Business

In a strategic effort to sharpen its focus on core infrastructure operations and reduce debt, the Adani Group has sold a 20% stake in its fast-moving consumer goods (FMCG) arm, Adani Wilmar, for Rs. 7,150 crore. The divestment is aligned with the group’s broader capital recycling initiative aimed at optimizing its portfolio following recent regulatory scrutiny and global investor expectations. The transaction, executed through block deals, marks one of the group’s largest non-infrastructure-related stake sales and signals a continued shift toward capital efficiency and sectoral clarity.

Tech Mahindra has reported a robust 34% rise in consolidated net profit for the first quarter of fiscal 2026, with earnings climbing to Rs. 1,141 crore from Rs. 851 crore a year ago. Revenue also grew to Rs. 13,270 crore, reflecting steady demand for digital transformation and 5G-led services despite a globally cautious IT spending environment. Enhanced operating efficiencies and disciplined cost management helped strengthen margins, underscoring the company’s resilience.

Groww, one of India’s fastest-growing investment platforms, has unveiled an advanced trading terminal aimed squarely at experienced traders and market enthusiasts. This strategic initiative highlights Groww’s ambition to expand beyond its core mutual fund and equity investing base by delivering a suite of sophisticated tools tailored for active market participants. The platform combines powerful charting features, real-time analytics, and customizable dashboards, designed to enable sharper trading decisions.

Anthem Biosciences’ initial public offering has witnessed robust demand, achieving full subscription on the very first day of bidding. The Bengaluru-based contract research and manufacturing firm attracted considerable attention from institutional and retail investors alike, reflecting strong confidence in its business model and growth prospects. With a price band set between Rs. 463 and Rs. 480 per share, the IPO aims to raise Rs. 1,225 crore.

Shares of Travel Food Services made a robust debut on the stock exchanges, closing nearly 17% above their issue price. The enthusiasm highlights investor confidence in India’s expanding travel and hospitality segments, particularly at a time when discretionary spending is rebounding. Backed by a solid footprint in airports, railway stations, and highways, the company’s growth story appears well-positioned to capitalize on rising passenger traffic and evolving consumption patterns.

NLC India Ltd., a key public sector enterprise in the energy sector, has announced an extensive capital expenditure plan of Rs. 1.25 lakh crore to be rolled out over the coming years. This transformative investment is designed to expand the company’s footprint across thermal, renewable, and mining operations, reinforcing its role in India’s evolving energy mix. The plan also underscores NLC’s intent to pivot more aggressively toward green energy, aligning with national targets for sustainable development.

In a strategic move underscoring confidence in India’s consumer discretionary segment, homegrown private equity firm Multiples Alternate Asset Management is poised to acquire up to a 25% stake in VIP Industries, the country’s leading luggage manufacturer. This investment, estimated to be worth around Rs. 1,900 crore, marks one of the largest private equity transactions in the domestic lifestyle goods sector in recent years.

IIFL Home Finance has successfully secured a USD 100 million loan from the Asian Infrastructure Investment Bank (AIIB), reinforcing its efforts to scale affordable and green housing initiatives across India. This strategic funding is poised to strengthen the lender’s balance sheet, expand its outreach in underserved segments, and support India’s broader mission of inclusive urban development.

In a significant prelude to its highly anticipated initial public offering, Anthem Biosciences has secured Rs. 1,016 crore through anchor investor commitments. This substantial capital infusion highlights the strong appetite among institutional investors for opportunities in India’s fast-expanding contract research and manufacturing sector. Anthem’s move comes at a time when global pharmaceutical outsourcing demand is intensifying, placing the Bengaluru-based company in a favorable position to capitalize on industry tailwinds.

Shares of Life Insurance Corporation of India (LIC) are capturing market attention following signals from official circles that the government may soon greenlight an Offer for Sale (OFS) of its stake. This prospective move underscores the Centre’s broader disinvestment strategy aimed at strengthening fiscal resources while deepening capital market participation. Investors are closely monitoring the development, anticipating improved liquidity in LIC’s counter and a potential uptick in valuation.