Tata Steel, S.P Apparels and Aeroflex Enterprises to see some action today
Stanley Lifestyles has launched three new retail destinations in Bengaluru
Tata Steel has executed the Share Subscription and Shareholders’ Agreement (‘SSSA’) with Tata Power Renewable Energy (TPREL) and TP Adarsh (TPAL) and completed the acquisition, by way of subscription, of 59,00,000 equity shares of face value of Rs 10 each of TPAL (26% equity shareholding) for an aggregate consideration of Rs 5.90 crore. Post this transaction, TPAL has become an indirect associate company of Tata Steel.
S.P Apparels has invested an amount of Rs 6.31 crore as equity in S.P Apparels UK (SPUK), a Wholly owned subsidiary of the Company. The additional investment in the Wholly Owned Subsidiary (WOS) incorporated in the United Kingdom is being made to strengthen its capital base and support ongoing business expansion. The funds will be utilized to meet working capital requirements, enhance operational capabilities, and expand market presence in the UK and European markets.
Aeroflex Enterprises has successfully acquired an additional 1,03,350 equity shares at price of Rs 539.50 per share aggregating to Rs 5.57 crore, representing 4% of the issued and paid-up share capital of M.R. Organisation (MRO), pursuant to the Share Purchase Agreement dated July 27, 2024 and Deed of Amendment (DOA) dated April 21, 2026. Consequent to the above acquisition, the company’s shareholding in M.R. Organisation has increased from 64% to 68% of the issued and paid-up share capital of MRO.
L&T Finance has raised Rs 500 crore through the allotment of 50,000 senior, secured, rated, listed, redeemable, non-convertible debentures having face value of Rs 1,00,000 each, through private placement basis, to the identified investor on April 21, 2026. The NCDs carry a coupon rate of 7.79% per annum, first coupon payable on June 27, 2026 and annually thereafter.
PNC Infratech has emerged as the First Lowest (L1) Bidder in tenders floated by National Highways Authority of India (NHAI) for 2 HAM based National Highway Projects for an aggregate 'Bid Project Cost' (BPC) of Rs 3483 crore exclusive of GST. The financial bids for the 2 projects were opened on April 21, 2026.
Stanley Lifestyles has launched three new retail destinations in Bengaluru. This strategic expansion reinforces the brand’s commitment to bringing design-led, premium living experiences closer to customers. The expansion includes two Sofas & More by Stanley stores located at Mysore Road and Gunjur, along with a Hilker India store at Electronic City--each offering a distinct and immersive retail experience tailored to evolving consumer preferences.
Karnataka Bank has entered into a strategic partnership with Pine Labs, a top provider of Point-of-Sale (PoS) solutions. Through this partnership, the bank aims to strengthen digital payment options for its customers. This partnership aligns with the banks’ vision of becoming the ‘Digital Bank of the Future'. Pine Labs offers user-friendly and reliable PoS solutions that plays a vital role in today's digital payment ecosystem. This collaboration will enable the bank’s Retail and MSME customers to seamlessly access advanced PoS terminals, thereby promoting digital adoption and driving mutual growth.

