Moneylife’s market breadth indicators maintained their position of neutral strength territory this week. The trends of the major indices in the course of the week's trading are given in the table below:
News
Reliance Power was named as an accused in a central bureau of investigation (CBI) charge-sheet related to the Reliance Home Finance matter. The company said it would take necessary legal steps to protect its interests and those of its stakeholders.
Hindalco Industries terminated its equity purchase agreement for the proposed acquisition of AluChem Companies and its specialty calcined and tabular alumina business after prolonged closure delays. The termination was mutually agreed upon by the parties, while Hindalco said it would continue pursuing opportunities in specialty alumina, including in US.
Yatharth Hospital & Trauma Care Service, Fortis Healthcare, Artemis Medicare Services, Apollo Hospitals Enterprise, Healthcare Global Enterprises, Max Healthcare Institute and Aster DM Healthcare declined this week, amid Supreme Court observations on high mark-ups between price-to-retailer and MRP (maximum retail price) of medicines sold through corporate hospital pharmacies, raising concerns over potential pricing regulations.
The government notified CAFE-III fuel-efficiency norms for passenger vehicles (PVs), effective 1 April 2027 through 31 March 2032. The fleet fuel-consumption benchmark will tighten from 3.996 litres/100km (kilometres) in 2027-28 to 3.3273 litres/100km in 2031-32, while battery electric vehicles (BEVs) and range-extended electric vehicles (EVs) will receive a 3x compliance multiplier.
TD Power Systems received Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) approvals for listing 12,50,000 equity shares allotted to promoters on a preferential basis at ₹600 per share. The shares had a face value of ₹1 each and were approved for trading subject to confirmation of credit by National Securities Depository Limited (NSDL)/ Central Depository Services Limited (CDSL).
Premier Explosives said its independent directors committee issued recommendations on Apollo Micro Systems’ open offer for up to 1,39,77,911 shares, representing 26% of the equity share capital. The offer price was ₹698 per share plus ₹7.65 interest, taking the total consideration to ₹705.65 per share in cash.
Union Bank of India reported gross advances of ₹11,55,930 crore as of 30 September 2026, up 18.53% year-on-year (y-o-y), while domestic advances rose 17.36% y-o-y to ₹11,05,807 crore. Domestic current and savings account (CASA) deposits increased 14.66% y-o-y to ₹4,60,697 crore, while global business grew 12.02% y-o-y to ₹24,75,387 crore.
Biocon granted 94,60,232 stock options to eligible employees under the Biocon unity long term incentive plan 2026. The options covered one equity share of face value ₹5 each and were subject to the prescribed vesting schedule, with none vested at the time of grant.
Sunteck Realty’s board approved a scheme of arrangement for demerging the Sunteck City 4th Avenue business undertaking from wholly-owned subsidiary Satguru Corporate Services into Sunteck Realty. The undertaking had reported turnover of about ₹869 crore in FY2025-26, and implementation remained subject to statutory and national company law tribunal (NCLT) approvals.
Tata Consultancy Services entered into a multi-year agreement with Best Buy to transition its India Global Capability Center to TCS. The centre was planned to become an artificial intelligence (AI)-native capability centre focused on AI-powered experiences, solutions and technology innovation.
Yatra Online and its wholly-owned subsidiary, Globe ALL India Services, received GST show-cause notices for FY22-23 proposing tax demands of ₹21.36 crore and ₹18.53 crore, respectively, along with interest and penalties. Both companies planned to contest the demands and were given one month to respond to the notices.
JSW Dulux received a goods and services tax (GST) show-cause notice proposing a total liability of ₹11.84 lakh for FY22-23, comprising ₹6.50 lakh tax, ₹4.68 lakh interest and ₹0.65 lakh penalty. The company was responding to the notice which related to disallowance of input tax credit.
V2 Retail reported stand-alone Q2FY26-27 revenue of ₹905 crore, up 28.4% y-o-y from ₹705 crore. Festival-normalised same-store sales growth stood at 0.5%, while 106 stores were added in H1FY26-27, taking the total to 427 stores by 30 September 2026.
Shyam Metalics and Energy entered into a non-binding memorandum of understanding (MoU) with the government of Maharashtra to set up a 9MTPA (metric tonnes per annum) greenfield integrated steel complex in Chandrapur at an estimated investment of ₹50,000 crore. The project was expected to include pelletisation, sintering, coke making, blast furnace, , steel melting and continuous casting facilities.
