HUL Buys 90.5% Stake in Minimalist Parent Uprising Science for ₹2,706.44 Crore

On April 21, 2025, Hindustan Unilever Limited (HUL) officially announced the completion of its acquisition of Uprising Science Private Limited. Following approval from the Competition Commission of India, the deal cements Uprising’s status as a subsidiary of HUL through a significant financial transaction.

Completion of the Acquisition Process

Hindustan Unilever Limited had previously disclosed, through its communication dated 18th March 2025, that regulatory approval had been granted by the Competition Commission of India for the proposed acquisition. The transaction was carried out in accordance with the Share Purchase and Subscription Agreement (SPSA) signed on 22nd January 2025. Under the terms of the agreement, HUL successfully acquired a 90.5% stake in Uprising Science Private Limited. This acquisition was completed through a combination of primary infusion and secondary purchase, amounting to a total cash consideration of ₹2,706.44 crore.

Impact on Corporate Structure

As a result of this acquisition, Uprising Science Private Limited and its subsidiaries have officially become subsidiaries of Hindustan Unilever Limited. This move aligns with HUL’s broader strategic initiatives and marks a significant expansion of its operational base. The acquisition not only strengthens HUL’s market position but also integrates Uprising’s resources and capabilities into its corporate structure, enhancing overall business synergies.

Read More: HUL, RIL Lead as Top Indian Firms Add ₹84,559 Cr in Market Capitalisation

HUL Share Performance

As of April 22, 2025, 10:30 AM, HUL Share Price is trading at ₹2,382.80, reflecting a 1.35% surge from the previous closing price. Over the past month, the stock has surged by 5.61%.

Conclusion

The acquisition of a 90.5% stake in Uprising Science Private Limited marks a major milestone for Hindustan Unilever Limited. Through this transaction, HUL has expanded its corporate portfolio and reinforced its commitment to growth and innovation within the Indian market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Brigade Group Signs JDA For Plotted Development Project in East Bengaluru

Brigade Enterprises Limited has signed a landmark Joint Development Agreement (JDA) for its first plotted development project in Malur, East Bengaluru. This strategic move reflects the company’s intent to expand into emerging residential corridors supported by robust infrastructure and connectivity.

Strategic Land Acquisition and Project Details

The Brigade Group has secured approximately 20 acres of land for its plotted development venture, with a gross development value of around ₹175 crores. 

 

The project offers a total development potential of 0.45 million square feet. Located in Malur, a region gaining traction due to its proximity to the Satellite Town Ring Road (STRR) and the Chennai Expressway, this project is poised to cater to a growing demand for affordable, well-connected housing options.

Strengthening Presence in Expanding Residential Corridors

This project marks Brigade Group’s initial foray into plotted development in East Bengaluru, solidifying its footprint in one of the city’s rapidly growing areas. According to Pavitra Shankar, Managing Director of Brigade Enterprises Limited, the initiative aligns with the Group’s vision of creating well-planned, sustainable communities.

 

Improved infrastructure and enhanced accessibility are driving homebuyers towards the periphery of Bengaluru, and Brigade Group aims to tap into this evolving market with a thoughtfully designed residential offering.

 

Read More: Brigade Enterprises Shares Price Surges After Signing New Mysuru Project Deal.

Brigade Enterprises Share Performance 

As of April 22, 2025, 9:30 AM, Brigade Enterprises share price is trading at ₹1,015.50, reflecting a 0.69% surge from the previous closing price. Over the past month, the stock has surged by 2.20%.

Conclusion

The signing of the JDA for the Malur project highlights Brigade Group’s strategic focus on future-ready locations and innovative housing solutions. This development enhances the company’s diversified portfolio while contributing to the evolving residential landscape of East Bengaluru.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Gandhar Oil Refinery and JNPA Signed MoU for the Vadhvan Port Terminal

Gandhar Oil Refinery (India) Ltd. has signed a non-binding Memorandum of Understanding (MoU) with Jawaharlal Nehru Port Authority (JNPA) on April 21, 2025. The MoU concerns potential collaboration for the development of a terminal at the upcoming Vadhvan Port.

