Deals

Sun Pharma signs exclusive licensing agreement with LIB Therapeutics Inc.

• Sun Pharma secured exclusive rights to commercialize and manufacture Lerodalcibep worldwide, excluding the US and China
• The licensing deal gives Sun Pharma a potential global product opportunity outside the US and China

IIT Madras–Unicorn India fund raises ₹450 crore at first close

• The fund has a ₹1,000 crore target and aims for final close by December 2026
• It has deployed nearly ₹55 crore across four deep-tech startups

Why Byju’s Aakash stake matters to creditors—and why cashing out won’t be easy

• Creditors are focused on how much of Aakash Think & Learn retains after its settlement
• Unclear Aakash stake recovery leaves creditors, including Indian lenders, facing uncertainty

Elitecon signs framework agreement with South African entity

• Framework agreement covers a potential export order worth Rs 574 cr over the next year
• A potential export order could support Elitecon International’s revenue if finalised

Dilip Buildcon secures transmission project in Yavatmal, Maharashtra

Signatureglobal stock reverses gains after 5% surge on project win

• The project adds nearly 6.77 mn sq. ft. of developable potential to Signatureglobal’s portfolio
• The stock reversed gains after a 5% surge
• The project expands Signatureglobal’s pipeline; the stock’s reversal signals a mixed near-term response

KPIL secures gas pipeline project in UAE

• KPIL received a Letter of Award for an EPC gas pipeline project in the UAE
• The UAE project adds to KPIL’s order pipeline; Kalpataru Projects shareholders are exposed

Man Infra collaborates with Godrej Prop for upcoming residential project in South Mumbai

• Man Infraconstruction and Godrej Properties are collaborating on a South Mumbai residential project
• The project is described as sea-facing
• The project is a potential development opportunity for Man Infraconstruction and Godrej Properties

IEX expands into coal trading as subsidiary seeks licence, stock reacts

Armani open to multiple investors for 15% stake sale, says CEO Marsocci

• Armani is open to selling a 15% stake, but no decision has been made
• Giorgio Armani's will named LVMH, L'Oreal and EssilorLuxottica as preferred buyers

Dibrugarh set to resume international cargo movement on Brahmaputra after nearly 80 years

• Dibrugarh is set to resume Brahmaputra cargo movement to Bangladesh after nearly 80 years
• The cargo route will transport methanol; two vessels are prepared
• The route may benefit Indian logistics and shipping operators if cargo movement expands

Sandur Manganese sets up subsidiary to manufacture medical devices

• Sandur Manganese & Iron Ore incorporated wholly owned subsidiary Royal Sandur MedTech
• The subsidiary will manufacture medical devices
• The move diversifies Sandur Manganese beyond mining; investors in SANDUMA may watch execution and investment needs