New Delhi, June 11 -- India's top bank is joining as a lender for Sun Pharma's Organon acquisition and Japanese utility major Chubu Electric Power is set to acquire a renewable energy platform, according to two separate media reports.

Meanwhile, insurance firm Acko is preparing for a stock market debut after turning profitable and Reliance Industries Ltd-backed robotics startup Addverb is eyeing a capital raise, separate media reports revealed.

Sun Pharmaceutical

State Bank of India is planning to join a clutch of global lenders set to fund Sun Pharmaceutical's $12 billion (Rs 1.14 lakh crore) purchase of US-listed Organon & Co, according to a Bloomberg report.

SBI is set to commit as much as $1 billion (around Rs 9,569 crore) to finance the deal and the proposal is pending board approval, Bloomberg said, citing people familiar with the matter.

If the board approves, SBI will join Citigroup Inc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc. as another key debt financier of Sun Pharma's agreed deal in April to buy Organon. The deal is one of the largest outbound transactions by an Indian company.

Continuum Green Energy

Chubu Electric Power, a major Japanese integrated power utility firm, is set to acquire a minority stake in renewable energy platform Continuum Green Energy for about $150 million (Rs 1,435 crore), according to a report in The Economic Times.

Chubu will acquire around a 13-14% stake in the renewable energy firm, valuing Continuum at around $1.1-1.2 billion. The deal is expected to be formally announced within a week, the report added, citing people familiar with the matter.

Continuum was founded in 2009 by Arvind Bansal and Vikash Saraf, and focusses on supplying renewable power to commercial and industrial (C&I) customers through its portfolio of wind, solar and hybrid assets.

Acko

Insurance tech firm Acko intends to file its draft papers with the country's capital markets regulator for a $300 million (around Rs 2,871 crore) initial public offering by September, according to a Mint report.

The proposed IPO is expected to value Acko at $2 billion (around Rs 19,139 crore), the report said citing sources.

Mint said the company is aiming to file for an IPO around August-September, with Acko filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). Citing a single source, the report said the company is aiming for a potential listing by the end of this financial year should market conditions sustain.

General Atlantic-backed Acko has appointed ICICI Securities Ltd, Kotak Mahindra Capital Co, and Morgan Stanley's India unit to manage the share sale.

According to the report, the company's confidence in going public stems from a "good" FY26, as it believes its model is working. Acko General Insurance turned profitable in the fourth quarter of FY26, however, the company is yet to publish its financials, the report noted.

Addverb

Robot maker Addverb Technologies Ltd. is looking to raise more than $100 million (around Rs 957 crore), according to a Bloomberg report quoting a top official.

Addverb is scouting for more capital after expanding into markets including the US, the Netherlands and Australia, its CEO Sangeet Kumar was quoted as saying in the report.

The startup, whose robots handle sorting, material movement and other tasks at logistics firms, warehouses and electronics companies, is investing in new technologies as it eyes growth in areas such as humanoid robots and prepares for a stock market debut in a few years.

Published by HT Digital Content Services with permission from VC Circle.