A host of stocks will be on investors’ radar on Tuesday as companies announced major corporate developments ranging from Mylan’s planned exit from Biocon and Grasim’s renewable energy acquisition to fresh defence orders for BEL, project wins for EMS and Welspun, strategic acquisitions, regulatory updates and patent approvals.
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Biocon will remain in focus on Tuesday as Viatris-owned Mylan plans to sell a 5.64 per cent stake or 9.2 crore shares in the Bengaluru-based company through block deals today. According to a term sheet seen by businessline, the floor price for the transaction has been fixed at ₹378.50 per share, representing a 7.9 per cent discount to the current market price of ₹410.95. At the floor price, the deal size would be around ₹3,480 crore. This will mark Mylan’s complete exit from the company. In January 2026, Biocon acquired Mylan’s stake in Biocon Biologics through a combination of a share swap and cash consideration. As part of the transaction, Mylan had received a preferential allotment of Biocon shares.ABRen acquires Shell-backed Sprng Energy in ₹17,200-crore renewable energy dealAditya Birla Renewables (ABRen), a subsidiary of Grasim Industries, has signed a definitive agreement to acquire Sprng Energy (formerly Solenergi Power) from Shell Overseas Investment BV, a wholly owned subsidiary of Shell Plc. In one of the largest acquisitions in India’s renewable energy sector, the transaction values the business at an enterprise value of Rs. 17,200 crore. The equity consideration payable to the seller will be determined after adjusting for debt, cash and other items as specified in the transaction documents, Grasim Industries said in a statement on Monday.Route Connect to acquire AI customer engagement platform HeltarRoute Mobile Ltd, a global leader in Communications Platform as a Service (CPaaS) offering messaging, voice, email, and identity and verification solutions, and a Proximus Global company, has announced that its wholly owned subsidiary, Route Connect Private Limited, has signed a Business Transfer Agreement (BTA) to acquire the identified business undertaking of Heltar Technologies Private Limited (“Heltar”), an AI-driven omni-channel customer engagement platform provider, on a slump sale basis.EMS emerges lowest bidder for ₹105.81-crore UP sewerage projectWater and wastewater infrastructure management company EMS has announced that it has emerged as the lowest bidder (L-1) for a major municipal sewerage infrastructure project in Uttar Pradesh. The domestic contract was awarded by the state government utility body, UP Jal Nigam (Urban), Varanasi. The total estimated value of the infrastructure order stands at approximately ₹105.81 crore, excluding Goods and Services Tax (GST).Butterfly Gandhimathi secures 20-year patent for gas cooktop safety innovationButterfly Gandhimathi Appliances Limited has been granted a patent for an invention titled “improvised safety knob for gas cooktops.” This patent has been officially granted for 20 years, effective from 29/12/2021 in accordance with the provisions of the Patents Act, 1970.Captain Polyplast wins ₹23.6-crore PM KUSUM solar pump orderCaptain Polyplast Ltd, a micro-irrigation solutions company with a diversified presence in the solar EPC market, has received an order for 1,000 solar pumps under the PM KUSUM B scheme from MSEDCL, with an aggregate order value of ₹23.6 crore (inclusive of GST).Timken India receives four BIS licences for bearingsTimken India Ltd has announced that it has been awarded four Bureau of Indian Standards (BIS) licenses for its bearings.BEL bags fresh orders worth ₹572 croreBharat Electronics has secured additional orders worth Rs. 572 crore since the last disclosure on 22nd June 2026. Major orders received include communication equipment, avionics, encryptors, tank sub systems, EVM, batteries, components, upgrades, spares, services, etc.Emcure to make Gennova a wholly owned subsidiaryEmcure Pharmaceuticals has announced the consolidation of its shareholding in biopharma subsidiary Gennova Biopharmaceuticals Ltd, alongside a leadership transition, as it sharpens its focus as a biologics and biosimilars company. Emcure is acquiring the entire 12.05% minority stake in Gennova held by Dr Sanjay Singh and others, taking its ownership to 100% and making Gennova a wholly owned subsidiary.USFDA warning letter to Alembic linked to informed consent issueAlembic Pharmaceuticals has informed the exchanges that the United States Food and Drug Administration (USFDA) has issued a warning letter to the Clinical Investigator associated with a bioequivalence study conducted at the company’s facility. The inspection was conducted by the USFDA from March 3 to 7, 2025. The warning letter pertains to an observation regarding the Informed Consent Form (ICF) for a bioequivalence study. The observations do not relate to data integrity.Blue Cloud US arm signs five-year AI services pact with SpaceX InternationalBlue Cloud Softech Solutions has announced that its United States subsidiary, Blue Cloud Softech Solutions Ltd - US, has executed a five-year Master Services Agreement with SpaceX International Ltd, MY. Under the Agreement, BCSSL-USA may provide Artificial Intelligence (AI) infrastructure, cloud-native AI platforms, enterprise AI solutions, AI consulting, AI integration, AI operations and related AI-enabled digital transformation services, subject to mutually agreed Statements of Work and the terms of the Master Services Agreement.Welspun subsidiary signs pact for ₹7,300-crore Maharashtra highway projectWelspun Pune Shirur Projects Ltd. (WPSPL), a wholly owned subsidiary of Welspun Enterprises, has signed a sub-concession agreement with the Maharashtra State Infrastructure Development Corporation Ltd. (MSIDC) and the Government of Maharashtra for a ₹7,300 crore highway project in the state.Published on July 14, 2026