Equitas Small Finance Bank reported gross advances of ₹50,694 crore as of 30 September 2026, up 29.58% y-o-y, while disbursements rose 38.66% y-o-y to about ₹7,461 crore. Total deposits increased 19.03% y-o-y to ₹52,483 crore, while the Bank also divested ₹110 crore of non-performing assets (NPAs) to an asset reconstruction company (ARC).
Mangalore Refinery and Petrochemicals reported a fire at its coker hydro-treater unit in Mangaluru after a cold separator operating under high pressure ruptured. The blaze was contained by emergency teams, while one person suffered a minor injury and was reported to be out of danger.
Sun TV Network clarified that reports about a possible demerger of its sports division were rumours and said it did not comment on market speculation. The company also said there was no material price-sensitive information or imminent announcement affecting its shares.
Balaji Amines received a directions and warning letter from the food and drug administration (FDA), Pune, relating to technical-grade propylene glycol sold for industrial use that was subsequently used in pharmaceuticals applications without the company’s knowledge. No penalty, prosecution or adverse order was passed against the company which reinforced its sales and documentation protocols.
Coforge expanded its engineering centre in Kraków (Poland) which had over 375 engineers and was expected to grow to more than 660 professionals by 2027. The centre added over 20,000sqft (square feet) of workspace to support AI-first engineering, cloud and modernisation services.
Eicher Motors’ subsidiary, VE Commercial Vehicles, recorded sales of 11,396 units in September 2026, up 49.6% y-o-y, with domestic Eicher trucks and buses sales rising 57.5% to 10,479 units. Financial year-to-date (FYTD) sales increased 21.5% y-o-y to 52,886 units, while exports declined 4.7% to 667 units.
Steel Strips Wheels recorded its highest-ever monthly net turnover of ₹625.81 crore in September 2026, up 52.40% y-o-y from ₹410.60 crore, while gross turnover rose 46.90% y-o-y to ₹728.78 crore. Total volume increased 27% y-o-y, with export value up 54%, aluminium wheels 82%, two-wheelers (2Ws) and three-wheelers (3Ws) 61% and trucks 54%.
Mahindra & Mahindra reported 2,912 trucks and buses above 3.5 tonnes in September 2026, up 53% y-o-y, while cumulative sales for April-September rose 22% to 17,805 units. Its farm equipment business sold 52,100 tractors in September, down 21% y-o-y, while cumulative tractor sales rose 7% to 274,068 units. Mahindra & Mahindra reported total auto sales of 114,874 vehicles in September 2026, up 15% y-o-y, with domestic utility vehicle sales rising 14% to 64,092 units and commercial vehicle sales increasing 14% to 30,420 units. Sales of 3Ws rose 26% to 16,343 units, while total exports declined 7% to 4,019 vehicles.
Escorts Kubota reported tractor sales of 15,214 units in September 2026, down 16.7% y-o-y, with domestic sales declining 16.2% to 14,911 units and exports falling 34.7% to 303 units. Cumulative April-September sales rose 10% y-o-y to 70,879 units.
Bajaj Auto reported total sales of 538,443 units in September 2026, up 5% y-o-y, with 2W sales rising 5% to 451,494 units and commercial vehicle sales increasing 9% to 86,949 units. April-September sales rose 24% y-o-y to 2,987,135 units, while domestic sales increased 7% and exports rose 47%.
The government launched the auction of two offshore mineral blocks in the Andaman Sea for composite licences covering exploration and mining. The blocks covered 1,000sqkm (square kilometre) and 632sqkm, respectively, and contained polymetallic nodules and crusts with cobalt, nickel, manganese, copper and rare earth elements.
Lloyds Metals and Energy produced 10mn (million) tonnes of iron ore in H1FY26-27, up 36% y-o-y, while pellet production stood at 3.8mn tonnes and DRI production rose 104% to 343,000 tonnes. Its second 4mn tonne pellet plant commenced operations, taking total pellet capacity to 8mn tonnes.
Maruti Suzuki India reported total sales of 236,013 units in September 2026, up 24.4% y-o-y, including domestic sales of 185,252 units, original equipment manufacturer (OEM) sales of 6,542 units and exports of 44,219 units. April-September total sales rose to 1,379,378 units from 1,078,735 units a year earlier.
Mankind Pharma's wholly-owned subsidiary, Bharat Serums and Vaccines, initiated voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code (IBC), following which statutory auditors SR Batliboi & Co LLP resigned with immediate effect. The resignation was driven by regulatory norms that bar a liquidator from engaging any professional who served as the company's auditor in the five years preceding liquidation.
