Archive · 3 Sep 2025
Business Updates: Yes Bank Stake, Airport Project, and More
Several companies have made important announcements.
SMBC is buying a part of Yes Bank.
PNC Infratech won a contract for airport upgrades.
ITCONS got a contract from the government.
Waaree Energies plans to buy a stake in Kotson’s Pvt Ltd.
Cupid Ltd.
has a large order for condoms and lubricants.
ACME Solar will seek shareholder approval to raise funds.
Indus Towers plans to expand in Africa.
Pradhin is looking to export steel.
These moves are likely to affect the stock market.
SMBC is acquiring a stake in Yes Bank.
PNC Infratech won the bid for Varanasi airport project.
ITCONS E-Solutions secured a contract with the Ministry of Textiles.
Waaree Energies will acquire a stake in Kotson’s Pvt Ltd.
Cupid Ltd. has a significant B2B export order.
- Who
- SMBC, PNC Infratech, ITCONS, Waaree Energies, Cupid Ltd, ACME Solar, Indus Towers, Pradhin
- What
- Various corporate announcements, including acquisitions, contracts, and fundraising
- When
- Announcements made on and before September 3, 2025
- Where
- India and international markets (South Africa, Tanzania, Kenya, Nigeria, Uganda, Zambia)
- Why
- To facilitate business growth, expansion, and investment
- SMBC Stake in Yes Bank
- Up to 24.99%
- PNC Infratech Project Value
- ₹297.01 crore (exclusive of GST)
- ITCONS Contract Value
- ₹9.81 crore
- Waaree Energies Acquisition
- 64% stake in Kotson’s Pvt Ltd for ₹192 crore
- Cupid B2B Export Order
- $11.50 Million (₹100 crore)
- ACME Solar Capital Raise
- Up to ₹3,000 crore
- Waaree Energies Acquisition Cost per share
- ₹75
