Author: Legal Parivar

August 4, 2026: Shares of One 97 Communications Ltd. (Paytm) remained in focus after Elevation Capital and its affiliated entities sold a 2.3% stake in the fintech company through multiple block deals on August 4. The transaction attracted strong institutional interest, with 19 investors participating in the deal. Among the prominent buyers were global investment firms including Morgan Stanley, Goldman Sachs, and Manulife, reflecting continued institutional interest in Paytm despite the secondary stake sale. The block transactions were executed during market hours, leading to elevated trading activity in the stock. On the National Stock Exchange (NSE), Paytm shares closed 0.71%…

Mumbai, August 4, 2026: Sanofi India Ltd. reported a strong operational performance for the quarter ended June 30, 2026 (Q2 2026), driven by robust growth in its diabetes portfolio and improved profitability. The company’s Board of Directors approved the unaudited financial results at its meeting held on August 4, 2026. Sanofi India Q2 2026 Financial Highlights The company attributed the improvement in profitability to a favorable product mix and disciplined cost management, with operating expenses declining 5% year-on-year. Diabetes Business Continues Strong Momentum Sanofi India’s diabetes portfolio remained the key growth driver during the quarter. Sanofi also reported that its…

August 4, 2026: State-run Oil and Natural Gas Corporation (ONGC) reported a sharp jump in earnings for the first quarter of FY27, with standalone net profit soaring 112% year-on-year to ₹17,034 crore, supported by significantly higher crude oil realizations and stronger gas prices. The company also recorded its highest-ever quarterly Profit Before Tax (PBT) of ₹22,848 crore, while standalone gross revenue climbed 45.2% to ₹46,460 crore. The financial results were approved by the ONGC Board during its 413th Board meeting held on August 4, 2026. ONGC Q1 FY27 Financial Highlights ONGC delivered one of its strongest quarterly performances in recent…

August 4, 2026: Multi Commodity Exchange of India Ltd. (MCX) reported a sharp rise in earnings for the first quarter of FY2026-27, with consolidated net profit more than doubling year-on-year as robust trading activity boosted revenue. The commodity exchange operator posted a consolidated net profit of ₹413.44 crore for the quarter ended June 30, 2026, compared with ₹203.19 crore in the corresponding quarter last year, registering a growth of over 103% YoY. Revenue Surges Nearly 88% YoY MCX reported total consolidated income of ₹751.79 crore during the June quarter, up from ₹405.82 crore a year ago, reflecting strong growth in…

The Government of India’s Offer for Sale (OFS) in Life Insurance Corporation of India (LIC) received an overwhelming response from institutional investors on the first day of bidding, with the issue being subscribed 3.32 times its base offer. Following the robust demand, the Centre has decided to exercise the green shoe option, increasing the size of the stake sale. The announcement was made by Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla, who confirmed that the strong institutional participation prompted the government to expand the offer. Strong Institutional Participation Boosts LIC OFS The LIC OFS opened on…

Global crude oil prices plunged on Tuesday, with Brent crude falling nearly 5% to a three-week low, after fresh diplomatic signals from Qatar and the United States boosted optimism that a potential US-Iran agreement could ease tensions in the Middle East and improve oil flows through the Strait of Hormuz. Brent crude futures for the front month dropped $3.95 (4.72%) to $79.82 per barrel after touching an intraday high of $86.33. During the session, Brent briefly slipped to $79.73, marking its lowest level in nearly three weeks. Meanwhile, West Texas Intermediate (WTI) crude declined $4.32 (5.38%) to around $76.02 per…

Larsen & Toubro (L&T) has received shareholder approval for its proposed Scheme of Arrangement to transfer its Realty Undertaking to its wholly-owned subsidiary, L&T Realty Properties Limited (LTRPL). The resolution was passed with an overwhelming 99.07% of votes in favour at the National Company Law Tribunal (NCLT)-convened meeting of equity shareholders held on August 4, 2026. The company disclosed the development in a regulatory filing under Regulation 30 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the voting results and the scrutinizer’s report. Shareholders Back Realty Demerger Proposal The NCLT-convened meeting was held…

Uniparts India Limited has announced its first interim dividend of ₹9 per equity share for the financial year 2026-27, rewarding shareholders after the Board approved the payout at its meeting held on August 4, 2026. The dividend has been declared on equity shares with a face value of ₹10 each, translating into a 90% interim dividend for FY27. Record Date Fixed as August 12 The Board has fixed August 12, 2026, as the record date for determining the eligibility of shareholders entitled to receive the interim dividend. Eligible shareholders whose names appear in the company’s records as of the record…

Smartworks Coworking Spaces has announced a significant expansion of its managed office portfolio by adding approximately 1,41,124 square feet of new capacity in Aerocity, Delhi NCR. The expansion is aimed at strengthening the company’s presence in one of India’s fastest-growing commercial hubs while supporting increasing demand from enterprise clients. The company expects the new capacity to become operational during August–September 2026. Smartworks Announces New Capacity Addition in Aerocity In a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Smartworks informed the stock exchanges that it has expanded its footprint by adding nearly 1.41…

HealthCare Global Enterprises (HCG) has announced that its subsidiary, HCG Manavata Oncology LLP, will acquire a 26% equity stake in Epic Vighnaharta Renewable Energy Private Limited (EVRE) for an aggregate consideration of ₹38 lakh. The investment is aimed at enabling HCG’s subsidiary to qualify as a captive user of renewable power, allowing it to source electricity from EVRE’s upcoming 1.3 MWp solar power project located in Mangalwedha, Solapur district, Maharashtra. According to the company, the transaction will result in HCG holding an indirect 26% interest in EVRE, strengthening its commitment toward clean energy adoption and sustainability initiatives. EVRE is engaged…