Summary:
Meesho, Power Grid, Hexaware Technologies, HUDCO, ICICI Prudential Life and Page Industries are in focus following key corporate developments. Meesho faces a proposed ₹1,435 crore block deal, while Power Grid secured a major renewable energy transmission project. Hexaware announced a CEO transition, HUDCO committed up to ₹25,000 crore for Bihar infrastructure, and ICICI Bank increased its stake in ICICI Prudential Life. Page Industries is facing a legal claim in Dubai, adding a potential overhang for investors.
Several stocks are likely to remain in focus following significant corporate developments, including a proposed block deal, a major transmission project, leadership changes, infrastructure financing commitments, a stake increase and a legal dispute.
Meesho
Meesho is likely to attract attention after SoftBank Vision Fund entity SVF II Meerkat (DE) LLC proposed to sell 7 crore equity shares through a block deal. The shares represent around 1.5% of Meesho’s paid-up equity.
The floor price for the transaction has been set at ₹205 per share, valuing the deal at approximately ₹1,435 crore. As of June 2026, SoftBank held an 8.6% stake in Meesho. The proposed transaction could therefore be closely watched by investors for its potential impact on the stock’s near-term trading activity and institutional ownership.
Power Grid Corporation of India
Power Grid Corporation of India has received a Letter of Intent for an inter-state transmission system project aimed at evacuating renewable energy from Rajasthan REZ Phase-IV.
The project will be developed on a build, own, operate and transfer basis, with quoted annual transmission charges of ₹3,244.33 crore. It includes the establishment of 6,000 MW ±800 kV HVDC terminals at Barmer-II in Rajasthan and South Kalamb in Maharashtra, along with augmentation of the South Kalamb substation.
The project strengthens Power Grid’s position in India’s renewable energy transmission infrastructure and could provide a long-term revenue opportunity.
Hexaware Technologies
Hexaware Technologies has announced a key leadership transition, appointing Vivek Jetley as CEO-designate. He will join the company and take over as CEO on October 28, 2026.
Current CEO Srikrishna Ramakarthikeyan will step down from his CEO position and Board membership on the same date. He will remain associated with the company as a senior adviser to facilitate a smooth transition.
Investors will monitor the change for its potential implications for the company’s strategic direction and growth plans.
Housing & Urban Development Corporation
HUDCO has signed an MoU with the Government of Bihar under which it will provide financial assistance of up to ₹25,000 crore over five years.
The funding will support industrial infrastructure development, including land acquisition for projects. The agreement could strengthen HUDCO’s project pipeline and provide opportunities for growth in infrastructure financing.
ICICI Prudential Life Insurance Company
ICICI Prudential Life Insurance Company is in focus after its parent, ICICI Bank, completed the purchase of 2.9 crore equity shares, representing approximately 2% of the insurer’s equity capital.
The acquisition was executed through multiple tranches between July 22 and September 2, 2026, for around ₹1,470 crore. Following the transaction, ICICI Bank’s stake in ICICI Prudential Life Insurance has increased to approximately 52.8%, further consolidating its ownership.
Page Industries
Page Industries has received a notice from the Dubai Court concerning a claim initiated by Yellow Flower Trading LLC over disputes related to their UAE distribution arrangement.
The claim amounts to AED 113.5 million, along with 9% annual interest from October 10, 2025, which the claimant identifies as the date of alleged unlawful termination. The development could remain an overhang for the stock as investors assess the potential financial and business implications of the dispute.
