< -5%

-5% to -3%

Samkrg Pistons

Menon Pistons

Federal-Mogul

-3% to 0%

Shriram Pistons

0% to 3%

3% to 5%

A 2,000-year-old Buddhist site was discovered in Zehanpora, Baramulla, J&K., Excavation revealed stupas and monastic buildings from the Kushan period., PM Modi called the find a proud moment for India's cultural heritage.

* A 2,000-year-old Buddhist site was discovered in Zehanpora, Baramulla, J&K.
* Excavation revealed stupas and monastic buildings from the Kushan period.
* PM Modi called the find a proud moment for India's cultural heritage.

A 2,000-year-old Buddhist site was discovered in Zehanpora, Baramulla, Jammu and Kashmir, revealing stupas and monastic structures from the Kushan period. PM Modi called it a proud moment, highlighting Kashmir’s deep Buddhist heritage and ancient legacy.

shorts/india/archaeologists-uncover-2000-year-old-buddhist-site-in-kashmir-pm-modi-calls-it-proud-moment

<a href="https://www.moneycontrol.com/india/stockpricequote/cables-powerothers/diamondpowerinfrastructure/DC05">Diamond Power Infrastructure</a> share price gained 1 percent in the early trade on December 29 following the company received power cables supply worth Rs 66.18 crore.

At 09:19am, Diamond Power Infrastructure was quoting at Rs 141.70, up Rs 1.75, or 1.25 percent, on the BSE.

".... has received a letter of intent from Hild Projects, EPC contractor for supply of power cables worth Rs 66,18,25,690 exclusive GST," company said in its press release.

The purchased order has been awarded on Kms rate basis with PV Formulae which is to be executed between January 1, 2026 to June 30, 2026.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-start-liveblog-13745766.html">Catch all the market action on our live blog</a>

Earlier in this month the company received a letter of intent from Bondada Engineering for supply of power cables worth Rs 55,54,00,000.

Also, received a letter of intent worth Rs 57,58,40,000 from Rajesh Power Services to supply cables.

In the previous trading session, the share closed at Rs 139.95, down Rs 1.05, or 0.74 percent.

The share touched a 52-week high of Rs 185.10 and a 52-week low of Rs 81.00 on 17 July, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 24.39 percent below its 52-week high and 72.78 percent above its 52-week low.

The market capitalisation of the company stands at Rs 7,374.96 crore.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Diamond Power Infrastructure shares gain on power cables supply order

Diamond Power Infrastructure share price gained 1 percent in the early trade on December 29 following the company received power cables supply worth Rs 66.18 crore.

At 09:19am, Diamond Power Infrastructure was quoting at Rs 141.70, up Rs 1.75, or 1.25 percent, on the BSE.

&quot;.... has received a letter of intent from Hild Projects, EPC contractor for supply of power cables worth Rs 66,18,25,690 exclusive GST,&quot; company said in its press release.

The purchased order has been awarded on Kms rate basis with PV Formulae which is to be executed between January 1, 2026 to June 30, 2026.

Catch all the market action on our live blog

Earlier in this month the company received a letter of intent from Bondada Engineering for supply of power cables worth Rs 55,54,00,000.

Also, received a letter of intent worth Rs 57,58,40,000 from Rajesh Power Services to supply cables.

In the previous trading session, the share closed at Rs 139.95, down Rs 1.05, or 0.74 percent.

The share touched a 52-week high of Rs 185.10 and a 52-week low of Rs 81.00 on 17 July, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 24.39 percent below its 52-week high and 72.78 percent above its 52-week low.

The market capitalisation of the company stands at Rs 7,374.96 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/avantel/A19">Avantel</a> share price rose marginally in the early trade on December 29 following a contract win worth of Rs 4.16 crore  for CAMC of satcom equipment’s from Ministry of Defence, Headquarters Naval Aviation.

At 09:18am, Avantel was quoting at Rs 160.25, up Rs 0.40, or 0.25 percent, on the BSE.

