OBSC Perfection Signs MoU with Aethrone Aerospace for USA Manufacturing Facility
OBSC Perfection Limited has entered into a non-binding Memorandum of Understanding with Aethrone Aerospace to explore the establishment of a joint precision manufacturing facility in New Mexico, USA. The collaboration aims to leverage combined engineering and machining expertise to penetrate the North American aerospace and defense supply chains.
Tube Investments Acquires 2.69 Percent Additional Stake in Shanthi Gears for ₹77.49 Crore
Tube Investments of India has increased its controlling interest in Shanthi Gears Limited through a ₹77.49 crore block deal acquisition. This strategic move strengthens the parent company's position in the precision engineering and gear manufacturing segment by raising its total stake to 73.16%.
Talbros Engineering Secures 40,000 Sq Mtr Pithampur Site for ₹25 Crore Expansion
Talbros Engineering has finalized the acquisition of a new industrial property in Pithampur, Madhya Pradesh, for a total consideration of ₹25 Crore. The 40,000-square-meter facility is designated for future production expansion and the development of new automotive projects.
Wheels India Board Approves Strategic ₹400 Crore Fund Raise via Equity and Debt
Wheels India Limited has announced a major capital infusion plan of up to ₹400 crore through various financial instruments. The board has authorized the issuance of equity shares and convertible securities to strengthen the company's financial structure and support its long-term growth objectives.
Belrise Industries Secures Shareholder Approval for ₹2,000 Crore Fundraise via QIP
Belrise Industries Limited has received overwhelming shareholder approval to raise up to ₹2,000 crore through a Qualified Institutions Placement (QIP). The special resolution, passed via postal ballot with a 99.82% majority, authorizes the company to issue equity shares or equity-linked instruments to institutional investors.
Craftsman Automation Approves ₹2,000 Crore QIP; Sets Floor Price at ₹8,966.13
Craftsman Automation's Fund-Raising Committee has approved a Qualified Institutions Placement (QIP) to raise up to ₹2,000 Crores through the issuance of equity shares. The committee set the floor price at ₹8,966.13 per share and officially opened the issue on June 15, 2026.
Samvardhana Motherson Board to Evaluate Debt Fund Raise on May 20; TTM Revenue ₹1.21L Cr
Samvardhana Motherson International Limited has convened a board meeting on May 20, 2026, to discuss a proposal for raising capital through debt instruments. The company plans to evaluate the issuance of bonds and non-convertible debt securities via private placement to strengthen its financial position alongside reviewing its annual audited results.
Remsons Industries UK Unit Secures ₹160 Crore Pedal Box Order from Global OEM
Remsons Industries' UK-based subsidiary has been nominated for a ₹160 crore pedal box programme by a global commercial vehicle OEM. The 10-year contract provides long-term revenue visibility and strengthens the group's international automotive footprint.
Amara Raja Energy & Mobility Launches Amaron Assist to Expand Service Revenue
Amara Raja Energy & Mobility has announced the launch of Amaron Assist, a new service vertical under its flagship Amaron brand. This strategic move targets the automotive and battery services segment to create new revenue streams by leveraging the company's extensive domestic distribution network.