As of 12:24 PM on April 22, 2025, Gandhar Oil Refinery (India) share price was trading at ₹158.78, up 4.82% for the day, showing a 5.47% gain over the past month but a 28.50% decline over the past six months.

Details of the Planned Terminal

The terminal is expected to be designed for handling container, bulk, and liquid cargo. Apart from cargo management, the plan includes building infrastructure to support marine services and intermodal connectivity. It will also involve setting up IT systems and digital tools for operations.

The company has estimated an investment of approximately ₹1,000 crore for the project. If it moves forward, development work is expected to begin ahead of an operational start in 2030.

Subject to Competitive Bidding

The MoU does not confirm participation. The agreement is non-binding and the actual execution will depend on the outcome of a transparent competitive bidding process. If Gandhar Oil’s bid is successful, a binding agreement will be signed later.

Additional Components

The proposed project includes infrastructure development beyond the physical terminal. It mentions plans for manpower training and skill development to support operational requirements at the site. IT infrastructure will also be a focus, alongside solutions for efficient cargo handling.

Formal Disclosures

The company made the disclosure in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was communicated to both BSE and NSE.

Read more: Gandhar Oil Refinery Shares Slipped ~3% After Release of Q2 FY25 Results.

Conclusion

The MoU is Gandhar Oil’s initial interest in the Vadhvan Port project. At present, the agreement is not binding, and further developments will depend on the competitive bidding process. The project, if awarded, is expected to begin operations in 2030.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Reliance Buys ₹10,000 Cr in Govt Bonds Amid Softer Yield Expectations

Reliance Industries Ltd. (RIL) has made large purchases of government securities from the secondary market, reportedly amounting to ₹7,000-₹10,000 crore during the second week of April. 

This activity followed the Reserve Bank of India’s (RBI) monetary policy update on April 9, where the central bank cut the policy repo rate. The buying is seen as a response to expectations of a further decline in bond yields.

As of 12:41 pm on April 22, 2025, Reliance Industries share price were trading at ₹1,298.60, up 0.24% for the day, but down 3.33% over the past six months and 12.25% over the past year.

10-Year Bond Yield at Lows

The benchmark 10-year government bond yield has been trading at multi-year lows. With the RBI indicating the possibility of further rate cuts during the year, market participants are expecting two additional reductions in the policy rate. This has led to increased interest in government securities, particularly from institutional buyers like RIL.

Regulatory Adjustment on Bank Deposits

On the regulatory front, the RBI has revised its earlier proposal concerning digitally linked retail deposits. Banks are now required to maintain a buffer of 2.5% for such deposits, down from the 5% run-off factor proposed in July. This change applies to internet and mobile banking-accessible deposits and is intended to be implemented within one year.

Effect on Bank Liquidity Coverage

According to the RBI, the change in the buffer requirement is expected to improve banks’ Liquidity Coverage Ratio (LCR) by approximately 6 percentage points as of the December quarter. The central bank also stated that all banks continue to meet the minimum regulatory LCR requirements.

Read more: Reliance Share Price in Focus: Q4 Results, Dividend, and Fundraising Announcement on April 25.

Context of Run-Off Risk

The original proposal aimed to address risks of deposit “run-off”, when funds are quickly withdrawn and redirected into higher-yielding assets. The revised rule lowers the capital buffer burden on banks while maintaining oversight over potential liquidity risks.

Conclusion

The combination of lower policy rates, softening bond yields, and regulatory easing appears to be driving activity in the bond market. RIL’s recent investment aligns with this environment, while banks are adjusting to updated compliance norms over the next year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Tata Motors, Tata Power Renewable Energy Sign Agreement for Wind-Solar Hybrid Project

On April 21, 2025, Tata Motors entered into a power purchase agreement (PPA) with Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, to jointly set up a 131 MW wind-solar hybrid renewable energy project.