Earlier in this month, the company received a purchase order worth of Rs 13.82 crore for supply of satcom hub equipment’s from Centre For Railway Information Systems (CRIS).

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-start-liveblog-13745766.html">Catch all the market action on our live blog</a>

Last month, company received a purchase order worth of Rs 17.55 crores for supply of communication systems and purchase order worth of Rs 8.03 crores for supply of power amplifiers from Bharat Electronics.

In the previous trading session, the share closed at Rs 159.85, down Rs 1.80, or 1.11 percent.

The share touched a 52-week high of Rs 215.00 and a 52-week low of Rs 90.33 on 10 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 25.65 percent below its 52-week high and 76.96 percent above its 52-week low.

The market capitalisation of the company stands at Rs 4,243.49 crore.

Avantel wins contract from Defence Ministry; shares up marginally

Avantel share price rose marginally in the early trade on December 29 following a contract win worth of Rs 4.16 crore  for CAMC of satcom equipment’s from Ministry of Defence, Headquarters Naval Aviation.

At 09:18am, Avantel was quoting at Rs 160.25, up Rs 0.40, or 0.25 percent, on the BSE.

Earlier in this month, the company received a purchase order worth of Rs 13.82 crore for supply of satcom hub equipment’s from Centre For Railway Information Systems (CRIS).

Catch all the market action on our live blog

Last month, company received a purchase order worth of Rs 17.55 crores for supply of communication systems and purchase order worth of Rs 8.03 crores for supply of power amplifiers from Bharat Electronics.

In the previous trading session, the share closed at Rs 159.85, down Rs 1.80, or 1.11 percent.

The share touched a 52-week high of Rs 215.00 and a 52-week low of Rs 90.33 on 10 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 25.65 percent below its 52-week high and 76.96 percent above its 52-week low.

The market capitalisation of the company stands at Rs 4,243.49 crore.

Stocks like Coforge, Vedanta, Suzlon Energy, Akums Drugs and Pharmaceuticals, Diamond Power Infrastructure, Solarworld Energy Solutions, Punjab National Bank, and Timex Group India will be in focus on December 29.

shorts/business/stocks-to-watch-today-coforge-vedanta-diamond-power-solarworld-energy-timex-group-india-stylam-vikran-engg-suzlon-in-focus-on-29-december

Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, acquisitions, and appointments, here’s a quick look at which stocks will be in focus in today's trade:

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/coforge/NII02">Coforge</a>

Coforge has signed a definitive agreement to acquire 100% shares of Encora from Advent International, Warburg Pincus, and other minority shareholders for Rs 17,032.6 crore. The enterprise value of the transaction is $2.35 billion.

The Board has approved the raising of funds of up to $550 million via a qualified institutional placement (QIP), which will be used to repay the term loan in Encora.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/sigachiindustries/SIL19">Sigachi Industries</a>

Amit Raj Sinha, Managing Director &amp; CEO of the company, was remanded on December 27 in connection with the ongoing investigation relating to the fire incident at the company’s Hyderabad unit in Pashamylaram, which occurred on June 30 this year.

The company has taken all necessary measures to ensure the continuity of its operations and day-to-day activities. In the interim, Lijo Stephen Chacko, Deputy Group CEO, will oversee the company’s operations.

Additionally, the Board will meet on December 31 to consider the raising of funds through the issuance of non-convertible debentures on a private placement basis.

<a href="https://www.moneycontrol.com/india/stockpricequote/hotels/viceroyhotels/VH04">Viceroy Hotels</a>

The shareholders of Viceroy Hotels have approved the acquisition of SLN Terminus Hotels and Resorts for Rs 206 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/lloydsenterprises/SGT">Lloyds Enterprises</a>

The company has entered into loan agreements to avail financial assistance of Rs 361 crore to meet the balance consideration toward the conversion of warrants of Lloyds Metals and Energy held by the company.

