Bain Capital, a global private investment firm, has signed definitive agreements to acquire joint control in Kerala-based non-banking financial company (NBFC) Manappuram Finance. This investment, made through its affiliates BC Asia Investments XXV Ltd. and BC Asia Investments XIV Ltd., will see existing promoters retaining their stake in the company.

Bain Capital’s Investment and Open Offer

As part of the agreement, Bain Capital will invest ₹4,385 crore to acquire an 18% stake in Manappuram Finance on a fully diluted basis. The purchase will be executed through a preferential allotment of equity and warrants at ₹236 per share, reflecting a 30% premium over the six-month average trading price.

The transaction will also trigger a mandatory open offer for an additional 26% stake at the same price of ₹236 per share. Depending on the response to the open offer, Bain Capital’s total stake in the company could range between 18% and 41.7% on a fully diluted basis, including shares issued upon warrant conversion.

Impact on Shareholding and Business Outlook

Following the investment, the existing promoters will hold a 28.9% stake in Manappuram Finance on a fully diluted basis. The company, recognised as India’s second-largest gold loan provider, sees this partnership as a catalyst for its next growth phase.

V.P. Nandakumar, MD and CEO of Manappuram Finance, expressed confidence in Bain Capital’s strategic support, highlighting, “As we embark on the next phase of our growth, we are delighted to welcome Bain Capital as our new partner. Their leadership team is renowned for its commitment to excellence, and their sharp focus on growth will unlock fresh opportunities for Manappuram Finance.”

Manappuram Finance Share Performance 

As of March 21, 2025, at 2:05 PM, Manappuram Finance share price is trading at ₹235.90 per share, reflecting a surge of 8.46% from the previous day’s closing price. Over the past month, the stock has surged by 17.18%.

Conclusion

With Bain Capital’s substantial investment and strategic backing, Manappuram Finance is poised for further growth in the gold loan and financial services market. The partnership is expected to enhance the company’s reach and accelerate its expansion plans.

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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. 

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Piramal Pharma Ltd announced that its subsidiary, Piramal Critical Care (PCC), and Ireland-based BrePco Biopharma Ltd (BPCO) have received approval from the UK Medicines and Healthcare Products Regulatory Agency (MHRA) for Neoatricon. This marks a significant milestone as Neoatricon becomes the first paediatric-strength dopamine hydrochloride infusion designed for neonates, infants, and children with hypotension.

Addressing a Critical Gap in Paediatric Care

Neoatricon, developed by BrePco Biopharma, is a ready-to-use, sterile dopamine hydrochloride infusion solution available in two strengths: 1.5mg/mL (30 mL vial) for neonates and smaller infants, and 4.5mg/mL (50 mL vial) for infants, children above 10 kg, and adolescents requiring cardiovascular support.

Before this approval, there was no authorised dopamine hydrochloride formulation specifically indicated for paediatric use, with off-label administration being common. Neoatricon ensures precise dosing, reducing the risk of medication errors and minimising preparation time in neonatal and paediatric intensive care units (NICU & PICU). This advancement facilitates faster intervention, particularly in emergency settings.

Piramal Critical Care’s Role in Commercialisation

Piramal Critical Care has secured commercialisation rights for Neoatricon across the EU, UK, and Norway and will oversee its distribution. The approval signifies PCC’s expansion into paediatric critical care, reinforcing its position as a global leader in anaesthesia, pain management, intrathecal therapy, and critical care medicine.

The development of Neoatricon was supported by the European Commission’s 7th Framework Programme, highlighting the commitment to improving paediatric healthcare solutions.

Piramal Pharma Share Performance 

As of March 21, 2025, at 11:55 AM, Piramal Pharma’s share price is trading at ₹223.95 per share, reflecting a surge of 1.20% from the previous day’s closing price. Over the past month, the stock has surged by 7.13%.

Conclusion

The approval of Neoatricon introduces a dedicated paediatric-strength dopamine hydrochloride formulation, filling a crucial gap in critical care medicine. This milestone strengthens Piramal Critical Care’s footprint in paediatric healthcare, ensuring safer and more effective treatment for young patients in need of cardiovascular support.

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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.

Lloyds Metals and Energy Ltd has received environmental clearance from the Ministry of Environment, Forest, and Climate Change for its new wire rod and pellet plant projects in Maharashtra. The approval marks a significant step in the company’s expansion plans.

Approval for Wire Rod and Pellet Plant Projects

On March 20, 2025, Lloyds Metals announced that it had secured environmental clearance for its upcoming 1.2 MTPA wire rod project and 4 MTPA pellet plant project at Ghugus, Chandrapur. The approval, granted by the Ministry of Environment, Forest, and Climate Change, paves the way for the company’s capacity expansion.