Project Capacity and Scope

The hybrid project will supply energy exclusively to Tata Motors’ six manufacturing facilities located in Maharashtra and Gujarat. These units handle both commercial and passenger vehicle production. The project is expected to generate around 300 million units of renewable electricity each year.

According to Tata Power’s regulatory filing, the energy generated through this project is expected to help reduce carbon dioxide emissions by over 2 lakh tons annually.

Financing Structure 

The integrated power project will be co-financed by Tata Motors and Tata Power. It will operate under a long-term PPA signed between the two companies. The wind-solar hybrid setup is aimed at providing consistent and cost-effective green energy to support Tata Motors’ operations.

Statements from Tata Motors Officials

Vishal Badshah, Vice President – Operations, Commercial Vehicles, Tata Motors, and Pramod Choudhary, Vice President – Operations, Passenger Vehicles, both acknowledged the agreement as part of ongoing plans related to energy transition within manufacturing. The company’s plants in Gujarat and Maharashtra are expected to benefit from the move.

Read More: Tata Motors Shares in Focus as JLR Evaluates Response to New US Tariffs.

Share Price Performance

As of 12:43 PM on April 22, 2025, Tata Power Company share price was trading at ₹390.55, down 0.077%. The stock has seen a 4.73% gain over the last week and a 4.12% rise in April 2025. Year-to-date, the stock is down 0.40%. Tata Power’s market capitalisation stood at ₹1.25 lakh crore as of April 21. At the same time, Tata Motors share price stood at ₹629.90, down 0.024%.

Conclusion

The 131 MW project adds to Tata Motors’ renewable energy capacity and involves long-term collaboration with Tata Power. It is to also support operations at multiple manufacturing sites while contributing to emission reductions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

DCX Systems Share Price in Focus on JV with ELTA Systems

DCX Systems Limited signed a Joint Venture Agreement on April 21, 2025, with ELTA Systems Ltd, a subsidiary of Israel Aerospace Industries (IAI), along with its group companies. The agreement covers the formation of a joint venture company (JVC) in India.

As of 12:52 PM on April 22, DCX Systems share price was trading at ₹273.25, down 0.22% for the day, 5.37% over the past six months, and 12.63% over the past year.

Scope of the Joint Venture

The newly formed JVC will work on the development and manufacturing of radar systems. This includes airborne maritime radar systems, fire control radar systems, and other radar technologies for both airborne and land-based applications. The project will be executed under the “Make in India” initiative.

Ownership Structure

DCX Systems will hold a 37% equity stake in the JVC, while the ELTA group will hold the remaining 63%. As of the date of execution, DCX has no shareholding in ELTA or its group companies.

Board Composition

Initially, the JVC board will consist of four directors, three appointed by ELTA and one by DCX. Upon full investment by DCX, the board will expand to five members, including two from DCX and three from ELTA. The Chief Executive Officer (CEO) and Chief Financial Officer (CFO) will be nominated by ELTA, subject to board approval.

Read more: DCX Systems Secures Major Purchase Orders Worth ₹24.51 Crores.

Licensing and Terms

As per the filing, ELTA will provide an exclusive license for its radar technology to JVC, specifically for “Make in India” projects. The licence excludes government-to-government (G2G) and government-to-customer (G2C) engagements. Other terms include provisions for capital structure, board rights, intellectual property, reserved matters, and conflict resolution through mechanisms like a call option.

Transaction Nature and Compliance

The agreement does not involve related parties and does not result in any conflicts of interest. Shares subscribed by DCX will be issued at fair value, compliant with applicable laws. The company has disclosed this development to stock exchanges as required under SEBI regulations.

