Watch out for these dozen stocks including TCS, Tata Steel, IndiGo, Texmaco, RVNL, United Breweries in August 28, 2025 trades

InterGlobe Aviation promoter Rakesh Gangwal and his family trust are likely to divest up to 3.1 per cent stake for ₹7,027 crore in IndiGo on Thursday, according to a term sheet, seen by businessline. The offer price of ₹5,808 per share is at a discount of 4 per cent to its last closing price of ₹6,050. Gangwal has been selling shares in the airline in tranches over the past couple of years — with the last transaction taking place in May. While he continues to be classified as a promoter, he had earlier stepped down from the board following differences with co-founder Rakesh Bhatia on corporate governance issues.

Rolling stock maker Texmaco Rail & Engineering has formed a joint venture with Rail Vikas Nigam Ltd (RVNL) to strengthen India’s railway modernisation and export competitiveness. The venture will manufacture freight and passenger rolling stock — including wagons, locomotives, coaches, trainsets and metro coaches — and also take up EPC projects, depot operations and global tenders, a statement said. Texmaco, part of the Adventz Group, will hold a 49 per cent stake, while Navratna PSU RVNL will remain the majority shareholder. The transaction is expected to close by December 2025, subject to approvals.

Tata Consultancy Services (TCS) has created a new AI and Services Transformation unit, appointing Amit Kapur as the Global Chief AI and Services Transformation Officer, effective September 1. Kapur will report to Aarti Subramanian, Executive Director, President, and Chief Operating Officer at TCS. Kapur joined TCS as a graduate in 1999 and rose through the ranks to become the Head of UK and Ireland after two decades.

Tata Steel has announced a fresh fund infusion of $355 million (₹3,104.03 crore) into its wholly-owned foreign subsidiary, T Steel Holdings Pte. Ltd. (TSHP), based in Singapore. The company said in the regulatory filing that it has acquired 353.23 crore equity shares of TSHP at a face value of $0.1005 per shar

SBI Card and Flipkart have joined hands to launch ‘Flipkart SBI Credit Card’. The Flipkart SBI Card has curated cashback benefits for customers on the majority of their purchases, according to a statement from SBI Cards and Payments.

In under nine months since commencing commercial operations, Adani Group’s Vizhinjam International Seaport has handled over 1 million twenty-foot equivalent units (TEUs). The achievement by the port operated by Adani Ports and Special Economic Zone (APSEZ) not only surpasses initial projections, but has also redefined India’s maritime map. 

Himadri Speciality Chemical Ltd (HSCL) has been awarded the ISCC PLUS certification for its Mahistikry plant in India. This globally recognised standard validates Himadri’s commitment to ecological and social responsibility, focusing on greenhouse gas reduction, ecosystem protection, social accountability, and raw material traceability.

The board of United Breweries has approved an investment of ₹90 crore in setting up a canning line at its Nizam Brewery in Telangana. The new facility, which is expected to become operational within a year, will add 0.4 million hectolitres to the brewery’s existing 0.5 million hectolitres capacity, taking the total capacity to 0.9 million hectolitres.

Ashiana Housing has acquired nearly 23 acres of land in Chennai to develop a senior living housing project with a revenue potential of ₹1,200 crore. In a regulatory filing, the company said it has “acquired a piece of land admeasuring 22.71 acres on perpetual lease basis from Mahindra World City Developers Ltd, a material subsidiary of Mahindra Lifespace Developers Ltd.

The board of Hubtown Ltd has approved a revised scheme for multi-step amalgamations, merging DistinctiveRealty, Amazia Developers, and Nitant Real Estate. The consolidated entity aims for ₹6,000 crore in pre-sales for FY26. This merger will result in significant consolidation of promoter shareholding within the combined entity, potentially streamlining operations and decision-making processes, the company said in a disclosure to the stock exchanges.

Published on August 28, 2025

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