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Corporate Moves Roil India’s Midcaps as Waaree OKs ₹8,175 Crore Capex and SEBI Clears Nuvama Fund Entry

SEBI’s nod for Nuvama’s SIF‑ready fund signals widening choices for higher‑ticket investors as company disclosures drive sharp stock moves.

Overview

  • Waaree Energies approved about ₹8,175 crore in additional capital spending, lifting its battery energy storage capacity plan to 20 GWh at Waaree Energy Storage Solutions and expanding electrolyzer and inverter output at group units.
  • SEBI granted Nuvama Wealth conditional approval to launch mutual fund schemes, including Specialised Investment Funds, a higher‑ticket category that blends MF access with PMS‑style strategies.
  • PC Jeweller reported roughly 63% year‑on‑year revenue growth for the September quarter and cut outstanding bank debt by about 23%, reiterating a goal to be debt‑free by end‑FY26.
  • V‑Mart Retail said Q2 operational revenue rose 22% year on year, added a net 23 stores to reach 533 locations as of 30 September, and its shares rallied roughly 15% after the update.
  • Elitecon International acquired controlling stakes in Landsmill Agro (55% for ₹52.85 crore) and Sunbridge Agro (51.65% for ₹128.40 crore) to bolster FMCG operations, while Man Infraconstruction reduced its MICL Developers LLP holding to 69.99% with the transferee unrelated to the promoter group.