Markets

Kshitij Polyline Updates Proposed Rights Issue, Releasing Corrigendum with Revised Share Count and Issue Proceeds Kshitij Polyline Limited has issued a Corrigendum to its Letter of Offer regarding a proposed Rights Issue, incorporating several consequential revisions related to the share offering structure. The updates address previous typographical errors and ensure accurate representation of the intended capital raise.The revised rights issue aims to offer 61,697,950 Rights Equity Shares at an Issue Price of ₹3.17 per Right Equity Share. This issuance aggregates up to ₹1,955.83 Lakhs. The entitlement ratio remains fixed at two Rights Equity Shares for every five fully paid-up Equity Shares held by eligible shareholders as of the...

Axis Bank Receives Final Listing Approval for Senior Notes Under U.S.$5 Billion GMTN Programme Axis Bank Limited has secured the final listing approval for U.S.$300,000,000 5.179 per cent. Senior Notes, which are being issued as part of the Bank's U.S.$5,000,000,000 GMTN Programme.The senior notes have received final listing approval from two major financial entities: the Global Securities Market of the India International Exchange (India INX) Limited and the Debt Securities Market of the NSE IFSC Limited (NSE IX).This development follows a sequence of communications regarding the issuance structure and is intended for information to all concerned parties.The pricing supplements relating to these notes are available online via the...

Karur Vysya Bank Revises Marginal Cost of Funds Based Lending Rates (MCLR) Karur Vysya Bank Limited (KVB) has announced a revision to its Marginal Cost of Funds Based Lending Rates (MCLR). The updated rates will become effective starting August 22, 2026.The bank provided details regarding the changes across various lending periods. The revisions cover MCLR rates for overnight and short to medium-term loans, as detailed below:Nature of ROIExisting RateRevised RateOvernight MCLR8.85%9.00%One-month MCLR8.75%9.00%Three-month MCLR8.95%9.15%Six-month MCLR9.15%9.30%One-year MCLR9.35%9.40%KARURVYSYA Stock Price Movement On Friday, shares of Karur Vysya Bank Limited edged higher, closing at ₹335.55 after gaining 0.43%...

Tata Motors Passenger Vehicles Increases Prices of Cars and SUVs Effective September 1, 2026 Mumbai, August 21, 2026: Tata Motors Passenger Vehicles Ltd. (TMPV), a key manufacturer of cars and SUVs in India, has announced a price revision across its entire portfolio. The increase, effective from September 1, 2026, will amount to up to Rs 25,000 for various models and variants.The price adjustment covers both internal combustion engine (ICE) vehicles and electric vehicles (EVs). TMPV stated that the magnitude of the hike will vary across its different offerings, ensuring that the overall value proposition of each product remains intact despite the change.This decision to revise pricing is a measure undertaken to partially absorb the...

Arihant Capital Markets Limited Appoints Sanjeev Jain as Chief Financial Officer Arihant Capital Markets Limited has announced the appointment of Mr. Sanjeev Jain as its new Chief Financial Officer (CFO), effective August 20, 2026. The appointment was made by the company's Board of Directors following recommendations from the Nomination and Remuneration Committee and approval from the Audit Committee.Mr. Sanjeev Jain brings extensive experience to the role, having served as a Chartered Accountant with over 22 years in senior finance and leadership positions across various sectors including financial services, insurance, manufacturing, aviation, petroleum, and banking.The appointment details and professional background of Mr. Jain...

PDS Limited Divests Stake in DBS Lifestyle as Part of Portfolio Rationalization Strategy PDS Limited has entered into a Share Purchase Agreement (SPA) for the sale of its remaining 49% stake in DBS Lifestyle India Private Limited, an associate company. The transaction was finalized on August 20, 2026, with Mr. Bhawnish Suri and Mrs. Divya Suri as buyers.The proposed divestment is part of PDS Limited's broader strategy to rationalize its portfolio of new verticals, focusing on curtailing losses and improving profitability across the company. Management stated that the sale reinforces PDS Limited’s commitment to disciplined capital allocation by divesting DBS Lifestyle, which was specifically identified as an action step in previous...

