Results Today
Ardee Industries, MV Electrosystems, State Trading Corporation of India, and Vineet Laboratories will release their quarterly earnings today.
Stocks to Watch
Tata Consultancy Services
The Board of Tata Consultancy Services Netherlands BV, a wholly owned subsidiary of the company, approved the acquisition of 100% of the equity shares of MHP Management- und IT-Beratung GmbH (MHP), a subsidiary of Porsche AG (Porsche), for an enterprise value of euro 320 million.
Following the acquisition of MHP, Porsche AG has entered into a five-year strategic deal with MHP and TCS worth euro 1.25 billion.
Aegis Logistics
Aegis Logistics has executed a Business Transfer Agreement (BTA) worth Rs 525 crore with its step-down subsidiary, Aegis Terminal (Pipavav), to transfer a specialised ammonia storage terminal with a static capacity of 36,000 MT at Pipavav Port to Aegis Terminal (Pipavav) through a slump sale on a going-concern basis.
Kotak Mahindra Bank
Kotak Mahindra Bank allotted US$650 million of 5.478% senior notes due in 2031 under its US$1 billion Euro Medium Term Note (EMTN) Programme.
The notes will be listed on India International Exchange (IFSC) and NSE IFSC.
Great Eastern Shipping Company
The Board of Great Eastern Shipping Company will meet on August 27 to consider a proposal for the buyback of the company's fully paid-up equity shares.
Brigade Hotel Ventures
Brigade Hotel Ventures has appointed Vinay Gupta as Chief Executive Officer. Vinay will be responsible for leading a dynamic team of seasoned professionals and taking BHVL to greater heights.
Piramal Finance
Piramal Finance, the non-banking finance company, launched its Qualified Institutions Placement (QIP) on August 24, with a floor price of Rs 2,102.65 per share. According to CNBC-TV18, citing sources, the QIP is expected to be worth Rs 2,100 crore.
HEG
The Board of HEG has elevated Riju Jhunjhunwala from Vice-Chairman (Non-Executive) to Chairman, Managing Director & Chief Executive Officer and Key Managerial Personnel of the company, effective September 1, 2026, for a term extending up to August 31, 2031.
Meanwhile, the Board has also appointed Neha Rajvanshi as Chief Financial Officer and Key Managerial Personnel of the company, effective September 1, 2026.
Coal India
Coal India has incorporated CIL Global Pte, a Singapore-based wholly owned subsidiary, to explore and develop overseas opportunities in critical mineral asset acquisitions, facilitate efficient management of overseas investments, and provide structural flexibility for future acquisitions.
UCO Bank
The Board of UCO Bank approved raising foreign currency funds of up to US$1 billion through the issuance of debt instruments under its Medium Term Note Programme.
Afcons Infrastructure
In the arbitration proceedings between Afcons Infrastructure and the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), the company has received an arbitral award of Rs 335.50 crore in its favour.
ICICI Bank
ICICI Bank has priced US$1 billion of Senior Unsecured Fixed Rate Notes under its US$7.5 billion Global Medium Term Note Programme.
Meanwhile, Moody's Ratings and S&P Global Ratings have assigned Baa3 and BBB ratings, respectively, to the notes.
Bulk & Block Deals
Meesho
US-headquartered startup accelerator Y Combinator Management, through Y Combinator Continuity Holdings I LLC, YCS16 Holdings LLC, and YCVC Fund I LP, backed by Y Combinator Management, sold 48.47 lakh shares, representing 1.05% of Meesho's paid-up equity, for Rs 969.63 crore.
The 1.05% stake was exchanged among 20 global and domestic investors at a price of Rs 200.01 per share. Nippon India Mutual Fund, HDFC Standard Life Insurance, Franklin Templeton, Edelweiss Mutu...
Lenskart Solutions
SVF II Lightbulb (Cayman), an affiliate owned by SoftBank Group, sold 4.5 crore equity shares, representing 2.58% of the paid-up equity, in Lenskart for Rs 2,887.87 crore. The significant equity stake in Lenskart Solutions was exchanged at a price of Rs 641.75 per share.