Conclusion

The JVC is set up to manufacture radar systems in India, with participation from both DCX Systems and ELTA Systems, as part of defence manufacturing projects under the national production scheme.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Nureca Receives Approval for Manufacturing Facility in Punjab

Nureca Limited has received formal approval from the Department of Industries & Commerce, Government of Punjab (Invest Punjab), to set up a new manufacturing facility in Village Sundra, Sub-Tehsil Zirakpur, District SAS Nagar, Punjab. The approval has been granted under the Industrial and Business Development Policy (IBDP) – 2022.

Manufacturing Focus

The new unit will focus on the production of health and wellness equipment. This addition is expected to contribute to Nureca’s existing domestic manufacturing infrastructure. The company currently operates in segments such as chronic device care, orthopaedics, mother and child products, nutrition supplements, and wellness essentials.

Nureca’s registered office is located in Goregaon East, Mumbai, while its correspondence office is based in Chandigarh.

Policy Benefits

Under the IBDP-2022 policy, the project will be eligible for incentives offered by the state government. These typically include financial, infrastructural, and operational support. Specific details of the incentives applicable to this facility were not disclosed in the company’s filing.

Filing and Disclosure

The announcement was made through a stock exchange disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted on April 21, 2025, by Nishu Kansal, Company Secretary and Compliance Officer at Nureca Limited.

Read more: Nifty Pharma Records Steepest Fall Since 2020 – Here’s Why.

Share Price Performance

As of 12:58 PM on April 22, Nureca share price was trading at ₹254.50, down 0.40% for the day, up 12.94% over the past month, and down 10.31% over the past six months.

Conclusion

Nureca’s new project in Punjab has received official clearance and will operate under the provisions of IBDP-2022. The facility will focus on manufacturing wellness equipment and is eligible for policy-linked incentives provided by the state.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Bajaj Finserv Launches Nifty Next 50 Index Fund

Bajaj Finserv Asset Management Company has opened a New Fund Offer (NFO) for its Nifty Next 50 Index Fund – Regular Growth, beginning 22 April 2025 and closing on 6 May 2025.

Fund Objective and Strategy

The scheme aims to invest in companies that are part of the Nifty Next 50 Index. The portfolio will include all the stocks in the index, with each stock held in roughly the same proportion as its weight in the index. The objective is to track the performance of the Nifty Next 50 Index, subject to tracking errors. The fund does not aim to outperform or underperform the index.

Index Background

The Nifty Next 50 Index represents the 50 companies that are next in line after the Nifty 50 in terms of free-float market capitalisation. These are companies across multiple sectors, and some of them may eventually move into the Nifty 50 over time.

Fund Details 

  • Category: Equity | Large Cap
  • Opening NAV: ₹10 per unit
  • Minimum Investment: ₹500
  • Options Available: Growth and IDCW (Income Distribution cum Capital Withdrawal)
  • Entry/Exit Load: None
  • SIP, SWP, STP: Available

The fund will be managed by Ilesh Savla, who is also responsible for other index funds under the AMC.

Application Period

Investors can subscribe to the scheme from April 22, 2025, to May 6, 2025, through authorised platforms and intermediaries.

Read More: NFO Alert: Bajaj Finserv Mutual Fund Launches Bajaj Finserv Multi Cap Fund.

Conclusion

This index fund follows a passive strategy with the goal of matching the returns of the Nifty Next 50 Index over time. It uses standard index-tracking methodology and does not involve active stock selection.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Baroda BNP Paribas and Sundaram Mutual Fund Filed Draft with SEBI

Baroda BNP Paribas Mutual Fund and Sundaram Mutual Fund have submitted draft documents to SEBI for the launch of two new schemes: the Baroda BNP Paribas Multi Asset Active Fund of Funds and the Sundaram Multi Factor Fund.

Baroda BNP Paribas Multi Asset Active FoF

Baroda BNP Paribas has proposed a multi-asset fund of funds (FoF) scheme aiming to invest across a mix of equity, debt, and gold ETFs. This open-ended fund seeks to actively allocate investments into domestic mutual fund schemes within these asset classes. It is for investors looking for a diversified approach within a single scheme.

