Markets

Max Estates Completes Acquisition of Nine Land Owning Companies, Securing 84.7-Acre Platform in Najafgarh Max Estates Limited has completed a major strategic acquisition, purchasing the entire ownership interest in nine land owning companies. The transaction, which also included a significant preferential issue, secured an approximately 84.7-acre land platform located in Sector 3, Najafgarh, Delhi.The acquired entities, which collectively form the 'Land Owning Companies,' are set to become wholly-owned subsidiaries of Max Estates Limited. The acquisition focuses on the Real Estate industry and aligns with the opportunities presented by the Master Plan for Delhi-2047, offering Max Estates a long-term development platform in the...

<h1>Juniper Green Energy Reports Commissioning of New Wind Power Capacity, Boosting Group Operational Capacity</h1>Juniper Green Energy Limited has announced the successful commissioning of additional renewable energy capacity through its subsidiary, Juniper Green Stellar Private Limited. The commissioning marks a significant expansion in the company's renewable energy portfolio.The wholly-owned subsidiary commissioned 12.40 MW of wind power capacity as part of its larger Firm and Dispatchable Renewable Energy Project.Following this commissioning, the capacity of the project under the subsidiary now stands at 177.6 MWp and approximately 201 MWh BESS. This figure is being achieved within the total planned capacity of 232.4 MWp and...

Welspun Living Limited Cancels Acquisition of 26% Equity Stake in Clean Max Welspun Living Limited (WLL) has announced the cancellation of its proposed acquisition of a 26% equity stake in Clean Max Dhyuthi Private Limited. The transaction, which was previously scheduled for completion by August 31, 2026, was mutually abandoned by WLL and Welspun Corp Limited (WCL).The acquisition pertained to 48,599 equity shares of Clean Max, which was engaged in the generation and supply of solar and renewable energy under a captive model. These shares, with a face value of Rs. 10/- each, represented 26% of the total paid-up equity share capital of CleanMax.The deal was set to be completed by WLL, which had approved the purchase, from WCL, a...

Delhi High Court Orders Forensic Audit of Erstwhile Promoter Shareholding in Fortis Healthcare A single judge bench of the Delhi High Court passed an order on August 31, 2026, concerning applications filed by Daiichi Sankyo Company, Limited against Fortis Healthcare Limited. The Court directed the appointment of a forensic auditor to conduct an inquiry into the dissipation of shareholding of the Singh Brothers, the company's erstwhile promoters, the subsequent change in control of the company, and the role of relevant stakeholders in the matter.The Court's directive is purely investigative in nature. It is important to note that the Hon'ble Court has not imposed any liability, penalty, or fine on Fortis Healthcare Limited. The company...

Sudarshan Chemical Sells 100% Stake in VP4 Frankfurt to Celanese US Holdings Sudarshan Chemical Industries Limited has finalized the definitive agreement for the sale of its stake in VP4 Frankfurt GmbH. The sale, which involves the transfer of 100% ownership in VP4 Frankfurt, was executed by Sudarshan Germany Horizons GmbH, a Step-Down Wholly-Owned Subsidiary of the Company, on August 31, 2026.VP4 Frankfurt GmbH, a Wholly-Owned Subsidiary of Sudarshan Germany Horizons and a Step-Down Wholly-Owned Subsidiary of Sudarshan Chemical Industries Limited, is primarily engaged in the manufacture of certain intermediates. The company operates as a tolling operator, and only a small portion of its output is reserved for the captive consumption...

Max Estates Acquires ~84.71-Acre Land Parcel in Delhi via Non-Cash Share Swap, Unlocking Significant GDV Opportunity Max Estates Limited, the real estate arm of the Max Group, has entered into a Share Purchase Agreement to acquire the entire ownership interest in promoter-owned land-holding companies that hold a large parcel in West Delhi. The acquisition is structured as a non-cash share swap transaction.The deal involves the acquisition of 100% of the ownership interest in nine companies: Trophy Estates Private Limited, TVP Investments Private Limited, Hometrail Properties Private Limited, TR Asset Ventures Private Limited, Wegmans Business Park Private Limited, Seven Heaven Buildmart Private Limited, Vitasta Estates Private...

