Choice International, Bharat Forge and Power Grid to see some action today

Choice International’s material subsidiary -- Choice Equity Broking (Choice Broking) has acquired Arete Capital Services (Arete), a prominent wealth management firm with an Assets Under Management (AUM) of Rs 5,151 crore. This strategic acquisition strengthens Choice Broking’s position in the wealth management and investment advisory space, enhancing its ability to serve High Net Worth Individuals (HNIs) and institutional clients with a more comprehensive suite of financial solutions.

Kalyani Strategic Systems, a wholly-owned defence subsidiary of Bharat Forge, has unveiled the MArG 45, mobile gun system mounted on a 4x4 all-terrain platform, at IDEX Abu Dhabi 2025. MArG 45 exemplifies Kalyani Group’s ingenuity in challenging conventions, integrating firepower, range, and mobility into a single, ground-breaking platform. Designed for rapid deployment and superior manoeuvrability, it is a ‘go-anywhere’ gun with unparalleled shoot-and-scoot capabilities.

Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding for the two projects to establish Inter-State Transmission System under Build, Own Operate and Transfer (BOOT) basis. The first project comprises of establishment of new 765 / 400 / 220kV Pooling Sub-Station near Davangere / Chitradurga and a new 400 /220kV Pooling Sub-Station near Bellary along with 765kV & 400kV D/C Transmission Lines and upgradation works for existing sub-station and transmission line. The entire scope of works are situated in the State of Karnataka. The second project comprises of ICT augmentation works at existing and under-construction sub-stations in the State of Rajasthan.

Krishna Institute of Medical Sciences (KIMS) has taken over the operations and management of UAIMS Hospital, located in Sangli, Maharashtra. This strategic partnership will also enable KIMS to exercise call option (not an obligation) to acquire majority stake in UAIMS Hospital in the coming years. The new entity will be known as KIMS-UAIMS Hospital. 

Uravi Defence and Technology has acquired an additional 580 equity shares of SKL (India) for a consideration amount of Rs 57.91 lakh on February 14, 2025. Owing to the aforementioned, Uravi now holds 50.01% of the total paid up equity share capital of SKL and SKL shall now be considered as subsidiary of Uravi Defence and Technology.    

Hyundai Motor India (HMIL) has exported over 3.7 million Made in India passenger vehicles till date. The company has commenced exports in 1999 and completed 25 years of exports from India, reinforcing its position as India’s largest exporter of passenger vehicles. Over the last 25 years, HMIL has exported passenger vehicles to over 150 nations across the globe, and currently exports to over 60 countries. The globally acclaimed Hyundai i10 family surpassed the milestone of 1.5 million, and the extremely popular VERNA family crossed 500,000 exports on a cumulative basis.

CLN Energy has received a Purchase order for supply of Lithium Ion Batteries totaling to around Rs 77 crore (including tax) from A telecom Industry Public Sector Undertaking. The said order is expected to be completed within 7 months.