Category: Corporate

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Corporate

Adani Enterprises’ ₹25,000 cr rights issue exceeds expectations

Adani Enterprises Limited (AEL) has successfully completed its ₹25,000 crore rights issue, which closed on December 10, 2025, achieving 108 percent overall subscription. The oversubscription underscores strong investor confidence in the company’s strategic initiatives and financial positioning.

Under the rights issue, eligible shareholders were offered new equity at ₹1,800 per share, with an entitlement of three new shares for every 25 shares held. Payment for the subscription was structured in three tranches, with the initial installment collected at the time of application and subsequent payments scheduled in January and March 2026.

The public portion of the issue was oversubscribed by approximately 130 percent, reflecting robust participation from retail and institutional investors. The promoter group, holding approximately 74 percent stake, fully subscribed to its entitlement, demonstrating strong internal support for the capital raise.

Proceeds from the rights issue are earmarked for debt reduction, repayment of shareholder loans, and capital expenditure across key business segments, including energy, infrastructure, airports, data centers, green hydrogen initiatives, and metals manufacturing. The capital infusion will enhance financial flexibility, reduce leverage, and support the company’s long-term growth strategy.

Adani Enterprises’ share price recorded a marginal decline on the closing day of the rights issue, reflecting market adjustments following the capital raise.

This successful rights issue represents one of the largest capital-raising exercises in the Indian market in 2025 and reaffirms investor confidence in Adani Enterprises’ diversified business model. The company remains committed to leveraging the strengthened balance sheet to execute its strategic priorities, drive sustainable growth, and enhance shareholder value.

Adani Enterprises continues to focus on delivering long-term value to all stakeholders while advancing projects that contribute to India’s infrastructure and energy landscape.

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Vi Business rolls out smart gas metering for CGD companies

Vi Business, the enterprise division of Vodafone Idea, has launched smart gas meters for City Gas Distribution (CGD) companies. The new solution uses digital technology to help gas companies manage usage more efficiently and reduce losses.

The meters are powered by Narrowband IoT (NB-IoT), a technology that allows them to send data reliably, even from hard-to-reach areas. This means gas companies can now track usage in real-time, quickly detect leaks or theft, and ensure accurate billing. It also reduces the errors that happen with manual meter readings.

‘Lost and Unaccounted Gas’ (LUAG) is a major problem in the gas industry. It happens when gas is lost due to leaks, theft, or incorrect readings. Smart meters can help fix this problem by giving accurate information instantly.

The CGD sector in India is growing fast and is expected to use nearly one-third of the country’s total natural gas in the next few years, according to the Petroleum and Natural Gas Regulatory Board (PNGRB). As the industry grows, digital tools like smart meters are becoming essential to make operations smoother and more reliable.

Arvind Nevatia, Chief Enterprise Business Officer at Vi Business, said, “Smart gas meters are changing the way utilities operate. Our solution helps gas companies save costs, reduce losses, and make billing more accurate for consumers.”

The new smart meters are part of Vi Business’s larger effort to bring digital solutions to India’s energy sector. They are designed to grow with the company’s needs, making it easy for gas operators to upgrade their systems in the future.

With these meters, CGD companies can improve safety, reliability, and customer trust. By combining technology with practical insights, Vi Business aims to support India’s gas sector as it becomes more digital and efficient.

Also Read: Fed cuts rates again, benchmarks at three‑year low

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Sensex advances 100 points, Nifty edges above 25,800

The equities opened higher on Thursday, where the Sensex rose over 100 points in early trade, while the Nifty moved nearly 40 points higher to stay above the 25,800 mark. It tracked the positive global sentiment after the US Federal Reserve cut interest rates by 25 basis points. Buying was visible across metals, auto, banking, IT and real estate stocks, with traders noting that the market, though cautious at the open, strengthened as expectations of improved global liquidity took hold.

