REPLUS Receives ₹43 Crore Funding Under Government’s Flagship Research Development and Innovation Scheme (RDI Scheme)

                                                                       

 

National| 6 August, 2026: Reinforcing its commitment to indigenous innovation and next-generation energy storage technologies, REPLUS Engitech, a subsidiary of Bhilwara Energy, has been selected under the Government of India's prestigious Research, Development, and Innovation Scheme (RDI Scheme). As part of this recognition, REPLUS has been awarded ₹43 crore to advance the development of innovative Battery Energy Storage System (BESS) technologies.

The funding will support the company's efforts to drive cutting-edge research, strengthen indigenous technology capabilities, and contribute to India's vision of building a self-reliant and globally competitive clean energy ecosystem. The flagship initiative, administered by the Department of Science and Technology (DST), Government of India, is designed to accelerate investments in India's research, development, and innovation ecosystem.

Approved by the Union Cabinet, the Government of India’s RDI Scheme was launched to accelerate investment in research, development, and innovation across strategic sectors, with a total outlay of ₹1 lakh crore over six years. Managed through the Technology Development Board (TDB), the initiative supports technology-driven companies working on scalable and commercially viable innovations aligned with India’s long-term industrial and economic priorities.

 

Hiren Pravin Shah, Managing Director and CEO, REPLUS Engitech said, “India’s transition towards sustainable energy will require strong investments in innovation, advanced manufacturing and scalable energy storage solutions. The selection of REPLUS under the RDI Scheme reflects the growing importance of homegrown technology companies in supporting the nation’s long-term energy security and climate ambitions.”

Riju Jhunjhunwala, Vice Chairman of HEG Limited and Managing Director of Bhilwara Energy Limited (BEL) said, “Being selected under the Government of India’s prestigious RDI Fund is an honour and a proud moment for REPLUS. This recognition validates our commitment towards building advanced indigenous energy storage technologies that can support India’s long-term clean energy ambitions. We believe innovation-led manufacturing and scalable battery technologies will play a crucial role in enabling the country’s energy transition journey.

The RDI Scheme has been designed to support transformative technologies across sectors including energy transition, deep technology, artificial intelligence, biotechnology, digital economy, and climate action.

With India witnessing rapid growth in renewable energy deployment, electrification, and advanced manufacturing, REPLUS continues to focus on innovation-driven growth aimed at enabling reliable, efficient, and sustainable energy infrastructure solutions.

 

About REPLUS Engitech Private Limited

REPLUS Engitech Private Limited, a subsidiary of Bhilwara Energy Limited, is a leading Indian technology company driving innovation in Battery Energy Storage Systems (BESS) and advanced lithium-ion battery solutions. Focused on enabling the clean energy transition, the company develops intelligent, safe, and high-performance energy storage solutions powered by indigenous engineering capabilities, including in-house Battery Management Systems (BMS) and Energy Management Systems (EMS).

REPLUS offers a comprehensive portfolio of AI-enabled lithium-ion battery solutions for stationary energy storage across residential, commercial, industrial, utility-scale, transmission & distribution, telecom, and hybrid energy applications. The company also serves the rapidly growing e-mobility sector with advanced battery solutions for electric three-wheelers, light commercial vehicles (LCVs), electric trucks, electric buses, and automated guided vehicles (AGVs).

Operating from its state-of-the-art, fully automated 1 GWh battery manufacturing facility in Pune, with expansion underway to 6 GWh, REPLUS combines world-class manufacturing with cutting-edge technology to deliver reliable and scalable energy storage solutions. Having successfully commissioned over 200 MWh of Battery Energy Storage System (BESS) projects across India and global markets, with more than 1 GWh of projects currently under execution, REPLUS continues to strengthen its leadership as one of India's fastest growing and most trusted Battery Energy Storage System solution providers.

In the e-mobility segment, REPLUS has developed India's first AIS-certified battery pack for Light Commercial Vehicles (LCVs) and has supplied over 5,000 EV battery packs, demonstrating proven performance, reliability, and safety across diverse operating conditions.

To know more, visit https://replusengitech.com/

 

Singapore-based sovereign wealth fund GIC subsidiary’s Gamnat Pte Ltd and Promoter Sunu Mathew lead Rs 371.3 crore investment in Leap India in Pre-IPO round

August 6, 2026 Mumbai – Leap India (formerly known as Leap India Private Limited) (the “Company”), the largest on-demand asset pooling provider in India’s supply chain management sector, has completed its pre-IPO (Initial Public Offering) placement of around ₹ 371.3 crore.  

As per a media advertisement was published in the Financial Express (English) on August 6, 2026. The Company, in consultation with the Book Running Lead Managers to the IPO has undertaken a private placement of 23,351, 100 equity shares for cash considerations, at an issue price of ₹ 159 per equity share (including a premium of ₹ 158 per equity share) which saw participation from Singapore-based sovereign wealth fund GIC subsidiary’s Gamnat Pte Ltd, leading hedge fund Dymon Asia Multi-Strategy Investment (Singapore) Pte Ltd and Promoter Sunu Mathew.

Singapore-based Gamnat Pte Ltd was allocated 17, 610, 000 equity shares of the Company on August 3, 2026 for ₹ 159 per equity share each aggregating to ₹ 279.99 crore. 

