Market Digest

HFCL Limited entered into a three-year long-term supply agreement with a global multinational corporation for the supply of high-fibre-count Optical Fiber Cables (OFC), valued at approximately USD 244 million (₹2,329 crore).

Texmaco Rail receives Letter of Award for USD 135 Million (~INR 1,123.5 Cr) for design, manufacture, supply and commission of 4,500 HP Diesel-Electric Locomotives from Tsiko Africa Logistics (Pty) Ltd. together with Barberry Holdings (Pty) Ltd.

E2E Networks signs a binding term sheet for NVIDIA Blackwell cloud GPUs and allied services worth ~Rs. 1,000 crore with a Sovereign AI Company, extending through June 2029.

E2E Networks Limited has entered into a binding term sheet with a Sovereign AI company based in India for the provision of NVIDIA Blackwell cloud GPUs and allied services, with an aggregate contract value of approximately Rs. 1,000 crore (exclusive of taxes), valid up to June 2029.

EMS Limited has been awarded L-1 status by the Directorate of Local Bodies, Government of Rajasthan for sewerage work with an estimated order value of Rs 218.65 crore.

Western Carriers (India) Limited secured the 15-year development and operations contract for the General Cargo Terminal at Kolkata Dock System, with an initial civil infrastructure investment of ₹13.68 crore.

TARIL secured a large order for Generator Transformers for NPCIL's Kaiga Units 5 & 6 nuclear power project (1,400 MW capacity) from MEIL, marking its strategic entry into the nuclear power sector.

The company was awarded two onshore contract areas (KG/ONDSF/KG ONLAND/2025 in the Krishna Godavari basin and CB/ONDSF/CAMBAY ONLAND/2025 in the Cambay basin) under the Discovered Small Field (DSF) Bid Round-IV by the Directorate General of Hydrocarbons (DGH), subject to execution of Revenue Sharing Contracts.

Happiest Minds Technologies announces a merger with ITC Infotech to create a combined entity with ~₹8,000 Cr annualized revenues, with ITC Infotech acquiring a ~22.1% stake from promoters for ₹1,330 Cr and a share swap ratio of 25 ITC Infotech shares for every 81 Happiest Minds shares.

Happiest Minds Technologies Limited approved a scheme of amalgamation by absorption with ITC Infotech India Limited (exchange ratio 25 ITC shares for 81 Happiest Minds shares) and a secondary sale of 22.106% promoter stake to ITC Infotech for INR 1,329.72 crore; the merger constitutes a thesis-changing event (M&A >= 25% of mcap) as it results in the listed company being absorbed into a larger entity, fundamentally altering its independent existence and investment thesis.

Happiest Minds Technologies Limited approved a merger by absorption with ITC Infotech India Limited (exchange ratio 25:81) and a secondary sale of 22.106% stake by promoters to ITC Infotech for INR 1,329.72 Cr, constituting a thesis-changing M&A.

Launch of a new Food Emulsifier & Agro Division (agri-sourcing, agro chemicals, and processing vertical) targeting expected revenue of ₹1,200 Cr, representing a significant entry into a new business line.

GRT Jewellers (India) Private Limited announces an open offer to acquire 25.88% of Tribhovandas Bhimji Zaveri Limited at INR 249.61 per share, alongside a separate SPA for 74.12% at INR 209.00 per share, aggregating to a total consideration of up to INR 1,033.71 crore, effectively resulting in a full acquisition of the company.

GRT Jewellers (India) Private Limited has issued a public announcement for an open offer to acquire up to 25.88% of Tribhovandas Bhimji Zaveri Limited at INR 249.61 per share, aggregating to a total consideration of up to INR 431.1 crore.

Happiest Minds Technologies Limited announced a merger with ITC Infotech to create a scaled, AI-first global technology services enterprise targeting US$1 billion revenue by FY28.

Renaissance Global's step-down subsidiary Renaissance Jewellery Middle East FZCO acquires an initial 20% stake in Naman Trading FZC (annual revenue run rate Rs. 190-200 Cr) for USD 220,000 per share, providing RGL entry into the Middle East branded jewellery market.

