Mankind Pharma Ltd and Innovent Biologics on Thursday announced a partnership to exclusively license and commercialise innovative immunotherapy drug Sintilimab, used in the treatment of cancer, in the Indian market. This strategic collaboration aims to address the critical challenges in cancer treatment and improve patient access to innovative therapeutic options in the region, the companies said in a joint statement.
Adani Enterprises has acquired 26 per cent stake in Gidhmuri Paturia Collieries Private Limited (GPCPL) from Sainik Mining and Allied Services Ltd. Post acquisition, GPCPL has become a wholly owned subsidiary of the company. The purpose of the acquisition is to develop and operate the mines of coals and other mineral. The transaction will be in all-cash,
Gensol Engineering has secured a EPC contract from NTPC Renewable Energy Development of 225MW Grid Connected Solar PV Projects at GSECL Solar Park (Stage-III), Khavda, Gujarat, with a total bid value of ₹897.47 crore (Including GST) with three years of O&M.
The board of SKF India, on basis of the recommendations of the audit committee and the independent directors of the company, has approved a scheme of arrangement that provides demerger of the company’s industrial business into SKF Industrial.
Jubilant Food Ltd (JFL) on Thursday said it has signed an MoU with Coca-Cola company to buy sparkling drinks and other products from the beverages major. Besides, JFL will also conduct marketing activities for “sparkling beverage products and certain other products” of Coca-Cola, the company said in a regulatory filing. This is a major shift after its parent entity Jubilant Bhartia Group earlier this month announced the acquisition of 40 per cent stake in the Hindustan Coca-Cola Beverages, the bottling arm of Coca-Cola in India.
Choice International has received an in-principle approval from the Securities and Exchange Board of India for sponsoring/setting up of mutual fund. Accordingly, the company would be setting up an Asset Management Company and the Trustee Company in accordance with applicable “SEBI” Regulations and other applicable laws.
Private sector lender IndusInd Bank has put on block over 10 lakh microfinance loans with principal outstanding of Rs. 1,573 crore, according to an auction notice .The reserve price for the loans has been set at Rs. 85 crore and interested buyers must file an earnest money deposit of 5 per cent of the reserve price. “Interested Parties who would like to participate in the auction are requested to intimate their willingness to participate by submitting, in writing, their Expression of Interest (EOI)…latest by 11 AM December 30, 2024…,” the notice said.
Peak XV Partners on Thursday divested 1.5 per cent stake in fintech company One MobiKwik Systems for Rs 82 crore through an open market transaction.Peak XV Partners (formerly Sequoia India & Southeast Asia) through its arm — Peak XV Partners Investment Holdings III — offloaded 12.01 lakh shares, or 1.55 per cent, stake in One MobiKwik Systems through a bulk deal on the N SE at an average price of ₹679.38, taking the deal value to ₹81.63 crore. Details of buyers of MobiKwik’s shares could not be ascertained on the exchange.
Lemon Tree Hotels announced its latest signing —Lemon Tree Hotel, Bapane, Maharashtra.The property will be managed by Carnation Hotels Private Ltd, a wholly owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2026. The hotel will feature 76 well-appointed rooms, a restaurant, a meeting room, a swimming pool, a spa and other public areas.
Power Mech Projects has secured a ₹186 crore (excluding GST) order from Jaiprakash Power Ventures Limited (JPVL). The order entails providing Field Operation and Maintenance services for the 2 x 660MW Jaypee Nigrie Super Thermal Power Plant located in Nigrie, Madhya Pradesh, over a five-year period starting from January 1, 2025, to December 31, 2029. The contract value/ month for the first year would be ₹3.10 crore and thereafter, a monthly price escalation, based on the Wholesale Price Index (WPI), shall be applicable for the remaining period of 48 months from 01.01.2026 to 31.12.2029
Axis Solution, merged into Asya Infosoft, has received an order for manufacturing of E-House from Apstechs Infratak Pvt Ltd/Apstechs UK Ltd for about ₹3.53 crore.
