Buzzing stocks: Tata Group, Anupam Rasayan, HCLSoftware, IRFC, NCC, Pidilite, Ola Electric and others in focus
Corporate restructuring, strategic acquisitions, new partnerships, major project orders, fleet expansion and renewable-energy capacity additions marked a busy day of announcements from Indian companies
Tata Group stocks will remain in focus as Tata Trusts, which holds a 66% stake in Tata Sons, has proposed merging Tata Electronics Systems Solutions Private Ltd (TESS) and Tata Consulting Engineers (TCE) with Tata Sons Private Ltd (TSPL) as part of a strategic reorganisation aimed at taking the company outside the regulatory framework applicable to non-banking financial companies (NBFCs) and core investment companies (CICs).
RBI continues to include TSPL in its list of upper layer (UL) NBFCs under its scale-based regulations, which require heightened regulatory compliance and listing. It rejected TSPL’s application to deregister as an NBFC-Investment Credit Company. Tata Trust submitted the proposal to Tata Sons chairman N Chandrasekaran on Monday evening.
Anupam Rasayan India Ltd has paid consideration for a 48.2% controlling stake in Bliss GVS Pharma Limited at ₹299 per share, marking its third strategic inorganic transaction and expanding its presence into finished dosage formulations. The acquisition, undertaken through Mates Visa Consultancy, a wholly owned subsidiary of Anupam Rasayan, follows the definitive agreement signed on May 23, 2026, and the subsequent completion of the mandatory open offer process.
With the acquisition now completed, Bliss GVS Pharma becomes an integral part of Anupam Rasayan’s expanding portfolio of businesses across specialty chemicals and pharmaceuticals. The transaction has been funded through a combination of a ₹300 crore term loan and approximately ₹1,450 crore raised through non-controlling, non-voting instruments from a group of financial investors led by Bain Capital and including Trust Group and Investec.
The financing structure enables Anupam Rasayan to fund the acquisition while preserving balance-sheet capacity for future growth and expansion.
HCLSoftware has announced its intent to acquire Robotiq.ai, a provider of an Enterprise Robotic Process Automation platform, based in Zagreb, Croatia. HCLSoftware is seeing growing enterprise demand for AI systems that not only reason but execute work reliably across complex business environments. Robotiq.ai adds enterprise RPA capabilities that allow AI-driven workflows to automate tasks in applications where APIs are unavailable or insufficient, extending HCL UnO Agentic’s orchestration capabilities from decision-making to execution.
Indian Railway Finance Corporation Ltd (IRFC), a Navratna Central Public Sector Enterprise under the Ministry of Railways, has signed a Rs 4,200-crore term loan agreement with Damodar Valley Corporation (DVC) to finance renewable energy projects in Jharkhand and West Bengal.
NCC Limited has received a Letter of Acceptance dated 26th September 2026 from the Rural Water Supply and Sanitation Department, Visakhapatnam, Government of Andhra Pradesh, for Providing Drinking Water Supply under the Multi Village Scheme on Yeleru Reservoir for Anakapalli Segment in Anakapalli District, Andhra Pradesh State. The contract value is Rs 1076.71 crore (excluding GST).
Sudarshan Chemical Industries Limited has signed a definitive agreement to purchase a 15.89% direct equity stake in its step-down subsidiary, Sudarshan Colourants India Limited, for a cash consideration of ₹150.76 cr. This transaction transfers the equity shares held by the company’s wholly owned European subsidiary to the parent entity as part of its ongoing corporate simplification.
Pidilite Industries has entered into a strategic partnership with South Korean enterprise Hwaseung Chemical to introduce high-performance footwear adhesives in India. The alliance positions Pidilite as Hwaseung Chemical’s strategic representative to expand its adhesive footprint across diverse Indian footwear manufacturing segments.
