Cipla, Samvardhana Motherson, Sun Pharma, Hul, Kec International, Pennar Industries, etc.

Cipla |

Samvardhana Motherson International | The SAMIL subsidiary has reached an agreement to acquire 100% of the capital of SAS Autosystem technik GmbH, one of the world’s leading cockpit module integrators with an extensive portfolio of electric vehicles and an enterprise value of 540 million euros. The transaction will be financed by a combination of debt and internal charges and is expected to close by the second quarter of next fiscal year.

Sun Pharma | Acquire up to 26.09% stake in Agatsa Software for Rs 30 crore in two tranches. Agatsa Software is an early-stage digital diagnostic device company. The first tranche of this acquisition is expected to be finalized this month while the second will be finalized by August this year. Additionally, it will also acquire up to 27.39% stake in Remidio Innovative Solutions for Rs 149.9 crore. Remidio provides products for the early detection of eye diseases. This transaction should be finalized this month.

Hindustan Unilever | The company has signed agreements for the sale of its atta and salt activities carried out under the Annapurna and Captain Cook brands. Trademarks are sold to Uma Global Foods Pte Ltd. and Uma Consumer Products Pvt. Ltd., which are subsidiaries of Reactivate Brands International, a Singapore-based company. HUL will receive Rs 60.4 crore from this transaction which is expected to close within the next 90 days. The decision is in line with HUL’s intention to leave non-essential categories.

KEC International | Wins new orders worth Rs 3,023 crore, including its largest order till date of Rs 2,060 crore. The orders cover civil, transmission and distribution, and cable businesses. Year-to-date order intake stands at a record high of Rs 18,500 crore, a growth of 30% over last year.

Dilip Buildcon | Obtains Letter of Acceptance (LoA) from Madhya Pradesh Jal Nigam Maryadit, Bhopal for EPC project worth Rs 1,947.06 crore. The project is expected to be completed within the next 24 months. The project includes testing, operation and maintenance of the entire water supply system of Rewa Bansagar MVS for 10 years.

CRISIS | December quarter revenue rose 16% year-on-year to Rs 822 crore while profit before tax (PBT) rose 15% year-on-year. The company will also acquire Australian research and consultancy firm Peter Lee for AUD 6.15 million. The transaction is expected to be completed within the next three months and will be done through its wholly owned subsidiary CRISIL Irevna Australia Pty. ltd.

RITES | Obtains new EPC work order worth Rs 76.08 crore for provision of EI-based automatic signaling with continuous track circuit and other associated works along with appropriate interior modifications in en-route electronic locking in the Dhaulpur-Gwalior section of the Jhansi division of the North Central Railway.

Electrical network | Declared as the successful bidder in a competitive, tariff-based tender to establish an interstate transmission system for five Build, Own Operate, and Transfer (BOOT) based projects. The company has also received the Letter of Intent for the same.

Pennar Industries | Bag orders worth Rs 851 crore across various business sectors. The value of the order is above the company’s free float market cap of Rs 616 crore. Orders must be executed within the next two quarters. Prominent names on the list of companies placing the orders include Reliance Industries, Ashok Leyland, Thermax, IFB Automotive, Hindalco, Tata Power, L&T among others.

Max Ventures | Property arm Max Estates is entering the residential market in Gurugram through a joint development agreement, with a development potential of 2.4 million sq ft and a gross development value of over Rs 3,200 crore. The plot of land measures nearly 11.8 acres and is located in Sector 36A, Gurugram with direct access from the Dwarka Highway. (Photo for representation purposes only)