Mumbai-based UGRO Capital, a leading MSME-focused NBFC, has launched a ₹400-crore rights issue, pricing shares at ₹162 each. The move follows the company’s ₹915-crore preferential issue of compulsorily convertible debentures (CCDs), aimed at expanding its loan book and strengthening its digital-led lending platform. Key Details of the Rights Issue Strategic Growth & Investor Participation The…

Quickroutes International Pvt., a public shareholder in Zinka Logistics Solutions Ltd., is set to sell its entire 9% stake in the company through a block deal, aiming to raise approximately ₹647 crore. Transaction Details & Market Impact Zinka Logistics, a leading digital platform for truck operators, has seen strong financial performance, swinging to a profit…

Global investment firm KKR has announced a $600 million financing deal with Manipal Group, marking its largest credit investment in India. The funding will support Manipal Group’s growth objectives across its healthcare, education, and insurance sectors. Strategic Investment & Expansion Plans The financing, arranged by KKR Capital Markets, will provide structured capital to help Manipal…

Vietnam-based electric vehicle manufacturer VinFast has hit a regulatory hurdle as its $2 billion (₹16,000 crore) investment in Tamil Nadu does not qualify for benefits under India’s newly announced Scheme to Promote Manufacturing of Electric Passenger Cars. Why VinFast’s Investment Is Ineligible Government officials clarified that the scheme mandates investments must be capitalized after approval,…

Ahmedabad-based Torrent Power Ltd. (TPL) has signed a long-term sales and purchase agreement (SPA) with BP Singapore Pte Ltd, securing the supply of up to 0.41 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from 2027 to 2036. Strategic Move for Energy Security The LNG procured under this agreement will be strategically utilized…

Investors looking to benefit from Coforge Ltd.’s 1:5 stock split must purchase shares by June 3, 2025, as the stock will begin trading on an ex-split basis from June 4, 2025. Stock Split Details & Eligibility Coforge has announced its first-ever stock split, where each existing equity share with a face value of ₹10 will…

Leading highway developer IRB Infrastructure Developers Ltd. has set an ambitious target to expand its asset base to Rs 1.4 lakh crore over the next three years, leveraging its BEST strategy and recent asset transfers. Strategic Growth Plan IRB is implementing its BEST policy, which involves: The company recently transferred three build–operate–transfer (BOT) highway assets…

Leading commercial vehicle manufacturer Ashok Leyland has recorded a 5% year-on-year increase in total vehicle sales, reaching 15,484 units in May 2025, compared to 14,682 units in the same month last year. Segment-Wise Performance Domestic & Export Market Trends Market Outlook & Future Plans Ashok Leyland continues to strengthen its position in the commercial vehicle…

State-owned Coal India Ltd (CIL) has reported a 1.3% year-on-year decline in coal production for May 2025, with output totaling 63.5 million tonnes (MT), compared to 64.4 MT in the same month last year. Production & Offtake Trends Despite the slight dip in production, coal offtake remained steady at 64.0 MT, marking a modest increase…