Dymon Asia Multi-Strategy Investment (Singapore) Pte Ltd was allotted 3, 144, 600 equity shares each at ₹ 159 per equity share each aggregating to ₹ 49.99 crore. Matyas Possessiones Private Limited, in which promoter Sunu Mathew holds 99% stake, was allotted 1,446, 500 shares each at ₹ 159 per equity share each aggregating to ₹ 22.99 crore.

Leap India IPO opens on Friday, August 7 and closes on Tuesday, August 11. 

Incorporated in 2013, the company utilises its ‘share and reuse’ business model, referred to as pooling, and it is the largest on-demand asset pooling provider in India’s supply chain management sector (based on the number of pooled Assets), according to the F&S Report. As of March 31, 2026, the company has 14.70 million assets and it maintains a pan-India network of 10,100 customer touchpoints. This circular business model of the company supports its customers while reducing environmental impact and enhancing the time and cost efficiency and safety of supply chains for its customers across India.

The company’s service offerings encompass technology-enabled supply chain solutions that suit customer requirements across industries. The company’s solutions help customers to connect different stages of their own value chain, from the point of manufacturing to distribution of goods all the way to the point of sale (retail).

HP Announces the Availability of India-First HP OmniPad 12

Built for the way India works, learns and creates with laptop-like productivity and tablet-like flexibility 

News Highlights

Designed for students, first-time users, and professionals on the move

Comes with a detachable keyboard for a versatile experience 

Qualcomm Snapdragon processors and Android 16 deliver a familiar, intuitive experience

NEW DELHI, August 6, 2026 - HP India today announced the availability of the HP OmniPad 12, an India-first device designed for the way people learn, work, and create. Combining the productivity of a laptop with the portability of a tablet, the HP OmniPad 12 offers users the flexibility to seamlessly switch between work and play.

Designed for students, first-time users, MSMEs and young professionals, the HP OmniPad 12 is built to support modern learning, collaboration and everyday productivity. Whether attending virtual classes, managing business tasks or creating content on the go, the device delivers a versatile 2-in-1 experience that adapts to the needs of today's users. 

Built with versatility at its core, the HP OmniPad 12 features a detachable keyboard, enabling users to effortlessly transition from a touch-first tablet experience to laptop-style productivity. Powered by Qualcomm Snapdragon processors and running on the Android operating system, the device delivers a familiar, intuitive, and responsive experience for everyday computing.

“At HP, we believe technology should reflect the way people use it. The HP OmniPad 12 has been designed specifically for India's diverse and growing user base - from students building new skills to MSMEs running their businesses and first-time users embracing digital opportunities. By combining the productivity of a laptop with the flexibility of a tablet, we've created a device that delivers a simple, intuitive and versatile experience for the way India learns, works and creates,” said Vineet Gehani, Senior Director – Personal Systems, HP India. 

Built for Learning, Work and Everyday Productivity

For students, the device supports virtual learning, note-taking, assignments, reading and content consumption. For MSMEs and professionals on the move, it offers the flexibility to manage documents, customer communication, payments, presentations, video calls and everyday business workflows. To help users get started from day one, the HP OmniPad 12 comes preloaded with leading education and skilling applications, including iPrep (iDream Education), Lexillion (StudyMatix) and Brands.live. 

Key Features: 

Immersive display: A 12-inch 2K multi-touch display features a 16:10 aspect ratio, up to 400 nits of brightness and a refresh rate of up to 90Hz, enabling an immersive experience for reading, note-taking, presentations, entertainment and video calls.

All-day battery life: Up to 18 hours of battery life,, helping users stay productive through a full day of learning, work and collaboration. 

Designed for mobility: Weighing just 600g in tablet mode, the HP OmniPad 12 is designed for mobility across classrooms, homes, offices, shops and customer locations. 

Enhanced collaboration: Quad speakers with DTS Ultra, dual high-SNR microphones, an 8MP front camera and a 13MP rear camera, supporting clearer video meetings, virtual classes, content creation and collaboration. 

Powerful memory and Expandable storage: 8GB LPDDR5 memory, UFS storage options, and an expandable storage of up to 1TB via a microSD media card reader, making it easy to store photos, videos, learning content and work files. 

Reliable connectivity: Stay connected with Qualcomm Wi-Fi 6E, Bluetooth 5.2 and a USB 2.0 Type-C port for seamless connectivity and peripheral support. 

Pricing and Availability:

The HP OmniPad 12 is now available in Denim Blue and Meteor Silver colours across the HP Online Store, Amazon, Reliance, Flipkart, Croma, Vijay Sales and HP World stores at a starting price of Rs. 48,999. It comes with a one-year limited warranty, including parts and labour. 

Launch Offers: 

Get Rs. 5,000 cashback across select banks credit cards 

Get 1-year free subscription worth Rs. 96,000 of GPT 5, Claude4, Gemini 2.5, Perplexity, Grok 4 and DeepSeek on the purchase of HP OmniPad 12 

About HP

HP Inc. (NYSE:HPQ) is a global technology leader redefining the Future of Work. Operating in more than 180 countries, HP delivers innovative and AI-powered devices, software, services and subscriptions that drive business growth and professional fulfillment. For more information, please visit: HP.com.

