STERLITE TECHNOLOGIES: WINS $288 MN LONG-TERM SUPPLY AGREEMENT
• Sterlite Technologies has signed a Long-Term Supply Agreement with a leading international hyperscaler.
• Agreement covers supply of high-density optical fibre cable products from CY27 to CY29.
• Contract Value: Approximately USD 288 million.
• Purchase orders will be released periodically during the contract period.
• Agreement can be extended by 2 additional years with mutual consent.
• Demand/supply shortfalls are covered under a mutual capped risk-sharing framework.
• Sterlite Technologies has signed a Long-Term Supply Agreement with a leading international hyperscaler.
• Agreement covers supply of high-density optical fibre cable products from CY27 to CY29.
• Contract Value: Approximately USD 288 million.
• Purchase orders will be released periodically during the contract period.
• Agreement can be extended by 2 additional years with mutual consent.
• Demand/supply shortfalls are covered under a mutual capped risk-sharing framework.
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DEEPAK BUILDERS: PROMOTER PLEDGES 27 LAKH SHARES
• Promoter Deepak Kumar Singal pledged 27 lakh shares (~0.58%).
• 15 lakh shares pledged for ₹4 Cr and 12 lakh shares for ₹5 Cr.
• Total promoter shares under encumbrance rise to 5.44 Cr (11.68%).
• Funds to be used for promoter’s personal purposes.
• Promoter Deepak Kumar Singal pledged 27 lakh shares (~0.58%).
• 15 lakh shares pledged for ₹4 Cr and 12 lakh shares for ₹5 Cr.
• Total promoter shares under encumbrance rise to 5.44 Cr (11.68%).
• Funds to be used for promoter’s personal purposes.
MCX: RECORDS ALL-TIME HIGH DAILY TURNOVER OF ₹62.93 LAKH CR
MCX recorded its highest-ever daily turnover of ₹62.93 lakh crore on August 28, up 172% from the previous record.
Options contributed around 98% of the total turnover.
MCX recorded its highest-ever daily turnover of ₹62.93 lakh crore on August 28, up 172% from the previous record.
Options contributed around 98% of the total turnover.
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PPAP AUTOMOTIVE: SECURED CREDITORS’ MEETING FOR AVINYA BATTERIES MERGER ON SEPT 30
PPAP Automotive will hold a secured creditors’ meeting on September 30, 2026, for the proposed merger of Avinya Batteries with the company.
Remote e-voting: September 26–29.
The meeting is a procedural step toward the proposed amalgamation.
PPAP Automotive will hold a secured creditors’ meeting on September 30, 2026, for the proposed merger of Avinya Batteries with the company.
Remote e-voting: September 26–29.
The meeting is a procedural step toward the proposed amalgamation.
CCME GLOBAL: APPROVES UAE ACQUISITIONS & ₹151 CR PREFERENTIAL ISSUE
• Acquires up to 51% in CCME UAE for up to ₹127.73 Cr.
• Acquires 52% in Interlink Distribution LLC for ₹20.34 Cr.
• Total acquisition consideration: up to ₹148.07 Cr.
• Board approves preferential issue of ~15.11 Cr shares worth ~₹151.07 Cr, subject to approvals.
• Acquisitions expand presence across Middle East & Africa.
• Acquires up to 51% in CCME UAE for up to ₹127.73 Cr.
• Acquires 52% in Interlink Distribution LLC for ₹20.34 Cr.
• Total acquisition consideration: up to ₹148.07 Cr.
• Board approves preferential issue of ~15.11 Cr shares worth ~₹151.07 Cr, subject to approvals.
• Acquisitions expand presence across Middle East & Africa.
JINDAL WORLDWIDE: ₹15 CR CORPORATE GUARANTEE FOR SUBSIDIARY
• Corporate guarantee of ₹15 Cr provided to Jindal Mobilitric for credit facilities from JIO Credit.
• Guarantee will be treated as a contingent liability.
• Impact: Neutral.
• Corporate guarantee of ₹15 Cr provided to Jindal Mobilitric for credit facilities from JIO Credit.
• Guarantee will be treated as a contingent liability.
• Impact: Neutral.
ONESOURCE INDUSTRIES: MD & CHAIRMAN RESIGNS
• Shibhu Maurya resigned as MD, Director and Chairman effective August 29, 2026.
• Reason cited: Personal reasons and other pre-occupations.
• Impact: Neutral to Negative.
• Shibhu Maurya resigned as MD, Director and Chairman effective August 29, 2026.
• Reason cited: Personal reasons and other pre-occupations.
• Impact: Neutral to Negative.
NLC INDIA: SIGNS 25-YEAR SOLAR PPA
• JV with NCRTC signs 25-year PPA for a 110 MW solar project.
• Project will be developed in Uttar Pradesh.
• Impact: Positive.
• JV with NCRTC signs 25-year PPA for a 110 MW solar project.
• Project will be developed in Uttar Pradesh.
• Impact: Positive.
CANARA BANK: TO APPEAL NCLT ORDER
• Canara Bank will appeal against the NCLT order approving Subhash Chandra’s ₹6.25 Cr repayment plan.
• Bank had opposed the repayment plan.
• Impact: Neutral to Negative.
• Canara Bank will appeal against the NCLT order approving Subhash Chandra’s ₹6.25 Cr repayment plan.
• Bank had opposed the repayment plan.
• Impact: Neutral to Negative.