Here's a quick look at the biggest moves in today's Indian market that could affect your portfolio.
Key Deals and Orders
Privi Speciality Chemicals – Rs 700 cr Block Deal
The seller may offload up to 6.32% of Privi Speciality Chemicals in a block deal worth about Rs 700 crore. The floor price is set between Rs 2,835 and Rs 2,850 per share.
Bharat Forge – Defence Contract Worth Rs 1,661.9 cr
The Ministry of Defence has awarded Bharat Forge a contract to supply 255,128 CQB carbines to the Indian Army. The deal must be fulfilled within five years.
Power Grid Corp – 2,000 MWh Battery Storage Project
Power Grid won the bid to develop a total of 2,000 MWh (1,000 MW for 2 hours) of standalone battery storage in Andhra Pradesh, including a 150 MW/300 MWh system at Kalikiri.
RITES – Diesel‑Electric Locomotive Order
RITES secured a $3.6 million contract to supply Cape gauge diesel‑electric locomotives to Berhard Development Corporation in Zimbabwe.
Corporate Financing and Appointments
- Muthoot Finance: Raised Rs 500 crore through a rights issue, issuing 325,139 shares to fund growth and repay loans.
- Titan Company: Appointed IAS officer Sandhya Venugopal Sharma as Chairperson and Additional Director, effective Jan 4 2026.
- IFCI: Sold its 10% stake in North Eastern Development Finance Corp for Rs 121.77 crore.
Legal and Tax Updates
InterGlobe Aviation faces a GST demand of Rs 458.26 crore, including interest and penalties, for a compensation receipt. The airline disputes the order, citing advice from tax experts.
Acquisitions and Share Transfers
- Lupin: Its Dutch subsidiary Nanomi BV aims to complete the purchase of VISUfarma BV by Feb 28 2026, extending the original timeline.
- Taj GVK Hotels & Resorts: Promoter Shalini Bhupal bought 1.6 crore shares (25.52% stake) at Rs 370 per share from IHCL, triggering a termination agreement among several parties.
Recent Bulk Deals
- Taj GVK Hotels: Promoter trusts sold about 2.5 million shares for roughly Rs 105 crore, reducing their holding to 3.98%.
- Ramkrishna Forgings: Morgan Stanley bought 1.875 million shares at Rs 506.7 each (Rs 95 crore) while Societe Generale sold 1.475 million shares.
- Shankara Building Products: Dhunseri Ventures off‑loaded a 0.5% stake (122,000 shares) for Rs 1.2 crore.
SME Listings
New small‑ and mid‑cap companies such as Apollo Techno Industries, Bai Kakaji Polymers, Nanta Tech, Admach Systems, and Dhara Rail Projects have entered the market.
Disclaimer
Remember, this is just an overview, not investment advice. Do your own research and consider your risk tolerance before making any decisions.