Advait Energy Transitions subsidiary signed a master supply agreement with HiTHIUM for supply of 314 Ah LFP prismatic cells to support its planned 2.5GWh (gigawatt-hour) battery energy storage system (BESS) facility in Gujarat. The arrangement provides for cell off-take of up to 1GWh over the next year as the facility moves towards commercial production.
Tata Power EZ Charge expanded its EV charging network beyond 2,400 points across Maharashtra with the commissioning of a new charging hub in Malad West, Mumbai. The facility houses one 120kW (kilowatt) and three 60kW chargers across eight bays, operates round-the-clock and does not levy parking charges.
Servotech Renewable launched hybrid solar inverters and micro grid inverters, including IP65 and IP54 models, to strengthen its presence in domestic and international markets. The new products will be available for export to South Asian Association for Regional Cooperation (SAARC) countries and the Middle East.
Morepen Laboratories submitted its first abbreviated new drug application (ANDA) to the US food and drug administration (US FDA) for Sitagliptin tablets in 25mg (milligram), 50mg and 100mg dosages. The filing extends the company's established active pharmaceutical ingredient (API) and contract drug manufacturing organisation (CDMO) expertise into integrated finished dosage development and regulatory filings.
Indian Energy Exchange's wholly-owned subsidiary, Indian Coal Exchange, applied for a licence with the coal controller organisation to set up a coal trading exchange. Incorporated in June 2026 with ₹100 crore authorised capital, the entity plans a physical delivery-based marketplace under the Coal Exchange Rules, 2026.
Sun Pharma entered into a global licensing, commercialisation and manufacturing agreement with LIB Therapeutics for lerodalcibep (Lyrokaul), a once-monthly PCSK9 inhibitor approved by the European Union (EU) on 21st September. The pact grants Sun Pharma exclusive rights across all markets excluding US and China.
NMDC commissioned its ₹5,427-crore integrated project in Bastar, comprising a new iron ore processing plant at Bacheli, a 135km slurry pipeline and a 2MTPA pellet plant at Nagarnar. The facility enables conversion of iron ore fines from Bailadila mines into pellets for steelmaking.
Som Distilleries & Breweries announced that Madhya Pradesh High Court quashed the state’s rejection of the company’s excise licence renewal applications and directed renewal within 15 days.
OptiemusInfracom (+6.78%) extended recent gains following the binding term-sheet for a joint venture (JV) with Nothing Electronics for CMF products and positive sentiment around mandatory bureau of Indian standards (BIS) certification for smartphone screen protectors.
Clean Max Enviro Energy Solutions entered into a partnership with Nuvoco Vistas to develop a 46.4MW (megawatt) wind-solar hybrid renewable energy project in Rajasthan. The project comprised 20MW wind, 26.4MWp (megawatt-peak) solar and a 2MWh (megawatt-hour) BESS under a group captive structure.
Pfizer received an income-tax penalty order of ₹1,26,34,050 under Section 271G of the Income-Tax Act for the assessment year 2023-24. The company said it believed the order was not maintainable and planned to appeal against it.
TVS Srichakra received a GST show-cause notice proposing a demand of approximately ₹17.53 crore for 2022-23, including ₹8.05 crore tax, ₹7.78 crore interest and ₹1.70 crore penalty. The notice alleged excess input tax credit in GSTR-3B compared with GSTR-2B, while the company said no final penalty, restriction or sanction had been imposed.
Sanofi India received a GST show-cause notice for 2022-23 proposing a tax, interest and penalty demand of ₹16.40 crore. The notice cited discrepancies between e-way bills and GSTR-1, differences in turnover reported in GSTR-9C and GSTR-1, and issues related to input tax credit.
Piramal Pharma received an order-in-original from the Mumbai East CGST and central excise commissionerate concerning GST audits for 2020-21 to 2022-23. The order confirmed an input tax credit demand of ₹4.06 crore, along with applicable interest and an equivalent penalty and the company planned to appeal.
HG Infra Engineering said its wholly-owned subsidiary, HG Gobindpur Tangi Highway, achieved financial closure for a ₹1,582.11 crore six-lane access-controlled capital region Ring Road project in Odisha. The 40.33km project was being executed under the hybrid annuity mode, with a construction period of 910 days.
