BGRENERGY.NSE

BGR Energy Systems Ltd

The National Asset Reconstruction Co (NARCL), India’s state-sponsored bad bank, is looking to close acquisitions worth Rs 10,000 crore in the first quarter of FY26, said sources close to the development.NARCL has already made offers for key accounts, including BGR Energy, Girija Alloys & Power, Gannon Dunkerley & Co., and Gupta Power, and is conducting due diligence on more accounts, with bids expected by June-end, said the sources cited above. Among NARCL's recent offers are BGR Energy, with Rs 3,000 crore in debt, at up to 25% offer value, and Girija Alloys & Power, where the initial offer of 30% on Rs 800 crore debt has been raised. Other stressed accounts, such as Gannon Dunkerley & Co., are also under review, while Gupta Power is also under discussions. NARCL acquires 15% of the value of accounts upfront in cash, while the remaining is issued to the selling banks as Security Receipts (SRs) for which the government has provided a sovereign guarantee.Having already utilised Rs 20,000 crore of the Rs 30,600 crore sovereign guarantee, NARCL needs to acquire between Rs 60,000–80,000 crore of stressed assets to exhaust the remaining guarantee, assuming bids of 20-25% on debt value, said the source.

Sun Pharma accepted preferential offer to acquire 14.28% shares of Indian Foundation for Quality Management, while Jio Financial Services launched JioFinance App in a Beta version.

BGR Energy Systems promoter Sasikala Raghupathy previously sold 7.03 percent stake on February 27 and 2.51 percent stake on February 26.

Bharti Enterprises sold 1.26 percent stake in ICCI Lombard while ICICI Bank picked up 1.41 percent equity stake

Zaggle Prepaid Ocean Services and Kellton Tech Solutions touched a 52-week high.

Minerva bought 90,00,000 shares at Rs 48.75 per share, buying Rs 43.87 crore worth of shares.

Kolte Patil Developers promoter Naresh Anirudha Patil offloaded almost 2 percent stake in the company.