SML Mahindra Reports Robust Sales Growth Across Cargo and Passenger Vehicles SML Mahindra Limited has reported its sales figures for August 2026, showing notable growth across its product lines, including both Cargo and Passenger Vehicles. The company's sales figures provide a clear picture of the operational performance for the month and the cumulative period from April to August.The sales for August 2026, when compared to the same month in the preceding financial year, demonstrated significant increases for both cargo and passenger segments. The company reported a total sales volume of 1175 units in August 2026.Details of the monthly and cumulative sales performance are presented below:CategoryAugust 2026-27August 2025-26%...

LIC Housing Finance Limited Announces Senior Management Change as Joint General Manager Superannuates LIC Housing Finance Limited has confirmed a change in its Senior Management Personnel (SMP), effective August 31, 2026.The company announced the departure of a senior executive from its management team.The details of the personnel change are as follows:NameDesignationReason of ChangeShri I SreedharJoint General ManagerCessation - Superannuation from the CompanyLICHSGFIN Stock Price Movement On Monday, LIC Housing Finance Limited shares edged higher, gaining 0.64% and settling at ₹538.4. The stock saw robust interest, with the 3.37 million shares traded during the session.

Sun Pharma Commits MFN Pricing to US Government, Securing Two-Year Tariff Delay Sun Pharmaceutical Industries Limited (Sun Pharma) and its affiliated companies announced agreements with the U.S. government at a White House ceremony, focusing on improving access to medicines for American patients.Sun Pharma committed to implementing Most Favored Nation (MFN) pricing for state Medicaid programs. The company also pledged MFN pricing for all future innovative medicine launches. In recognition of Sun Pharma’s investment in the U.S. market, the agreements include delaying Section 232 tariffs on innovative pharmaceutical products for over two years."Our mission is to reach people and touch lives by providing quality medicines across a...

TML Group Subsidiary Launches Tender Offer for Iveco Group Shares, Consob Approves Document A voluntary totalitarian tender offer has been announced for all common shares of Iveco Group N.V. (IVG). The offer is promoted by TML CV Holdings Pte. Ltd., through its subsidiary TML CV Holdings B.V., following the approval of the Offer Document by Consob, the Italian regulatory body.The Offer targets all common shares of Iveco Group N.V. The tender offer is set to be launched in Italy and extended to the United States of America.The key terms of the tender offer are as follows:DetailInformationTarget CompanyIveco Group N.V. (IVG)OfferorTML CV Holdings B.V.ConsiderationEuro 14.10 (cum dividend) per Common ShareAcceptance...

UltraTech Cement Limited Commences Commercial Production at Wires & Cables Plant in Gujarat UltraTech Cement Limited has begun the commercial production of its Wires & Cables product line at its plant located in Bharuch, Gujarat. The plant commenced operations on September 1, 2026.The new Wires & Cables facility is equipped to manufacture House Wires and Light Duty Cables. The company has established a significant installed capacity at the Jhagadia plant, which is situated in the state of Gujarat.Key details regarding the new facility are provided below:DetailInformationPlant LocationJhagadia, GujaratProducts ManufacturedHouse Wires & Light Duty CablesInstalled Capacity1,098,000 KMULTRACEMCO Stock Price Movement On...

Angel One Reports Key Business Parameters: Client Acquisition Rises, Avg Client Funding Reaches Highs Angel One Limited reported its key business parameters for August 2026, detailing metrics across client engagement, trading activity, and market share. The company noted positive client acquisition trends and sustained investment-led engagement, even as average daily orders and turnover market share moderated during the month.The company's financial parameters for August 2026 highlight growth in client metrics. Gross client acquisition and Unique MF SIP registrations saw upward movement, while the average client funding book reached an all-time high.Key business parameters for Angel One Limited for August 2026, compared to July 2026...

NIIT Learning Systems Limited plans voluntary dissolution and winding up of MST Shanghai Co. Limited NIIT Learning Systems Limited has announced the voluntary dissolution and winding up of MST Shanghai Co. Limited, a step-down wholly owned subsidiary (WoS). The decision regarding the dissolution was made on August 31, 2026.The voluntary dissolution and winding up of the entity are planned to streamline and simplify the overall corporate structure of the Company.MST Shanghai Co. Limited had become a step-down wholly owned subsidiary of NIIT Learning Systems Limited subsequent to the acquisition of MST Investment Holding GmbH and its subsidiaries. This acquisition was carried out by NIIT (Ireland) Limited, a wholly owned overseas...