Additionally, the company’s subsidiary, Lloyds Engineering Works, has amended the Share Purchase Agreement originally entered into on July 30, 2024, for the acquisition of the remaining 12% equity stake in Techno Industries.

After completion of the acquisition, Lloyds Engineering Works will hold a 100% stake in Techno Industries.

<a href="https://www.moneycontrol.com/india/stockpricequote/miningminerals/vedanta/SG">Vedanta</a>

The company has been declared the successful bidder for the Depo Graphite–Vanadium block under the critical mineral auctions.

The receipt of the successful bidder status for the Depo Graphite–Vanadium block will further strengthen the company’s critical minerals portfolio.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/suzlonenergy/SE17">Suzlon Energy</a>

Vivek Srivastava has resigned as the Chief Executive Officer (CEO) – WTG Division of the company, effective December 26.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/akumsdrugspharmaceuticals/ADP03">Akums Drugs and Pharmaceuticals</a>

Rajkumar Bafna, President – Finance, designated as senior management personnel of the company, has resigned from his position effective December 31 due to personal reasons.

<a href="https://www.moneycontrol.com/india/stockpricequote/cables-powerothers/diamondpowerinfrastructure/DC05">Diamond Power Infrastructure</a>

The company has received a letter of intent from Hild Projects, an EPC contractor, for the supply of power cables worth Rs 66.18 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/avantel/A19">Avantel</a>

The company has received a contract worth Rs 4.16 crore for CAMC of Satcom equipment from the Ministry of Defence, Headquarters Naval Aviation.

<a href="https://www.moneycontrol.com/india/stockpricequote/renewables/solarworldenergysolutions/SESL">Solarworld Energy Solutions</a>

The company has received a letter of award for an engineering, procurement, and construction (EPC) package for the development of a 250 MWac grid-connected solar PV project worth Rs 725.33 crore from NTPC Renewable Energy.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/punjabnationalbank/PNB05">Punjab National Bank</a>

The bank has reported a borrowal fraud of Rs 2,434 crore to the RBI against the erstwhile promoters of SREI Equipment Finance and SREI Infrastructure Finance.

These companies were successfully resolved under the Corporate Insolvency Resolution Process (CIRP) by the NCLT.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/timexgroupindia/TGI">Timex Group India</a>

Promoter Timex Group Luxury Watches BV will sell an 8.93% stake in the company via an offer-for-sale (OFS) on December 29–30.

The base issue size of the OFS is 4.47% equity (45.09 lakh shares), with a green shoe option of an additional 4.47% equity stake (45.09 lakh shares). The floor price has been fixed at Rs 275 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/nbccindia/NBC01">NBCC (India)</a>

A settlement has been reached between NBCC (India) and the Government of NCT of Delhi (GNCTD) to resolve the long-pending litigation regarding land admeasuring 42.46 acres in Sultanpur/Ghitorni village, Delhi.

As per the settlement, the total 42.46-acre Ghitorni land will be equally divided between NBCC and GNCTD, resulting in a 21.23-acre share for NBCC.

Further, for this 21.23 acres of land, GNCTD will execute a perpetual lease deed in favour of NBCC.

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering-construction/vikranengineering/VEL01">Vikran Engineering</a>

The company has accepted Letters of Award (LOAs) from MP Urja Vikas Nigam for the implementation of grid-connected solar PV-based power plants with a total capacity of 45.75 MW AC in Vidisha, Madhya Pradesh.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/stylamindustries/GL02">Stylam Industries</a>

Aica Kogyo Company has announced an open offer to acquire up to 44.06 lakh shares (representing a 26% equity stake) in Stylam Industries at Rs 2,250 per share.

Assuming full acceptance of the open offer, the total consideration payable by Aica Kogyo Company will be Rs 991.46 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/shipping/greateasternshippingcompany/GES">The Great Eastern Shipping Company</a>

The company has contracted to sell its 2002-built very large gas carrier, Jag Vishnu, of about 77,922 cbm, to an unaffiliated third party. The vessel will be delivered to the new buyer in Q4 FY26.