KidZania India Partners with KT Kids to Launch an Immersive Personal Care Studio for Young Families

The new experience lets children formulate product samples and take on the roles of Display Stylist and Inventory Manager

Mumbai, 2 August 2026: KidZania India, the largest indoor edutainment park in the country, has partnered with KT Kids, a children’s personal care brand with actor Kareena Kapoor Khan as its brand ambassador, to launch the KT Kids Personal Care Studio at KidZania Mumbai. The new role-play experience invites young visitors to explore product-making and retail operations through two interactive roles: Display Stylist and Inventory Manager, offering a hands-on look at how everyday personal care products are created, presented and managed before they reach consumers.

Designed to blend creativity, practical learning and play, the studio introduces children to the often-unseen journey behind everyday personal care products, helping them build skills such as organisation, attention to detail, teamwork, problem-solving and customer-centric thinking. By simulating real-world retail operations in an engaging environment, the experience nurtures confidence, responsibility and creativity, while fostering an appreciation for the processes behind trusted consumer brands.

Speaking on the launch, Tarandeep Singh Sekhon, Chief Business Officer, KidZania India, said, “At KidZania, we believe children don’t just learn about the world by seeing it—they learn by becoming a part of it. The KT Kids Personal Care Studio gives them an opportunity to discover the journey behind products they use every day, while building creativity, responsibility and an appreciation for the thought and teamwork that goes into creating trusted brands. I’d like to thank Dhruv and the entire KT Kids team for believing in this vision and working closely with us to bring this experience to life. The best Purpose Partnerships are the ones where both partners are equally committed to creating something meaningful for kids, and this has been one of them. We are delighted to welcome KT Kids to KidZania Mumbai and look forward to inspiring many young minds together.”

Dhruv Sayani, Founder, KT Kids, said, “Personal care is something children encounter every day, and we wanted this studio to make them curious about it, not just familiar with it. KT Kids has always stood for products that are clinically tested and mother approved, and this experience lets children discover, in a playful way, the same care and thought that goes into every product before it reaches a shelf. When a child formulates a sample, styles a display or manages inventory, they are learning that imagination and responsibility sit right at the start of something a family later trusts. Our partnership with KidZania brings that idea to life for the next generation.”

With the launch of the KT Kids Personal Care Studio, KidZania Mumbai expands its portfolio of immersive role-plays that introduce children to real-world professions and life skills. The studio welcomes visitors at KidZania Mumbai starting 2 August 2026, offering a new way for children to explore personal care, product development and retail through purposeful play.

LEAP India Limited’s Initial Public Offering to Open on Friday, August 07, 2026.

LEAP India Limited’s Initial Public Offering to Open on Friday, August 07, 2026, Price Band set at ₹ 151 – ₹ 159 per Equity Share

Price band of ₹ 151– ₹ 159 per Equity Share bearing face value of ₹ 1 each “Equity Shares”

Bid/Offer Opening Date – Friday, August 07, 2026 and Bid/Offer Closing Date – Tuesday, August 11, 2026.

Minimum Bid Lot is 94 Equity Shares and in multiples of 94 Equity Shares thereafter

Mumbai, August 03, 2026: LEAP India Limited has fixed the price band of ₹ 151/- to ₹ 159/- per Equity Share of face value ₹ 1/- each for the initial public offer of its Equity Shares of face value ₹ 1/- each (“IPO” or “Offer”). 

The IPO of the Company will open on Friday, August 07, 2026, for subscription and close on Tuesday, August 11, 2026.

Investors can bid for a minimum of 94 Equity Shares and in multiples of 94 Equity Shares thereafter.

The issued, subscribed and paid-up shared capital of the Company before the Offer comprises 410,347,780 Equity Shares of ₹ 1 each 

The Offer, comprises of a Fresh Issue of such number of Equity Shares aggregating up to ₹ 4,800 million and an offer-for-sale of ₹ 20,000 million by Vertical Holdings II Pte Ltd, one of the Promoter and KIA EBT Scheme 3 (acting through its trustee, Catalyst Trusteeship Limited), a member of the promoter group.

Net Proceeds from the Fresh Issue portion of the Offer to the extent of ₹ 3,600 million are proposed to be utilised for repayment / prepayment, in full or in part, of certain borrowings availed by the company. 

Incorporated in 2013, the company utilises its ‘share and reuse’ business model, referred to as pooling, and it is the largest on-demand asset pooling provider in India’s supply chain management sector (based on the number of pooled Assets), according to the F&S Report. As of March 31, 2026, the company has 14.70 million assets and it maintains a pan-India network of over 10,100 customer touchpoints. This circular business model of the company supports its customers while reducing environmental impact and enhancing the time and cost efficiency and safety of supply chains for its customers across India.

The company’s service offerings encompass technology-enabled supply chain solutions that suit customer requirements across industries. The company’s solutions help customers to connect different stages of their own value chain, from the point of manufacturing to distribution of goods all the way to the point of sale (retail).

According to the F&S Report, pallets are a critical element of modern supply chains, enabling companies to operate more efficiently, reduce costs, and deliver products reliably and safely. Further, pallet pooling is a system where companies use pallets from a shared pool instead of purchasing their own pallets; this system is gaining traction as a cost-effective and efficient method to integrate palletization into supply.