IRB Infrastructure Developers executed project implementation/management agreements with IRB InvIT Fund for projects operated by Solapur Yedeshi Tollway and CG Tollway. The agreements covered four-laning of the Solapur-Yedeshi section of NH-211 and six-laning of the Kishangarh-Udaipur-Ahmedabad section of NH-79, at a fixed price of approximately ₹2,663 crore over the remaining concession period of about 18 years.
Adani Ports and Special Economic Zone settled proceedings with the Securities and Exchange Board of India (SEBI) relating to alleged violations of securities regulations by paying ₹37.05 lakh. The settlement, received on 28 September 2026, covered the company and certain current and former directors and was concluded without admission or denial of the findings or legal conclusions.
Avalon Technologies clarified that the proposed block deal involving Bhaskar Srinivasan and his promoter group did not involve Kunhamed Bicha or his promoter group. As of 29 September 2026, Bhaskar Srinivasan’s promoter group held 1,03,12,775 shares, or 15.42% of Avalon Technologies.
KNR Constructions received income-tax penalty orders totalling ₹91.84 crore for assessment years 2017-18 to 2020-21 under Section 270A of the Income-Tax Act. The company said the demands were not sustainable under law and planned to file appeals.
Indian Railway Finance Corporation was penalised by NSE and BSE for non-compliance with SEBI listing regulations relating to board and committee composition for the quarter ended 30 June 2026. The company sought waiver of the fines and said the appointment of required independent directors was the responsibility of the ministry of railways.
Allied Blenders and Distillers’ arbitration proceedings against the canteen stores department (CSD) were terminated after the sole arbitrator concluded that no arbitration agreement existed between the parties. The company said it planned to explore legal avenues to contest the jurisdictional decision and seek recovery of the disputed claims.
Adani Enterprises clarified that its wholly-owned subsidiary, Adani Airport Holdings, had previously disclosed a proposed private placement of non-convertible debentures (NCDs) and that Adani Enterprises was not directly involved in the bond transaction. The company said it had no separate reporting obligation for the transaction.
JBM Auto registered 274 electric buses in September 2026, giving it a 33% market share, while its April-September registrations stood at 892 units, translating into an estimated 24% market share. Its electric buses had covered more than 450mn e-kilometres to date.
Nuvoco Vistas’ wholly-owned subsidiary, NU Vista, received a GST show-cause notice proposing a demand of ₹24.99 crore for FY2022-23. The company said the demand arose from incorrect calculations and planned to contest the notice with supporting documents and legal precedents.
Tata Motors Passenger Vehicles reported Q2FY26-27 sales of 201,723 units, up 40% y-o-y, with domestic sales rising 40% to 196,674 units and international sales increasing 20% to 5,049 units. EV sales exceeded 47,000 units, up 90% y-o-y, while EVs and compressed natural gas (CNG) vehicles, together, accounted for more than half of sales.
Ashok Leyland reported total vehicle sales of 24,049 units in September 2026, up 28% y-o-y, with medium & heavy commercial vehicle (M&HCV) sales rising 37% to 16,188 units and light commercial vehicle (LCV) sales increasing 12% to 7,861 units. April-September total sales rose 22% y-o-y to 113,440 units.
Amber Enterprises received an NCLT order in connection with its proposed amalgamation with wholly-owned subsidiary Amber PRTechnoplast, with the income-tax department and official liquidator reporting no objections. The matter was scheduled for further consideration on 23 October 2026, subject to reports from other statutory authorities.
SRF received a GST show-cause notice proposing action over ₹266.32 crore of input tax credit for FY2022-23 and FY2023-24. The company said it was reviewing the notice and intended to contest the allegations which it considered legally unsustainable.
Infosys entered into a collaboration with Columbia University to establish the Infosys Topaz–Columbia University Enterprise AI Center. The Centre was planned to focus on enterprise AI research, including AI-first experiences and processes, responsible and sustainable AI, and AI for marketing.
Hero MotoCorp reported September 2026 dispatches of 766,348 units, up 12% y-o-y, including 710,436 domestic internal combustion engine (ICE) units. VIDA dispatches stood at 28,798 units, while global business dispatches rose 5% sequentially to 27,330 units.
Coal India reported September coal supplies of 61.20mn tonnes, up 12.5% y-o-y, while supplies to the power sector rose 10.63% to 48.90mn tonnes. Q2FY26-27 coal supplies increased 12.04% y-o-y to 186.04mn tonnes, while production rose 3.81% to 151.37mn tonnes.
