Rail Vikas Nigam, Macrotech Developers and Dr. Reddy's Laboratories to see some action today

Rail Vikas Nigam (RVNL) has emerged as the Lowest Bidder (L1) from Maharashtra Metro Rail Corporation (Nagpur Metro) for Construction of 6 Nos Elevated Metro Stations (Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club and Kanhan River Metro Station) between Ch. – 7576.78mm to Ch - 13457.76m in Reach 2B of NMRP Phase 2. The project cost is Rs 187.34 crore. 

Macrotech Developers through its wholly owned subsidiary has acquired remaining 50% stake of Siddhivinayak Realties (SRPL) under a Share Purchase Agreement (SPA). SRPL has rights in various lands, including to develop free sale portion of SRA project in Mumbai city. With acquisition of remaining 50% stake in SRPL on a fully diluted basis, SRPL has become a Wholly Owned Subsidiary.

Dr. Reddy's Laboratories has made an investment of Rs 650 crore in Aurigene Oncology (AOL) and AOL has allotted 9,70,14,896 equity shares of Rs 10 each at a premium of Rs 57 to the company on May 23, 2024. The fund infused by the company into AOL will be further invested in Aurigene Pharmaceutical Services (APSL), a wholly-owned subsidiary of AOL and step down wholly owned subsidiary of the company, to support the capex and working capital requirements of APSL.

Genus Power Infrastructures has incorporated two wholly-owned subsidiaries (WOS), namely ‘Genus Beta Smart Metering’ and ‘Genus Delta Smart Metering’, on May 21, 2024. The said wholly-owned subsidiaries have been incorporated for execution of Advanced Metering Infrastructure Service Provider (AMISP) Contract. 

Arihant Capital Markets has received approval for acquiring the whole or substantially the whole of the business of the entity i.e. Get Prosper Capital. Get Prosper is engaged in the business of being brokers, sub-brokers, dealers or intermediaries of any and all kinds of shares, scrips, stocks, securities, Commodity, commodity derivatives, currency derivatives, interest rate derivatives, stock futures, units of mutual funds and trusts, debentures, bonds, debenture stocks, derivatives and other forms of financial instruments. 

Amber Enterprises India has acquired an additional 20.22% Equity Stake in Ever Electronics (EVER), from existing shareholder of EVER i.e. Mr. Hyun Chul Sim, on May 24, 2024. Consequent to the aforesaid acquisition, the shareholding of the Amber in EVER stands increased from 70% to 90.22%. Cost of acquisition is Rs 68.63 crore. The acquisition is of strategic nature for increase in equity stake of the Company in EVER.

IRIS Business Services has entered into an agreement with Tata Consultancy Services (TCS), Netherlands BV to jointly facilitate a global sustainability Standard-Setting Organization in creating digital ESG taxonomies and in delivering associated reporting software components for a ESG data collection platform.