Bulk Deals

Roadstar Infra Investment Trust

WhiteOak Capital Mutual Fund has bought 1.17 crore units (equivalent to 2.57% of outstanding units) for Rs 70.5 crore at Rs 60 per unit.

However, JC Flowers Asset Reconstruction, the existing shareholder, offloaded 1.2 crore units (a 2.63% stake) in the infrastructure investment trust for Rs 71.99 crore at Rs 59.99 per unit.

<a href="https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/ravelcare/RL09">Ravelcare</a>

NAV Capital VCC – NAV Capital Emerging Star Fund has acquired 35,000 equity shares for Rs 49.47 lakh at Rs 141.35 per share, while Navbharat Investment Opportunities Fund bought 50,000 shares for Rs 68.22 lakh at Rs 136.45 per share. Additionally, Vineet Arora, the founder of both funds, picked up 35,000 shares for Rs 49.01 lakh at Rs 140.04 per share.

As of December 5, 2025, Navbharat Investment Opportunities Fund held a 1.12% stake, and NAV Capital VCC, through NAV Capital Emerging Star AAICN2612C, held a 2.04% stake in Ravelcare, the beauty and personal care brand.

Stock Trades Ex-Date for Consolidation of Shares

Caspian Corporate Services

Stock in F&amp;O ban

Sammaan Capital

Stocks to Watch Today: Coforge, Vedanta, Diamond Power, Solarworld Energy, Timex Group India, Stylam, Vikran Engg, Suzlon in focus on 29 December

Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, acquisitions, and appointments, here’s a quick look at which stocks will be in focus in today's trade:

Stocks to Watch

Coforge

Coforge has signed a definitive agreement to acquire 100% shares of Encora from Advent International, Warburg Pincus, and other minority shareholders for Rs 17,032.6 crore. The enterprise value of the transaction is $2.35 billion.

The Board has approved the raising of funds of up to $550 million via a qualified institutional placement (QIP), which will be used to repay the term loan in Encora.

Sigachi Industries

Amit Raj Sinha, Managing Director &amp;amp; CEO of the company, was remanded on December 27 in connection with the ongoing investigation relating to the fire incident at the company’s Hyderabad unit in Pashamylaram, which occurred on June 30 this year.

The company has taken all necessary measures to ensure the continuity of its operations and day-to-day activities. In the interim, Lijo Stephen Chacko, Deputy Group CEO, will oversee the company’s operations.

Additionally, the Board will meet on December 31 to consider the raising of funds through the issuance of non-convertible debentures on a private placement basis.

Viceroy Hotels

The shareholders of Viceroy Hotels have approved the acquisition of SLN Terminus Hotels and Resorts for Rs 206 crore.

Lloyds Enterprises

The company has entered into loan agreements to avail financial assistance of Rs 361 crore to meet the balance consideration toward the conversion of warrants of Lloyds Metals and Energy held by the company.

Additionally, the company’s subsidiary, Lloyds Engineering Works, has amended the Share Purchase Agreement originally entered into on July 30, 2024, for the acquisition of the remaining 12% equity stake in Techno Industries.

After completion of the acquisition, Lloyds Engineering Works will hold a 100% stake in Techno Industries.

Vedanta

The company has been declared the successful bidder for the Depo Graphite–Vanadium block under the critical mineral auctions.

The receipt of the successful bidder status for the Depo Graphite–Vanadium block will further strengthen the company’s critical minerals portfolio.

Suzlon Energy

Vivek Srivastava has resigned as the Chief Executive Officer (CEO) – WTG Division of the company, effective December 26.

Akums Drugs and Pharmaceuticals

Rajkumar Bafna, President – Finance, designated as senior management personnel of the company, has resigned from his position effective December 31 due to personal reasons.

