BNP Paribas acquired a nearly 1% stake in Hero MotoCorp, one of India’s leading two-wheeler manufacturers, for approximately ₹1,035 crore through an open market transaction. The Paris-based financial institution, via its subsidiary BNP Paribas Financial Markets, purchased 1,952,000 shares, representing a 0.97% ownership stake, as per data from the National Stock Exchange (NSE). The transaction was executed at an average price of ₹5,302.91 per share.
Avenue Supermarts Ltd, which operates the D-Mart retail chain, raised ₹100 crore in short-term debt through the issuance of commercial paper on Monday. This commercial paper, set to mature on December 29, 2025, carries a coupon rate of 6% and is expected to be listed on the Bombay Stock Exchange (BSE). It has received a credit rating of ‘ICRA A1+’.
Mahindra & Mahindra entered into a Share Purchase Agreement (SPA) with Tera Yatirim Teknoloji Holding Anonim Sirketi to divest its entire stake in Sampo Rosenlew Oy, a wholly owned subsidiary, for €5 million (approximately ₹52 crore). The transaction is projected to conclude by October 6.
Ennore Coal Terminal Pvt Ltd (ECTPL), a subsidiary of JSW Infrastructure, has been issued a show-cause notice by GST authorities alleging tax violations totaling ₹96.58 crore. The notice, dated September 26, 2025, was issued by the Joint Commissioner of GST and Central Excise, Audit-II Commissionerate, Chennai, under Section 74(1) of the CGST/TNGST Act, 2017, pertaining to potential infractions from April 2019 to March 2024.
Motilal Oswal Mutual Fund bought shares in Bharat Forge, a forging and precision engineering firm, valued at around ₹378 crore through an open market deal. According to NSE bulk deal data, the fund acquired approximately 3.2 million shares, translating to a 0.65% stake. The shares were purchased at an average price of ₹1,217.32 each.
PTC India Financial Services (PFS) expressed surprise at the unexpected resignations of three independent directors, Seema Bahuguna, Naveen Bhushan Gupta, and PV Bharathi, before their three-year terms were completed. PFS stated in a regulatory filing that the management was taken aback by the resignations, especially given the reasons provided, which had not been raised prior to departure.
On Monday, the Securities and Exchange Board of India (SEBI) barred Man Industries, along with three senior executives, including its chairman, from accessing the securities markets for two years due to alleged fund diversion. The regulator identified instances of financial misrepresentation and round-tripping of funds between FY15 and FY21 that obscured the company’s financial stability.
IRFC has finalized two significant loan agreements totaling ₹16,489 crore to support upcoming supercritical thermal power projects in Haryana and Maharashtra. The company plans to extend up to ₹5,929 crore to Haryana Power Generation Corporation Ltd (HPGCL) and up to ₹10,560 crore to Maharashtra State Power Generation Company Ltd (MAHAGENCO).
The National Company Law Appellate Tribunal (NCLAT) dismissed an appeal from Future Consumer Ltd (FCL) that sought insolvency proceedings against Aussee Oats Ltd. A two-member bench upheld the Mumbai NCLT’s ruling, which rejected FCL’s claim for dues exceeding ₹1 crore. FCL had provided ₹2 crore as an inter-corporate deposit to Aussee Oats, of which ₹1.35 crore had already been repaid, leaving ₹65 lakh pending, including interest.
Bharat Electronics Ltd (BEL) has recently secured additional orders worth ₹1,092 crore for various defense projects, expanding on earlier contracts disclosed on September 16. The new agreements encompass a range of defense needs, including upgrades for electronic warfare systems, enhancements to defense networks, tank subsystems, communication equipment, electronic voting machines (EVMs), and more.
Published on September 30, 2025.
