🇮🇳 India Daybook: Waaree Energies Secures 2 GW Module Order, Maruti Outlines ₹77,500 Cr Capex Push

📍 ORDER WIN

• Waaree Energies: The company announced that it has secured a major order for the supply of 2 GW solar modules from a leading domestic solar developer. The contract is scheduled to be executed across the financial years 2026–27 and 2027–28.

📍 ACQUISITION & STAKE CHANGES

• Zodiac Energy: Completed the acquisition of a 63.5% majority equity stake (6,35,000 shares) in Zenwatt Clean Energy Private Limited for an aggregate consideration of ₹1.14 crore, making Zenwatt a subsidiary.
• Raconteur Global Resources: Disclosed that Max-Bio Biosciences has acquired an 11.89% stake (21,42,857 equity shares) through a preferential allotment of shares.
• Three M Paper Boards: Promoter Hitendra Dhanji Shah purchased 2,000 equity shares via open-market purchases on the BSE, raising the promoter holding to 47.61%.

📍 CAPITAL EXPENDITURE & STRATEGY

• Maruti Suzuki India: Scheduled institutional investor and analyst meetings for September 22 following the structural hike in its cumulative capex outlay to ₹77,500 crore through FY31. Annual capex for FY27 has been elevated 40% year-on-year to ₹14,000 crore, backed by the recent operationalization of its second Kharkhoda plant in Haryana which expanded annual capacity to 26.5 lakh units.

📍 IPO & PRIMARY MARKETS

• National Stock Exchange of India (NSE): The mega ₹22,561 crore IPO, which closed on September 21 with an overall subscription of 5.69 times (QIB quota booked 12.68 times), is finalising its basis of allotment today, September 22. The stock is slated to list on the BSE on September 24, 2026.
• Varmora Granito: The ceramic and tile manufacturer's ₹708-crore initial public offering opens for public subscription today in a price band of ₹140 to ₹148 per equity share.
• Veegaland Developers: The newly listed stock is officially added to the BSE IPO Index with effect from the market open on September 22.

📍 CORPORATE ACTIONS & AGMs

• IRCTC: Shares of the company trade ex-dividend today for a final dividend payout of ₹0.50 per equity share (face value ₹2 each). September 22 also marks the record date.
• AGM Watch: Delhivery, General Insurance Corporation of India (GIC Re), Indo-MIM, and Cupid have convened their Annual General Meetings for September 22.

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