Reliance Retail Ventures Limited (RRVL) 

The company has acquired an 89% equity stake in Purple Panda Fashions Private Limited, which owns and operates intimate wear brand Clovia. RRVL made an investment of Rs 950 crore in the company through a combination of secondary stake purchase and primary investment.

Indiabulls Housing Finance 

The company has allotted over 30 lakh shares at Rs 234.05 apiece to the holders of foreign currency convertible bonds (FCCBs) worth USD 10 million.

Cerebra Integrated Technologies 

The company has executed a Share Transfer Agreement with a potential purchaser from Dubai for transfer of its entire shareholding of 86.5% in subsidiary Cerebra Middle East FZCO, Dubai. The company would like to focus on E-waste management now being the core business of the company. Cerebra will plan expansion in the said area.

Larsen & Toubro (L&T) 

The company’s very own Leadership Development Academy (LDA) at Lonavla has earned the prestigious platinum rating for Green Campus from the Indian Green Building Council (IGBC).

KEI Industries

Smallcap World Fund, Inc acquired 6.4 lakh equity shares in the company via open market transactions on March 16. With this, its shareholding in the company stands at 5.02%, up from 4.31% earlier.

Bharat Petroleum Corporation (BPCL) 

The company has partnered with UltraCash Technologies to offer a voice-based digital payment facility for BharatGas consumers for booking their LPG cylinders.

Granules India

The company also received licences from Medicines Patent Pool (MPP) to manufacture and market generic versions of Pfizer’s oral treatment nirmatrelvir. This drug will be co-packaged with ritonavir for the treatment of COVID-19. The licenses are applicable for both active pharmaceutical ingredients (API) and finished products, in tablet form, of nirmatrelvir; ritonavir.

Bajaj Finance

The company’s fully owned subsidiary – Bajaj Housing Finance has surpassed Rs. 50,000 crore worth of assets under management.

Gujarat Industries Power Company 

The company has stopped power generation from its 145 MW combined cycle power plant, gas-based station-I at Vadodara, due to the increasing price of natural gas after the beginning of the Ukraine-Russia war. This plant uses natural gas as its fuel for the generation of power. The company may resume operations once the gas prices are back to normal levels.

Cochin Shipyard 

The company has signed an agreement with the Dredging Corporation of India (DCI) to build India’s largest Dredger in collaboration with IHC Holland. The Contract for the project is pointed as a major step under the Atmanirbhar Bharat initiative.

NBCC (India) 

The company has received a work order from the Administration of Union Territory of Ladakh, for providing comprehensive, design, engineering and project management consultant (PMC) services for various works. The estimated cost of the project is Rs 500 crore.

Oil India

The company has received approval from its board for investment by its subsidiary Company – Numaligarh Refinery for implementation of the Petrochemical project (i.e Polypropylene Unit (PPU) & its associated facilities at Numaligarh at an estimated capital cost of Rs. 6,555 crore.


The board has approved the sale of the entire shareholding in subsidiary EIH Flight Services, Mauritius for MUR 325 million (Rs 55.2 crore).


Subsidiary HDFC Capital Advisors Limited (HCAL) has entered into a share subscription agreement for the acquisition of 3,90,666 equity shares of Loyalie IT-Solutions.