Author: Legal Parivar

ICICI Bank Limited has successfully priced USD 300 million of Senior Unsecured Fixed Rate Notes through its IFSC Banking Unit under its USD 7.5 billion Global Medium Term Note (GMTN) Programme, strengthening its international funding profile. The bank disclosed the development to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key Details of the Bond Issue The issuance comprises USD-denominated Senior Unsecured Fixed Rate Notes through a RegS drawdown under ICICI Bank’s existing USD 7.5 billion GMTN Programme. ParticularDetailsIssuerICICI Bank Limited (through IFSC Banking Unit)Issue SizeUSD 300 millionInstrumentSenior Unsecured Fixed Rate NotesProgrammeUSD…

IRM Energy Limited, a fast-growing City Gas Distribution (CGD) company, reported its best-ever quarterly financial performance for the quarter ended June 30, 2026 (Q1 FY27). The company posted a 24% year-on-year (YoY) growth in revenue, while EBITDA and Profit After Tax (PAT) more than doubled, supported by higher gas volumes, expanding customer base, and improved operating efficiency. The company announced its unaudited standalone financial results through a press release submitted to the stock exchanges under **Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Q1 FY27 Financial Performance IRM Energy recorded its highest-ever quarterly revenue of ₹325.85…

GMR Airports Limited has announced that it will acquire up to a 49% equity stake in TIM Goa Airport Advertising Private Limited (TGAAPL) for an aggregate consideration of up to ₹16.59 crore, marking its entry into the airport advertising business as part of its strategy to expand airport-adjacent revenue streams. The company disclosed the development in a filing to the BSE and NSE under Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Investment Structure Under the agreement, GMR Airports will subscribe to up to 49% of the issued and paid-up share capital of…

Private equity firm Brighton Park Capital has fully exited its investment in Bengaluru-based digital healthcare solutions company Indegene, selling its entire 8.73% stake for approximately ₹1,105 crore through block deals executed on August 6. The exit marks the conclusion of the firm’s investment in the healthcare technology company, which debuted on the stock exchanges in 2024. According to Indegene’s June 2026 shareholding pattern, the Greenwich-based private equity investor held its stake through two special purpose vehicles (SPVs). The shares were offloaded in multiple block transactions on the stock exchanges, though the identities of the buyers were not immediately disclosed. Brighton…

Mumbai-based LEAP India, a supply chain management and asset-pooling solutions provider backed by KKR, has raised ₹743.62 crore from anchor investors ahead of the launch of its ₹2,480-crore initial public offering (IPO), which opens for public subscription on August 7. The anchor book saw participation from 32 institutional investors, reflecting strong interest from domestic and global funds. The IPO comprises a fresh issue of ₹480 crore and an offer-for-sale (OFS) of ₹2,000 crore by existing shareholders Vertical Holdings II, backed by KKR, and KIA EBT Scheme 3. The public issue will remain open until August 11, with a price band…

Global crude oil prices surged on Thursday after reports emerged that Iran’s parliament is reviewing legislation that could prohibit U.S. and Israeli vessels from transiting the strategically vital Strait of Hormuz, intensifying concerns over potential disruptions to global energy supplies. Brent crude futures climbed $3.09 (3.89%) to $82.54 per barrel, while U.S. West Texas Intermediate (WTI) crude rose $2.49 (3.31%) to $77.71 per barrel during afternoon trading. According to reports, an Iranian parliamentary committee is examining a draft bill that would ban vessels from the United States, Israel, and countries deemed hostile from using the Strait of Hormuz. The proposal…

August 5, 2026: Inventurus Knowledge Solutions Limited (IKS Health) reported robust financial performance for the first quarter of FY2026-27, posting double-digit growth in revenue, EBITDA, and profit after tax, supported by strong client demand, operational efficiency, and continued expansion of its AI-enabled healthcare platform. The healthcare technology company announced its financial results for the quarter ended June 30, 2026, highlighting sustained momentum across its business and reaffirming its long-term growth strategy following the acquisition of TruBridge. IKS Health Q1 FY27 Financial Performance For the quarter ended June 30, 2026, IKS Health reported: In U.S. dollar terms, quarterly revenue increased 12%…

New Delhi, August 5, 2026: State-owned Power Grid Corporation of India Ltd (POWERGRID) reported a decline in its standalone net profit for the first quarter of FY2026-27, with earnings impacted despite stable transmission operations. The company announced its unaudited financial results after the board meeting held on August 5. Power Grid Q1 FY27 Net Profit Declines 6.6% POWERGRID reported a standalone net profit of ₹3,410.95 crore for the quarter ended June 30, 2026, compared to ₹3,653.23 crore in the corresponding quarter last year, reflecting a 6.6% year-on-year decline. On a consolidated basis, the company posted a net profit of ₹3,598.42…

August 5: Alchemy Capital Management has acquired more than a 1% stake in Meenakshi India through an open market transaction, signaling institutional interest in the recently listed apparel manufacturer. The development came as PremjiInvest-linked funds trimmed their stake in Sapphire Foods India via separate bulk deals. Following the transaction, Meenakshi India shares hit the 5% upper circuit at ₹396.65 on the BSE, extending their winning streak since the company’s stock market debut on July 28. Strong buying interest and heavy trading volumes continued to support the stock. Alchemy Capital, a SEBI-registered portfolio manager and alternative investment fund manager, is known…

August 5: GE Vernova T&D India Ltd (NSE: GVT&D) reported a strong performance for the first quarter of FY27, with profit after tax (PAT) rising 25% year-on-year (YoY) to ₹360 crore, driven by robust execution and strong demand across domestic and international power transmission projects. The company also reported a 38% YoY increase in revenue to ₹1,840 crore, reflecting continued momentum in India’s grid modernization and global electrification markets. GE Vernova T&D India Q1 FY27 Highlights Major Orders Secured During the June quarter, GE Vernova T&D India secured several strategic domestic and international orders, including: Operational Milestones The company successfully…