GRM Overseas, PDS and Greaves Cotton to see some action today

13 Aug 2025 Evaluate

GRM Overseas has received approval for the formation of wholly owned subsidiary (WOS) of the company in United Arab Emirates (UAE) to serve as a distribution and marketing hub for catering to customers in the UAE and nearby international markets, including trading, importing, exporting, and distribution of rice, food grains, and related food products. The Board of Directors of the company at their meeting held on August 12, 2025 has approved the same.

As part of the PDS Group’s strategic initiative to augment profitability and address loss-making verticals, PDS has divested its entire stake in Grupo Sourcing, a step-down subsidiary incorporated in Bangladesh (Grupo Sourcing, BD), to its existing business head, Zamal Uddin Ahmed, and his family. Consideration received from such sale/disposal is approximately Rs 2.13 crore.

Greaves Cotton has acquired an additional approximate stake of 10% in Excel Controlinkage (Excel), a material subsidiary of the company, through the secondary route. Following this tranche, the company’s aggregate shareholding in Excel stands increased to 80%. In the event the proposed acquisition takes place in accordance with definitive documents, the acquisition will be in line with the company’s strategy to diversify into new product categories with the intent to strengthen its presence in commercial vehicles and develop the complete mobility ecosystem.

NMDC has received approval for the proposal of incorporation of a Wholly-Owned Subsidiary (WOS) in International Financial Service Centre (IFSC), Gujarat International Finance Tec-City (GIFT), Gandhinagar, Gujarat, subject to approval of Ministry of Steel, DIPAM and any other authority as may be required. The Board of Directors of the Company in its 579th Meeting held on August 12, 2025 inter-alia approved the same.

NHPC has raised Rs 2000 crore on August 12, 2025 through issue of Unsecured, Redeemable, Non-Convertible, Non-Cumulative and Taxable 6.40% NHPC AG Series Bonds 2027 on Private placement basis. Date of Maturity will be August 12, 2027.

Thermax has partnered with Norway-based HydrogenPro to supply, install and commission alkaline electrolysers systems in India. Thermax will also provide after-sales services of alkaline electrolyser systems based on HydrogenPro's technology. An alkaline electrolysis system helps produce green hydrogen by splitting water into hydrogen and oxygen through the use of direct current power.

Cohance Lifesciences (with its subsidiaries, hereafter referred to as ‘Cohance’) is all set to make strategic investment of $10 million to expand cGMP bioconjugation capabilities at its U.S based subsidiary, NJ Bio. Aligned with the company’s long-term strategy, this investment advances Cohance’s global expansion in niche technology-led modalities, enhancing its ability to support innovators from early development through late-phase clinical supply.

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