Sundaram Finance has received approval for the proposal to raise additional Tier 2 capital in the form of subordinated debt up to Rs 500 crore in FY 2026-27, by issuance of Subordinated Non-Convertible Debentures (NCDs) on private placement basis, in one or more tranches. The Board of Directors of the company at their meeting held on May 25, 2026 has approved the same.
Lemon Tree Hotels has signed Lemon Tree Hotel, Kumbakonam in Tamil Nadu. The hotel will be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels. With this signing, the company further strengthens its presence in Tamil Nadu and expands its footprint across key cultural, tourism, and commercial destinations in South India. This milestone addition brings the group’s footprint in the state to eight hotels, comprising six operational and two upcoming properties, including this hotel.
In a significant step towards strengthening India's clean energy transition and supporting the nation's vision of Viksit Bharat and Net Zero Carbon, NLC India (NLCIL) has signed a Memorandum of Understanding (MoU) with Nuclear Power Corporation of India (NPCIL) for formation of a Joint Venture (JV) to establish Nuclear Power Projects in the country.
Rose Merc has entered into a term sheet with ZCLUS India, a wholly owned subsidiary of ZEST Consulting LLC, for a proposed strategic investment of up to Rs 18 crore over a period of three years. The proposed investment may be made in one or more tranches at a fixed subscription price of Rs 60,000 per equity share, subject to execution of definitive agreements, regulatory and corporate approvals and other customary conditions. The proposed investment is intended to support ZCLUS’s business expansion initiatives and growth in IT services and digital transformation sectors.
Manglam Global Corporations has acquired 100% Equity Shares of Shri Krishnam Industries, thereby making it a Wholly Owned Subsidiary of the Company. The proposed acquisition is in line with the growth and expansion strategy of the company. The target entity is currently under expansion and is in the process of setting up a new project related to the manufacturing of dal. This acquisition will enable the company to strengthen its presence in the agro-processing segment and enhance its operational capabilities.
Innovision has received a Letter of Award (LoA) /work order Engagement of user fee agency on the basis Competitive Bidding at Km 18.500 of Viluppuram to Puducherry Section from Km 0.000 to Km 29.000 of NH-45-A(NH-332) in the state of Tamil Nadu and UT and upkeep/ maintenance of adjacent Toilet Blocks including recouping the consumable items. Size of the order is Rs 24.89 crore.
One 97 Communications’ wholly owned subsidiary -- Paytm Cloud Technologies (PCTL) has received approval for an additional investment by way of subscription to 9 million equity shares of 1 euro each at a total consideration of 9 million euro, in its wholly owned subsidiary, Paytm Europe Payments S.A (Paytm Europe). The board of directors of PCTL at its meeting held on May 25, 2026 has considered and approved the same.
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