Bajaj Finance has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) aggregating to ₹1,555 crore on a private placement basis. The Debenture Allotment Committee approved the allotment of 1,55,500 NCDs with a face value of ₹1 Lakh each on September 29, 2025. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.

NCD Allotment Details

Bajaj Finance has allotted Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, with the decision made by the Debenture Allotment Committee on September 29, 2025. The total issue size is ₹1,555 crore, consisting of 1,55,500 NCDs at a face value of ₹1 Lakh each.

Key Terms of the NCDs

The NCDs have the ISIN code INE296A07TQ9 and a tenure of 1824 days. The date of allotment is September 29, 2025, and the date of maturity is September 27, 2030. The coupon/interest offered is 7.37% p.a. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.

Coupon Payment Schedule

The coupon payment frequency is annual, with the first coupon payable on September 27, 2026, and annually thereafter until maturity on September 27, 2030. Specific coupon payment dates are set for September 27 of each year from 2026 to 2030.

Security and Charge on Assets

The debentures, along with interest, Trustees’ remuneration, and other related monies, are secured by a first pari-passu charge on book debts/loan receivables. The security cover should not be less than 1.00 time the aggregate outstanding value of debentures issued under this document.

Meeting Conclusion

The meeting regarding the NCD allotment commenced at 11:40 a.m. and concluded at 11:55 a.m. on September 29, 2025.

Source: BSE

Coforge Limited has been awarded the ‘Golden Peacock Award for Excellence in Corporate Governance’ (GPAECG) for the year 2025 by the Institute of Directors (IoD), India. The award recognizes Coforge’s commitment to upholding the highest standards of corporate governance, transparency, and ethical business practices worldwide.

Governance Excellence Recognized

Coforge Limited has been declared the winner of the ‘Golden Peacock Award for Excellence in Corporate Governance’ (GPAECG) for the year 2025. The award was conferred by the Institute of Directors (IoD), India.

Selection by Eminent Jury

The Awards Jury was led by Hon’ble Justice Uday U. Lalit, former Chief Justice of India. The jury included Hon’ble Justice Ritu Raj Awasthi, Judicial Member, Lokpal of India, Former Chairperson, Law Commission of India, and Former Chief Justice, Karnataka High Court, along with Prof. (Judge) Mervyn E. King SC, Chairman, King Committee on Corporate Governance, Chair Emeritus, IIRC & GRI, and Former Judge, Supreme Court of South Africa.

Commitment to Standards

The award highlights Coforge’s commitment to corporate governance excellence globally. It reflects the company’s dedication to upholding the highest standards of corporate governance, transparency, and ethical business practices.

Source: BSE

IndusInd Bank has launched its festive campaign #GiveMoreGetMore, centered around the theme ‘Account Bada Toh Dil Bada’. The campaign aims to inspire customers to spread happiness by fulfilling the dreams of their loved ones. It features a touching film and offers festive deals on home loans, vehicle loans, personal loans, and exclusive offers on credit and debit cards with over 15 top brands.

Festive Campaign Unveiled

IndusInd Bank has introduced its festive campaign, #GiveMoreGetMore, encouraging generosity and financial empowerment. The campaign, based on the theme ‘Account Bada Toh Dil Bada’, motivates customers to realize the dreams of their loved ones and spread joy during the festive season. The campaign’s theme emphasizes that when savings grow, the ability to spread happiness grows too.

Touching Film and Campaign Message

The campaign features a film highlighting the #GiveMoreGetMore philosophy, telling the story of a baker and his son. The son empowers his father by purchasing a shop for his bakery, showcasing how financial growth enables heartfelt giving. The narrative emphasizes that with growing savings, the ability to spread happiness also expands.

Festive Deals and Offerings

The #GiveMoreGetMore campaign aligns with IndusInd Bank’s festive deals and offerings, providing customers with financial solutions. Key offerings include:

• Up to 50% off on processing fees for home loans, vehicle loans, personal loans, and loans against property.
• Exclusive Credit and Debit card offers from over 15 top brands, including Vijay Sales, Goibibo, and Zomato.

