BlackRock Unit Buys Shares Worth Rs 3.59bn Across Three Firms

27 Nov 2025 CW Team

Global asset manager BlackRock’s affiliate, iShares Core MSCI Emerging Markets ETF, on Monday purchased shares of ACC, Acutaas Chemicals and TD Power Systems worth a combined Rs 3.59 billion through open market transactions.

According to NSE bulk-deal data, the ETF acquired 9.82 million shares of ACC, 9.68 million shares of TD Power Systems and 5.3 million shares of Acutaas Chemicals. The shares were bought at average prices of Rs 1,911.86 for ACC, Rs 1,852.12 for Acutaas Chemicals and Rs 759.08 for TD Power Systems. iShares, a global leader in Exchange Traded Funds with more than 1,600 funds, is part of BlackRock.

Details of the sellers were not disclosed by the exchange. On Monday, Acutaas Chemicals’ shares rose 10.18 per cent to close at Rs 1,875, ACC gained 5.46 per cent to finish at Rs 1,930 and TD Power Systems advanced 6.25 per cent to end at Rs 770.10 on the NSE.

In two separate bulk deals, the ETF offloaded 17.83 million shares of Rain Industries and sold 12.63 million shares of Orient Electric for a total of Rs 397 million via open market transactions. The disposals took place within a price range of Rs 106.13 to Rs 164.45 per share. Details of the buyers were not available. Shares of Orient Electric fell 12.95 per cent to close at Rs 158.50, while Rain Industries declined 3.82 per cent to end at Rs 108.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..