Diamond Power Infrastructure

The company has received a letter of intent from Hild Projects, an EPC contractor, for the supply of power cables worth Rs 66.18 crore.

Avantel

The company has received a contract worth Rs 4.16 crore for CAMC of Satcom equipment from the Ministry of Defence, Headquarters Naval Aviation.

Solarworld Energy Solutions

The company has received a letter of award for an engineering, procurement, and construction (EPC) package for the development of a 250 MWac grid-connected solar PV project worth Rs 725.33 crore from NTPC Renewable Energy.

Punjab National Bank

The bank has reported a borrowal fraud of Rs 2,434 crore to the RBI against the erstwhile promoters of SREI Equipment Finance and SREI Infrastructure Finance.

These companies were successfully resolved under the Corporate Insolvency Resolution Process (CIRP) by the NCLT.

Timex Group India

Promoter Timex Group Luxury Watches BV will sell an 8.93% stake in the company via an offer-for-sale (OFS) on December 29–30.

The base issue size of the OFS is 4.47% equity (45.09 lakh shares), with a green shoe option of an additional 4.47% equity stake (45.09 lakh shares). The floor price has been fixed at Rs 275 per share.

NBCC (India)

A settlement has been reached between NBCC (India) and the Government of NCT of Delhi (GNCTD) to resolve the long-pending litigation regarding land admeasuring 42.46 acres in Sultanpur/Ghitorni village, Delhi.

As per the settlement, the total 42.46-acre Ghitorni land will be equally divided between NBCC and GNCTD, resulting in a 21.23-acre share for NBCC.

Further, for this 21.23 acres of land, GNCTD will execute a perpetual lease deed in favour of NBCC.

Vikran Engineering

The company has accepted Letters of Award (LOAs) from MP Urja Vikas Nigam for the implementation of grid-connected solar PV-based power plants with a total capacity of 45.75 MW AC in Vidisha, Madhya Pradesh.

Stylam Industries

Aica Kogyo Company has announced an open offer to acquire up to 44.06 lakh shares (representing a 26% equity stake) in Stylam Industries at Rs 2,250 per share.

Assuming full acceptance of the open offer, the total consideration payable by Aica Kogyo Company will be Rs 991.46 crore.

The Great Eastern Shipping Company

The company has contracted to sell its 2002-built very large gas carrier, Jag Vishnu, of about 77,922 cbm, to an unaffiliated third party. The vessel will be delivered to the new buyer in Q4 FY26.

Bulk Deals

Roadstar Infra Investment Trust

WhiteOak Capital Mutual Fund has bought 1.17 crore units (equivalent to 2.57% of outstanding units) for Rs 70.5 crore at Rs 60 per unit.

However, JC Flowers Asset Reconstruction, the existing shareholder, offloaded 1.2 crore units (a 2.63% stake) in the infrastructure investment trust for Rs 71.99 crore at Rs 59.99 per unit.

Ravelcare

NAV Capital VCC – NAV Capital Emerging Star Fund has acquired 35,000 equity shares for Rs 49.47 lakh at Rs 141.35 per share, while Navbharat Investment Opportunities Fund bought 50,000 shares for Rs 68.22 lakh at Rs 136.45 per share. Additionally, Vineet Arora, the founder of both funds, picked up 35,000 shares for Rs 49.01 lakh at Rs 140.04 per share.

As of December 5, 2025, Navbharat Investment Opportunities Fund held a 1.12% stake, and NAV Capital VCC, through NAV Capital Emerging Star AAICN2612C, held a 2.04% stake in Ravelcare, the beauty and personal care brand.

Stock Trades Ex-Date for Consolidation of Shares

Caspian Corporate Services

Stock in F&amp;amp;O ban

Sammaan Capital

Roadstar Infra Investment Trust units were under pressure on Friday, falling 11.29 percent to Rs 62.10 amid big volumes on the BSE.

