1 / 9Ultratech | The company approved the sale of up to 2.01 crore equity shares of India Cements, representing a 6.49% stake in the company. The stake sale will be carried out through an offer for sale (OFS). Following the sale, UltraTech Cement’s stake in India Cements will reduce to 75% from 81.49%.
2 / 9RailTel | Telecom infrastructure firm said it has secured two work orders worth ₹50.42 crore from government agencies in Odisha and Kerala. The first order, amounting to ₹15.42 crore, including tax, was awarded by the Higher Education Department of the Odisha government. The scope of work covers the design and development of CMS-based bilingual websites for colleges under the department. The project is scheduled to be executed by February 19, 2026. RailTel received the work order on August 20, 2025.
3 / 9Sula vineyards | India’s largest producer and seller of wine, is exploring expansion into the premium spirits segment, sources told CNBC-TV18. The company is said to be in talks with two to three smaller brands for potential acquisitions, aimed at facilitating entry into the whisky, scotch and vodka categories.
4 / 9Exide Industries | Battery maker, said it has invested ₹100 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. The investment, made on August 20, 2025, was by way of subscription to 2.5 crore equity shares of ₹10 each at a premium of ₹30 per share. With this infusion, Exide’s total investment in EESL now stands at ₹3,802.23 crore. The company’s shareholding in the subsidiary remains unchanged at 100%.
5 / 9Godrej Properties | Mumbai-based company announced the acquisition of a 7% stake in Godrej Skyline Developers (GSDL) for a total consideration of ₹9.25 lakh from existing shareholders. The target company, incorporated in November 2016, is primarily engaged in the business of real estate development and related activities, and the sale of residential projects in Mamurdi, Pune, and has a registered office in Mumbai. The company reported a turnover of ₹52.7 crore in FY25.
6 / 9AGI Greenpac | The company informed exchanges that it had received a demand notice of ₹40.61 crore from Southern Power Distribution Company of Telangana Limited (TGSPDCL), a government of Telangana undertaking, for surplus power procured from Andhra Pradesh Gas Power Corporation Ltd (APGPCL). The company stated that the demand relates to power drawn in excess of the contracted quantum from APGPCL between 2002 and 2022.
7 / 9Zee Entertainment | Leading broadcaster, said Aditya Birla Finance Limited (ABFL) has filed a petition before the Delhi High Court challenging the arbitral award that had rejected all claims against the company. On May 13, ZEEL had disclosed that the arbitral tribunal, through its final award dated May 12, had dismissed all of ABFL’s claims. The case related to a letter of comfort (LoC) alleged to have been issued by Zee in connection with a ₹134-crore term loan extended by ABFL to Siti Networks Limited.
8 / 9Jupiter Wagons | Railway freight wagon manufacturer said its material unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, has received a Letter of Intent (LOI) for the supply of wheelsets for the Vande Bharat train. The Letter of Intent, dated August 19, 2025, covers the supply of a total of 5,376 wheelsets at an approximate order value of ₹215 crore.
9 / 9Shree Cement | India’s third-largest cement manufacturer said the Income Tax Department has reduced its earlier tax demand of ₹588.65 crore to ₹221.72 crore following a rectification order under Section 154 of the Income Tax Act, 1961. The revised demand of ₹221.72 crore has been fully paid by way of adjustment against pending refunds, the company said in its filing.