The Board of Directors of Restile Ceramics has approved the strategic acquisition of a majority stake in Bell Granito Ceramica Ltd. Restile Ceramics has laid out a plan to acquire a total stake of 98.89% in Bell Granito Ceramica Limited (BGCL) in more than one tranche. The deal structure combines both cash consideration and a preferential share swap arrangement. Under the cash component of the transaction, Restile Ceramics will acquire up to 2,00,00,000 equity shares-representing 5.19% of BGCL’s diluted paid-up capital-from Atreya Finance Private Limited for an aggregate cash consideration not exceeding Rs.
11.70 Crore. The remainder of the acquisition will be completed via a share swap arrangement. Restile Ceramics proposes to acquire up to 36,10,82,783 equity shares, representing 93.70% of BGCL’s diluted paid-up equity share capital, from six existing investors.
Ellenbarrie Industrial Gases Ltd has secured a ₹481 crore contract for design, engineering, supply, erection, testing, pre-commissioning, commissioning, trial runs operation, operator training, demonstration of performance guarantees, supply of spares and handing over, all on a turnkey basis of a 1200 TPD cryogenic Air Separation Unit (ASU) from BHEL for its Coal to Ammonium Nitrate (2000TPD) Project. The project will be executed over eight quarters and is expected to be commissioned in FY29.
The contract is on a Build and Transfer (B&T) basis and does not involve long-term ownership or operation of the plant.
63 Moons Technologies Limited, a leading Indian technology enterprise headquartered in Mumbai and registered in Chennai, has announced a key intra-group equity acquisition involving its subsidiary network. The company confirmed that its Singapore-based wholly owned subsidiary, Financial Technologies Singapore Pte. Ltd., acquired additional equity shares in its Indian unlisted subsidiary, Ticker Limited.
The USFDA conducted a cGMP inspection for Zydus Lifesciences Limited’s manufacturing plant at SEZ II, Ahmedabad. The inspection closed with one observation. There were no data integrity-related observations. The Company will work closely with the USFDA to address the observation expeditiously.
Great Eastern Shipping Company Limited (GE Shipping) has entered into a contract to acquire a new-building Suezmax Tanker of about 157,000 dwt, to be constructed in the Far East by one of the world’s leading shipbuilders. The vessel is scheduled for delivery in the second half of FY 2028-29. The vessel is currently proposed to be financed from internal accruals. The acquisition aims to expand the fleet.
Power Mech Projects Ltd has secured a major domestic operation and maintenance (O&M) order valued at ₹279.20 Crore (excluding GST) from Telangana Power Generation Corporation Limited (TGGENCO).
Landmark Cars Ltd will add a BYD Facility in Noida and a Mahindra & Mahindra showroom at EM Bypass, Kolkata, West Bengal. Landmark Cars is BYD’s largest retail and service partner in India, and the new facility in Noida further expands its network with the brand. Similarly, the new Mahindra & Mahindra location in Kolkata helps to strengthen the Company’s presence with Mahindra & Mahindra in the region. These additions align with Landmark Cars’ long-term strategy to deepen engagement with existing OEM partners and strengthen its presence across key geographies.
Prostarm Info Systems Limited has announced the cancellation of its Memorandum of Understanding with Shenzhen Topband Co. Ltd. for a proposed Battery Energy Storage System project. This update follows an earlier announcement by the company on April 7, 2026, in which Prostarm Info Systems Limited announced entering into a Memorandum of Understanding with Shenzhen Topband Co. Ltd. to explore a potential strategic alliance for exclusive cooperation in manufacturing Battery Energy Storage Systems.
Chemical and industrial manufacturer TGV SRAAC Limited announced a successful expansion of its green energy infrastructure by adding 5.00 MWp of solar power capacity. With the commissioning and addition of this 5.00 MWp capacity, TGV SRAAC Limited’s total solar power generation capacity has increased from 65.40 MWp to 70.40 MWp.
The board of Suraj Industries Ltd has approved an additional equity investment in its associate company, VRV Foods Limited. Accordingly, it will subscribe to 75,850 equity shares of VRV Foods Ltd through a preferential allotment at Rs 66 per equity share, bringing the total cash consideration to Rs 50,06,100.