Under this model, the ownership and management of pallets is outsourced to third party providers, effectively treating pallets as a service. This reduces the burden of procurement, maintenance, tracking, warehousing space requirements, manpower, and time, while ensuring consistent quality and availability across operations, according to the F&S Report.

Through its large asset base and pan-India network, the company is able to serve a diverse customer base spanning sectors such as fast-moving consumer goods (FMCG), food and beverage (F&B), third-party logistics (3PL), e-commerce and quick commerce, automotive, industrials and others.  

As of March 31, 2026, the company had more than 1,000 customers. The nature of its solutions and integration of these solutions into the its customers’ operations drives their dependence on the company, loyalty and retention for it, with a majority of the company's top 10 customers (in terms of revenue contribution in Fiscal 2026) having been with it for more than five years.

The company leverages technology to deliver its solutions to its customers. Its in-house developed MyLEAP platform provides customers with an interface, which highlights order information for tracking and management, details of recent orders, options for swapping damaged assets, reports, as well as offering options for help and support. It has integrated SAP S/4HANA and Salesforce Management into its systems, enabling electronic data interchange with customers

For FY26, the Company's Total Income stood at Rs 7,473.55 million as against Rs 3,719.44 million in FY24, while Revenue from Operations increased to Rs 7,295.33 million from Rs 3,649.71 million. EBITDA increased to Rs 3,788.29 million from Rs 2,099.18 million, with an EBITDA Margin of 50.69%. Net Profit After Tax increased to Rs 623.41 million from Rs 371.74 million in FY24, with a PAT Margin of 8.34%.

JM Financial Limited, Avendus Capital Private Limited, IIFL Capital Services Limited and UBS Securities India Private Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the offer.

The equity shares are proposed to be listed on BSE and NSE. 

Disclaimer 

LEAP India Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated August 1, 2026, with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLMs i.e. JM Financial Limited at www.jmfl.com, Avendus Capital Private Limited at www.avendus.com, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) at www.iiflcapital.com and UBS Securities India Private Limited at www.ubs.com/indiaoffers, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at  www.leapindia.net/investorcorner.html. Any potential investor should note that investment in Equity Shares involves a high degree of risk and should refer to the RHP, including the section titled “Risk Factors” on page 21 of the RHP. Potential Investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC, the SEBI and the Stock Exchanges.

The Equity Shares offered in the Issue have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the Offer are being offered and sold only (i) outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act (“Regulation S”); and (ii) in the United States to "qualified institutional buyers" (as defined in Rule 144A), in transactions exempt from the registration requirements of the U.S. Securities Act. There will be no public offering in the United States.

Disclaimer Clause of Securities and Exchange Board of India (“SEBI”): SEBI only gives its observations on the draft offer documents and this does not constitute approval of either the offer or the specified securities stated in the Offer Documents. The investors are advised to refer to page 393 of the RHP for the full text of the disclaimer clause of SEBI.

Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 398 of the RHP for the full text of the disclaimer clause of BSE.

Disclaimer Clause of NSE (the Designated Stock Exchange): It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to page 398 of the RHP for the full text of the disclaimer clause of NSE.

General Risks: Investments in equity and equity-related securities involve a degree of risk and Bidders should not invest any funds in the Offer unless they can afford to take the risk of losing their entire investment. Bidders are advised to read the risk factors carefully before taking an investment decision in the Offer. For taking an investment decision, Bidders must rely on their own examination of our Company and the Offer, including the risks involved. The Equity Shares in the Offer have neither been recommended, nor approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of the contents of the Red Herring Prospectus. Specific attention of the investors is invited to “Risk Factors” on page 21 of the RHP.

 

Doritos and Cinépolis India bring 'The Superhit Crunch' to cinemagoers across India with Doritos x Cinepolis Popcorn

Doritos and Cinépolis come together on the FOOVIES platform to offer a bold, cinema-first snacking experience

National, 29th July, 2026: Doritos, the world’s no. 1 nacho chip* brand and Cinépolis India, the country's first international cinema exhibitor, today announced Doritos x Cinepolis Popcorn, a snack innovation co-created for the cinema that brings the bold taste of Doritos Nachos to Cinépolis's signature popcorn. Designed especially for the big screen, the product brings together two much-loved snacking formats to create what the brands are calling ‘The Superhit Crunch’.

The partnership reflects the evolving role of food and beverage in India's cinema experience. An estimated 150 million people go to the movies in India each year, and with snacking among the country's fastest-growing consumer categories, the cinema has become a meaningful point of consumption for food and beverage brands. Food is no longer just an add-on to the experience. It is becoming a central part of how consumers enjoy cinema with friends, families and peers.

FOOVIES, the platform that brings food and movies together

Doritos x Cinepolis Popcorn launches on FOOVIES, Cinépolis India's platform that brings food and movies together. FOOVIES carries the company's menu across its cinemas, including in-seat ordering, regional menus and limited-edition offerings such as those introduced during its Blockbuster Food Festival. Food and beverage accounts for nearly 30 percent of Cinépolis India's revenue. Doritos x Cinepolis Popcorn is the latest innovation on the platform.

For Doritos, the partnership is a natural extension of the brand’s role in social hangouts and shared moments. As a brand known for bold snacking experiences, Doritos has become synonymous with occasions where people come together, whether at home, with friends, at parties or at the movies. With Doritos x Cinepolis Popcorn, the brand is now bringing its bold flavour experience into one of the most loved social hangout spaces: the cinema.

