1 week ago

Stocks in News: Gaja Debut, Block Deals, New Orders

Several Indian companies had important announcements that could affect their stock prices.

Gaja Alternative Asset Management is preparing to list its shares after many investors applied for its issue.

Investors linked to Groww and Welspun Corp may sell large blocks of shares.

Tata Motors Passenger Vehicles and Tata Communications are adding 5G connectivity to the Sierra.ev vehicle.

United Breweries is expanding Heineken Silver into three more states.

Varun Beverages is creating a company for ready-to-drink alcoholic beverages.

Cipla received seven observations after a USFDA inspection at its Pithampur plant.

Other companies announced leadership changes, government share sales, new construction orders and a cancelled acquisition.

Key facts

Gaja issue: Raised Rs 550 crore at Rs 160 per share; the issue was subscribed 31.33 times, with more than 14.36 lakh applications and bids worth Rs 12,700 crore.
Groww block deal: Ribbit Capital is reportedly likely to sell a 1.6% stake in Billionbrains Garage Ventures for about Rs 1,914 crore at a floor price of Rs 195 per share.
Welspun block deal: Welspun Investments & Commercials and Vipul Mathur are reportedly likely to sell 63 lakh Welspun Corp shares, or 2.4%, in a Rs 1,417 crore block deal.
Cipla inspection: The USFDA conducted a follow-up cGMP inspection at Cipla’s Pithampur facility from August 17 to 25, 2026, and issued seven Form 483 observations.
Hindustan Copper offer: The government will exercise an oversubscription option for 2.90 crore shares, taking the possible total offer to 5.8 crore shares, or 6% of paid-up equity.
NBCC order: NBCC received a Rs 121.74 crore order from the Rajasthan Council of School Education to construct 170 school buildings.
Sai Parenterals agreement: Noumed Pharmaceuticals renewed an Australian OTC medicines supply agreement projected to be worth AUD 30 million over three years.

businesstoday.in · 1 week ago