Corporate Moves and Market Developments: 3M India, Adani Group, and Tata Motors
3M India has named Aseem Joshi as President and Managing Director (Designate), bringing decades of experience from IBM, McKinsey, and GMM Pfaudler. His leadership will focus on growth strategy, product innovation, and operational efficiency.
The Adani Group is reportedly seeking a majority stake in Shree Digvijay Cement's Gujarat plant, as private equity firm True North explores an exit amid industry consolidation. Shree Digvijay Cement declined to confirm the speculation, stating it does not comment on market rumors.
Tata Motors received NCLT approval for its restructuring plan, which includes demerging its commercial vehicles business and merging its passenger vehicles unit with the parent company. The scheme awaits formal filing to take effect.
