Startup Funding

Schneider Electric to invest over ₹700 cr in Tamil Nadu

The investment will cover the expansion of Schneider Electric India Private Limited’s smart manufacturing facilities in Chennai and Coimbatore, and the establishment of a new plant in Hosur by Schneider Electric IT Business India Private Limited to produce batteries and cooling solutions.

Startup Funding

Shriram Finance shares rise on reports of 20% stake deal with MUFG

Shriram Finance shares rose for a second straight session after reports that its board will meet to consider a possible equity stake sale to Japan’s MUFG. The company said the board will evaluate fundraising options including a rights issue, preferential allotment or QIP.

Startup Funding

Ola Electric Mobility founder Bhavish Aggarwal sells 4.2 crore additional shares

Company sources confirmed that the share sale was structured in multiple tranches rather than a single block. The second tranche of the transaction was executed on Tuesday, and the remaining shares will be sold in due course. Shares of Ola Electric Mobility Ltd ended at ₹32.80, down by ₹1.68, or 4.87%, on the BSE.