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Dr Reddy’s Labs: The company’s Switzerland subsidiary will acquire NorthStar Switzerland and related portfolios from Haleon for an upfront cash consideration of 458 million pounds. It will pay an additional performance-based contingent of 42 million pounds in 2025 and 2026.
Telecom Stocks: Bharti Airtel acquired the 97 MHz spectrum in the 900 MHz, 1,800 MHz and 2,100 MHz frequency bands for Rs 6,857 crore over a period of 20 years. Reliance Jio bought
14.4 MHz of spectrum worth Rs 974 crore and Vodafone Idea bagged 30 MHz of spectrum worth Rs 3,510 crore.
JSW Energy: Unit JSW Neo Energy signed a power purchase agreement through its subsidiaries for 1,325 megawatts of renewable energy projects likely to be commissioned in the next 21-24 months.
ITD Cementation: The company secured a new marine contract worth Rs 1,082 crore for constructing the Third Berth (Jetty) and specified additional works in Gujarat.
KEC International: The company received a new order worth Rs 1,025 crore for its transmission and cable business.
Ramky Infrastructure: The company received two contracts worth Rs 107 crore and Rs 23 crore from PowerGrid Energy Services.
Navin Fluorine: The board will meet on June 29 to discuss the Rs 750 crore fundraise.
Patanjali Foods: Baba Ramdev and Acharya Balkrishna received notice from Kozhikode Court over advertisements relating to ayurvedic medicines from Divya Pharmacy. Ramdev and Balkrishna have been asked to appear in person or through counsel before the court on July 6.
PI Industries: The company announced an offer to acquire Plant Health Care Plc for a purchase consideration of about 32.8 million pounds, proposed to be paid in cash and funded via QIP proceeds. The consummation of the proposed acquisition, subject to UK regulations, is expected to be completed by the second quarter of FY25.
Sona BLW Precision Forgings: The company received certification for traction motors for electric two-wheelers under the PLI Scheme for the automobile and auto component industry in India from the government.
PTC India Finance: The board appointed R. Balaji as MD and CEO following RBI approval.
RVNL: The company’s JV with KRDCL received a letter of acceptance from Southern Railway for automatic signalling work in the Ernakulam-Trivandrum division in Kerala.
SJVN: SJVN Green Energy signed an agreement with AM Green Ammonia India for cooperation on the supply and sourcing of renewable energy for green ammonia plants.
Tata Communication: The company transferred its identified new edged digital services business to unit Novamesh effective April 1.
