
My Wealth Train
June 10, 2025 at 05:43 PM
EVENING BULLETIN 🚦
📅 *Date: 10-June-2025*
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📍 *NEW PROJECTS / EXPANSIONS*
*AAYUSH WELLNESS*: To set up wholly owned subsidiary in Singapore for ASEAN expansion; initial investment SGD 10,000.
*JUPITER WAGONS*: Jupiter Electric Mobility opens 1st e-LCV showroom in Bengaluru; launches 1.05-ton JEM TEZ, begins pan-India rollout. Pithampur plant operational; ties with Porter, Pulse Energy for EV ecosystem.
*TATA POWER*: TP Solar crosses 4 GW solar module milestone at Tamil Nadu unit; targets 3.7 GW cell & 3.725 GW module output in FY26.
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📍 *STAKE CHANGES / SHARE TRANSACTIONS*
*APOLLO PIPES*: Raises stake in Kisan Mouldings from 57.59% to 58.60% via ₹4.95 Cr secondary equity purchase.
*NYKAA*: Hikes stake in Earth Rhythm to 75.83% with ₹5 Cr second tranche on June 9; strengthens clean beauty portfolio.
*MAHINDRA*: Raises stake in MMFSL to 52.49% via ₹1,652 Cr rights issue allotment at ₹194/share.
*WIPRO*: Azim Premji Trust sells 20.23 Cr shares worth ₹5,057 Cr via block deal. Buyers: Hasham & Prazim Traders (Premji family arms).
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📍 *FUNDRAISING / QIP*
*CAPRI GLOBAL*: Launches QIP at ₹153.93 floor price; plans to raise up to ₹2,000 Cr incl. ₹500 Cr upsize option. Indicative price ₹146.5/share.
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📍 *REGULATORY / LEGAL / TAX*
*NUVOCO VISTAS*: Gets ₹16.66 Cr entry tax demand from Chhattisgarh for FY03–06; to challenge as arbitrary & outdated.
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📍 *M\&A / STRUCTURAL CHANGES*
*WPIL*: Completes 55% acquisition of South Africa’s PCI Africa via WPIL SA; expands in African water infra market.
*ANTONY WASTE*: NCLT approves merger of 100% subsidiary AG Enviro; no share dilution, structure simplification.
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📍 *LEADERSHIP CHANGES*
*OBEROI REALTY*: CEO – Commercial Real Estate resigns effective June 9.
*ACME SOLAR*: Group CHRO Ravi Parmeshwar resigns; Gopalji Mehrotra appointed effective June 9.
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📍 *BANKING / LICENSING*
*JANA SMALL FINANCE BANK*: Applies to RBI for universal bank license on June 9, 2025; aligns with RBI guidelines.
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📍 *BOARD MEETINGS / CORPORATE ACTIONS*
*ORCHID PHARMA*: Sets June 19 record date for shareholder vote on Dhanuka Labs merger; vote scheduled June 26.
*QUESS CORP*: Demerged units Digitide & Bluspring to list on June 11; part of strategic restructuring.
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📍 *DEFENCE / GOVERNMENT ORDERS*
*BEL & BDL*: Indian Army to receive ₹30,000 Cr QRSAM air defence missile systems under revised acquisition plan.
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📍 *STAY UPDATED 🚦