🇮🇳 India Daybook: Greaves Cotton Expands, Gaja Capital IPO Opens — August 19, 2026

📍 ACQUISITION

• Greaves Cotton: The company has successfully acquired the remaining stake in Excel Controlinkage, further consolidating its presence in the motion control systems segment.
• Lenskart: The eyewear major has incorporated a new step-down subsidiary in China to expand its global supply chain and manufacturing footprint.
• HLE Glascoat: The company announced a further investment of €100,000 in its wholly-owned Luxembourg-based subsidiary, HLE International S.a.r.l., to boost its share capital.

📍 IPO WATCH

• Gaja Alternative Asset Management: The ₹550 crore IPO opens today with a price band of ₹152 to ₹160 per share. The issue includes a fresh issue of ₹450 crore.
• Mopshop Distribution: The facility management supplies provider launches its BSE SME IPO today at a fixed price of ₹138 per share to raise approximately ₹27.26 crore.
• Dhanwel Hybrid Seeds: The seed manufacturing company’s IPO opens today on the BSE SME platform with a price band of ₹95 to ₹99 per share.

📍 ORDER WIN

• Prism Johnson: The company has secured a 1,28,000 TPA coal linkage from ECL and SECL. The linkage is valued at approximately ₹70.49 crore annually for a duration of 10 years.

📍 CORPORATE ACTION

• Ex-Dividend Stocks: A total of 14 stocks turn ex-dividend today. Key payouts include Page Industries (₹200/share), Bata India (₹25/share), Honda India Power Products (₹23/share), LG Balakrishnan & Bros (₹22/share), and Kovai Medical Center (₹15/share).
• Swiggy: Shareholders have officially approved a cap of 49.5% on aggregate foreign ownership in the company ahead of its highly anticipated listing.

📍 MANAGEMENT UPDATE

• Power Grid: The Board has appointed Shri Amol Babulal Taori as Director (Finance) for a five-year term, effective from August 18, 2026.
• AGI Greenpac: The company is scheduled to hold an analyst and institutional investor meeting today to discuss its Q1 FY27 performance and future operational strategies.

📍 REGULATORY & LEGAL

• Balmer Lawrie & Company: The company has received a GST demand notice totaling ₹18.28 crore (including interest and penalties) from tax authorities.
• Sammaan Capital: The company clarified to exchanges that it is not an accused in the Delhi Police EOW investigation and has been treated as a victim in the alleged quid-pro-quo matter.

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