"FOOVIES is built on a reality, that food and beverage is now as much a part of the cinema visit as the film itself. What has changed is that this side of the business has matured into something brands now want to build products for, the way they would for any serious retail channel. For FMCG brands, the value is no longer only in being seen. It is in becoming part of an experience people choose and look forward to, and that is what we built Doritos x Cinepolis Popcorn to be," said Devang Sampat, Managing Director, Cinépolis India.

Sharing his remarks on the partnership, Ankit Agarwal, Marketing Director – Doritos, PepsiCo India, said, “At Doritos, said, “At Doritos, we have always believed that snacking is closely linked to social moments and shared experiences. Cinema is one of the most powerful examples of that where people come together, spend time together and look for snacks that add to the excitement of the occasion. Our partnership with Cinépolis allows us to take Doritos into a new consumption moment in a way that feels true to the brand. Doritos X Cinepolis Popcorn brings together the familiarity of popcorn with the bold taste of Doritos Nachos, creating a snack experience that is made for the big screen.”

Doritos x Cinépolis Popcorn is now available across Cinépolis cinemas.

About Doritos:  

Doritos, the world’s number one nacho* brand, is present in over 55 countries globally. Doritos is targeted at Indian consumers in the 18-to-30-year age bracket, residing in urban and semi-urban centres. Doritos is available in the following flavours: Nacho Cheese, Sweet Chili, Dinamita Fiery Lime and Chilli, and in five price points, at INR 15, INR 25 INR 35, INR 48 & INR 86 The product is available across India through a mix of large format retail chains, online channels, and neighbourhood stories.

About PepsiCo   

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated nearly $92 billion in net revenue in 2024, driven by a complementary beverage and convenient foods portfolio that includes Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on X (Twitter), Instagram, Facebook, and LinkedIn @PepsiCo.

Manipal Health to add 483 licenced beds through brownfield and 1,943 licenced beds through greenfield projects by 2030

Manipal Health is committed to driving growth by capitalizing on opportunities within its existing network and expanding its footprint through both brownfield and greenfield projects. It seeks to maintain and strengthen its leadership in its key regions of Karnataka, Maharashtra and Goa, and eastern India (particularly West Bengal), while increasing its presence in regions such as Delhi NCR, central India, and eastern India (particularly Ranchi, Jharkhand, and Bhubaneswar, Odisha).

Through its brownfield expansion plans, the company expects to add approximately 483 licensed beds across existing hospitals by 2030. Brownfield projects benefit from operating leverage at established facilities and generally achieve faster break-even and require lower capital expenditure than greenfield projects. It is carrying out these expansions with the aim of strengthening our position in our existing markets. 

Its greenfield expansion plan is anchored in markets where it already operates such as Karnataka and Maharashtra to enable a faster ramp-up. The company plan to add approximately 1,943 licensed beds through these greenfield projects by 2030. it will continue to explore greenfield expansion opportunities in our key regions of Karnataka, Maharashtra and Goa and eastern India.

It also intends to capture medical tourism opportunities in key locations such as Bengaluru, Kolkata, and Delhi, and it intends to expand into Mumbai. South Asia accounts for over three-quarters of medical tourism demand, with majority of medical tourists coming from Africa, the Middle East, and South Asia as of calendar year 2025, and an increase in medical tourists from the United States and the United Kingdom due to high treatment costs and long waiting periods for availing treatment in these regions (Source: CRISIL Report). In Fiscal 2026, the company treated international patients primarily from the Middle East, Africa, and South Asia.

As of March 31, 2026, the company operated 49 hospitals with 13,037 licensed beds across 14 states and union territories. It has the widest footprint in terms of presence of hospitals among private hospital chains in India as of March 31, 2026 (Source: CRISIL Report).

Manipal Health Enterprises Ltd's Initial Public Offering is open between Wednesday, July 29, 2026, till Friday, July 31, 2026 with the Price Band set at ₹560 – ₹590 Per Equity Share.

Investors can bid for a minimum of 25 Equity Shares and in multiples of 25 Equity Shares thereafter.

Equity shares outstanding as on date 1,179,757,321 Equity Shares of ₹2 each.

The IPO is a fresh issue of up to Rs 8,000 crore, and an offer-for-sale of up to 21,613,834 equity shares by promoters - Imperius Healthcare Investments Pte. Ltd, and Manipal Education and Medical Group India Private Limited.

Manipal Health has garnered Rs 4,167 crore from anchor investors ahead of its initial public offering, which opens for public subscription on Wednesday, July 29, 2026. The company informed the bourses that it allocated 70,628,768 equity shares at Rs 590 per share to anchor investors. 

The anchor book saw the participation of marquee institutions such as ABU DHABI INVESTMENT AUTHORITY – STABLE, TEMPLETON EMERGING MARKETS FUND, BNP PARIBAS TRUST SERVICES SINGAPORE LIMITED AS TRUSTEE OF FULLERTON ALPHA - ASIA FOCUS EQUITIES FUND, GOVERNMENT PENSION FUND Global, ALLIANZ GLOBAL INVESTORS FUND - ALLIANZ INDIA EQUITY and FIDELITY SECURITIES FUND FIDELITY BLUE CHIP GROWTH K6 FUND, amongst others.