Capri Global Capital Limited uploaded a preliminary supplemental offering circular for its USD 1 billion (approx. INR 8,270 Cr) Global Medium Term Note Programme on India INX and NSE IFSC.

Piramal Finance successfully completed a QIP raising ₹2,100 crore and approved a preferential allotment of warrants worth ₹1,750 crore to the promoter group, totaling a ₹3,850 crore capital raise to strengthen its balance sheet for retail-led growth.

Capri Global Capital Limited approved issuance of US$300 million (approx. INR 2,490 crore) 7.55% Senior Secured Notes due 2029 under its GMTN Programme, to be listed on India INX and NSE IFSC.

Capri Global Capital Limited approved the pricing and terms for the issuance of US$300 million (approx. INR 2,475 Cr) of 7.55% Senior Secured Notes due 2029 under its GMTN Programme, to be listed on India INX and NSE IFSC.

Board approved a preferential issue of 60,82,600 warrants convertible into equity shares at Rs 475 each, raising up to Rs 288.92 crore (~8.6% of market cap) from promoters.

Board approved a preferential issue of up to 31,00,000 fully convertible warrants at ₹610 each, aggregating ₹189.1 crore, to non-promoter investors for cash consideration.

The company received in-principle approval from BSE for a preferential issue of 4,24,647 equity shares at ₹2,341 per share, raising approximately ₹99.4 crore.

Kross Limited's Board approved a preferential issue of up to 15 lakh equity shares at Rs 212 each, raising Rs 31.8 crore, and up to 15 lakh convertible warrants at the same price and amount, subject to shareholder approval.

UltraTech Cement's Wires & Cables plant at Bharuch, Gujarat has commenced commercial production with an installed capacity of 1,098,000 KM for house wires and light duty cables.

Adani Green Energy's wholly-owned subsidiary AGE26AL operationalized a 139 MW solar power project at Khavda, Gujarat, bringing AGEL's total operational renewable capacity to 20,280.80 MW and BESS to 3,551 MWh.

Tata Power Renewables commissioned a 100 MW group captive solar project at Kayathar, Tamil Nadu, bringing its total operational renewable capacity to 7 GW and total utility portfolio to 12.3 GW, with an additional 5.3 GW pipeline slated for commissioning over the next 6 to 24 months.

SJVN Limited's subsidiary completed the 72-hour trial run of 660 MW Unit-2 of the 1320 MW Buxar Thermal Power Project, paving the way for commercial operation.

DCM Shriram commissioned its Aluminium Extrusion Plant at Kota on 1 September 2026, marking commencement of commercial production for a new business line.

Juniper Green Energy's wholly owned subsidiary commissioned 12.40 MW of wind power capacity, bringing the project's operational capacity to 177.6 MWp and ~201 MWh BESS out of a total planned 232.4 MWp and ~201 MWh BESS, with the group's aggregate operational capacity now at ~2,588 MWp and ~500 MWh BESS.

Wholly owned subsidiary Ceigall Green Energy MH2 Limited commissioned its first 5 MW solar power plant at Ranjangaon Deshmukh, Maharashtra, ahead of schedule under the MSKVY 2.0 scheme, marking a significant milestone in the company's expansion into the renewable energy sector.

Aster DM Quality Care Limited's subsidiary KIMS Health Care Management Limited approved a Rs. 134.4 crore capacity expansion at KIMSHEALTH Trivandrum to add 184 beds, increasing total capacity to 979 beds by May 2028.

Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of August 2026.

TVS Motor Company Ltd. released its monthly business update for August 2026, providing operational metrics for the month.

Ashok Leyland Limited released its monthly business update for August 2026, providing operational metrics for the month.

Escorts Kubota Limited released its monthly business update for August 2026, providing operational metrics for the month.

Force Motors Ltd released its monthly business update for August 2026, providing operational metrics for the month.

Ashiana Housing reported monthly performance for August 2026, with no specific financial or capacity figures provided in the announcement.

Cantabil Retail India Limited disclosed its monthly business update for August 2026, providing operational metrics for the month.

Atul Auto Limited reported its monthly business updates for August 2026, providing routine operational data for the three-wheeler manufacturer.