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By Megha Rani September 2, 2026, 7:04:12 PM IST (Published)
From ICICI Bank’s stake purchase in ICICI Prudential Life and HUDCO’s ₹25,000-crore MoU with the Bihar government to Page Industries’ Dubai court noti...
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ICICI Bank | The private bank major has acquired an additional 2% stake in ICICI Prudential Life Insurance Company for around ₹1,470 crore, taking its holding in the subsidiary to approximately 52.8%. The bank bought 2.90 crore shares through the stock exchange in multiple tranches between July 22 and September 2, 2026.
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HUDCO | Financial services firm has signed an MoU with the Bihar government to provide financial assistance of ₹25,000 crore over five years. The funds will support the development of industrial infrastructure, including land acquisition for projects.
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Page Industries | Page Industries has received a notice from a Dubai court regarding a claim filed by Yellow Flower Trading LLC over a dispute concerning their UAE distribution arrangement. The claim amounts to AED 113.55 million, plus 9% annual interest from October 10, 2025. Page Industries said it is reviewing the matter with legal counsel and will contest the claims, which it believes are without merit.
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Fertilizers and Chemicals Travancore | FACT, fertiliser maker said that it has been charged ₹438.20 crore in penal interest on its outstanding Government of India loan, effective April 1, 2018. Of the total, ₹389.51 crore relates to the period up to March 31, 2026, while ₹48.69 crore pertains to FY27.