Metals led the early advance, supported by firm global commodity prices. Among the key gainers at 9:30 AM were DCM Shriram, which climbed 5.70 percent, JSW Holdings, BSE, Kaynes Technology India and ACME Solar Holdings, all rising between 2 and 3 percent.

On the other hand, pressure persisted in select counters. Tata Teleservices (Maharashtra) fell 4.08 percent at 9:34 AM, followed by declines in Godfrey Phillips India, Transformers & Rectifiers (India), Balrampur Chini Mills and Go Digit General Insurance.

Profit-booking in consumer-focused and midcap stocks capped the market’s overall upside. IndiGo also slipped more than 2 percent after the airline lowered its quarterly capacity and revenue guidance.

Analysts said volatility is likely to continue through the session, with global cues remaining the key driver. They added that while the Fed’s rate cut offers short-term relief, domestic triggers will be essential to sustain further gains in the broader market.

Also Read: Sensex slips 275 points, Nifty closes near 25,750

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Amazon announces $35 billion India growth plan by 2030

Amazon has announced it will invest over $35 billion in India by 2030. This is in addition to the $40 billion it has already invested in the country. The investment will focus on three areas: artificial intelligence, exports, and job creation.

Since 2010, Amazon has helped digitise more than 12 million small businesses in India. It has supported around $20 billion in exports and created 2.8 million jobs, directly or indirectly.

With the new plan, Amazon expects to generate 1 million more jobs by 2030. These jobs will include technology, logistics, operations, customer support, and other related sectors.

Amazon also aims to increase its e-commerce exports from $20 billion to $80 billion by 2030. The company plans to expand access to AI tools for small businesses. This includes improving online shopping experiences with AI features like visual search and multilingual support. Amazon will also offer AI education and training to students.

The announcement was made at the Amazon Smbhav Summit 2025 in New Delhi. The company shared a report highlighting its impact on India’s digital growth, small business empowerment, and job creation over the last decade.

Amazon’s new investment shows its confidence in India’s growing digital economy. It also aligns with national goals to boost AI, strengthen infrastructure, and support small businesses.

This step reinforces Amazon’s commitment to helping India’s economy grow while creating opportunities for millions of people.

Also Read: Anupam Rasayan buys US firm Jayhawk for $150 million

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Anupam Rasayan buys US firm Jayhawk for $150 million

In a major overseas expansion, Anupam Rasayan India has agreed to acquire US-based Jayhawk Fine Chemicals for about $150 million, marking one of its biggest international moves so far.

The deal includes the purchase of all Jayhawk’s equity and the settlement of outstanding loans. After adjusting for Jayhawk’s cash balance, the enterprise value of the transaction works out to around $134 million.

The acquisition gives Anupam Rasayan its first manufacturing footprint in the United States. This is expected to bring the company closer to global customers and strengthen its position in high-margin, niche chemical segments.

Jayhawk Fine Chemicals is known for its expertise in high-purity and complex chemistries. Its capabilities include advanced chemical processes used in sectors such as aviation, electronics, semiconductors and other industrial applications. The company reported revenue of nearly $78 million in 2024, with an EBITDA of around $15 million.

According to Anupam Rasayan’s management, the deal is aimed at creating strong operational and strategic synergies. The plan is to combine Jayhawk’s technology and customer relationships in the US with Anupam’s cost-efficient manufacturing base in India. This “dual manufacturing” model is expected to improve supply reliability for global clients while keeping costs competitive.

The transaction will be funded through a mix of internal funds, debt and a large quasi-equity investment from a global fund. Importantly, the company has clarified that this investment will not dilute Anupam’s management control.

After the acquisition, Anupam Rasayan expects its business mix to change significantly. The share of “performance materials” in its revenue is likely to rise to about 35%, compared to roughly 12% earlier. Agrochemicals are expected to continue as a key segment, contributing around 40–45% of revenues.

Market analysts have largely viewed the acquisition as a strategic, long-term positive, saying the deal strengthens Anupam’s global presence and opens new growth avenues in high-value industries.

