Page 25 - Company News
Centre to sell up to 6% stake in Bank of Maharashtra via OFS for ₹2,500 cr
The Centre plans to offload up to 6% in Bank of Maharashtra through an OFS, including a 1% green-shoe option, potentially raising around Rs 2,500 crore and reducing government holding below 75%
 "Centre to sell up to 6% stake in Bank of Maharashtra via OFS for ₹2,500 cr")
Sun Pharma launches blockbuster plaque psoriasis drug Ilumya in India
Ilumya, a novel biologic treatment that selectively inhibits IL-23, has already established itself as a blockbuster drug internationally, with presence across 35 countries, including the US
 "Sun Pharma launches blockbuster plaque psoriasis drug Ilumya in India")
Anil Ambani moves SC against SBI classification of his account as fraud
The SBI had last year classified the accounts as fraud, alleging misappropriation of funds by entering into transactions that violated the terms of loans extended by it
 "Anil Ambani moves SC against SBI classification of his account as fraud")
Tilaknagar Industries completes ₹3,442 crore Imperial Blue acquisition
Fair trade regulator Competition Commission of India (CCI) had already approved this transaction on October 7, 2025
 "Tilaknagar Industries completes ₹3,442 crore Imperial Blue acquisition")
Raymond Realty launches ultra-luxury BKC project, targets ₹2K cr revenue
The development features six towers with 23 habitable floors and four basements, and incorporates IGBC-aligned sustainability features
 "Raymond Realty launches ultra-luxury BKC project, targets ₹2K cr revenue")
Meesho plans to set aside ₹480 cr from IPO proceeds to pay AI, tech staff
E-commerce company Meesho plans to use Rs 480 crore from the public offer proceeds towards payment of salaries of AI and technology teams, according to draft IPO papers.
 "Meesho plans to set aside ₹480 cr from IPO proceeds to pay AI, tech staff")
HUL names Vandana Suri executive director for home care from 1 January
Hindustan Unilever has named Vandana Suri to its management committee as executive director for home care, succeeding Srinandan Sundaram, who will become CEO of Unilever International from 1 January
 "HUL names Vandana Suri executive director for home care from 1 January")
Apple trying to block probe, CCI tells Delhi HC in global turnover dispute
The Delhi High Court issued notices to the CCI and the Centre to respond to Apple's plea challenging rules that allow penalties on a company's global turnover
 "Apple trying to block probe, CCI tells Delhi HC in global turnover dispute")
Tata Realty takes ₹1,280 crore loan from DBS Bank for Gurugram project
DBS Bank India acted as the sole advisor and green loan coordinator for this transaction
 "Tata Realty takes ₹1,280 crore loan from DBS Bank for Gurugram project")
Piramal Finance to raise $1.67 bn locally by March to expand lending
The company aims to raise RS 300 billion in the current financial year, about half of which has been borrowed already, said chief executive officer and managing director Jairam Sridharan
 "Piramal Finance to raise $1.67 bn locally by March to expand lending")
Hyundai sales rise 9% to 66,840 units in November on strong demand
In the domestic market, the automaker sold 50,340 units, as compared with 48,246 units in November 2024, registering a growth of 4 per cent
 "Hyundai sales rise 9% to 66,840 units in November on strong demand")
AU Small Finance Bank ropes in Ranbir, Rashmika as brand ambassadors
The partnership strengthens AU SFB's effort to build a preferred national banking brand with strong consideration across urban, metro, and deeper Bharat markets, the bank said in a statement on Monday
 "AU Small Finance Bank ropes in Ranbir, Rashmika as brand ambassadors")
FinMin does not advise LIC; its Adani investments as per SOPs: Sitharaman
India's largest insurer has, over the years, made investment decisions across companies based on fundamentals and detailed due diligence
 "FinMin does not advise LIC; its Adani investments as per SOPs: Sitharaman")
Godrej Properties highest bidder for five-acre land parcel in Hyderabad
To develop premium residential project, eyeing ₹4,150 cr in revenue
 "Godrej Properties highest bidder for five-acre land parcel in Hyderabad")
Lupin gets US FDA nod for its first biosimilar drug Pegfilgrastim
The product, a biosimilar to Amgen's popular drug Neulasta, will be manufactured at Lupin's biotech facility in Pune
 "Lupin gets US FDA nod for its first biosimilar drug Pegfilgrastim")
Ola Electric launches pan-India in-app service feature under 'Hyperservice'
The new feature strengthens the company's commitment to delivering a transparent, convenient, and customer-first service experience
 "Ola Electric launches pan-India in-app service feature under 'Hyperservice'")
Bajaj Auto domestic two-wheeler sales dip 1% at 202,510 units in November
The company reported a 8 per cent year-on-year growth in total vehicle wholesales, including exports, at 453,273 units in November
 "Bajaj Auto domestic two-wheeler sales dip 1% at 202,510 units in November")
Maruti Suzuki completes merger with SMG, authorised capital up ₹15,000 cr
The Appointed Date under the scheme is April 1, 2025 and as such, the amalgamation of SMG into and with MSI has been completed, it added
 "Maruti Suzuki completes merger with SMG, authorised capital up ₹15,000 cr")
Godrej Properties buys land in Hyderabad for ₹4,150 cr housing project
The company has sold properties worth ₹2,600 crore this calendar year in these two projects in Hyderabad
Hyundai, Tata want govt to scrap emission concessions benefitting Suzuki
Tata, Mahindra & Mahindra, JSW MG Motor and Hyundai are concerned that a weight-based relief risks hurting India's EV goals
 "Hyundai, Tata want govt to scrap emission concessions benefitting Suzuki")