MV Electrosystems Limited Initial Public Offering to Open on Thursday, July 30, 2026, Price Band set at Rs. 400 – Rs. 425 Per Equity Share

Price band of Rs. 400 – Rs. 425 per Equity Share bearing face value of Rs. 5 each (“Equity Shares”)

Bid/Issue Opening Date – Thursday, July 30, 2026 and Bid/Issue Closing Date – Monday, August 03, 2026

Anchor Bidding Date is Wednesday, July 29, 2026

Minimum Bid Lot is 34 Equity Shares and in multiples of 34 Equity Shares thereafter

Mumbai, July 27, 2026: MV Electrosystems Limited (“Company”) has fixed the price band of Rs. 400/- to Rs. 425/- per Equity Share of face value Rs. 5/- each for its initial public offer.

The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Thursday, July 30, 2026, for subscription and will close on Monday, August 03, 2026.

Investors can bid for a minimum of 34 Equity Shares and in multiples of 34 Equity Shares thereafter.

Equity Shares outstanding as on date are 2,04,59,200 equity shares of Rs. 5 each.

The IPO is a fresh issue of Equity Shares up to Rs. 2,900 million.

Out of the Issue Proceeds, Rs. 1,800 million will be for funding long-term working capital requirements of the Company, Rs. 210 million for investment in research, design and development activities for new power electronic equipment, and balance towards general corporate purposes.

The Issue is being made through the book-building process, wherein not less than 75% of the Issue is allocated to Qualified Institutional Bidders, and, not more than 15% and 10% of the Issue is allocated to Non-Institutional Bidders and Retail Individual Bidders, respectively.

About the Company

MV Electrosystems Limited is a technology-driven company engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in railway rolling stock including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches and EMU’s, cable protection and management products and electrical components, systems & sub-systems. 

With a focus on indigenous innovation and sustainable rail transportation, the Company is aligned with national and global goals for self-dependence, rail electrification and decarbonization. 

The Company has received approvals for its IGBT based 3-Phase Drive Propulsion equipment (“3-Phase Propulsion Equipment”) from CLW in September 2025 and also commenced the commercial supplies to Indian Railways for 3-Phase Propulsion Equipment in March 2026. The 3-Phase Propulsion Equipment includes traction converter-inverter system, auxiliary converter, vehicle control units / train control management system and driver display units - all designed and developed by the Company indigenously to meet international safety and performance standards. 

The Company has also entered into a Business Cooperation Agreement with PNC Technologies Co. Ltd, South Korea for a period of three years, to collaborate exclusively for the manufacturing, supply and distribution of Auto Fault Locator system for 25 KV Rail over-head electrification line across the country. This marks the company’s entry into the rail electrical infrastructure products.

Further, the Company has also received a letter of acceptance dated June 27, 2026 from Modern Coach Factory, Raibareli for Design, Development, Manufacture, Supply, Testing and Commissioning of Microprocessor Controlled IGBT based 3 Phase Propulsion Equipment for 6 (six) MEMU trains giving order for an aggregate value of Rs. 865.46 million and five years comprehensive annual maintenance contract for aggregate value of ₹ 46.86 million, both excluding GST, marking its entry into propulsion systems for distributed power supply trains.

Research, Design and Development Centre (R&D Centre)

Company’s in-house research, design & development centre based at Faridabad, Haryana, is the technological backbone of its operations, dedicated to innovation, engineering and advancement of complex and high-performance power electronics and other railway systems. The Company has also commenced the process to set up a new R&D Centre to meet the design and development requirement for distributed power supply propulsion equipment’s.

The existing R&D Centre has been accorded recognition by the Department of Scientific and Industrial Research (DSIR), Ministry of Science and Technology, Government of India on June 12, 2026.

The Company is focussed towards research, design and development of newer electrical equipment and power electronics systems for usage in railways industry and to play a strategic role as a domestic manufacturer with technical capabilities, indigenous designed and developed propulsion equipment and in-house assembling cum manufacturing facilities.

Manufacturing Facilities

Company’s assembling-cum-manufacturing facility is based at Village Baghola, Palwal, Haryana (Unit 1) with fabrication, assembling and testing facilities and a high speed SMT (Surface Mount Technology) line for electronics manufacturing capabilities for vehicle control unit and control systems. To expand the production capabilities, the Company has received the requisite regulatory approvals for its proposed Unit 2 at Nangla Bhiku, Palwal, Haryana which will operate on an integrated production model basis with fabrication process and electronics manufacturing capabilities at Unit 1 to support the production.

The Company has implemented quality control processes throughout the manufacturing and assembly operations to ensure that products meet safety and quality standards. 

Order Book

As on June 30, 2026, the Company has an executable outstanding order book for supply of 564 (five hundred sixty four) 3-Phase Propulsion Equipment from Chittranjan Locomotive Works, Banaras Locomotive Works and Patiala Locomotive Works, all three units of Indian Railways, having an aggregate order value of Rs. 9,216.40 million (excluding GST) and AMC of Rs. 676.78 million (excluding GST). 

Further, the Company also has developmental orders for Microprocessor Controlled IGBT based 3 Phase Propulsion Equipment for MEMU (On Board - 12 Car Rakes), Composite Converter and Hotel Load Converter for an aggregate value of Rs. 898.57 million (excluding GST) and AMC of Rs. 48.64 million (excluding GST).