Production Growth and Operational Milestones

Earlier this year, Lloyds Metals reported a 22% year-on-year (YoY) increase in direct reduced iron (DRI) production, reaching 238,000 tonnes for the nine-month period. Iron ore production also grew by 5% YoY to 8.6 MT, with December recording the highest monthly DRI output. The company’s operations are running near full capacity, reinforcing its position in the industry.

Lloyds Metals Share Performance 

As of March 21, 2025, at 01:15 PM, Lloyd Metals share price is trading at ₹1,289.15 per share, reflecting an upside of 2.57% from the previous day’s closing price. Over the past month, the stock has surged by 8%.

Conclusion

With the latest environmental clearance, Lloyds Metals is set to expand its production capabilities, further strengthening its presence in the Indian metals sector. The company’s continued growth in DRI and iron ore production highlights its operational efficiency and strategic expansion.

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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.

Shares of Bharat Heavy Electricals Ltd. (BHEL), the state-owned engineering and manufacturing enterprise, witnessed a modest jump of 2% on the afternoon of Friday, March 21, following the announcement of a major project win. The company informed the stock exchanges that it has received a substantial ₹7,500 crore order from Gujarat State Electricity Corporation Ltd. (GSECL).

This surge brought the stock to ₹210.73 at 1:56 PM, taking its month-to-date gain to 17.6% in March. However, despite this rebound, BHEL’s share price remains 8% lower for calendar year 2025.

Details of the Ukai Thermal Power Project

The newly awarded order pertains to an EPC (Engineering, Procurement and Construction) package for the 1×800 MW Ukai Extension Unit 7, located in Tapi District, Gujarat. As per the exchange filing, BHEL will be responsible for delivering a comprehensive package that includes:

• Supply of equipment
• Boiler, turbine and generator (BTG) units
• Associated auxiliaries
• Civil works
• Erection and commissioning

The project, won through an international competitive bidding process, is scheduled for completion within 54 months.

Recent Order Momentum Continues

This order follows closely on the heels of BHEL’s strong performance in the previous month. In February 2025, the company had secured:

• A ₹6,700 crore contract from Singareni Collieries Company Ltd. to set up an 800 MW thermal power unit in Telangana.
• A separate ₹6,200 crore order from Damodar Valley Corporation.

These recent wins indicate a continuing momentum in BHEL’s order inflows, particularly in the thermal power segment, which remains a critical component of India’s energy infrastructure.

Market Reaction and Stock Performance

The stock market has reacted positively to BHEL’s robust order book additions. The 2% rise on March 21 reflects investor optimism surrounding the company’s operational visibility and project pipeline.

Still, it’s worth noting that despite the gains observed in March, the stock’s performance remains subdued for the calendar year 2025, down 8% year-to-date.

Conclusion

The ₹7,500 crore EPC order from GSECL further strengthens BHEL’s role in India’s power generation sector. With a string of large-scale orders announced in quick succession, the company appears to be reinforcing its position in the thermal infrastructure space. How these project executions unfold over the next few years will be keenly watched by market participants and stakeholders alike.

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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. 

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In a strategic move towards sustainability and innovation, Hero MotoCorp Limited, the world’s largest manufacturer of motorcycles and scooters, has announced a significant investment of up to ₹525 crore in Euler Motors Private Limited. The decision, approved by the company’s board on March 20, 2025, marks Hero MotoCorp’s official entry into the electric three-wheeler (3W) and four-wheeler (4W) segment.

The Hero Motocorp share price is trading higher by 1.74% at ₹3,659.50 as of 12:35 PM on March 21, 2025.

Stake Acquisition in Euler Motors

The investment—comprising both primary and secondary funding—will be made in one or more tranches, resulting in Hero MotoCorp acquiring an estimated 32.5 per cent stake (on a fully diluted basis) in Euler Motors. The funding will be routed via a mix of equity shares and Series D Compulsorily Convertible Preference Shares (CCPS). The transaction is expected to be completed by 30th April 2025.

This acquisition does not fall under the category of a related party transaction, and the consideration is entirely in cash. The move aligns with Hero’s broader goal of expanding into adjacent mobility segments and fortifying its presence in India’s rapidly growing EV market.

About Euler Motors

Founded on January 15, 2015, Euler Motors is a New Delhi-based electric vehicle manufacturer with operations in over 30 Indian cities. The company specialises in the design, manufacture, sale, and servicing of electric three- and four-wheelers. Its revenue has seen considerable growth in recent years:

• FY 2021–22: ₹25 crore
• FY 2022–23: ₹49 crore
• FY 2023–24: ₹172 crore

Recently, Euler launched its first electric commercial four-wheeler, further diversifying its EV portfolio.

Strategic Rationale

Hero MotoCorp’s Executive Chairman, Dr Pawan Munjal, commented on the development, stating, “Our strategic investment in Euler is a bold step towards realising our vision to ‘Be the Future of Mobility’ This investment allows Hero MotoCorp to venture into a rapidly growing electric 3 and 4-wheeler market, while unlocking adjacent business opportunities.”

