stake in Tikona Infinite for Rs149.50 crore. The deal includes Rs30 crore upfront and the remainder via share swap, consolidating SAR’s position in the broadband and digital infrastructure space.