Sundae Capital Advisors Private Limited is the Book Running Lead Manager, and KFin Technologies Limited is the Registrar of the Issue.

The equity shares of the Company are proposed to be listed on NSE and BSE.

MV Electrosystems Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed the Red Herring Prospectus (“RHP”) dated July 23, 2026, with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM, https://www.sundaecapital.com/, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at https://www.mvelectrosystems.com/. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” on page 22 of the RHP. Potential investors should not rely on the Draft Red Herring Prospectus for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.

The Equity Shares offered in the Issue have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the issue are being offered and sold only outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act (“Regulation S”).

Disclaimer Clause of Securities and Exchange Board of India (“SEBI”): SEBI only gives its observations on the offer documents and this does not constitute approval of either the Issue or the specified securities stated in the Offer Documents. The investors are advised to refer to page 443 of the RHP for the full text of the disclaimer clause of SEBI.

Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited, nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 445 of the RHP for the full text of the disclaimer clause of BSE.

Disclaimer Clause of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE, nor does it certify the correctness or completeness of any of the contents of the Issue Document. The investors are advised to refer to page 445 of the RHP for the full text of the disclaimer clause of NSE.

 

Bank of India’s Q1 FY27 Net Profit rises 36.23% YoY to ₹3,068 crore

Mumbai, 24th July 2026: Bank of India announced its financial results for the quarter ended June 

30, 2026. The Bank’s net profit increased by 36.23% YoY to ₹3,068 crore in Q1 FY27. Return on 

Assets and Return on Equity improved to 1.01% and 16.12%, respectively.

Bank’s Operating Profit for Q1 FY27 grew to ₹ 5,051 crore with a growth of 25.99%.

Bank’s Global Business Mix registered a growth of 16.57% YoY from ₹15,06,142 Cr in Jun’25 to

₹17,55,699 Cr in Jun’26. Global Deposits increased by 14.90% YoY from ₹8,33,698 Cr in Jun’25 to

₹9,57,924 Cr in Jun’26. Global Advances increased by 18.64% YoY from ₹6,72,444 Cr in Jun’25 to

₹7,97,775 Cr in Jun’26. Overseas Deposits increased by 7.73% YOY to ₹1,32,961 Cr and Overseas 

Advances increased by 15.67% YOY to ₹1,23,942 Cr in Jun’26. 

Domestic Deposits increased by 16.15% YoY from ₹7,10,277 Cr in Jun’25 to ₹8,24,963 Cr in 

Jun’26. Domestic CASA went up from ₹2,81,846 Cr in Jun’25 to ₹3,02,085 Cr in Jun’26 and CASA 

ratio stood at 36.68%. Domestic Advances increased by 19.20% YoY from ₹5,65,297 Cr in Jun’25

to ₹6,73,833 Cr in Jun’26.

RAM Advances increased by 19.75% YoY from ₹ 3,28,048 Cr in Jun’25 to ₹3,92,833 Cr in Jun’26, 

constituting 58.30% of domestic Gross Advancesin Jun’26. Retail Credit increased by 20.60% YoY 

from ₹1,37,782 Cr in Jun’25 to ₹1,66,170 Cr in Jun’26. MSME Advances increased by 19.34% YoY 

from ₹92,908 Cr in Jun’25 to ₹1,10,881 Cr in Jun’26. Agriculture Credit increased by 18.92% YoY 

from ₹97,358 Cr in Jun’25 to ₹1,15,782 Cr in Jun’26.

Bank’s Gross NPA ratio improved by 111 bps from 2.92% in Jun’25 to 1.81% in Jun’26. Net NPA 

ratio improved by 24 bps from 0.75% in Jun’25 to 0.51% in Jun’26.

Bank’s quarterly slippage ratio improved by 9 bps YoY to 0.24%.

Bank’s Credit Cost improved from 0.17 for Q1 FY26 to 0.15 for Q1 FY27

Capital Adequacy Ratio (CRAR) as on 30.06.2026 stands at 18.69%.

Bank’s total number of Digital Transactions improved by 22% YoY from 1.70 billion in Jun’25 to 

2.08 billion in Jun’26

Temasek-backed Manipal Health Enterprises Ltd's Initial Public Offering

Temasek-backed Manipal Health Enterprises Ltd's Initial Public Offering to Open on Wednesday, July 29, 2026, Price Band set at ₹560 – ₹590 Per Equity Share 

Price band of ₹560 – ₹590 per Equity Share bearing face value of ₹2 each ("Equity Shares")

Bid/Offer Opening Date – Wednesday, July 29, 2026 and Bid/Offer Closing Date, Friday, July 31, 2026

Minimum Bid Lot is 25 Equity Shares and in multiples of 25 Equity Shares thereafter

Mumbai, July 24, 2026: Manipal Health Enterprises Limited has fixed the price band of ₹560/- to ₹590/- per Equity Share of face value ₹2/- each for its initial public offer.

The Initial Public Offering ("IPO" or "Offer") of the Company will open on Wednesday, July 29, 2026, for subscription and close on Friday, July 31, 2026.

Investors can bid for a minimum of 25 Equity Shares and in multiples of 25 Equity Shares thereafter.