Digital Presence

Complementing the main film, a series of short digital films are released on social media platforms, including Instagram, Facebook, X, LinkedIn, and YouTube. These videos highlight IndusInd Bank’s products, such as Instant Loans, Savings Accounts, INDIE for Business, and bill payment solutions.

About IndusInd Bank

IndusInd Bank has been redefining banking for 31 years and offers an elevated banking experience to a diverse range of stakeholders, including government entities, PSUs, retail customers, and large corporations. As of June 30, 2025, IndusInd Bank serves approximately 42 million customers through 3,110 branches/banking outlets and 3,052 ATMs, reaching 1,64,000 villages across India.

Source: BSE

Tata Power EV Charging Solutions Limited and VE Commercial Vehicles (VECV) are collaborating to accelerate electric commercial vehicle adoption in India. The partnership focuses on the Eicher Pro X range and aims to solve challenges like range anxiety and infrastructure availability. This collaboration combines Tata Power’s charging expertise with VECV’s vehicle technology to create a greener transportation ecosystem, leveraging 1.5 lakh+ home chargers and 5,500+ public charging points.

Strategic Alliance for EV Expansion

Tata Power EV Charging Solutions Limited (TPEVCSL) and VE Commercial Vehicles Limited (VECV) announced a collaboration on September 29, 2025, to boost the adoption of electric commercial vehicles in India. The focus is on the recently launched Eicher Pro X range of Small Commercial Vehicles.

Key Objectives of the Partnership

The partnership will support truck and bus operators transitioning to electric vehicles. Tata Power will use its EV charging infrastructure and expertise in customized charging solutions. VECV will contribute its expertise in energy efficiency. Both companies will engage with Eicher Trucks and Buses customers. The collaboration aims to facilitate deployment of other models in Eicher’s electric vehicle portfolio.

Addressing Challenges and Fostering Sustainability

The collaboration will focus on developing solutions to address range anxiety and charging infrastructure availability. The partnership aims to modernize India’s commercial mobility landscape through technology, infrastructure, and sustainability.

Tata Power’s Extensive Charging Network

Tata Power has expanded its EV Charging network to over 1.5 lakh+ home chargers, 5,500+ public charging points, and 1,200+ E-bus charging points across 630+ cities and towns. Tata Power EZ charge has 4 lakh+ registered customers. Chargers are located at highways, hotels, malls, hospitals, offices, bus and commercial vehicle depots, and residential complexes.

Source: BSE

Radico Khaitan has launched the final two editions of its Rampur Jugalbandi series at the TFWA World Exhibition in Cannes. The Rampur Jugalbandi #7 and #8 complete the eight-part collection of Indian Single Malts. Each expression pairs contrasting casks to create unique whiskies, reflecting India’s character with global influences. The series began in 2022, releasing two expressions annually.

Jugalbandi Series Conclusion

Radico Khaitan marks the culmination of its Rampur Jugalbandi series with the unveiling of expressions #7 and #8 at the TFWA World Exhibition in Cannes 2025. The Jugalbandi series, known for blending contrasting casks, reaches its finale, establishing Rampur Whisky’s presence on the global stage.

New Expressions Details

Rampur Jugalbandi #7 (Ex-Bourbon & Mizunara Cask): Combines American warmth and Japanese elegance with Indian craftsmanship. Tasting notes include tropical fruits, vanilla, honeycomb, sandalwood, green tea, and cherry blossom, culminating in an oriental finish.

Rampur Jugalbandi #8 (Ex-Bourbon & Sherry PX Cask): Exudes luxury with dried fruits, fig jam, dark chocolate, orange peel, and warm spices, creating a velvety palate and indulgent finish.

Vision for Global Recognition

Sanjeev Banga, President, International Business, Radico Khaitan, stated that the Jugalbandi series represents the company’s vision to bring India’s finest to the world. He also highlighted Rampur’s position as an example of India’s ability to produce single malts of the highest standard, catering to the growing global preference for premium whiskies.

Source: BSE

Dr. (Mrs.) Roma Kumar, Non-Executive Independent Director of Maharashtra Seamless, has completed her second term, effective September 27, 2025. She has also ceased to be a member of key committees, including the Nomination and Remuneration Committee and the Corporate Social Responsibility Committee. The Board expressed gratitude for her contributions.