Karnataka Bank reported provisional gross advances of ₹92,014.58 crore as of 30 September 2026, up 24.94% y-o-y and 6.24% sequentially. Total deposits rose 11.98% y-o-y to ₹1,15,138.05 crore, while CASA increased 14.88% y-o-y to ₹36,626.38 crore.
Orders
ADF Foods entered into an engineering-procurement-construction (EPC) contract with CleanMax Enviro Energy Solutions for a 950KWp (kilowatt-peak) rooftop solar plant at its Surat facility in Gujarat. The plant was expected to meet about 46% of the facility’s energy demand and was scheduled for commissioning by end-2026.
Action Construction Equipment received an order from the Border Roads Organisation to supply 74 four-wheel-drive backhoe loaders. The company disclosed the order through a regulatory filing.
Kalpataru Projects received a letter of award for a gas pipeline project in the United Arab Emirates (UAE), classified as major with an estimated value exceeding ₹4,000 crore. The win reinforces the company's growing footprint in the global oil & gas EPC sector.
Paras Defence secured a ₹26.59 crore order from DRDO as lead system integrator for the complete design and fabrication of the optics and opto-mechanical unit for a hyperspectral mission. The domestic project, with a performance security of ₹79.76 lakh, carries a delivery deadline of 27 September 2027.
Marine Electricals secured orders totalling ₹250.78 crore from Digital Edge DC, Socomec India and STT Global Data Centres for supply of power distribution systems. Deliveries are spread over four to 12 months, deepening the company's ties with leading data centre players.
Dilip Buildcon emerged as the L-1 bidder for NHAI's ₹688.23-crore project to build a 9.66km four-lane elevated corridor on NH-65 in Solapur city. The hybrid annuity project involves 24 months of construction followed by 15 years of operation. Dilip Buildcon was also declared L-1 for RECPDCL's 400KV (kilovolt) AIS Yavatmal transmission project with an EPC value of ₹1,151.47 crore. The company will acquire 100% equity of the project special purpose vehicle (SPV_ and execute the project on a build-operate-own-transfer (BOOT) basis for 35 years post commissioning.
Lupin received tentative approval from the US FDA for its Apixaban oral suspension 1.25mg/mL, a liquid formulation offering an alternative for patients unable to swallow tablets. The product will be manufactured at the company's Somerset (New Jersey) facility upon final approval.
KPI Green Energy received an approximately ₹2,025 crore work order from NACOF Oorja for a 500MW/550MWp solar photovoltaic project in Rajasthan. The turnkey EPC contract covered design, engineering, procurement, installation, testing and commissioning, with completion scheduled within 12 months from site handover.
Seamec entered into a Bimco charter party agreement with GR Infraprojects for chartering its vessel SEAMEC II for sub-sea installation work under ONGC’s pipeline replacement project and DSF-2 project. The contract was valued at about US$19.02mn excluding GST for 180 days, with commencement scheduled between 15 October and 31 October 2026.
GPT Infraprojects’ South African subsidiary received a contract from Transnet Freight Rail to manufacture and supply railway concrete sleepers for ZAR 660mn plus VAT, equivalent to approximately ₹385 crore plus VAT. The contract was scheduled to be executed over five years.
Investment/ Acquisition / Stake Stale /Join Venture
Jubilant Ingrevia incorporated wholly-owned subsidiary, Jubilant Advanced Electronics, with proposed initial paid-up capital of up to ₹10 crore. The subsidiary was to invest in a 40% strategic equity stake in Zettaone Technologies and focus on electronics and semiconductor manufacturing.
Bajaj Finance approved a capital raise of up to ₹17,500 crore through a qualified institutional placement (QIP) of up to ₹11,700 crore and a preferential issue of warrants to promoter Bajaj Finserv for up to ₹5,800 crore. The company planned to seek shareholder approval through an extraordinary general meeting (EGM).
Gland Pharma planned to invest US$21mn in Gland Pharma USA, which would use the funds to acquire 60% of newly-incorporated Novelstar Pharma for cash. The transaction was expected to be completed by 31 October 2026, with Fosun Pharma USA holding the remaining 40% stake in Novelstar.
Apollo Tyres allotted ₹500 crore of secured, listed, rated and redeemable NCDs through private placement. The NCDs carried three-year tenure, 7.81% annual coupon and are set to mature on 28 September 2029.
Aegis Logistics’ board approved raising up to ₹6,000 crore through equity shares, FCCBs (foreign currency convertible bonds), American depositary receipts (ADRs), global depositary receipts (GDRs) and debt instruments via public issues or private placements. The company also approved higher borrowing limits under Section 180(1)(c) and creation of charge on assets, subject to shareholder approval.