Equity shares outstanding as on date 1,179,757,321 Equity Shares of ₹2 each.

The IPO is a fresh issue of up to Rs 8,000 crore, and an offer-for-sale of up to 21,613,834 equity shares by promoters - Imperius Healthcare Investments Pte. Ltd, and Manipal Education and Medical Group India Private Limited.

Particulars

Fresh Issue

OFS

Total Issue Size

Lower Price Band (Rs. 560 per share)

Rs. 8000 crore

Rs. 1210.38 crore

Rs. 9210.38 crore

Upper Price Band (Rs. 590 per share)

Rs. 8000 crore

Rs. 1275.22 crore

Rs. 9275.22 crore

Investors selling shares include TPG SG Magazine Pte. Ltd, Seventy Second Investment Company LLC, Ammar Sdn Bhd, Novo Holdings Invest Asia A/S and Phoenix Bear Investments, LLC.

The proceeds from its fresh issuance worth Rs 5,552.8 crore will be utilised for repayment/prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of the company's material subsidiaries, Manipal Hospitals Private Limited, Rs 574 crore for acquisition of minority stake in the company's step-down subsidiary, Sahyadri Hospitals Private Limited, and general corporate purposes.

The company operates a pan-India network of multispecialty hospitals delivering a comprehensive range of care services—from outpatient services to complex tertiary and quaternary interventions. As of March 31, 2026, the company operated 49 hospitals with 13,037 licensed beds across 14 states and union territories.

The company has the widest footprint in terms of presence of hospitals among private hospital chains in India as of March 31, 2026 (Source: CRISIL Report). It is the largest pan-India multispecialty hospital network by bed capacity and the second-largest hospital chain by number of hospitals as of March 31, 2026 (Source: CRISIL Report).

For Fiscal 2026, the company reported the second-highest revenue from operations of ₹103,357.51 million (₹109,356.18 million on a pro forma basis) among private hospital chains in India (Source: CRISIL Report).

In its three key regions of Karnataka, Maharashtra and Goa and West Bengal, Odisha, Jharkhand, and Sikkim, the company had 6,404, 2,188 and 2,887 licensed beds, respectively, as of March 31, 2026.

Among private hospital chains in India, as of March 31, 2026, the company is the largest player in Karnataka, the largest player in Maharashtra and Goa region, and the largest player in select states of West Bengal, Odisha, Jharkhand, and Sikkim (Source: CRISIL Report). Licensed beds represent the total number of hospital beds approved by regulatory authorities in a facility.

The company is the only private hospital chain network in India to lead in three metro markets of Bengaluru, Kolkata and Pune by bed capacity (5,376) as of March 31, 2026 (Source: CRISIL Report). As of March 31, 2026, the company had 2,579, 1,513 and 1,284 licensed beds and 12, five and nine hospitals in Bengaluru, Kolkata and Pune respectively. Its multi-hospital presence in these metros allows the company to deliver care closer to patients' homes, reduce travel times for critical interventions, and serve broad referral areas within each city.

In line with the company's core philosophy to improve access to healthcare, it maintains a balanced presence across metros and non-metros, with 46.78% of its licensed beds located in metros and 53.22% of its licensed beds located in non-metros as of March 31, 2026.

The company served 7.63 million patients across its network (including its O&M hospitals) in Fiscal 2026. Further, it had 11,064 doctors available to provide their services in its hospitals as of March 31, 2026.

The company offers clinical services across several specialties, with a focus on tertiary and quaternary care, particularly in cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics, and renal sciences (CONGO-R). These specialties involve high-acuity cases or cases that are severe, complex and require advanced interventions and high levels of care.

Its revenue from operations was Rs 10,335.8 crore during FY26 as compared to Rs 6,171.6 crore during FY24.

Its net profit was Rs 916.5 crore during FY26 as compared to Rs 533.2 crore during FY24.

Kotak Mahindra Capital Company Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited, UBS Securities India Private Limited, and DBS Bank India Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the offer.

The equity shares are proposed to be listed on BSE and NSE.

Manipal Health Enterprises Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated July 23, 2026, with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM, Kotak Mahindra Capital Company; Axis Capital Limited, Goldman Sachs (India) Securities Private; Jefferies India Private Limited, J.P. Morgan India Private Limited, UBS Securities India Private Limited, and DBS Bank India Limited, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at https://www.manipalhospitals.com/. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 34 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.

The Equity Shares offered in the Issue have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the issue are being offered and sold only outside the United States in "offshore transactions" as defined in and in reliance on Regulation S under the U.S. Securities Act ("Regulation S").

Disclaimer Clause of Securities and Exchange Board of India ("SEBI"): SEBI only gives its observations on the draft offer documents and this does not constitute approval of either the Offer or the specified securities stated in the Offer Documents. The investors are advised to refer to page 614 of the RHP for the full text of the disclaimer clause of SEBI.

Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE should not in any way be deemed or construed that the Red Herring Prospectus has been cleared or approved by BSE nor does it certify the correctness or completeness of any of the contents of the Red Herring Prospectus. The investors are advised to refer to the page 618 of the Red Herring Prospectus for the full text of the disclaimer clause of BSE.

Disclaimer Clause of NSE (the Designated Stock Exchange): It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to page 619 of the RHP for the full text of the disclaimer clause of NSE.