RIL informed exchanges on Saturday that its arm Reliance Consumer Products (RCPL) has acquired a majority stake in the Australian ‘Better-For-You’ beverage firm.
On Friday, shares of Kotak Mahindra Bank rose 3.35% to close at Rs 422.35 apiece on the BSE. The uptrend was also over the counter of the divestment player, with IDBI Bank shares settling 3.86% higher at Rs 106.92 per share.
The Union government and Life Insurance Corporation of India (LIC) together hold around 90 per cent stake in IDBI Bank. As part of the transaction, the government is divesting its 30.48 per cent stake, while LIC is offloading 30.24 per cent.
On the metals space, Kant said, "Metals are witnessing quite a healthy upside traction." He pointed out that JSW Steel delivered a strong performance, supported by capacity expansion plans and operational efficiency initiatives.
Nirmal Bang said IndusInd Bank will see an overhang in the near-to-medium term due to de-growth in loan book, and higher credit costs in the unsecured loan segment.
Nuvama retained its ‘Hold’ rating on the stock with a target price of Rs 416. It believes KMB can get re-rated if slippage declines and growth in unsecured accelerates.
Fintech player Pine Labs has entered into a strategic partnership with the UAE’s leading digital financial platform, Wio Bank, to modernise its merchant acquiring infrastructure.
The bank's board of directors, which met in Hyderabad, also cleared a proposal to raise funds up to Rs 15,000 crore through non-convertible debentures (NCDs) for the next financial year.
Private banking heavyweight Kotak Mahindra Bank and cement major UltraTech Cement would post their Q3 earnings on Saturday.
The private lender shares are in the spotlight since its board-approved 1:5 stock split took effect on January 14, 2026.
The bank had announced a 1:5 stock split, under which each equity share with a face value of Rs 5 was subdivided into five equity shares of face value Re 1 each. As a result, eligible shareholders received four additional shares for every one share held, taking their total holding to five shares.





