Key stocks to watch: Polycab India, whose promoters offloaded 1.5% stake raising ₹1,740 crore, and TVS Motor, which acquired Engines Engineering S.p.A. to set up a global design hub in Italy. Zydus Lifesciences settled CGST proceedings, while RITES secured a $18-million contract for refurbished diesel locomotives to South Africa. Nuvoco Vistas faces a ₹112.48 crore tax notice, Exide Industries invested ₹80 crore in its subsidiary, and Supreme Petrochem commissioned its first ABS production line in Maharashtra.
2 Min Read
1 / 8Polycab India | The company’s promoters offloaded a 1.5% stake via a block deal on Sept 25, raising ₹1,740 crore at an average price of ₹7,458 per share. JP Morgan Fund ICVC was the biggest buyer, picking up nearly 1% stake for ₹1,107 crore, while Morgan Stanley Asia bought shares worth ₹219 crore. Other participants included HDFC Life, Societe Generale, and Kotak Life.
2 / 8Tata Motors | Jaguar Land Rover (JLR), a unit of Tata Motors, began restoring its digital systems on September 25 following a $2.44 billion cyberattack. The hack, reportedly by a group called “Scattered Lapsus$ Hunters,” had disrupted global production, sales, and logistics. The company said core systems are gradually coming back online, allowing a controlled, phased restart of operations. “Sections of our digital estate are now up and running, and the foundational work of our recovery programme is firmly underway,” a spokesperson added.
3 / 8TVS Motor | TVS Motor acquires Engines Engineering S.p.A. for just over €5 million (around ₹50 crore) to set up a global Centre of Excellence in Bologna, boosting innovation in premium and electric motorcycles.
4 / 8Zydus Lifesciences | The pharma major settles CGST proceedings, ₹35.9 crore tax demands dropped; ₹3.35 crore confirmed with interest and penalty for alleged CENVAT credit issues from 2008–2017.
5 / 8RITES | The state-run railway firm has won a $18-million contract from South Africa’s Talis Logistics to supply and commission refurbished diesel locomotives within 6-8 months.
6 / 8Nuvoco Vistas | The cement maker said it has received a CGST show-cause notice alleging ₹37.61 crore tax demand and ₹74.87 crore penalty over invoicing issues by its agents, totaling ₹112.48 crore.
7 / 8Exide Industries | The company invests ₹80 crore in wholly-owned subsidiary Exide Energy Solutions, raising total investment to ₹3,882.23 crore, with no change in 100% ownership.
8 / 8Supreme Petrochem | The company has commissioned its first ABS production line at Nagothane, Maharashtra, with a capacity of 70,000 TPA.