NCLT Passes Interim Order in Scheme of Merger: Hinduja Leyland Finance Limited to be Absorbed by NDL Ventures LimitedNDL Ventures Limited, formerly known as NTDIGITAL LIMITED, is set to absorb Hinduja Leyland Finance Limited under a proposed Scheme of Merger. The merger process received an interim order from the National Company Law Tribunal (NCLT), confirming the admission and scheduling of the petition for both companies.The NCLT issued the Interim Order on August 13, 2026, regarding the Scheme of Merger by Absorption of Hinduja Leyland Finance Limited into NDL Ventures Limited. This move involves the respective shareholders of both organizations.The Tribunal's action relates to a Petition filed under Sections 230 to 232 of the...

Welspun Corp Secures Largest Single Order in History, Boosting Global Order Book to Record HighWelspun Corp Limited has achieved a significant milestone, securing the largest single order in its company history. The deal involves supplying pipes from the company’s manufacturing facility located in the United States of America.The record-breaking order is valued at approximately USD 1.8 billion, which translates to roughly ₹17,200 Crore. This win marks a defining moment for the company's global growth trajectory and reaffirms its position as a trusted partner within the international energy and infrastructure sector.The execution of this substantial order is scheduled between FY 2028 and FY 2029. The acquisition substantially...

HDFC Bank Issues US$ 1.75 Billion in Senior Unsecured Bonds via GIFT City Branch HDFC Bank Limited, acting through its GIFT City Branch, has successfully completed the issuance of Senior Unsecured Bonds amounting to a total of US$ 1,750 million. This multi-tranche bond issuance provides financing structured across different maturities and terms.The issuance involved two tranches of Senior Unsecured Fixed Rate Notes. These notes were issued under the 144A / Regulation S format and are intended for international markets, with both series listing on India INX (India International Exchange (IFSC) Limited) and NSE International Exchange (NSE-IX).FeatureTranche 1Tranche 2Issue SizeUS$ 500 MillionUS$ 1,250 MillionTenor3 years5...

P N Gadgil Jewellers Completes Acquisition of Silvostyle Jewellers for 100% Stake P N Gadgil Jewellers Limited has approved the acquisition of a 100% equity stake in Silvostyle Jewellers Limited (SJL). This move is set to consolidate and strengthen the company's presence within the jewellery sector, making SJL a wholly-owned subsidiary upon completion of the transaction.The Board of Directors, during its meeting held on August 20, 2026, approved the acquisition of Silvostyle Jewellers Limited (SJL). The transaction involves acquiring 100% of SJL's equity share capital through a combination of new share subscriptions and existing shareholder purchases.The total consideration for the acquisition is Rs. 27.96 Crores. This sum is...

Siddhika Coatings Limited Confirms Compliance with Structured Digital Database (SDD) for Financial Year 2026 Siddhika Coatings Limited has confirmed its adherence to compliance requirements related to insider trading and information management, following an audit covering the financial year ended March 31, 2026. The certification verifies that the company maintains a robust Structured Digital Database (SDD) system to manage Unpublished Price Sensitive Information (UPSI).The certificate confirms that Siddhika Coatings Limited has implemented a Structured Digital Database and ensures strict control over who accesses this information. All UPSI disseminated during the financial year, spanning from April 1, 2025, to March 31, 2026, was...

International Conveyors Limited Announces Record Date, Book Closure for Dividend and AGM International Conveyors Limited has announced the key dates concerning the record date, book closure, and cut-off date for its shareholders. These dates are set for various purposes related to the payment of a final dividend and the upcoming Annual General Meeting (AGM).The company fixed Thursday, September 17, 2026, as both the record date and the cutoff date. This date is critical for determining shareholders holding shares—whether in physical form or dematerialized form—for two primary objectives: payment of the final dividend (if declared at the ensuing AGM) and facilitating remote e-voting.The Register and Share Transfer Book of the Company...

Netweb Technologies India Secures ₹1,200 Crore in Qualified Institutional Placement of Equity Shares Netweb Technologies India Limited has successfully completed a Qualified Institutions Placement (QIP) of equity shares. The issue, which opened on August 17, 2026, and closed on August 20, 2026, resulted in the allotment of 25,05,219 Equity Shares to qualified institutional buyers.The placement, which aggregated to ₹ 1,200.00 Crore (Rupees One Thousand Two Hundred Crore), was conducted at an issue price of ₹ 4,790.00 per Equity Share. This price represented a premium of ₹ 4,788.00 per Equity Share and included a discount of ₹ 95.90 per Equity Share relative to the floor price.The infusion of capital has increased the paid-up Equity...

