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Stocks to Watch Thursday as Key Corporate Developments Drive Focus
Several Indian companies may attract investor attention on Thursday because of new business announcements.
RBL Bank said it raised a large amount of deposits through a Reserve Bank of India facility.
Power Grid won a major project to move electricity from Rajasthan to Maharashtra.
Paisalo Digital will consider raising money through bonds called non-convertible debentures.
NHPC received money after an arbitration case.
ICICI Bank bought more shares in its life-insurance subsidiary.
India Cements agreed to invest in a renewable-energy company.
SoftBank planned to sell some Meesho shares at a discounted price.
Meanwhile, Indian stock indexes fell for a third day because concerns about Middle East fighting pushed oil prices higher.
Indian benchmarks fell for a third straight session on Wednesday, with the Nifty 50 down 0.59% at 23,914 and the Sensex down 0.62% at 76,469.
RBL Bank mobilised about $3.40 billion through the Reserve Bank of India’s FCNR(B) swap facility, while loans against these deposits stood at about $1.08 billion.
Power Grid won an interstate transmission project connecting Rajasthan and Maharashtra, with quoted annual transmission charges of ₹3,244.33 crore.
NHPC received ₹392.31 crore and €15.36 lakh after arbitration proceedings, while Paisalo Digital scheduled a meeting to consider private-placement NCD fundraising.
ICICI Bank increased its stake in ICICI Prudential Life to about 52.8%, India Cements agreed to buy a 26% stake in Amplus TN One Energy, and SoftBank planned to sell 70 million Meesho shares.
- Who
- RBL Bank, Power Grid Corporation of India, Paisalo Digital, NHPC, ICICI Bank, India Cements, and Meesho are among the companies in focus.
- What
- The companies announced financing activity, project awards, arbitration proceeds, acquisitions, renewable-energy investment, and a planned share sale.
- Where
- The developments involve Indian companies and projects linking Rajasthan with Maharashtra; Meesho shares are being offered on the National Stock Exchange.
- When
- The developments are expected to influence Thursday’s trading session on September 3; the market data cited is from Wednesday, September 2.
- Why
- Investors are tracking the announcements alongside broader market pressure caused by renewed Middle East fighting, higher oil prices, inflation concerns, and expectations of tighter monetary policy.
Key facts
- Nifty 50 close
- 23,914, down 0.59% on Wednesday, September 2.
- Sensex close
- 76,469, down 0.62% on Wednesday.
- RBL Bank deposits
- About $3.40 billion mobilised under the Reserve Bank of India’s FCNR(B) swap facility as of August 31, 2026.
- Power Grid project
- A 6,000 MW ±800 kV HVDC system between Barmer-II in Rajasthan and South Kalamb in Maharashtra.
- ICICI Bank stake
- About 52.8% ownership in ICICI Prudential Life after buying an additional 2% stake for approximately ₹1,470 crore.
- India Cements investment
- Up to ₹14.06 crore for a 26% stake in Amplus TN One Energy.
- Meesho block deal
- SoftBank-affiliated SVF II Meerkat (DE) LLC planned to offer 70 million shares at ₹205 each, a 3.1% discount to Meesho’s September 2 closing price.
Sources
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