Key Corporate Moves: Bajaj Housing Finance, Hero MotoCorp, HUL, Indian Hotels and More

Several major Indian companies have made significant moves in recent weeks, signaling robust growth and strategic initiatives. From acquisitions and leadership changes to production expansions, the corporate landscape is buzzing with activity. Here’s a detailed look at the key developments:

Amber Enterprises has made a strategic move by having its subsidiary, IL JIN Electronics, acquire an 80% stake in Shogini Technoarts for about ₹506 crore, effective December 1, 2025. With this acquisition, Shogini Technoarts becomes a subsidiary of IL JIN and a step-down subsidiary of Amber Enterprises. This move is expected to bolster Amber Enterprises' presence in the technology sector and enhance its operational capabilities.

Hero MotoCorp, one of India’s leading two-wheeler manufacturers, reported a strong November performance. Total dispatches surged by 31% year-on-year to 6,04,490 units, surpassing the CNBC-TV18 estimate of 5.95 lakh. Domestic sales increased by 12.4% to 5.70 lakh units, while exports jumped 69.7% to 33,970 units. The company attributed this growth to post-festive demand, supportive market sentiment, and the popularity of new models.

Ambuja Cements, a leading cement manufacturer, has commissioned a 4 MTPA brownfield clinker expansion at its Bhatapara unit in Chhattisgarh. This expansion has increased the company’s consolidated clinker capacity to 66 MTPA. This strategic move is aimed at meeting the growing demand for cement and strengthening Ambuja Cements' market position.

Hindustan Unilever Ltd (HUL) announced a significant leadership change with the appointment of Vandana Suri as executive director, home care, effective January 1, 2026. Suri, who currently serves as GM for beauty & wellbeing at Unilever Indonesia, brings over 20 years of experience in the industry. Her predecessor, Srinandan Sundaram, will take on the role of CEO of Unilever International. This leadership transition is expected to drive HUL's growth in the home care segment.

The Indian Hotels Company (IHCL) has made notable acquisitions, with its subsidiary Roots Corporation Ltd acquiring 51% stakes in Pride Hospitality and ANK Hotels for ₹81.2 crore and ₹109.3 crore, respectively. These acquisitions add over 140 midscale hotels under The Clarks Hotels & Resorts brand to IHCL’s portfolio, significantly expanding the company’s footprint in the hospitality sector.

Bajaj Housing Finance, a prominent player in the housing finance sector, announced that its promoter, Bajaj Finance, plans to sell up to 2% of its stake through open-market transactions to meet minimum public shareholding norms. Bajaj Finance currently holds 88.70% in the company. The sale, involving up to 166.6 million shares, will be carried out in tranches between December 2, 2025, and February 28, 2026.

KEI Industries Ltd has begun trial production at its new greenfield facility in Sanand, Ahmedabad. This facility, part of the company’s capacity expansion for LT, HT, and EHV cables, marks a significant step in KEI's growth strategy. The first phase of the facility, covering LT and HT cables, is expected to start commercial production by December 10, 2025, following a muhurat puja at the site.

Afcons Infrastructure, a part of the Shapoorji Pallonji Group, secured ₹884 crore worth of EPC contracts in November under its marine and industrial business unit. These orders were booked across the business unit during the month, highlighting the company’s strong performance and market presence.

Bharat Dynamics Ltd, a leading defense company, secured additional orders worth ₹2,461.62 crore since its November 13 update. The new orders include anti-tank guided missiles and surface-to-air missiles under emergency procurement, further solidifying Bharat Dynamics' position in the defense sector.

The government also launched an Offer for Sale (OFS) in Bank of Maharashtra, signaling a strategic move to divest its stake in the public sector bank. This move is part of the government’s broader efforts to reduce its holdings in various state-owned enterprises and attract private investment.