Eicher Motors Shareholders Approve Reappointment of Director and Appoint Executive Vice-Chairman Eicher Motors Limited shareholders utilized the 44th Annual General Meeting held on August 20, 2026, to approve significant corporate appointments, including the re-appointment of a director and the appointment of a new Executive Vice-Chairman.The meeting saw the approval for the re-appointment of Mr. Siddhartha Vikram Lal (DIN: 00037645) as a Director of the Company, fulfilling the requirement that he had retired by rotation.Furthermore, the shareholders approved the appointment of Mr. Vinod Kumar Aggarwal (DIN: 00038906) to the role of Executive Vice-Chairman and Executive Director for a period of three years. This appointment comes...

Netweb Technologies India Completes Qualified Institutional Placement Allocation Netweb Technologies India Limited announced the outcome of its Fund Raising Committee meeting, confirming the closure and allocation details for the Qualified Institutions Placement (QIP) of equity shares. The Issue concluded on August 20, 2026, following the receipt of application forms and necessary funds from eligible qualified institutional buyers.The Committee determined and approved the allocation of 25,05,219 Equity Shares to the participating qualified institutional buyers. These shares were allotted at an issue price of ₹ 4,790.00 per Equity Share. This pricing structure included a premium of ₹ 4,788.00 per Equity Share and was established at a...

Metropolis Healthcare Subsidiary Plans OCRPS Issuance: MQSPL to Transition Status Post-Conversion Metropolis Healthcare Limited has announced a corporate development involving its subsidiary, Metropolis Quality Solutions Private Limited (MQSPL). The Board of Directors of MQSPL has approved the offer and issuance of Optionally Convertible Redeemable Preference Shares (OCRPS). This move is expected to alter the relationship between the two entities; upon successful subscription and subsequent conversion of these OCRPS into equity shares, MQSPL will cease to be a wholly owned subsidiary but will continue to remain a subsidiary of Metropolis Healthcare Limited.The transaction involves the issuance of 10,000 OCRPS, each having a face value...

Sanathan Textiles Commences Commercial Production of Expanded Technical Yarn Capacity in Silvassa Sanathan Textiles Limited has announced that it has commenced commercial production from its expanded Technical Textiles yarn manufacturing capacity at its Silvassa facility. This significant expansion includes a doubling of the company's Technical Textiles yarn capacity and raises the total installed capacity across all three yarn verticals, spanning both the Silvassa and Punjab locations.The specialized technical textiles segment is vital for high-growth applications. Sanathan Textiles’ yarns are utilized across diverse sectors including automotive, agriculture, defence, infrastructure, roads and railways, sportswear, healthcare...

Rane (Madras) Completes Acquisition of Hindustan Composites Limited Friction Business Rane (Madras) Limited (RML) announced the successful completion of its acquisition of the Friction Business from Hindustan Composites Limited (HCL). The transaction was finalized on August 20, 2026.The acquisition follows a Business Transfer Agreement (BTA) signed between RML and HCL on June 30, 2026. This agreement allowed Rane to acquire the friction business of HCL as a going concern through a slump sale basis.Upon fulfilling all customary regulatory approvals and other closing conditions, the acquisition was completed today. The acquired Friction Business will be integrated into RML’s Brake Components Business segment.The completion of this...

SPR Auto Technologies Completes Equity Placement of ₹4,280 Per Share to QIBs SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, announced the successful closure and allocation of equity shares in a Qualified Institutional Placement (QIP). The outcome was determined by the Finance and Investment Committee at a meeting held on August 20, 2026.The company confirmed that the Issue, which had opened on August 17, 2026, concluded on August 20, 2026, following the receipt of application forms and funds from eligible Qualified Institutional Buyers (QIBs).Key decisions reached by the Finance and Investment Committee regarding the placement were:Allocation: 23,36,448 Equity Shares were allocated to the QIBs. Issue...

SPR Auto Technologies Completes Qualified Institutions Placement of Equity SharesSPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) announced the successful completion of a qualified institutions placement (QIP) for its equity shares. The Finance and Investment Committee approved the allotment following the issue, which took place between August 17, 2026, and August 20, 2026.The Company allotted a total of 23,36,448 Equity Shares to 45 investors at an issue price of ₹ 4,280.00 per Equity Share. The transaction generated proceeds amounting to ₹ 9,99,99,97,440.00. This amount includes a premium of ₹ 4,270.00 per Equity Share over the floor price.The capital structure of SPR Auto Technologies was updated...