Tata Capital's $400M bond 4x oversubscribed; Ather Energy QIP floor ₹1,169.70; Adani Power 25-year PSA lead Thursday's corporate action in Indian markets.
Alpha Score of 51 reflects moderate overall profile with moderate momentum, weak value, moderate quality, moderate sentiment.
Tata Capital raised $400 million through a fixed-rate senior unsecured Reg S bond on Wednesday. The transaction priced at 107 basis points over the three-year U.S. Treasury, carrying a coupon of 5.332%. The order book was oversubscribed four times, with participation from asset managers, insurers, banks and other institutional investors in Asia and EMEA, the company said.
Ather Energy's board approved a ₹1,300-crore qualified institutional placement, setting the floor price at ₹1,169.70 per share. The company may offer a discount of up to 5% on the floor price, with the final price determined in consultation with the book-running lead managers, the regulatory filing said.
Adani Power signed a 25-year power supply agreement with Maharashtra State Electricity Distribution Company for 1,600 MW from a planned 2x800 MW ultra-supercritical thermal plant. The coal linkage was allocated under the government's SHAKTI policy, the company said.
Archean Chemical Industries disclosed that its associate, Offgrid Energy Labs, inaugurated a pilot manufacturing facility for zinc-bromide batteries in the UK. Archean holds an 18.14% stake in the battery technology company.
Ayana Renewable Power won a 50 MW wind power project from the Solar Energy Corporation of India at a tariff of ₹3.85 per kWh. Powerica also secured a 100 MW wind project from SECI through an e-reverse auction.
Lokesh Machines received a ₹58.21 crore order from the Indian Army for MOD kits for 7.62 mm medium machine guns, inclusive of duties and taxes.
Exide Industries invested ₹99.99 crore in its subsidiary Exide Energy Solutions via a rights issue, bringing the total investment to ₹4,902.23 crore. The shareholding percentage remained unchanged.
Cosmic CRF's subsidiary N.S. Engineering secured seven domestic purchase orders worth ₹1.85 crore for structural steel products and fabricated components from various infrastructure companies.
Home Credit India, a subsidiary of TVS Holdings, acquired Varthana Finance in an all-cash deal worth ₹967 crore, gaining entry into education-focused lending. The purchase expands the group's financial services portfolio beyond consumer and retail lending.
Jain Resource Recycling received a safety order from the Directorate of Industrial Safety and Health after a fire and furnace accident at its Unit-II manufacturing facility on July 14, 2026. The order was issued under Section 40(2) of the Factories Act, 1948.
India Pesticides received technical equivalence approval in the European Union for a key fungicide product, giving it direct commercial access to the European crop protection market. The clearance is expected to strengthen international revenues and export margins.
Yash Innoventures approved a secured loan facility of up to ₹1.53 crore from Cholamandalam Investment and Finance Company, with a maximum interest rate of 10.50% and a tenor of up to 14 years, to be drawn in one or more tranches.
The Ather Energy QIP opens for subscription on Thursday, with the floor price set at ₹1,169.70 per share.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.