Stocks in news : 2 july 2025

!Adani Defence Systems and Technologies Limited (ADSTL), a wholly owned subsidiary of Adani Enterprises, has completed the acquisition of 85.1% stake in Air Works India (Engineering) (AWIEPL) on July 1, 2025. Pursuant to this, AWIEPL has become a step-down subsidiary of the Company. Inventurus Knowledge Solutions (IKS Health) has expanded its partnership with Western Washington Medical Group (WWMG), a leading independent multispecialty healthcare organization in Washington state. As part of this expansion, IKS Health will make a strategic investment in a newly established management services organization (MSO) that will oversee all non-clinical operations of WWMG, including revenue cycle management, clinical documentation, HR, IT and finance. The clinical operations will continue to reside within WWMG, allowing for a clear separation of clinical and administrative functions. Medi Assist Insurance TPA (Medi Assist TPA), a wholly owned subsidiary of Medi Assist Healthcare Services (Medi Assist), has completed its acquisition of a 100% stake in Paramount Health Services & Insurance TPA (Paramount TPA). This acquisition marks a pivotal step in Medi Assist’s continued growth strategy, reinforcing its position as India’s largest health benefits administrator. With this transaction, Medi Assist is set to add Rs 4,000 crores of health premiums, under administration.

has received the Purchase Order from African Rail Company for supply of 2 fully overhauled ALCO locomotives for deployment in Zimbabwe, Mozambique and Botswana. Broad consideration or size of the order(s)/contract(s) is $3.6 million (CIF). The said order is expected to be completed in 9 months.