Tube Investments of India invested ₹250 crore in subsidiary TI Clean Mobility through the subscription of 2.5 crore series c compulsorily convertible preference shares. The investment was formalised, under a subscription agreement and an amended shareholders’ agreement with existing investors.
Transport Corporation of India approved a buyback of up to 15,62,500 equity shares, or 2.03% of its equity, at ₹960 per share for a total amount of up to ₹150 crore. The board also approved setting up a wholly-owned logistics and supply-chain subsidiary in China with an investment of up to US$2mn.
Imagicaaworld Entertainment approved the allotment of 2,34,82,500 equity shares at ₹73.50 per share following the conversion of warrants allotted on a preferential basis in March 2025. The company received the remaining 75% subscription amount of ₹129.45 crore, completing the conversion with no outstanding warrants.
Anupam Rasayan India acquired 22.5 lakh shares of Bliss GVS Pharma, representing about 2.12% of its paid-up equity, for ₹162.74 crore through an on-market transaction. Following the acquisition, Anupam Rasayan and persons acting in concert held 50.07% of Bliss GVS Pharma and became its new promoters.
Newgen Software, through its US subsidiary Newgen Software Inc, entered into a US$5.48mn agreement with an undisclosed US health insurance company for its complaints, appeals and grievances solution. The contract covered supply, installation, implementation and cloud hosting on Newgen’s cloud platform over three years.
JM Financial said its subsidiary, JMFARC, allotted 16,25,85,928 equity shares to JMFCSL on a rights basis for ₹162.59 crore. Following the issue, JMFCSL’s stake in JMFARC increased from 81.77% to 84.87%, with the funds intended for working capital, growth plans and general corporate purposes.
Tata Motors, through TML Smart City Mobility Solutions, acquired a 26% stake in Mateshwari E-Smart Mobility for ₹2.60 lakh, making the company an associate. The investment involved 26,000 equity shares and related to projects for operating and maintaining electric buses, with the entity having been awarded an electric-bus services tender in Telangana.
LT Foods said its subsidiary, Nature Bio Foods BV, entered into an agreement to raise its stake in Netherlands-based Leev.nu BV from 30% to 70.75% at an equity value of €1.735mn through cash consideration. The transaction was expected to be completed in October 2026.
Vedanta allotted ₹2,000 crore of unsecured, redeemable, rated and listed NCDs through private placement. The NCDs had a face value of ₹1 lakh each and were issued under approvals from the company’s committee of directors.
Motilal Oswal Financial Services allotted 90,000 secured, rated, redeemable and listed senior NCDs with a face value of ₹1 lakh each, aggregating to ₹900 crore, through private placement. The three-year-and-25-day bonds were set to mature on October 25, 2029, and were secured by a first-ranking pari passu charge over eligible receivables.
KPI Green Energy entered into a binding offer to acquire 100% of Alfanar Energy and Netra Wind at an enterprise value of approximately ₹2,410 crore. The two companies owned 507.9MW of operational wind projects in Bhuj (Gujarat) and the transaction was expected to be completed by 28 February 2027, subject to conditions and approvals.
Time Technoplast approved the merger of its subsidiary, TPL Plastech, with the company subject to statutory and regulatory approvals. Under the share-swap terms, 403 Time Technoplast shares will be issued for every 1,000 TPL Plastech shares, while the company will issue 79,01,516 new shares to TPL’s minority shareholders.
Zota Health Care subscribed to 39,228 shares of wholly-owned subsidiary, Davaindia Health Mart, through a rights issue for ₹19.91 crore, maintaining full ownership of the subsidiary. The investment was intended to support Davaindia’s working capital requirements. Zota Health Care subscribed to 21,00,000 shares of wholly-owned subsidiary KMHP Ventures through a rights issue for ₹2.10 crore. KMHP was developing retail stores under the Ugo Generic brand and the investment was intended to support store expansion and working capital.
Capri Global Capital redeemed its ₹75 crore commercial paper in full on 1 October 2026, on the due date, with no outstanding amount remaining. The redemption involved no partial repayment or call/put option.
Gland Pharma planned to invest US$21mn in Gland Pharma USA, which would subscribe to 60% of newly-incorporated Novelstar Pharma for cash. The transaction was expected to be completed by 31 October 2026, with Fosun Pharma USA holding the remaining 40% stake.
Top gainers and losers of the major indices for the week are given in the table below:
