Archive · 2 Sep 2026
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.
- When
- The developments are expected to influence Thursday’s trading session on September 3; the market data cited is from Wednesday, September 2.
- Where
- The developments involve Indian companies and projects linking Rajasthan with Maharashtra; Meesho shares are being offered on the National Stock Exchange.
- 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.
- 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.