Essential Insights for Trading on September 4: What You Must Know

Muthoot Finance

Muthoot Finance has approved the settlement of $600 million in senior secured notes that are due in 2030.

Muthoot Microfin

Muthoot Microfin is set to raise up to $15 million through bonds, along with ₹150 crore via non-convertible debentures.

Swiggy

Swiggy has increased its platform fees for food delivery orders from ₹12 to ₹15.

Aptus Value Housing Finance

Westbridge is looking to divest its entire 16.5% stake in Aptus Value Housing Finance, equating to 82.3 million shares. This will be executed through a block deal at ₹316 per share, reflecting a 5% discount to the current market price.

SPML Infra

SPML Infra has appointed Abhinandan Sethi as its new Managing Director.

Ester Industries

Ester Industries’ joint venture has successfully acquired land in Gujarat to establish India’s first Infinite Loop manufacturing facility.

Campus Activewear

Campus Activewear has acquired land and buildings from Nainipanel Industries in Uttarakhand for ₹74.75 crore. This acquisition will enhance the company’s capacity for manufacturing semi-finished goods and footwear assembly.

Allied Blenders and Distillers

Allied Blenders and Distillers have received tax assessment orders from the Assistant Commissioner of State Tax, totaling ₹14.98 crore.

BHEL

BHEL has accepted a Letter of Intent worth ₹2,600 crore from MB Power (Madhya Pradesh) Ltd. to supply essential equipment, including boilers, turbines, and generators, for the 1×800 MW Anuppur Power Project.

Sundram Fasteners

CRISIL Ratings has reaffirmed the company’s short-term debt and commercial paper ratings at CRISIL A1+.

Shoppers Stop

Shoppers Stop’s subsidiary has agreed to transfer its entire stake in Pahadi Goodness Pvt. Ltd. for a minimum consideration of ₹3 crore.

Bajaj Hindusthan

Bajaj Hindusthan’s Trust has sold 3.11 crore equity shares, amounting to approximately ₹67.84 crore, aimed at reducing the company’s debt.

Poly Medicure

Poly Medicure, through its subsidiary RisoR Holdings B.V. in the Netherlands, is acquiring a 90% stake in the PendraCare Group for ₹188.5 crore. This deal will help expand its presence in the European medical devices market.

Epigral

Sanjay Surendra Jain has resigned from his position as Chief Financial Officer of Epigral, effective September 30.

RailTel

RailTel has received a work order valued at ₹14.94 crore for the installation of IP-based CCTV surveillance systems at the Ministry of Home Affairs.

Carraro India

Carraro India has received two show-cause notices from the Customs Office, amounting to ₹14.29 crore for unpaid IGST, interest, and penalties.

Steel Exchange India

Steel Exchange India is diversifying its business to incorporate integrated logistics. The company plans to acquire, purchase, lease, and pool land for residential, commercial, and public infrastructure construction and renovation.

Asian Hotels

Asian Hotels has appointed Arjun Raghavendra Murlidharan as the Chairman of its Board of Directors, effective September 13, 2025.

UCO Bank

UCO Bank has gained approval from the Reserve Bank of India to establish an IFSC Banking Unit in GIFT City, Gandhinagar.

Religare Enterprises

Religare Enterprises has received in-principle approval for a warrant issue up to ₹1,500 crore at ₹235 per warrant. The plan includes issuing 6.3 crore warrants, which are convertible into an equal number of equity shares.

Prestige Estates

Prestige Estates has received a show cause notice from the GST authority, demanding ₹160 crore, alleging non-payment and short payment of GST from February 2020 to March 2024.

ITD Cementation

ITD Cementation has announced a name change to “Cemindia Projects Ltd.”

Sammaan Capital

Sammaan Capital has approved resolutions to raise up to ₹10,000 crore via bonds or ECBs, as well as up to ₹30,000 crore through bonds or non-convertible debentures.

Can Fin Homes

Can Fin Homes has approved the issuance of non-convertible debentures worth up to ₹10,000 crore through private placement.

IIFL Finance

IIFL Finance has given the go-ahead for issuing non-convertible debentures worth up to ₹250 crore via private placement.

Suraj Estate

Suraj Estate has formulated plans to raise up to ₹500 crore by issuing shares or other financial securities.

Force Motors

Force Motors recorded a 4.5% increase in total sales year-on-year, reaching 2,403 units, driven by a 6.6% rise in domestic sales. Nevertheless, export sales fell by 26%, totaling 108 units.

SW Solar

SW Solar is facing a ₹40 crore tax demand in South Africa.

GHV Infra

GHV Infra has secured a Letter of Intent valued at ₹120 crore for the integrated redevelopment of a railway station of the Southeastern Railway in Jharkhand.

Redington

Redington has entered into a distribution agreement with CrowdStrike to enhance cybersecurity transformations across India, providing access to CrowdStrike’s AI-native Falcon platform for its customers and partners.

Tata Motors & Mahindra & Mahindra

The Delhi High Court has mandated immediate disbursement of subsidies to customers who purchased electric vehicles, stating that procedural issues cannot be used as justifications for payment delays.

Exide, Amara Raja, Gravita India

The Cabinet has approved a ₹1,500 crore incentive scheme focusing on critical and rare earth minerals. This initiative will span six years, running from FY2025-26 to FY2030-31, and will cover the recycling of e-waste, lithium-ion battery scrap, and other materials from end-of-life vehicles.

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