Latest Announcements

HCLTech has expanded its collaboration with Google Cloud and ServiceNow to deliver AI agents for enterprise adoption on the Gemini Enterprise platform.

Sigma Advanced Systems Ltd released its Corporate Presentation for June 2026, detailing its transformation into a Tier 1 global Aerospace & Defense player. The company reported strong Q4 FY26 financials with ₹413 Cr revenue, 32% PBT, and 31% PAT. Strategic acquisitions of Nasmyth (Oct 2025) and Export Bridge (Apr 2026) have expanded its capabilities, global market access, and unlocked work transfer to India. The presentation highlights a 90%+ international orderbook extending up to 8 years, strong R&D, and an integrated value chain across defense products, sub-systems, and aerospace components.

REC Ltd has announced that its Board of Directors will convene on June 28, 2026, to consider and potentially approve a scheme of merger with Power Finance Corporation Limited (PFC) and their respective shareholders and creditors. This move signals a significant consolidation event involving two key government-owned entities in the power financing sector. The company also informed that the trading window for its securities remains closed.

Rashi Peripherals Ltd announced the acquisition of a 67% strategic stake in VDA Infosolutions Private Limited for a cash consideration of INR 3.68 billion. VDA Infosolutions, an IT solutions and services company with FY26 revenue of INR 8.5 billion, is consistently profitable. This acquisition aims to expand Rashi Peripherals into the fast-growing enterprise technology and digital infrastructure solutions market, transforming it into a fully integrated technology solutions and services enterprise and capitalizing on demand for cloud, cybersecurity, and data center solutions.

Rashi Peripherals Limited announced its strategic acquisition of an upfront 67% stake in VDA Infosolutions Pvt. Ltd. for a cash consideration of INR 3.68 billion, valuing VDA at INR 5.5 billion equity. VDA, with FY26 revenue of approximately INR 8.5 billion, specializes in enterprise technology and digital infrastructure solutions, including cloud, cybersecurity, and data protection. This move enables Rashi Peripherals to expand its value chain from ICT distribution into fast-growing enterprise IT solutions and services, capitalizing on accelerating demand in areas like cloud infrastructure, AI, and cybersecurity.

Power Finance Corporation Ltd (PFC) has announced that its Board of Directors will convene a meeting on June 28, 2026. The primary agenda for this meeting is to consider and approve a scheme of merger between Power Finance Corporation Limited and REC Limited. This significant corporate action will be subject to the provisions of the Companies Act, 2013, SEBI Listing Regulations, and other applicable laws and guidelines. The trading window for dealing in PFC securities remains closed in anticipation of this material event.

Rashi Peripherals Limited announced its strategic acquisition of a 67% stake in VDA Infosolutions Private Limited for INR 3.68 billion, valuing VDA at INR 5.5 billion. VDA, with FY26 revenue of approximately INR 8.5 billion, specializes in enterprise technology and digital infrastructure solutions, including cloud, cybersecurity, and data protection. This acquisition transforms Rashi Peripherals from an ICT distributor into an integrated technology solutions and services provider, targeting high-growth segments like enterprise cloud and AI-enabled IT. The remaining 33% stake will be acquired over three years, positioning the company for accelerated growth in the digital infrastructure space.

Rashi Peripherals Limited announced the acquisition of a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of INR 368.50 Crores. VDA, established in 2010, operates in the enterprise technology and digital solutions space with a turnover of INR 850 Crores as of March 2026. This acquisition is a strategic move for forward integration, complementing Rashi Peripherals' core IT products distribution business by expanding into high-growth areas like cloud, cybersecurity, and data protection. The Board also recommended the re-appointment of Deloitte Haskins & Sells LLP as statutory auditors for a second term.

Rashi Peripherals Limited has approved the acquisition of a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of INR 368.50 Crores. VDA, an IT solutions and services company, specializes in enterprise technology and digital solutions like cloud, cybersecurity, and data protection. This strategic acquisition aims to complement Rashi's core IT products distribution business and facilitate forward integration into the enterprise technology sector. The company also recommended the re-appointment of Deloitte Haskins & Sells LLP as statutory auditors for a second five-year term, subject to shareholder approval.

Rashi Peripherals Ltd's Board has approved the acquisition of a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of INR 368.50 Crores. VDA, established in 2010, operates in the enterprise technology and digital solutions space, with a provisional turnover of INR 850 Crores for FY26. This acquisition is expected to complement Rashi Peripherals' core IT products distribution business and offer strategic forward integration. Additionally, the Board recommended the re-appointment of Deloitte Haskins & Sells LLP as Statutory Auditors for a second five-year term.

Rashi Peripherals Ltd announced its decision to acquire a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of INR 368.50 Crores. VDA, established in 2010, operates in the enterprise technology and digital solutions sector, including cloud, cybersecurity, and data protection. This acquisition is strategic for Rashi Peripherals, complementing its core IT product distribution business and facilitating forward integration into the enterprise technology space. Additionally, the Board recommended the re-appointment of Deloitte Haskins & Sells LLP as statutory auditors for a second term.

