Stocks that will see action today: March 26, 2025

BluSmart , which is owned by the promoters of Gensol Engineering, is reportedly facing top levels exit. According to reports its CEO Anirudh Arun has left the company, with Nandan Sharma, vice-president of business and operations, stepping into the leadership role. Reports also indicate a broader exodus of key executives, including Chief Business Officer Tushar Garg, Chief Technology Officer Rishabh Sood, and Priya Chakravarthy, vice-president.

DLF has acquired a nearly 50 per cent stake in its arm DLF Urban Pvt Ltd for ₹497 crore from Singapore’s Reco Greens. With this deal, DLF will have a 100 per cent stake in DLF Urban, which has developed a luxury housing project in the national Capital. Reco Greens is an affiliated company of Singapore’s sovereign wealth firm GIC.

 HCL Technologies (HCLTech) on Tuesday announced the launch of an agentic AI-powered ‘Industry Focused Repeatable Solution’ (IFRS) geared to arm manufacturers with advanced data insights and analytics capabilities.

Fair trade regulator CCI on Tuesday cleared the proposal of Epic Concesiones 2 to acquire 11 road special purpose vehicles from Ashoka Concessions and Ashoka Buildcon. “The proposed combination envisages acquisition of 100 per cent equity shareholding by Epic Concesiones 2 Pvt Ltd (EC2PL) in 11 special purpose vehicles (target SPVs) owned by Ashoka Concessions Ltd and Ashoka Buildcon Ltd,” the Competition Commission of India (CCI) said in a release. The target special purpose vehicles (SPVs) have been incorporated in India and are engaged in the business of operating (through governmental concessions) roads and highways in India.

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Waaree Renewable Technologies has received a Letter of Award (LOA) from Waaree Energies for the Engineering, Procurement, and Construction (EPC) of a 170 MW AC / 255 MW DC ground-mount solar power project, along with Operation & Maintenance (O&M) services.

Star Health Insurance has issued a statement addressing recent media reports regarding IRDAI’s observations on lapses in the company’s claims settlement practices. The company reassured its stakeholders that it remains committed to a customer-centric approach, ensuring its processes align with the best interests of policyholders.

Goldman Sachs on Tuesday bought shares of auto components major Samvardhana Motherson International for ₹87 crore through an open market transaction. American multinational Goldman Sachs through its arm — Goldman Sachs (Singapore) Pte — purchased 65.48 lakh shares of Samvardhana Motherson International, as per the block deal data on the BSE. The shares were picked up at an average price of ₹132.7 apiece.

IREDA on Tuesday said it has raised ₹910 crore through issuance of bonds. The funds raised will enhance IREDA’s Tier-II capital, increasing its net worth and capital-to-risk-weighted assets ratio (CRAR), IREDA said in a statement. IREDA has raised the money through the issuance of privately placed subordinated Tier-II bonds for a 10-year tenor at an annual coupon rate of 7.74 per cent, it said.

JSW Steel plans to sell over 22 crore shares in its subsidiary Piombino Steel Ltd (PSL) under the proposed buy-back offer for ₹1,676.45 crore. It holds 508 crore equity shares in PSL, constituting 83.28 per cent of the total equity shareholding of PSL, JSW Steel said. The Board of Directors has approved tendering of 22,26,36,000 equity shares held in PSL under the proposed buy-back offer at a price of ₹75.30 per equity share. This move will help the company further strengthen its balance sheet. Meanwhile, JSW Steel said it will transfer its sponge iron unit at Salav village in Raigad, Maharashtra to its wholly-owned subsidiary JSW Green Steel, which was incorporated to set up a four million tonne per annum (MTPA) integrated green steel plant, as a part of its plan to reduce its carbon footprint.

Arvind SmartSpaces Ltd has sold 200 residential plots in Bengaluru for over ₹180 crore amid strong demand. In a regulatory filing on Tuesday, the company informed that it has sold out all the plots that it launched in a new project ‘Arvind The Park’ in Devanahalli, Bengaluru. “It consisted of 200 units valued at over Rs 180 crore,” it added.

Coal India has incorporated a subsidiary Coal Gas India Ltd to set up coal-to-synthetic natural gas (SNG) business. The company will utilise the end product, SNG, or any other product manufactured from Syn Gas, following studies and due diligence. The company will carry on in India or in any part of the world all kinds of business relating to manufacturing of SNG, all types of organic and inorganic chemical compounds and products of any nature.

Indian Hotels Company Ltd (IHCL) has announced the signing of the 65-key Palitana Palace under the Taj brand in Palitana, Gujarat. “We are honoured to partner with His Highness Thakore Saheb Mandhatasinhji Jadeja of Rajkot to bring the Palitana Palace under the Taj brand. This addition reinforces our commitment to preserving India’s rich heritage and expanding our portfolio of Palaces, Havelis and Forts,” IHCL Managing Director and Chief Executive Officer Puneet Chhatwal said in a statement.

Kalpataru Projects International, along with its international subsidiaries, has secured orders worth ₹2,366 crore in the domestic and global markets. The new orders include orders in the transmission and distribution (T&D) business in the country and overseas market and order in the buildings and factories (B&F) business across India