The Jana Nayagan audio launch, titled "Thalapathy Thiruvizha," will be held at Malaysia's Bukit Jalil Stadium on Dec 27, 2025, as a grand tribute to Vijay before his political career. The event features live music, star performances, and strict non-political rules.

shorts/business/whiteoak-capital-mf-picks-up-2-6-stake-in-roadstar-infra-investment-trust-nav-capital-buys-additional-1-7-shares-in-ravelcare

WhiteOak Capital Mutual Fund, a part of Prashant Khemka founded WhiteOak Capital Group, has acquired 2.57 percent stake in Roadstar Infra Investment Trust via open market transactions on December 26.

Roadstar Infra Investment Trust units were under pressure on Friday, falling 11.29 percent to Rs 62.10 amid big volumes on the BSE.

WhiteOak Capital Mutual Fund has bought 1.17 crore units (equivalent to 2.57 percent of outstanding units) for Rs 70.5 crore at Rs 60 per unit, as per the bulk deals data published on December 26.

However, JC Flowers Asset Reconstruction, the existing shareholder, offloaded 1.2 crore units (2.63 percent stake) in the infrastructure investment trust for Rs 71.99 crore at Rs 59.99 per unit.

The action was also seen in Ravelcare shares on Friday, which rallied 19.43 percent to Rs 140.75 after significant buying by NAV Capital.

NAV Capital VCC - NAV Capital Emerging Star Fund has acquired 35,000 equity shares for Rs 49.47 lakh at Rs 141.35 per share, and Navbharat Investment Opportunities Fund bought 50,000 shares for Rs 68.22 crore at Rs 136.45 per share, while founder of both these funds - Vineet Arora picked up 35,000 shares for Rs 49.01 lakh at Rs 140.04 per share.

As of December 5, 2025, Navbharat Investment Opportunities Fund was holding 1.12 percent stake and NAV Capital VCC through NAV Capital Emerging Star AAICN2612C 2.04 percent shares in <a href="https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/ravelcare/RL09">Ravelcare</a>, the beauty and personal care brand.

Meanwhile, Capacious Wealth Management bought 3.28 lakh shares in <a href="https://www.moneycontrol.com/india/stockpricequote/engineering-construction/marctechnocrats/MTL08">Marc Technocrats</a>, the infrastructure consultancy services provider, for Rs 2.2 crore at Rs 67.2 per share.

WhiteOak Capital MF picks up 2.6% stake in Roadstar Infra Investment Trust, NAV Capital buys additional 1.7% shares in Ravelcare

WhiteOak Capital Mutual Fund, a part of Prashant Khemka founded WhiteOak Capital Group, has acquired 2.57 percent stake in Roadstar Infra Investment Trust via open market transactions on December 26.

Roadstar Infra Investment Trust units were under pressure on Friday, falling 11.29 percent to Rs 62.10 amid big volumes on the BSE.

WhiteOak Capital Mutual Fund has bought 1.17 crore units (equivalent to 2.57 percent of outstanding units) for Rs 70.5 crore at Rs 60 per unit, as per the bulk deals data published on December 26.

However, JC Flowers Asset Reconstruction, the existing shareholder, offloaded 1.2 crore units (2.63 percent stake) in the infrastructure investment trust for Rs 71.99 crore at Rs 59.99 per unit.

The action was also seen in Ravelcare shares on Friday, which rallied 19.43 percent to Rs 140.75 after significant buying by NAV Capital.

NAV Capital VCC - NAV Capital Emerging Star Fund has acquired 35,000 equity shares for Rs 49.47 lakh at Rs 141.35 per share, and Navbharat Investment Opportunities Fund bought 50,000 shares for Rs 68.22 crore at Rs 136.45 per share, while founder of both these funds - Vineet Arora picked up 35,000 shares for Rs 49.01 lakh at Rs 140.04 per share.

As of December 5, 2025, Navbharat Investment Opportunities Fund was holding 1.12 percent stake and NAV Capital VCC through NAV Capital Emerging Star AAICN2612C 2.04 percent shares in Ravelcare, the beauty and personal care brand.