Leadership Transition

Maharashtra Seamless announces the completion of Dr. (Mrs.) Roma Kumar’s tenure as a Non-Executive Independent Director. Her directorship concluded on September 27, 2025, marking the end of her second term with the company. She holds the DIN: 02194012.

Committee Roles Ceased

With the conclusion of her term, Dr. Kumar has also stepped down from her roles within the company’s committees. These include memberships in the Nomination and Remuneration Committee, the Corporate Social Responsibility Committee, and the Stakeholders’ Relationship Committee. These changes are effective as of September 27, 2025.

Board Appreciation

The Board of Directors and Management of Maharashtra Seamless have expressed their appreciation for Dr. Kumar’s contributions during her time with the company. They acknowledged her valuable service and dedication throughout her tenure.

Source: BSE

Reliance Power has entered into an agreement to sell its Indonesian step-down subsidiaries to Biotruster (Singapore) Pte. Ltd. The transaction involves the sale of 100% equity shareholding in several coal resource companies for USD 12 million. The deal, executed on September 29, 2025, is subject to customary conditions and is expected to close by December 30, 2025.

Subsidiary Divestment

Reliance Power has agreed to sell its Indonesian step-down subsidiaries. A Share Purchase Agreement was finalized on September 29, 2025, between Reliance Power Netherlands B.V., Reliance Natural Resources (Singapore) Pte. Ltd. (the Sellers) and Biotruster (Singapore) Pte. Ltd. (the Buyer).

Transaction Details

The agreement encompasses the sale of 100% equity shareholding in PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi, and PT Sriwijaya Bintang Tiga Energi. The total consideration for this sale is USD 12,000,000 (Twelve Million United States Dollars), receivable upon closing.

Expected Completion

The closing of this transaction is anticipated on or before December 30, 2025, subject to certain conditions precedent. The net worth contributed by these subsidiaries was approximately Rs. 16,909 lakh, representing 0.53% of consolidated net worth. The buyer, Biotruster (Singapore) Pte Ltd., does not belong to the promoter or promoter group companies of Reliance Power.

Source: BSE

Lupin has acquired VISUfarma, a European specialty pharmaceutical company, to strengthen its global ophthalmology business. The acquisition provides Lupin with a broad portfolio of innovative eye health products and expands its European footprint. VISUfarma’s operations offer market expansion opportunities and diversification across major European countries. The transaction, valued at €190 million, is expected to close by the end of 2025.

Strategic Acquisition of VISUfarma

Lupin has finalized an agreement to acquire VISUfarma, a European specialty pharmaceutical company. This acquisition, announced on September 29, 2025, aims to bolster Lupin’s global specialty franchise in ophthalmology and expand its presence in the European market. VISUfarma brings a diverse portfolio of innovative eye health products and a well-established commercial infrastructure.

Deal Rationale and Benefits

The acquisition of VISUfarma aligns with Lupin’s strategic goals to enhance its specialty business and branded portfolio. VISUfarma’s established European operations provide Lupin with market expansion opportunities and diversification across key countries, including Italy, the UK, Spain, Germany, and France. Additionally, VISUfarma’s portfolio of over 60 branded ophthalmology products presents growth opportunities in the specialty segment.

VISUfarma’s Key Highlights

VISUfarma is focused on ophthalmology, offering preservative-free branded products. Key facts about VISUfarma include:

• 95% of revenues from EU4+UK with a commercial presence in over 20 countries.

• A portfolio of over 60 branded specialty products.

• Estimated revenue of approximately €54 million in CY25E.

Financial Terms and Outlook

Lupin will acquire 100% of VISUfarma at an enterprise value of €190 million, funded through existing cash reserves. The transaction is expected to be completed by the end of 2025, subject to customary closing conditions, and is projected to be accretive to Lupin’s growth and margin profile.

VISUfarma Product Portfolio

VISUfarma offers a comprehensive range of eye care products across various segments, including treatments for dry eye, glaucoma, and retinal health.

Source: BSE