Sudarshan Chemical Sells VP4 Frankfurt to Celanese, Sharpening Focus on Core Pigments Business Sudarshan Chemical Industries Limited (Sudarshan) has announced the sale of its step-down subsidiary VP4 Frankfurt GmbH to Celanese Corporation, USA. This divestment aims to sharpen Sudarshan's strategic focus on its core pigments business.VP4 Frankfurt is involved in the manufacture of certain intermediates, such as Diketene. The company operates primarily as a tolling operator for Nutrinova, an affiliate of Celanese Corporation and Mitsui & Co. Japan. The business unit became part of Sudarshan following the acquisition of the Heubach Group.The transaction strategically aligns VP4 Frankfurt with its principal customer, Nutrinova. Diketene...

Max Estates Acquires 84.71 Acres of Land in Delhi for Equity, Securing Strategic Pipeline Max Estates Limited has acquired a significant land bank in West Delhi, positioning the company to expand its presence in the capital region. The transaction involves the acquisition of approximately 84.71 acres of land, intended for future residential development within the National Capital Territory (NCT) of Delhi.The acquisition represents a substantial addition to the company’s land portfolio, targeting the estimated Gross Developed Value (GDV) of ₹10,000 to 12,000 Cr over the coming years. Crucially, the consideration for the land was met entirely through equity, requiring no deployment of existing cash from Max Estates.This move addresses...

E2E Networks Signs Binding Term Sheet Worth Rs. 1,000 Crore with Sovereign AI Company E2E Networks Limited, an AI cloud infrastructure company based in India, announced that it has signed a binding term sheet with a Sovereign AI company located in India. The agreement, which involves the provision of NVIDIA Blackwell cloud GPUs and allied services, carries an aggregate contract value of approximately Rs. 1,000 crore (exclusive of taxes) and is set to continue through June 2029.The deal marks a significant shift for E2E Networks, providing greater revenue visibility over a multi-year period.Commenting on this development, Nitin Jain, Chief Financial Officer of E2E Networks, stated that the engagement transitions the NVIDIA Blackwell...

Persistent Systems Limited receives 'A' ESG Rating from SES ESG Research Persistent Systems Limited has received an ESG rating for the fiscal year 2025-26 from SES ESG Research Private Limited.The assessment was completed by the agency, which assigned an ESG Score of 83.3 to Persistent Systems Limited. As per the methodology utilized by SES ESG Research Private Limited, the assigned rating is 'A'.The assessment and the resulting report issued by the agency are voluntary. The rating is based on the Company's disclosures for FY 2025-26, as well as other publicly available information.SES ESG Research Private Limited is noted as a wholly owned subsidiary of M/s. Stakeholders Empowerment Services. The agency is registered as a...

Aegeus Technologies Ltd Approves 9th AGM and Regularizes Appointment of Independent Director Anil Kapoor Aegeus Technologies Ltd, previously known as Aegeus Technologies Private Limited, announced the outcomes of its Board meeting held on August 27, 2026. The board meeting addressed several key operational and governance matters, including the scheduling of the 9th Annual General Meeting (AGM) and the regularization of an independent director appointment.The company approved the convening of its 9th Annual General Meeting (AGM) on Wednesday, September 30, 2026, at 12:00 Noon (IST). The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The draft Notice of the 9th AGM and the Board’s Report for...

RBI Announces Massive ₹34,000 Crore Government Security Auction Set for August 28, 2026 The Reserve Bank of India (RBI) has formally announced a significant underwriting auction for the sale and re-issue of Government Security (GS). This major transaction is scheduled to take place on Friday, August 28, 2026. The auction involves a security maturing in 2036 with an interest rate of 6.94%.The RBI confirmed that the total value of this Government Security available for subscription amounts to ₹34,000 crore. This public offering aims to tap into the institutional market for capital stability and debt management.Auction Details and Bidding Procedures The underwriting auction will be conducted utilizing a multiple price-based method...

Shringar House of Mangalsutra Limited to Hold 17th Annual General Meeting on September 28, 2026 Shringar House of Mangalsutra Limited has announced the date for its 17th Annual General Meeting (AGM) for the Financial Year 2025-26.The company's members are scheduled to attend the AGM on Monday, September 28, 2026. The meeting is set to take place at 03:00 P.M. (IST) and will be conducted via Video Conferencing or other Audio-Visual Means.The Notice of the AGM, along with the Annual Report for the financial year 2025-26, will be circulated to the members in due course.The company has confirmed that details regarding the Annual General Meeting will be available on its official website. Shringar House of Mangalsutra Limited is also...