Meanwhile, Capacious Wealth Management bought 3.28 lakh shares in Marc Technocrats, the infrastructure consultancy services provider, for Rs 2.2 crore at Rs 67.2 per share.

Manappuram Finance to invest Rs 250 crore in Asirvad Micro Finance, Buvanesh Tharashankar appointed as Group CFO, Board approves increase in borrowing limit to Rs 75,000 crore

* Manappuram Finance to invest Rs 250 crore in Asirvad Micro Finance
* Buvanesh Tharashankar appointed as Group CFO
* Board approves increase in borrowing limit to Rs 75,000 crore

Manappuram Finance approved a Rs 250 crore investment in subsidiary Asirvad Micro Finance, raised its stake to 98.56%, appointed Buvanesh Tharashankar as Group CFO, and increased its borrowing limit to Rs 75,000 crore. Shares closed with marginal losses.

shorts/business/manappuram-finance-to-invest-rs-250-crore-in-subsidiary-appoints-new-group-cfo

* Manappuram Finance to invest Rs 250 crore in Asirvad Micro Finance
* Buvanesh Tharashankar appointed as Group CFO
* Board approves increase in borrowing limit to Rs 75,000 crore

Manappuram Finance on December 26 announced that its board has considered and approved an additional investment of Rs 250 crore in its subsidiary Asirvad Micro Finance. It also announced that it has appointed Buvanesh Tharashankar as the Group Chief Financial Officer.

The shares of the company closed in the red with marginal losses at Rs 313.90 apiece, snapping a six-session gaining streak.
<h3>Manappuram Finance's board okays investment in unit:</h3>
The company's board on December 26 considered and approved the plan to invest up to Rs 250 crore in its subsidiary Asirvad Micro Finance Limited in one or more tranches.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-leasinghire-purchase/manappuramfinance/MGF01">Manappuram Finance</a> in February 2015 had acquired Tamil Nadu-based Asirvad Micro Finance with an AUM of about Rs 300 crore. Since its takeover, the AUM of the company has reached Rs 8,189 crore, according to the company's website.

The company will increase its stake in the subsidiary to 98.56 percent from 98.31 percent at Rs 51 per share.

The NBFC primarily offers microfinance loans to low-income women, fulfilling the credit aspirations of the unbanked and socially and economically disadvantaged population. Additionally, it provides MSME loans and loans against gold, which has seen a significant surge this year.
<h3>Manappuram Finance appoints new Group CFO:</h3>
Manappuram Finance's board has approved the appointment of Buvanesh Tharashankar as the Group Chief Financial Officer of the company. The Chartered Accountant, who comes with nearly three decades of experience across leading banking and financial services institutions, has served senior roles across <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/rblbank/RB03">RBL Bank</a>, Jana Small Finance Bank, Citibank in India and overseas.

"In his role as Group CFO, Buvanesh will provide strategic financial leadership across the Manappuram Group. He will work closely with the leadership team to strengthen financial governance, support long-term business strategy, enhance capital efficiency and enable sustainable value creation while ensuring strong regulatory and compliance standards," the company said.

His appointment has taken effect from today. Notably, Bindu AL shall continue to hold the position of Manappuram Finance's Chief Financial Officer and Key Managerial Personnel.
<h3>Manappuram Finance's board okays proposal to hike borrowing limit:</h3>
Manappuram Finance added that its board has approved the plan to increase the borrowing limit of the company to up to Rs 75,000 crore.
<h3>Manappuram Finance share price history:</h3>
Manappuram Finance shares have gained more than 9 percent in the past five days. Earlier during the day, the stock extended its sharp gaining streak to hit a 52-week high of Rs 318.90 apiece before losing steam.

