Reliance Industries has completed the merger of Star Television Productions Ltd (STPL), a subsidiary of the company, with Jiostar, according to regulatory updates. On November 14, 2024, Reliance had informed of the scheme of arrangement for the merger of STPL with Star India, now known as Jiostar India, another subsidiary of the company.

The Government plans to sell up to 6 per cent of the total issued and paid-up equity share capital of Bank of Maharashtra (BoM) via an offer-for-sale (OFS) at a floor price of ₹54 per equity share. The OFS will open on December 2 and close on December 3, a Department of Financial Services notice to the exchanges, said. The government currently owns 79.60 per cent stake in the public sector bank, with the balance 20.40 per cent being held by the public. 

IRB Infrastructure on Monday said its board has approved the sale of its Gandeva Ena (VM7) hybrid annuity model project, which forms part of the upcoming Delhi Mumbai Greenfield Expressway Project, to IRB InvIT Fund for ₹513 crore. IRB Infrastructure, in a statement, said it will receive ₹513 crore as 100 per cent equity consideration from the IRB InvIT Fund upon completion of the transfer, and the project debt will also be transferred.

Coromandel International Ltd’s board has approved two major decisions: a substantial investment in its subsidiary’s rights issue and the establishment of a new wholly-owned subsidiary in the Philippines.

NTPC Ltd on Monday announced transferring Kerandari Coal Mine to its wholly-owned subsidiary NTPC Mining Ltd (NML), as part of an agreement. On October 1, NTPC transferred Chatti Bariatu Coal Mine and Badam Coal Mine, located in Jharkhand, to NML in line with the amended Business Transfer Agreement (BTA) dated September 17.

GHV Infra Projects has received a Work Order from GHV (India) Private Ltd for execution of Civil, MEP and finishing work for the buildings in Jamshedpur, Jharkhand. The work order is valued at approximately Rs. 109 crore and is to be completed within 30 months from the date of commencement of work.

Ambuja Cements Ltd has commissioned a 4 mtpa brownfield expansion of Clinker Unit in Bhatapara, Chhattisgarh. With the commissioning of this Clinker Unit, Ambuja Cements’ consolidated clinker capacity has increased to 66 mtpa.

Fineotex Chemical Ltd has successfully exercised warrants on a preferential basis on November 21. Shares have been allotted to a mix of promoter and non-promoter investors. The promoter group has participated in the exercise of warrants. The funds raised will be deployed towards working capital requirements and for potential acquisitions, supporting expansion plans and strengthening its position in domestic and international markets.

Bangur Concrete, part of the ‘Bangur’ Master Brand of Shree Cement Ltd., has commissioned a new Ready-Mix Concrete (RMC) plant in Baidyabati, Kolkata. With a production capacity of 60 cubic meters per hour, the launch expands the company’s nationwide network to 26 RMC plants.

Bharat Dynamics Ltd (BDL) has secured additional orders worth ₹2,461.62 crore since the last disclosure on 13 November 2025 from the Indian Army. Majors orders received include ATGMs and SAM (Emergency Procurement).

For the month of November, Afcons Infrastructure Ltd has secured orders valued at ₹884 crore for civil infrastructure works, under its Marine and Industrial Business Unit (BU). The orders involve Engineering, Procurement and Construction (EPC) contracts.

East India Drums and Barrels Manufacturing Ltd, earlier known as Precision Containeurs, has received a Letter of Acceptance from Indian Oil Corporation Ltd for the supply of Steel Drums/Barrels, valued at Rs. 11,76,95,000. The barrels will be supplied to Asaoti, Haryana.

KEI Industries Ltd has started trial production (first phase for LT/HT Cables) at its green field unit located at Sanand-II, BoI Engineering Industrial Estate GIDC, Ahmedabad. Commercial production at the new unit is expected by December 10, 2025.

The board of Viceroy Hotels has approved the acquisition of SLN Terminus Hotels and Resorts Private Ltd for ₹206.00 crore. The company operates a Marriott-associated hotel on leased premises (9th-12th floors) with 75 long-stay rooms, admeasuring 1,65,000 sq. ft. plus parking and an undivided land share of 2,442 Sq Yds situated at Gachibowli, Hyderabad, owned by its shareholders and others.

Trent informed the exchanges that NCLT has approved the amalgamation of the two step-down subsidiaries of the company i.e. Fiora Hypermarket Ltd (amalgamating company) with Fiora Online Ltd (amalgamated company’).

Amber Enterprises India announced that its material subsidiary, IL JIN Electronics (India) has acquired 80 per cent stake in Shogini Technoarts on 1 December 2025 for a total purchase consideration of ₹506 crore. Consequently, Shogini has become a subsidiary of IL JIN and a step-down subsidiary of Amber Enterprises India.

Published on December 2, 2025