🇮🇳 India Daybook: Persistent Systems Launches €1.1B Nagarro Bid, SBI Q1 Results in Focus

📍 ACQUISITION

• Persistent Systems: The company, through its subsidiary Galaxy Germany Holding SE, has launched a voluntary public takeover offer for Nagarro SE at EUR 81 per share. The deal values the engineering services firm at approximately €1.1 billion.
• Kajaria Ceramics: The board has acquired 44,11,764 Compulsorily Convertible Preference Shares (CCPS) of Kajaria Bathware (KBPL) from Aravali for a total consideration of ₹50 crore.

📍 ORDER WIN

• RMC Switchgears: The company secured multiple power distribution contracts totaling over ₹336 crore. This includes a major ₹333.79 crore turnkey underground cabling project from Paschim Gujarat Vij Company and a ₹2.44 crore order from the Southern Power Distribution Company of Telangana.

📍 IPO

• LEAP India: The ₹2,480 crore initial public offering opens for subscription today. The issue, which includes a fresh issue of ₹480 crore, is priced in the band of ₹151 to ₹159 per share.
• Technocraft Ventures: The company’s ₹251.88 crore IPO opens today with a price band of ₹200–₹212 per share. The issue will remain open until August 11, 2026.

📍 QUARTERLY RESULTS

• State Bank of India (SBI): The country's largest domestic lender is scheduled to announce its Q1 FY27 results today. Analysts will closely monitor asset quality and loan growth figures.
• Titan Company: The jewelry and watch major is among the 98 companies set to report earnings today.
• Others: Godrej Consumer Products, Oil India, Power Finance Corporation (PFC), Kaynes Technology, and Hitachi Energy India are also slated to declare their quarterly performance.

📍 NEW PRODUCT LAUNCH

• TVS Motor Company: The company has launched the TVS iQube in Kenya, becoming the first Indian OEM to introduce a premium electric scooter in the African market.

📍 CORPORATE ACTION / OTHER

• Tata Consumer Products: Representatives of the company will participate in the ICICI Securities CIO Round Table in Mumbai today to engage with analysts and institutional investors.
• Shivalik Bimetal Controls: The company announced that CFO Rajeev Ranjan has resigned from his position, effective October 31, 2026.

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