KRN HEAT EXCHANGER
Co acquires Sphere Refrigeration’s Bus Air-Conditioning division
Strategic acquisition through Business Transfer Agreement signed between KRN HVAC Products Pvt. Ltd. and Sphere Refrigeration Systems Pvt. Ltd.
All operations, assets, and employees of the bus AC business to be integrated with KRN’s HVAC division.
Strengthens KRN’s presence in automotive HVAC, expanding its mobility cooling portfolio.
Expected to boost revenue and profitability leveraging synergies in design and production.
Brings Sphere’s 25+ years of technical know-how in auto HVAC and refrigeration.
Impact positive — enhances diversification and strengthens product portfolio.
AMEENJI RUBBER
Large trade on NSE
Craft Emerging Market Fund PCC-Elite Capital Fund sold 2.24 lakh shares @ ₹100.40/share.
Vinod Kumar Lodha bought 1 lakh shares @ ₹101/share.
Satheeshkumar K bought 1.10 lakh shares @ ₹100.39/share.
Sanjay Popatlal Jain bought 0.72 lakh shares @ ₹101/share.
Suryanarayana Raju Kantheti bought 1 lakh shares @ ₹100.50/share.
Finavenue Growth Fund bought 0.96 lakh shares @ ₹101/share.
SB Opportunities Fund I bought 0.98 lakh shares @ ₹100.49/share.
ASTER DM HEALTHCARE
Receives BSE, NSE no objection for merger with Quality Care India.
ITD CEMENTATION
Adani Group to invest ₹30,000 cr more in Navi Mumbai airport expansion.
SOMA PAPERS
Co acquires 100% stake in KS Smart Solutions via share swap; approves major preferential allotments.
Acquisition worth ₹48.7 cr expands Soma’s footprint into tech, edutech, and smart city solutions.
4.87 cr equity shares issued at ₹10 each for acquisition.
Additional cash issues and warrants total 16.25+ crore securities leading to significant dilution.
New promoters to take over; existing ones move to public category.
KS Smart Solutions revenue surged to ₹696.6 cr in FY25 vs ₹216.3 cr FY24.
Impact mixed — strategic diversification positive but heavy dilution a near-term concern.
GOLD UPDATE
Gold crosses $4,000/oz for the first time in history.
SOLEX ENERGY
NSE approves migration from NSE Emerge to Main Board; listing effective 8th October 2025.
PRESTIGE ESTATES PROJECTS
Unit Prestige Mulund Realty receives GST show cause notice worth ₹153.6 cr from DGGI Mumbai.
SATIN CREDITCARE NETWORK
Subsidiary Satin Finserv raises ₹60 cr via listed secured NCDs at 10.95% coupon rate.
Raised in two tranches of ₹30 cr each; rated A- (Stable) by ICRA.
Funds to support MSME and green finance initiatives.
CRAR stands at 36.83%, debt-to-equity at 2.46x as of June 2025.
VISHAL MEGA MART
28.7 lakh shares change hands in a pre-market large trade.
SWIGGY
12.1 lakh shares change hands in a pre-market large trade.
ADANI POWER
Block deal of 41.5 lakh shares executed.
LG ELECTRONICS
IPO opens; co setting up third manufacturing unit in Sri City.
Expected to benefit from under-penetration and premiumisation.
Exports form 6% of sales across 45 countries; marginally profitable.
No royalty change expected over next 1–2 years.
ROUTE MOBILE
Proximus Global launches “Konera” network API platform at Global Fintech Fest 2025.
Connects operators and fintechs under GSMA CAMARA framework for secure API integration.
Backed by 300+ operator tie-ups via BICS, targeting 92% India coverage by year-end.
@Beatthestreetnews
AUTO SECTOR UPDATE
Total sales down 6.98% MoM, up 5.22% YoY at 18.27 lakh units.
Two-wheeler sales down 6.26% MoM, up 6.51% YoY at 12.87 lakh units.
CV sales down 4.59% MoM, up 2.66% YoY at 72,124 units.
October outlook strong with festive and GST 2.0 revival boosting demand.
Inventory build signals festive preparedness despite weather impact.
MARKET IMPACT
LG India ₹11,600 cr IPO and Tata Capital ₹15,600 cr IPO together total ₹27,100 cr — seen as near-term negative for liquidity.
VERANDA LEARNING
Co enters aggressive growth phase after sharp deleveraging.
Debt reduced 70% from ₹435–440 cr to ₹125–130 cr via ₹310 cr QIP.
Interest cost to drop from ₹30 cr to ₹5 cr improving profitability.
JK Shah Commerce Education Ltd. spin-off to list as debt-free entity.
Outlook positive — stronger balance sheet and improved cash flows ahead.
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