Century Textiles and Industries | The company said it has issued a corporate guarantee valued at ₹400 crore in favour of Hindalco Industries. This guarantee is linked to the acquisition of a land parcel located in Kalwa, Thane, which is being purchased by Ekamaya Properties Private (EPPL). EPPL is a wholly-owned subsidiary of Birla Estates Private (BEPL).

Linde India | Industrial and medical oxygen major said it has entered into a plant sale agreement with Tata Steel Ltd to acquire industrial gas supply assets, specifically two 1800 tpd air separation units (ASUs), from Tata Steel’s Kalinganagar phase two expansion project.

Sona BLW Precision Forgings | Auto component maker announced a qualified institutions placement (QIP) of equity shares with a floor price set at ₹699.01 per share. Additionally, the company may offer a discount of up to 5% on this floor price.

HDFC Bank | The private bank is moving ahead with plans to take its non-banking arm, HDB Financial Services, public, with a potential listing targeted for December or, at the latest, by the end of the current financial year. The IPO, likely a combination of secondary sale and fresh capital, is expected to fetch a valuation of roughly around $7–8 billion.

PNB Housing Finance | The company said that its Board of Directors will convene on Monday, September 9, 2024, to deliberate on and potentially approve the issuance of Non-Convertible Debentures (NCDs) up to ₹2,500 crore. The NCDs are proposed to be issued on a private placement basis, in multiple tranches over the next six months.

Exide Industries | Battery maker said its wholly-owned subsidiary Exide Energy Solutions Ltd’s (EESL) Managing Director and CEO Arun Mittal has resigned from his position effective October 31, 2024. Mittal, who is stepping down due to personal reasons, will be relieved of all duties at the close of business on that date.