HDFC Bank added two milestones in one week—RBI clearing LIC’s stake hike to 9.99% and the bank’s largest offshore bond raise via GIFT City—while Tata Power crossed 12.4 GW of renewable capacity with a new Rajasthan solar-storage plant. Nitco signed an MoU for an Alibaug township worth a combined ₹4,500 crore, and GR Infraprojects faces a fresh ₹69.79 crore GST setback in Rajasthan. Here’s what’s moving before Thursday’s session.
HDFC Bank
The Reserve Bank of India, via a letter dated August 19, 2026, approved LIC’s application to raise its holding in HDFC Bank to up to 9.99% of paid-up capital or voting rights, from 4.11% as of August 14. The approval is conditional on compliance with the Banking Regulation Act, RBI’s 2025 shareholding directions, and FEMA and SEBI norms.
Separately, HDFC Bank’s GIFT City IFSC branch completed a $1.75 billion dual-tranche senior unsecured bond issue, $500 million at 5.159% maturing 2029 and $1.25 billion at 5.401% maturing 2031—its largest overseas fundraise in over a decade, settled August 26 and listed on India INX and NSE-IX. The stock closed at ₹727.20 in the previous session, down 0.04%.
Tata Power
Tata Power Renewable Energy commissioned a 190.5 MW solar project with 115 MWh of battery storage at Kalasar, Bikaner, part of a 460 MW SJVN FDRE Tranche-1 contract.
The addition takes TPREL’s total renewable utility capacity to 12.4 GW, of which roughly 6.9 GW is operational. Power will flow to Haryana, Maharashtra (MSEDCL), and Noida discoms. The stock closed at ₹364.00, down 1.78%.
Nitco
Nitco and its subsidiary Nitco Realties signed an MoU on August 24 with HoABL Impactum Land for joint development of land parcels in Thal and Lonare, Alibaug.
The combined project is estimated to generate ₹4,500 crore in revenue over five years, roughly ₹3,000 crore for HoABL and ₹1,500 crore for Nitco, against a ₹9 crore security deposit already received.
The deal remains subject to conditions precedent and definitive agreements. Separately, Nitco’s standalone FY26 net profit turned positive at ₹34.22 crore versus a ₹736.21 crore loss in FY25, on consolidated revenue of ₹542 crore; the company also plans a Supreme Court SLP after the Delhi High Court dismissed its writ on a ₹15.17 crore interest demand. The stock closed at ₹96.67, up 0.93%.
GR Infraprojects
The Rajasthan High Court dismissed a writ petition by GR Infraprojects’ subsidiary, Nagaur Mukundgarh Highways, challenging GST on annuity payments under CBIC Circular 150/06/2021-GST.
The judgment, dated August 17 and received by the company August 18, exposes it to a potential ₹69.79 crore liability; the company is evaluating an appeal. The stock closed at ₹905.20, up 0.35%.
Bharat Electronics
The Ministry of Defence appointed Partha Pratim Pathak as an independent director for three years effective August 18, 2026.
BEL’s board separately added Ambrish Tripathi (Director-HR) and Anoop Kumar Rai (Director-Marketing), effective August 13, to the 72nd AGM notice for member ratification; e-voting closes today, August 27, ahead of the AGM on August 28. The stock closed at ₹406.90, down 1.54%.
Titagarh Rail Systems
Titagarh signed a non-binding MoU with Siemens on August 25 to jointly evaluate international metro rolling-stock opportunities, building on their existing Pune Metro propulsion partnership. The stock closed at ₹825.40, down 0.82%.
KSB
KSB’s H1FY27 revenue rose 2.4% to ₹1,292 crore, but EBITDA fell 20.4% to ₹127.9 crore, with an order book of ₹2,744.5 crore, per its August 19 investor meet. Management guided for 10-15% volume growth and flagged a debt-free balance sheet. The stock closed at ₹796.45, down 0.80%.
Mufin Green Finance
The NBFC’s cost of borrowing eased to 11.17% in Q1 FY27 from 12.17% in the preceding quarter, with gross NPA steady at 1.91% and net profit up roughly 346% year-on-year to about ₹13.8-14 crore, aided by new lending tie-ups with Union Bank of India and Wint Wealth. The stock closed at ₹136.75, down 0.92%.
Man Infraconstruction
Q1 FY27 PAT after minority interest rose 29% to ₹71.6 crore on 8% revenue growth to ₹218.3 crore, with the company remaining net debt-free (₹767 crore cash against ₹78 crore borrowings). Management reaffirmed 25%+ PAT growth for FY27 and a combined ₹5,000 crore pre-sales target across FY27-28, alongside its Vision 2031 goal of ₹35,000 crore in GDV. The stock closed at ₹114.51, up 0.57%.
Lemon Tree Hotels
The group opened its 12th operational Gujarat hotel, an 85-room property in Bharuch, on August 20, followed by a 94-room Lemon Tree Premier in Vadodara, its 13th in the state, on August 26.
KIMS
Krishna Institute of Medical Sciences signed a five-year O&M and call-option agreement on August 20 with Aurevia Hospitals to run the roughly 250-bed Arete Hospital in Hyderabad’s Gachibowli, earning 9% of net revenue.
Separately, KIMS received ₹150 crore upfront from a ₹600 crore preferential warrant allotment to promoters (77.02 lakh warrants at ₹779 each), with the balance due on conversion within 18 months. The stock closed at ₹756.10, down 2.12%.
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Bottom Line
HDFC Bank’s dual regulatory and funding wins anchor an otherwise deal-heavy session, with real estate (Nitco), infrastructure legal exposure (GR Infraprojects), and renewable capacity additions (Tata Power) driving the mid-cap narrative. Juniper Green Energy’s Q1 FY27 numbers, due via its 11 AM earnings call today, are one to watch once officially confirmed.
This article is for informational purposes only and should not be construed as investment advice. Please consult a registered financial advisor before making investment decisions.
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