The stock has gained more than 14 percent in the past six months, and is up around 64 percent in 2025 so far. Its P/E ratio stands at over 34.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-muted-start-asian-markets-trade-higher-liveblog-13742638.html">LIVE updates</a> from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Manappuram Finance to invest Rs 250 crore in Asirvad MFI, appoints new Group CFO

Manappuram Finance on December 26 announced that its board has considered and approved an additional investment of Rs 250 crore in its subsidiary Asirvad Micro Finance. It also announced that it has appointed Buvanesh Tharashankar as the Group Chief Financial Officer.

The shares of the company closed in the red with marginal losses at Rs 313.90 apiece, snapping a six-session gaining streak.
Manappuram Finance's board okays investment in unit:
The company's board on December 26 considered and approved the plan to invest up to Rs 250 crore in its subsidiary Asirvad Micro Finance Limited in one or more tranches.

Manappuram Finance in February 2015 had acquired Tamil Nadu-based Asirvad Micro Finance with an AUM of about Rs 300 crore. Since its takeover, the AUM of the company has reached Rs 8,189 crore, according to the company's website.

The company will increase its stake in the subsidiary to 98.56 percent from 98.31 percent at Rs 51 per share.

The NBFC primarily offers microfinance loans to low-income women, fulfilling the credit aspirations of the unbanked and socially and economically disadvantaged population. Additionally, it provides MSME loans and loans against gold, which has seen a significant surge this year.
Manappuram Finance appoints new Group CFO:
Manappuram Finance's board has approved the appointment of Buvanesh Tharashankar as the Group Chief Financial Officer of the company. The Chartered Accountant, who comes with nearly three decades of experience across leading banking and financial services institutions, has served senior roles across RBL Bank, Jana Small Finance Bank, Citibank in India and overseas.

&quot;In his role as Group CFO, Buvanesh will provide strategic financial leadership across the Manappuram Group. He will work closely with the leadership team to strengthen financial governance, support long-term business strategy, enhance capital efficiency and enable sustainable value creation while ensuring strong regulatory and compliance standards,&quot; the company said.

His appointment has taken effect from today. Notably, Bindu AL shall continue to hold the position of Manappuram Finance's Chief Financial Officer and Key Managerial Personnel.
Manappuram Finance's board okays proposal to hike borrowing limit:
Manappuram Finance added that its board has approved the plan to increase the borrowing limit of the company to up to Rs 75,000 crore.
Manappuram Finance share price history:
Manappuram Finance shares have gained more than 9 percent in the past five days. Earlier during the day, the stock extended its sharp gaining streak to hit a 52-week high of Rs 318.90 apiece before losing steam.

The stock has gained more than 14 percent in the past six months, and is up around 64 percent in 2025 so far. Its P/E ratio stands at over 34.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Auto Ancillaries - Pistons Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Auto Ancillaries - Pistons industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Diamond Power Infrastructure shares gain on power cables supply order

Avantel wins contract from Defence Ministry; shares up marginally

Stocks to Watch Today: Coforge, Vedanta, Diamond Power, Solarworld Energy, Timex Group India, Stylam, Vikran Engg, Suzlon in focus on 29 December

WhiteOak Capital MF picks up 2.6% stake in Roadstar Infra Investment Trust, NAV Capital buys additional 1.7% shares in Ravelcare

Manappuram Finance to invest Rs 250 crore in Asirvad MFI, appoints new Group CFO

Auto Ancillaries - Pistons Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Auto Ancillaries - Pistons industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Diamond Power Infrastructure shares gain on power cables supply order

Avantel wins contract from Defence Ministry; shares up marginally

Stocks to Watch Today: Coforge, Vedanta, Diamond Power, Solarworld Energy, Timex Group India, Stylam, Vikran Engg, Suzlon in focus on 29 December

WhiteOak Capital MF picks up 2.6% stake in Roadstar Infra Investment Trust, NAV Capital buys additional 1.7% shares in Ravelcare

Manappuram Finance to invest Rs 250 crore in Asirvad MFI, appoints new Group CFO

Auto Ancillaries - Pistons Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Auto Ancillaries - Pistons industry stocks.