With this move, Anupam Rasayan is positioning itself as a more diversified and globally integrated specialty-chemicals company, reducing dependence on any single geography.

Also Read: BlackRock arm invests $225 million in Aditya Birla Renewables

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Sensex slips 275 points, Nifty closes near 25,750

Indian stock markets closed lower on Wednesday wherein the BSE Sensex fell by about 275 points, while the Nifty 50 ended below 25,800. Mid-cap and small-cap stocks also slipped, showing weakness in the broader market.

Among the Nifty 50 stocks, Eicher Motors, Hindalco, Tata Steel, HDFC Life, and Adani Ports emerged as the top gainers. Metal stocks outperformed the broader market on the back of firm global commodity prices and bargain buying.

On the losing side, InterGlobe Aviation (IndiGo) saw strong selling pressure and ended among the top losers. Zomato (Eternal), Trent, Bharti Airtel, and Apollo Hospitals also declined, dragging the benchmark indices lower.

Sector-wise, IT, banking, realty, capital goods and consumer durables stocks recorded losses of 0.5–1%. The metal sector bucked the trend and ended higher, while oil and gas and pharma stocks closed with modest gains.

Analysts said market sentiment remains fragile amid uncertainty over global interest rate trends and foreign fund flows. Investors are expected to stay cautious in the near term, tracking global cues, currency movement and upcoming central bank decisions.

Also Read: Sensex jumps 250 points, Nifty crosses 25,900

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BlackRock arm invests $225 million in Aditya Birla Renewables

BlackRock’s infrastructure arm, Global Infrastructure Partners (GIP), has invested about $225 million, or nearly ₹2,000 crore, in Aditya Birla Renewables (ABR). This is one of the largest private investments in India’s clean energy sector.

The deal gives GIP a minority stake in the company. Aditya Birla Renewables is the renewable energy arm of Grasim Industries. Grasim is part of the Aditya Birla Group. GIP can also invest an additional ₹1,000 crore at a later stage. This could take the total investment to around ₹3,000 crore.

After the deal, the company’s value is estimated at about ₹14,600 crore, including debt. The transaction still needs regulatory approvals and other standard clearances.

The fresh funds will be used to expand the business. Aditya Birla Renewables plans to increase its power capacity to more than 10 gigawatts in the coming years. At present, the company has about 4.3 gigawatts of projects. These are either operational or under construction. The projects are spread across several Indian states.

The company works on solar power plants. It also runs wind-solar hybrid projects. It is developing floating solar plants. It is also working on round-the-clock renewable power projects.

Experts say this deal shows strong global confidence in India’s renewable energy market. BlackRock’s support highlights growing interest from international investors. These investors see long-term potential in India’s clean energy sector.

The deal also shows the growing role of private capital. Such investments are helping India move towards cleaner energy. They reduce dependence on fossil fuels.

Once approvals are in place, Aditya Birla Renewables is expected to speed up its expansion. The company is likely to bid for more projects. It aims to strengthen its position in India’s renewable energy market.

Also Read: Microsoft to invest $17.5 billion for India’s AI future

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Swiggy raises ₹10,000 crore through fresh share sale

Swiggy, India’s leading food and grocery delivery platform, has kicked off a ₹10,000 crore Qualified Institutional Placement (QIP) to raise funds from institutional investors. The floor price for the shares is set at ₹390.51, and reports indicate that investor demand is already strong, with the subscription book fully covered.

The company is offering 269.5 million new shares, roughly 10.8% of its pre‑issue equity base. This is Swiggy’s first major capital-raising effort since its IPO in November 2024, which raised around ₹11,327 crore. Analysts say the fresh capital gives the company the firepower to scale operations and strengthen its foothold in India’s competitive food-tech market.

Swiggy plans to channel the funds into expanding its delivery network, upgrading technology systems, and boosting its quick-commerce services, including groceries and essentials. The company has already been investing in warehouses and dark stores nationwide to ensure faster, more reliable deliveries. The QIP also gives Swiggy financial flexibility for strategic initiatives, including potential acquisitions.