The fund’s indicative asset allocation pattern spans:

  • Equity schemes: 10-80%.
  • Debt schemes: 10-80%.
  • Gold ETFs: 10-30% The scheme can also hold up to 10% in liquid assets such as TREPS or money market instruments.

Minimum application amount is ₹1,000, with additional purchases in multiples of ₹1. The fund will offer both Regular and Direct plans under Growth and IDCW options.

Read more: Income Distribution Announced by Baroda BNP Paribas Mutual Fund.

Sundaram Multi Factor Fund

Sundaram Mutual Fund’s new offering falls under the equity-thematic category and will follow a multi-factor model-based strategy. The fund aims to deliver long-term capital growth by selecting stocks based on factors such as value, momentum, quality, and growth, combining both fundamental and technical indicators.

Highlights include:

  • Minimum 80% of assets in equity using a quantitative multi-factor model
  • Up to 20% in debt and money market instruments
  • Benchmark: BSE 200 TRI
  • Entry at ₹10 per unit during NFO
  • Exit load of 1% if units are redeemed within 365 days

SIPs start from ₹100, and STP/SWP options are available. The fund will be managed by Rohit Seksaria, Bharath S., Dwijendra Srivastava, and Sandeep Agarwal.

Read more: Sundaram Mutual Fund Unveils Prosperity SIP with Enhanced Features.

Conclusion

Both schemes target different investor needs, Baroda BNP’s fund focuses on asset class diversification via FoF, while Sundaram introduces a structured, model-driven equity strategy. These drafts await SEBI’s approval before their respective launches.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SEBI Unveils Proposals to Streamline Dispute Resolution Mechanism

The Securities and Exchange Board of India (SEBI) has issued a consultation paper on 21 April, proposing significant changes to the handling of disputes and complaints among market participants. The regulator seeks to streamline processes through greater use of the Online Dispute Resolution (ODR) mechanism, among other regulatory updates. Public feedback on these proposals is invited until 12 May.

Expansion of Direct Referral to ODR Mechanism

SEBI has proposed that certain categories of disputes and complaints may be directly referred to the ODR portal without exhausting previous grievance redressal stages. These cases include disputes involving financial claims equal to or exceeding ₹10 crore, chronic or repetitive disputes, complaints filed by Schedule B entities, and disputes where a trading member seeks debit recovery against a client investor. 

Additionally, disputes where both parties have given consent, or those contested on grounds of time-barring or technical infirmities highlighted during pre-conciliation, are also eligible for direct arbitration referral. 

Traditionally, the ODR mechanism was accessible only after an investor raised a grievance with the concerned market participant and, if unresolved, escalated the matter to SEBI’s SCORES platform. The new proposal seeks to bypass these initial steps under specific circumstances to facilitate faster dispute resolution.

Other Proposed Changes to the Regulatory Framework

Apart from expanding access to the ODR mechanism, SEBI has suggested the introduction of several regulatory amendments. A key proposal is the inclusion of a provision rendering consent given during conciliation proceedings irrevocable. 

 

Further, SEBI recommends incorporating new regulations that detail the Standard Operating Procedure (SOP) for handling complaints and disputes, aiming to bring greater clarity and uniformity to the redressal process. These measures are intended to ensure efficiency and certainty in dispute resolution among investors, intermediaries, and listed companies, reinforcing the integrity and effectiveness of the market’s grievance redressal framework

Read More: SEBI Proposes Key Reforms for Angel Funds to Boost Capital Flow to Start-Ups!

Conclusion

SEBI’s latest proposals mark an important step towards enhancing the efficiency of dispute resolution in the Indian securities market. By expanding the use of the ODR platform and introducing new procedural safeguards, the regulator aims to provide quicker and more structured redressal avenues for market participants.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.