Callista Industries Ltd's board approved the preferential allotment of 6.5 lakh equity shares for ₹65 lakhs and 12 lakh convertible warrants (initial receipt of ₹30 lakhs) to raise capital. This increases the paid-up capital to ₹4.69 crore. Concurrently, the company executed a Share Purchase Agreement to acquire 100% of Sadguru Flexibles Packaging Ltd, which will become a wholly-owned subsidiary. Callista Industries also plans to invest ₹10.5 crore in Sadguru Flexibles for its working capital requirements, aligning with the objectives of the preferential issue.

Callista Industries Ltd has allotted 6,50,000 preferential equity shares, raising Rs. 65 lakh, and 12,00,000 convertible warrants, securing Rs. 30 lakh upfront. Concurrently, the company executed a Share Purchase Agreement to acquire 100% of Sadguru Flexibles Packaging Limited, which will become a wholly-owned subsidiary. Callista also proposes to invest Rs. 10.5 crore in Sadguru Flexibles for working capital, aligning with the preferential issue's objectives. This strategic move aims to expand the company's business footprint.

Purple Finance Ltd has announced the receipt of a Letter of Offer dated June 20, 2026, from Allied Commodities Private Limited and Mr. Sandeep Jindal, along with persons acting in concert, for an open offer. The offer aims to acquire up to 1,76,48,152 equity shares, representing 26.00% of the target company's emerging voting capital, at a price of ₹55.00 per share, payable in cash. The offer is made under SEBI SAST Regulations and has secured prior approval from the Reserve Bank of India for the proposed acquisition and change in control of the company.

Honasa Consumer Ltd. announced the strategic acquisition of a 58% majority stake in Fluence Pharma, a science-backed nutraceuticals company known for its patented Cyclical Nutrition Therapy and dermatologist network. This acquisition marks Honasa's entry into the high-growth nutraceuticals category, specifically targeting "inside-out" beauty, under a newly formed subsidiary, Honasa Health. Fluence Pharma reported ~INR 40 Crore revenue and over 20% EBITDA margin in FY26, and Honasa aims to leverage Fluence's science with its own brand-building and digital distribution capabilities.

Honasa Consumer Limited (HCL) has announced the acquisition of a 58% majority stake in Fluence Pharma, a science-backed nutraceuticals company specializing in patented Cyclical Nutrition Therapy. This strategic move marks HCL's entry into the high-growth nutraceuticals market, particularly focusing on "inside-out" beauty solutions. HCL will establish a new subsidiary, Honasa Health Private Limited, to scale Fluence's B2C nutrition portfolio. Fluence Pharma reported approximately INR 40 Crore revenue with over 20% EBITDA margin in FY26.

Honasa Consumer Ltd announced the acquisition of a 58% equity stake in Fluence Pharma Private Limited, a company offering condition-specific OTC supplements under brands like "Hair Fact, Skin Fact, and Pro Fact." The acquisition, valued at approximately ₹135 Crores enterprise value for the initial stake, strategically marks Honasa's entry into the high-growth nutraceuticals market, with plans to acquire the remaining 42% over the next 5-7 years. Additionally, Honasa will incorporate a wholly-owned subsidiary, 'Honasa Health Private Limited,' to manage its new B2C nutraceuticals operations.

Honasa Consumer Limited has approved the acquisition of a majority 58% equity stake in Fluence Pharma Private Limited for approximately ₹135 Crores enterprise value. Fluence Pharma offers condition-specific OTC supplements under brands like "Hair Fact" and "Skin Fact." This strategic move marks Honasa's entry into the rapidly growing nutraceuticals market, which is valued at over ₹16,000 Crores. The company also announced the incorporation of a wholly-owned subsidiary, Honasa Health Private Limited, to manage its B2C nutraceuticals business. The remaining 42% stake in Fluence Pharma will be acquired in two tranches over the next 5-7 years.

Batliboi Ltd has announced the acquisition of 100% equity share capital of Penta Automation Systems Private Limited and its group company, Pats Robotics Private Limited, for INR 20 crore. Penta, a profitable specialized provider of customized industrial automation solutions and robotics integration services, reported combined revenue of INR 25.17 crore in FY2025-26. This acquisition aims to accelerate Batliboi's growth strategy by entering the high-growth industrial automation and robotics segment, diversifying its business, and leveraging complementary capabilities. The transaction involves upfront and deferred cash consideration, with Penta's founders continuing to lead operations for five years.

SVA India Ltd has increased its shareholding in Aussee Oats Milling Private Limited, a Sri Lankan company manufacturing oats and oat-based products, from 50% to 100%. This makes Aussee Oats Milling a Wholly Owned Subsidiary (WOS) of SVA India Ltd, effective June 23, 2026. The acquisition, for cash consideration based on valuation reports, fully consolidates Aussee Oats, which had a turnover of USD 14.78 million in FY 2025-26. Although a related party transaction due to a common director, it was conducted at arm's length.