Anupam Rasayan India Ltd announced a significant acquisition in the pharmaceutical sector, stating it will acquire up to 74.2% stake in Bliss GVS Pharma Ltd, a Mumbai-based formulations company. According to reports from The Hindu BusinessLine, the Surat-based company is acquiring 43.3-48.2% equity stake initially, followed by an open offer to public shareholders. The acquisition is valued at ₹1,360-plus crore at ₹299 per share, with funding through a ₹300 crore term loan and remaining amount via non-controlling, non-voting equity instrument.
NIBE Group marked a significant milestone in India's indigenous defence manufacturing with the inauguration of its Defence Manufacturing Complex in Shirdi, Maharashtra. As reported by The Hindu BusinessLine, the integrated facility includes a 155mm Ammunition Shell Manufacturing Plant capable of producing 5 lakh shells annually, along with indigenous TNT and RDX plant technologies. The complex also features a Bio-CNG & Hydrogen Fuel Plant and will flag off the Suryastra - 300 KM Universal Rocket Launching System.
The US FDA inspected Eugia Pharma Specialities Ltd., a wholly owned subsidiary of Aurobindo Pharma Ltd, from February 16-27, 2026. According to The Hindu BusinessLine, the inspection concluded with 4 observations and the facility received an 'official action indicated' classification. Eugia Pharma is a formulation manufacturing facility located in Kolthur Village, Shameerpet Mandal, Ranga Reddy, Telangana.
The Offer For Sale (OFS) of Central Bank of India shares opened today for retail investors, with strong institutional participation. As reported by The Hindu BusinessLine, institutional investors submitted over ₹2,380 crore worth bids on Friday, making the OFS more than two times oversubscribed. The government plans to sell 8% stake at a floor price of ₹31 per share, with non-retail investors contributing significantly to the oversubscription.
Oil India announced a significant discovery in its nominated Dandewala Field in Rajasthan, recording average inflow of 25,000 SCMD of Natural Gas from a depth of 950 meters plus. According to The Hindu BusinessLine, this discovery indicates encouraging deliverability and potential for the company. Rail Vikas Nigam Limited received a Letter of Acceptance (LOA) from NMDC Limited for railway infrastructure development near Padapur Village, with a total contract value of ₹758.07 crore including GST at 18%.
