🇮🇳 India Daybook: Berger Paints Commences Hindupur Plant, Bank of Baroda to Divest NSE Stake — September 9, 2026

📍 CAPACITY EXPANSION & OPERATIONS

• Berger Paints India: Commenced commercial production at its new solvent-based paint manufacturing facility in Hindupur, Andhra Pradesh. The unit has an installed capacity of 36,000 KL/MT per annum and involved a capital investment exceeding ₹188 crore.

📍 ORDER WINS & CONTRACTS

• Enviro Infra Engineers: Subsidiary Suyog Urja secured an EPC turnkey contract worth ₹190 crore for a 180 MW NTPC wind project, with scheduled execution by March 31, 2027.
• Innovision: Received a ₹219.07-crore Letter of Award (LoA) from the National Highways Authority of India (NHAI) for user-fee collection across key fee plazas on NH-3 in Madhya Pradesh.

📍 STAKE SALE & DIVESTMENTS

• Bank of Baroda: The state-run lender proposes to divest up to 76.90 lakh equity shares (equivalent to 35% of its holding) in the National Stock Exchange of India (NSE) via an Offer for Sale (OFS) in the upcoming NSE initial public offering.
• HMA Agro Industries: Approved the divestment and transfer of its entire 100% equity stake in subsidiary FNS Agro Foods to entities/individuals belonging to the promoter group.

📍 FUNDRAISING & CORPORATE ACTIONS

• Bajaj Finance: Allotted 2,05,000 secured Non-Convertible Debentures (NCDs) aggregating to ₹2,050.03 crore at a coupon rate of 8.07% per annum.
• Raymond: The board approved the allotment of 33,28,686 warrants to Minerva Ventures Fund at an issue price of ₹645 per warrant, raising up to ₹214.71 crore.

📍 REGULATORY & COMPLIANCE

• Lemon Tree Hotels: Material subsidiary Berggruen Hotels received a DRC-01A notice from Karnataka GST authorities with a proposed tax demand of ₹5.63 crore; the company plans to submit formal objections and clarification.
• Tata Communications: Announced the official dissolution of Kaleyra Africa, its non-operating indirect subsidiary.

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