The strong response from domestic and international institutional investors signals confidence in Swiggy’s growth strategy. Industry experts see the move as a vote of trust in the company’s ability to capture a larger share of India’s booming online food and grocery delivery market.

Facing competition from rivals like Zomato and Dunzo, Swiggy’s diversified services and quick-commerce focus provide a clear edge. With this infusion, the company aims to improve efficiency, expand coverage, and innovate further in the digital delivery space.

This QIP marks a key milestone, reinforcing Swiggy’s position as a market leader and preparing it to meet the rising demand for online food and grocery deliveries across India.

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SEBI approves 5 new IPOs, 2 firms withdraw

The Securities and Exchange Board of India (SEBI) has approved the initial public offerings (IPOs) of five companies, paving the way for them to raise capital from the market. The approved firms include Molbio Diagnostics, LEAP India, Foodlink F&B Holdings (India), Technocraft Ventures, and Eldorado Agritech.

Two other companies, Inox Clean Energy and Sky Alloys & Power, have withdrawn their IPO proposals, citing internal decisions, highlighting that regulatory clearance does not always translate into a public listing.

The approvals allow the cleared companies to launch their share sales within the next year, or up to 18 months for those that filed confidentially. The draft filings for these IPOs were submitted between June and September, with SEBI issuing its observations from late November to early December.

Molbio Diagnostics, a Goa-based diagnostics company backed by investors like Temasek Holdings and Motilal Oswal Private Equity, plans to raise around ₹200 crore through fresh issuance, with existing shareholders selling up to 1.25 crore shares. The company provides point-of-care molecular testing for over 30 diseases via its “Truenat” PCR platform.

LEAP India, promoted by global investment firm KKR, intends to raise roughly ₹2,400 crore—₹400 crore through fresh shares and the rest via an offer-for-sale by promoters. The company operates in supply-chain asset pooling, catering to various logistics and distribution needs.

Foodlink F&B Holdings (India), a Mumbai-based food-services and catering company, is looking to raise ₹160 crore via fresh shares, with additional shares available for sale by existing promoters. The funds will support expansion plans and reduce debt.

Technocraft Ventures, from Uttar Pradesh, offers wastewater treatment and sewage infrastructure solutions, while Eldorado Agritech of Telangana focuses on agricultural inputs like seeds and crop protection products. Both have received regulatory clearance to proceed with their IPOs.

The approvals signal a steady momentum in India’s IPO market across sectors such as healthcare, food services, agriculture, and infrastructure. For investors, these listings provide fresh opportunities, while for companies, they represent a crucial step toward growth and capital raising.

The withdrawals by Inox Clean Energy and Sky Alloys & Power reflect market or strategic considerations, underscoring that IPO clearance is only one stage in a broader listing process.

Also Read: Meesho shares jump 46% on stock market debut

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Meesho shares jump 46% on stock market debut

Meesho made an impressive entry into the stock market as its shares surged 46% over the IPO price on their first day of trading. The strong listing reflected high investor confidence in the company’s business model and future growth.

On the National Stock Exchange (NSE), Meesho shares opened at ₹162.50, compared to the IPO issue price of ₹111. On the Bombay Stock Exchange (BSE), the stock listed at ₹161.20, showing similar strong gains.

As trading progressed, the stock continued to rise and touched a high of around ₹177.50 during the session, marking a sharp jump of nearly 60% from the issue price.

The IPO received overwhelming interest from investors, with subscriptions running close to 79 times the shares on offer. Strong demand came from institutional investors, retail participants, and high-net-worth individuals.

Market experts believe the strong debut was driven by Meesho’s growing presence in India’s fast-expanding e-commerce sector, especially its popularity in smaller cities and among budget-conscious customers.

The successful listing positions Meesho as one of the standout IPO performers of the year and signals strong investor faith in digital-first consumer businesses.

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