🇮🇳 India Daybook: Aurobindo Pharma’s ₹800 Cr Buyback, HDFC Bank’s 13% Deposit Surge

📍 BUYBACK & PHARMA

• Aurobindo Pharma: The Board of Directors has approved a buyback of up to 54.23 lakh shares at a price of ₹1,475 per share, totaling ₹800 crore. Separately, its subsidiary CuraTeQ Biologics reported positive Phase 3 clinical results for its Omalizumab biosimilar.

📍 QUARTERLY UPDATES

• HDFC Bank: In its Q4 FY26 update, the lender reported a 13% YoY increase in average deposits to ₹28.51 lakh crore. Gross advances grew 12% YoY to ₹29.60 lakh crore, while CASA deposits saw a 10.8% growth.
• Godrej Consumer Products: The company expects double-digit underlying sales growth in its domestic business for Q4, supported by high-single-digit volume growth despite elevated commodity costs.
• Nykaa: The beauty and fashion retailer added a record 26 new stores in Q4, bringing its total count to 313. The company expects GMV growth in the late twenties for the quarter.
• Gallantt Ispat: Reported a 59% surge in pellet production and a 14% increase in power production for Q4 FY26, with overall capacity utilization reaching 91%.
• CreditAccess Grameen: FY26 disbursements grew 24% YoY to ₹24,860 crore, with the Gross Loan Portfolio (GLP) reaching ₹29,590 crore.

📍 ORDER WIN

• Wipro: Secured a landmark $1 billion, eight-year digital transformation deal with Singapore-based Olam Group. The deal includes the acquisition of Olam’s IT unit, Mindsprint, for $375 million.
• Avantel: Won an ₹11.59 crore contract from NewSpace India Limited for the supply and commissioning of Xponder devices, scheduled for completion by October 2026.
• Vikran Engineering: Secured new power projects from the Maharashtra State Electricity Distribution Company (MSEDCL).

📍 ACQUISITION

• Tube Investments of India: Completed the acquisition of a 76.24% controlling stake in Orange Koi Private Limited, making it a subsidiary.
• Emami: Signed a definitive agreement to acquire the remaining 73.5% stake in Axiom Ayurveda for a consideration of up to ₹200 crore to strengthen its presence in the juice and health segment.

📍 CORPORATE ACTION

• Avax Apparels and Ornaments: The stock will trade ex-bonus today in the ratio of 3:1.
• Viksit Engineering: Trading of 12,500 equity shares allotted under the NCLT-approved resolution plan commences today on the BSE.
• Pondy Oxides: Promoters acquired an additional 6.91% stake (21.1 lakh shares) following the passing of the company's founder.

📍 DISPOSAL

• Great Eastern Shipping: The company has contracted to sell a tanker vessel as part of its ongoing fleet modernization and management strategy.

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