• VRIGHT Exchange – Daily Digest posted an update in the group VRIGHT Exchange | Market Movers

    1 month ago

    Corporate Update -3rd Oct 2025

    • Lemon Tree Hotels: Opened a 111-room property in Andhra Pradesh; signed pact for a 52-room hotel in Haridwar; launched a 67-room hotel in Navi Mumbai; rebranded Delhi property.

    • Adani Green Energy: Commissioned 50 MW solar + 31.2 MW wind projects at Khavda, Gujarat, raising total operational renewable capacity to 16,679.8 MW.

    • Sammaan Capital: Avenir Investment to infuse ₹8,850 crore via shares and warrants at ₹139/share (18% discount). Post-deal, Avenir to hold 43.46% and launch open offer.

    • CSB Bank: Q2 deposits up 25% YoY to ₹39,651 crore; gross advances up 29% YoY to ₹34,730 crore.

    • SKF India: Fixed Oct 15 as record date for entitlement of SKF Industrial shares post NCLT-approved demerger.

    • PTC Industries: Subsidiary Trac Precision Solutions won multi-million-pound project with Coolbook to supply machine & cast components for rotodynamic heater.

    • PC Jeweller: Standalone revenue rose 63% YoY in Q2; bank debt reduced by 23%.

    • Nestle India: Commissioned new Maggi noodles line at Sanand, Gujarat with ₹85 crore investment.

    • Ashoka Buildcon: Subsidiary Viva Highways acquired 7.46 crore shares in Jaora-Nayagaon Toll Road Co. for ₹166 crore.

    • Hexaware Technologies: US firms Natsoft Corp & Updraft LLC filed complaints for patent infringement & breach of contract; company yet to receive formal notice.

    • TBO Tek: Subsidiary TBO LLC completed 100% acquisition of Classic Vacations LLC, making it a step-down subsidiary.

    • Tata Power: Subsidiary signed pact with Tata Power Mumbai Distribution for 80 MW renewable energy project.

    • Alivus Life: Received tax demand of ₹2.6 crore from Ankleshwar authority.

    • BLS International: Subsidiary BLS UK Hotels acquired Trefeddian Hotel (UK) for ₹78.3 crore.

    • Bansal Wire: Q2 sales volume up 45.9% YoY to 1.15 lakh MT.

    • Hyundai Motor India: Commenced passenger vehicle production at its new Pune plant.

    • Niva Bupa: Meerut Tax Authority dropped alleged ₹124 crore GST demand.

    • Wipro: Voluntarily dissolved Philippines-based step-down subsidiary.

    • Aditya Vision: Opened six new showrooms across Bihar, Jharkhand & Uttar Pradesh.

    • Man Infra: Diluted stake in MICL Developers to 69.99%.

    • Zydus Lifesciences: Received USFDA complete response letter for CUTX-101 citing cGMP issues; company to seek regulator meeting.

    • Hero MotoCorp: Sept sales up 7.9% YoY to 6.87 lakh units; exports up 95% YoY; scooter sales surged 54.4% YoY to 61,003 units.