Hero MotoCorp aims to use this partnership to strengthen its position in India’s evolving electric mobility landscape, with projections suggesting electric three-wheelers could soon represent 35 per cent of total segment sales.

CSR-Focused Subsidiary to be Set Up

In a separate announcement, Hero MotoCorp also shared its plans to incorporate a not-for-profit company under Section 8 of the Companies Act, 2013. This new entity will focus on Corporate Social Responsibility (CSR) initiatives and will be wholly funded through cash subscription by Hero MotoCorp.

Conclusion 

This strategic investment signifies Hero MotoCorp’s commitment to expanding its footprint in India’s evolving electric mobility space. With Euler Motors’ growing presence, the partnership aims to tap into the rising demand for sustainable transport solutions.

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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.

In what could potentially reshape India’s insurance market, Jio Financial Services Ltd., a Reliance group company, is reportedly in advanced discussions with Germany-based Allianz SE to establish a new insurance venture in the country. As per news report, both parties have reached a preliminary agreement and are working through the specifics of the ownership structure.

The Allianz-Bajaj Exit: A Strategic Shift

The news comes shortly after Allianz SE agreed to exit its joint ventures with Bajaj Finserv Ltd., selling its 26% stake in both life and non-life insurance arms for approximately €2.6 billion (USD 2.82 billion), as per a news report. This exit marks a significant pivot in Allianz’s strategy in India and paves the way for a fresh collaboration with Jio Financial Services.

Structure and Control: Allianz’s Stake Aspirations

According to a report, Allianz is eyeing a majority stake in the new venture. However, if a majority stake proves infeasible due to regulatory or commercial reasons, the German insurer is reportedly open to securing governance rights, offering a structured path to eventual control.

Joint Venture Scope: General and Health Insurance

The proposed tie-up between Jio Financial and Allianz is said to encompass both health and general insurance segments. While the agreement is not yet finalised and remains subject to change, it signifies a robust intent from both parties to enter one of the world’s most underpenetrated insurance markets.

Jio Financial’s Growing Ambitions

Under the leadership of veteran banker K.V. Kamath, Jio Financial has already made headlines by joining forces with BlackRock Inc. for asset management. The potential entry into insurance further underscores its ambition to become a financial services powerhouse in India.

India’s Low Insurance Penetration: A Market Ripe for Expansion

As per data from the Insurance Regulatory and Development Authority of India (IRDAI), the country’s insurance penetration stands at 3.7%, significantly lower than that of regional peers such as Japan, South Korea, and Thailand. This vast untapped market offers lucrative opportunities for both new and established players.

Conclusion: A Strategic Collaboration in the Making

While still in the preliminary stages, the Jio-Allianz partnership, if finalised, could emerge as a formidable player in India’s insurance sector. With both entities bringing substantial financial and operational expertise to the table, the venture aligns with their mutual goal of leveraging India’s expanding financial services ecosystem.

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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.

TVS Motor Company Ltd, one of India’s leading 2 and 3-wheeler manufacturers, has announced an interim dividend of ₹10 per equity share for the financial year ending March 31, 2025. 

The dividend declared at a rate of 1,000% on the face value of ₹1 per share, amounts to a total payout of ₹475 crore. This significant declaration was made following a board meeting held on March 20, 2025.

The interim dividend reflects the company’s continued financial discipline and its ability to generate substantial shareholder value. This announcement comes as part of the company’s broader commitment to maintaining consistent capital allocation and rewarding its shareholders.

The share price of TVS Motor was up by 2.18% at  ₹2,400 as of 9:43 AM on March 21, 2025. 

Record Date and Payout Timeline

In accordance with SEBI regulations, TVS Motor has set March 26, 2025, as the record date for the interim dividend. Shareholders whose names appear in the company’s register or in depository records at the close of business on this date will be eligible to receive the dividend. 

The disbursement is expected to be completed within 30 days from the date of declaration.

Both physical and electronic shareholders are entitled to this payout, with the company ensuring compliance with regulatory norms to facilitate timely and efficient distribution.

Q3FY25 Financial Highlights

The dividend announcement follows a robust financial performance by the company in the third quarter of FY25. TVS Motor reported a net profit of ₹618 crore for Q3FY25, marking a 4% increase compared to the same period last year. Revenue also rose to ₹9,097 crore, reflecting a 10.3% year-on-year growth.

The company’s operational performance showed improvement, with EBITDA rising 17% year-on-year to ₹1,081 crore. Margins also expanded by 70 basis points to 11.9%, up from 11.2% in the corresponding quarter of the previous financial year.

Conclusion

TVS Motor’s interim dividend declaration, amounting to a substantial ₹475 crore, underlines its strong financial footing and commitment to shareholder return. Coupled with Q3FY25’s performance, the company continues to demonstrate resilience and operational efficiency in a dynamic market environment.

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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.