Buzzing stocks: Hero MotoCorp, Lenskart, Cipla, Wipro, Tejas Networks and more

Corporate action takes centre stage as Lenskart heads for a sizeable block deal, Hero MotoCorp boosts its Ather stake and Tejas Networks wins a ₹1,537-crore order. New contracts, partnerships and rating actions keep several other stocks buzzing today.
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Lenskart Solutions is set to witness a sizeable secondary share sale as existing investor Alpha Wave Ventures II, LP seeks to offload up to 20.8 million shares, equivalent to around 1.2 per cent of the company’s outstanding share capital, through a block deal on Friday.

The deal has been launched at a floor price of ₹630 per share, a 1.7% discount to Lenskart’s closing price of ₹640.60 on the NSE on August 27, 2026. At the floor price, the deal is valued at approximately ₹1,313 crore (about US$137 million).

Hero MotoCorp: Ather stake to rise

The board of Hero MotoCorp has approved an investment of up to ₹1,758 crore to buy additional shares in electric two-wheeler maker Ather Energy, from an existing Ather shareholder. This will result in Hero MotoCorp’s raise in Hero MotoCorp’s stake in the company rising to about 32.8% on a fully diluted basis.

Cipla, Kemwell announce biosimilar JV

Cipla Ltd and Kemwell Biopharma Private Limited, a leading biopharmaceutical Contract Development and Manufacturing Organisation (CDMO), announced execution of a joint venture agreement to develop, manufacture and commercialise biosimilars for global markets. For this purpose, a joint venture company shall be incorporated with the aim of entering the respiratory biosimilars space. Under the terms of the agreement, the joint venture will leverage Cipla’s and Kemwell’s complementary strengths for end-to-end product development, clinical development, regulatory filings, manufacturing, and commercialisation of biopharmaceutical products. Cipla’s respiratory prowess, combined with Kemwell’s expertise in biologics, will accelerate the bringing of these essential products to market.

Wipro expands Google Cloud partnership

Wipro has expanded its partnership with Google Cloud to accelerate the enterprise-wide adoption of Gemini Enterprise and agentic AI. Additionally, Wipro is scaling the internal deployment of Gemini Enterprise and will empower over 10,000 AI-certified specialists, including 1,500 Forward Deployed Engineers (FDEs), with advanced AI capabilities to enhance productivity, streamline operations, and accelerate decision-making.

Tejas Networks bags ₹1,537-crore TCS order

Tejas Networks has received an order from the Indian IT services giant Tata Consultancy Services (TCS) for supply of RAN equipment, accessories and installation materials. The order covers 18,685 sites for BSNL’s 4G mobile network and is valued at ₹1,537 crore.

NBCC secures ₹134-crore orders

NBCC (India) Limited has received new work orders worth approximately ₹134.27 crore, excluding GST. The contracts have been awarded in the ordinary course of business and cover educational and other infrastructure development projects across multiple states.

Skipper wins ₹1,305-crore T&D orders

Skipper Ltd, one of the world’s leading manufacturers of Power Transmission & Distribution structures and a major EPC player in 765 kV transmission lines and substations, is proud to announce that it has secured a new order of Rs 1,305 crores for several Domestic & International T&D projects in North American markets.

RPP Infra terminates ₹205.89-crore order

RPP Infra Projects has disclosed the termination of its Rs 205.89 crore work order from the Sports Development Authority of Tamil Nadu for the Global Sports City project in Chennai, citing a decision to restructure and redesign the project comprehensively.

Samtel HAL opens defence avionics facility

Samtel HAL Display Systems Limited (SHDS), a joint venture between Hindustan Aeronautics Limited (HAL) and Samtel Avionics, has inaugurated a new manufacturing facility at Udyog Vihar, Phase IV, Gurugram, strengthening India’s efforts towards indigenisation in the defence avionics sector.

Creative Newtech partners with Jupiter Electric

Creative Newtech Limited has partnered with Jupiter Electric Mobility Private Limited (JEM), a subsidiary of Jupiter Wagons Limited, for the pan-India distribution of Jupiter’s drone batteries. Under the agreement, Creative Newtech will leverage its nationwide distribution network and market access capabilities to expand the availability of these solutions across customers and resellers in India.

Viviana Power Tech bags ₹9.74-crore contract

Viviana Power Tech has secured a new turnkey contract amounting to Rs 9.74 crore (inclusive of taxes) from Gujarat Energy Transmission Corporation (GETCO). The scope of work includes laying, erection, testing, and commissioning of 66kV 1C, 300 sq mm & 1C, 630 sq mm XLPE Cable for Poly AL and Al. Corrugated cable for various lines for Package-2 for Rajkot Zone. The order is to be executed within 24 months from the date of LoA.

Capacit’e gets ₹741-crore Mahindra LoI

Capacit’e Infraprojects Limited has received Letter of Intent (LOI) amounting to ~₹741 Crore (Rupees Seven Hundred and Forty-One Crore Only), excluding GST, from Mahindra Lifespace Developers Limited. This LOI is for the construction of Core and Shell work of Mahindra Rainforest at Kanjurmarg and Mahindra Beacon Hill at Mahalaxmi.

Kitex Garments credit rating downgraded

Kitex Garments Limited has announced a revision to its credit ratings for its bank facilities. The credit rating agency India Ratings and Research Private Ltd has downgraded the credit ratings assigned to the bank loan facilities of Kitex Garments Limited. The rating action covers total bank loan facilities amounting to ₹347.98 crore.

TVS Jupiter gets two new dual-tone colours

TVS Motor Company, part of TVS VENU, and a global leader in two- and three-wheeler manufacturing, today launched the TVS Jupiter dual tone spectral range, the latest addition to India’s most progressive family scooter. The new range brings two new dual-tone spectral colours – Spectral Blue and Spectral Copper to the 110cc scooter segment, making TVS Jupiter the first scooter in the segment to offer these distinctive colours, alongside thoughtful enhancements across styling, comfort and technology.

Nahar Spinning Mills ratings reaffirmed

Nahar Spinning Mills Limited has announced the latest update on its credit ratings. The rating agency CRISIL reaffirmed the company’s credit ratings and outlook on its total bank loan facilities amounting to Rs. 1,508.40 crore, as well as its short-term debt instruments.

Published on August 28, 2026