RBL Bank, Power Grid, Meesho
Key stocks in focus for Thursday trading: RBL Bank, Power Grid, Meesho and others
Indian investors are expected to monitor several stocks on Thursday, September 3, following recent corporate announcements and market developments.
RBL Bank mobilised approximately $3.40 billion (₹324.72 billion) in deposits under the RBI's FCNR(B) swap facility as of August 31, 2026, with loans against these deposits amounting to around $1.08 billion (₹103.09 billion) through its International Banking Unit, supported by promoter Emirates NBD and its affiliates.
Power Grid Corporation of India has been declared the successful bidder for an interstate transmission project to evacuate power from Rajasthan REZ Phase IV, involving a 6,000 MW ±800 kV HVDC system between Barmer-II in Rajasthan and South Kalamb in Maharashtra, with quoted annual transmission charges of ₹3,244.33 crore, and received the Letter of Intent on September 2.
Paisalo Digital's Operations and Finance Committee is scheduled to meet on September 5 to consider and approve a fund-raising proposal via private placement of non-convertible debentures.
NHPC received ₹392.31 crore and €15.36 lakh following arbitration proceedings involving BGS-SGS-SOMA.
ICICI Bank completed the purchase of an additional 2% stake in ICICI Prudential Life Insurance between July 22 and September 2 for approximately ₹1,470 crore, increasing its shareholding to around 52.8%.
India Cements agreed to acquire a 26% stake in Amplus TN One Energy for up to ₹14.06 crore to meet green energy requirements, optimise energy costs, and comply with captive power consumption regulations.
Meesho is set to see a block deal where SoftBank-affiliated SVF II Meerkat (DE) LLC is offering to sell 70 million shares, representing a 1.5% stake, at a floor price of ₹205 per share, which is a 3.1% discount to Meesho's closing price of ₹211.60 on the National Stock Exchange on September 2.
On Wednesday, September 2, the Indian stock market remained under pressure for a third straight session, with the Nifty 50 closing 0.59% lower at 23,914 after touching an intraday low of 23,786, and the Sensex ending 0.62% lower at 76,469 after falling to a one-month low, amid renewed geopolitical tensions in the Middle East that pushed oil prices higher and raised inflation and monetary policy tightening concerns.
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