India Daybook: September 18, 2025

📍 NEW LISTING/MIGRATION

• Tiger Logistics (India) Limited: The company's shares are approved for listing and trading on the National Stock Exchange (NSE) effective September 18, 2025. This move is expected to enhance liquidity and visibility for the stock in capital markets.

• Mangalam Worldwide: The integrated stainless-steel manufacturer received final approval from the NSE to migrate its equity shares from the SME Platform (NSE Emerge) to the Capital Market Segment (Main Board), effective today. This transition is anticipated to broaden its investor base and strengthen its ability to deliver sustainable value.

📍 INVESTMENT & FUNDRAISING

• YES Bank: Sumitomo Mitsui Banking Corporation (SMBC) is set to acquire an additional 4.2% equity stake in YES Bank from CA Basque Investments, an affiliate of Carlyle Group Inc. This follows the Reserve Bank of India's approval for SMBC to acquire up to a 24.99% stake in the private sector bank.

• Waaree Energies: The promoter of Indosolar, Waaree Energies, will sell up to 61 lakh equity shares, representing a 14.66% stake, through an Offer for Sale (OFS). The OFS will open for non-retail investors on September 18, 2025.

• Kaya Limited: The company's Board of Directors is scheduled to meet today to deliberate on various fundraising alternatives.

• Capital Trust Limited: A Board meeting is slated to consider fundraising through Unlisted Non-Convertible Debentures via Private Placement.

📍 ORDER WIN

• Cochin Shipyard: The company has signed a contract with Oil and Natural Gas Corporation Limited (ONGC) for the dry dock and major lay-up repairs of one of ONGC's jack-up rigs.

• Avantel: The company has bagged a new order from an undisclosed shipbuilder.

📍 DIVIDEND ANNOUNCEMENTS

• Honda India Power Products Limited: The stock trades ex-dividend today for a payout of ₹21.50 per share.

• Goodluck India Limited: The company will trade ex-dividend today for a declared dividend of ₹4 per equity share.

• Poly Medicure Limited: September 18, 2025, has been fixed as the record date for the company's final dividend of ₹3.50 per equity share (70%).

• ASHIANA, ARROWGREEN, APOLSINHOT: These companies have also declared dividends today.

📍 REGULATORY & OTHER DEVELOPMENTS

• Marico: The Income Tax department conducted a nationwide survey operation at several of Marico's offices and manufacturing units in India. The company stated that proceedings are underway and it is extending full cooperation.

• Piramal Subsidiary: The National Company Law Tribunal (NCLT) has approved the merger of a Piramal subsidiary.

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