ICICI Bank's additional stake purchase in ICICI Prudential Life, HUDCO's ₹25,000-crore MoU with the Bihar government, and a Dubai court notice for Page Industries are among the key corporate developments investors will track in the September 3 trading session. Such pre-market corporate disclosures and block transactions often serve as early signals of promoter strategy, institutional positioning and fresh order pipelines. Here is a company-by-company rundown of the notable announcements and block deals.

ICICI Bank

The private banking major has acquired an additional 2% stake in ICICI Prudential Life Insurance Company for approximately ₹1,470 crore, raising its holding in the subsidiary to roughly 52.8%. The bank purchased 2.90 crore shares through the stock exchange in multiple tranches between July 22 and September 2, 2026. The purchases take ICICI Bank's holding past the majority-mark it already held in the listed life insurance arm, deepening its exposure to the bancassurance-driven insurance business.

Power Grid Corporation of India

Power Grid has received a Letter of Intent (LoI) valued at ₹3,244.33 crore from Rajasthan REZ to establish an inter-state transmission system. The award adds to the state-run transmission major's project pipeline, which is closely tied to the evacuation of renewable energy, including capacity aggregated under Rajasthan's renewable energy zone.

RBL Bank

RBL Bank mobilised around $3.40 billion (₹32,472 crore) through the Reserve Bank of India's special swap facility for FCNR(B) deposits up to August 31, 2026, the lender disclosed in an exchange filing on Wednesday. The RBI's swap window for Foreign Currency Non-Resident (Bank) deposits is a facility that lets banks raise overseas funds at concessional rates, typically aimed at bolstering foreign exchange inflows.

Meesho

SoftBank is likely to sell 7 crore shares, or a 1.5% stake, in Meesho through a block deal worth approximately ₹1,435 crore. The floor price has been set at ₹205 per share, implying a discount of up to 3.12% to the current market price. The sale would continue the pattern of stake trimming by early investors in the e-commerce company following its listing, a common post-listing liquidity event for venture capital and private equity backers.

HUDCO

The 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. For HUDCO, a state-owned housing and infrastructure finance lender, such state-level MoUs expand its sanctioned loan book tied to infrastructure development.

Hexaware Technologies

Hexaware Technologies has announced a leadership transition. Srikrishna Ramakarthikeyan will step down as CEO and whole-time director effective October 28, 2026. The board has appointed Vivek Jetley as CEO from the same date, while Ramakarthikeyan will remain associated with the company as a senior advisor. Jetley's elevation from within the IT services firm's leadership marks a planned succession rather than an external hire.

Page Industries

Page Industries has received a notice from a Dubai court regarding a claim filed by Yellow Flower Trading LLC in a dispute over 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. The company is the exclusive licensee of Jockey-brand innerwear and related apparel in India and certain overseas markets, making its international distribution relationships central to its business.

Aster DM Quality Care

A block deal took place in Aster DM Quality Care, with TPG affiliate Centella Mauritius selling 46.1 lakh shares, or a 0.53% stake, for around ₹350 crore. Union (Mauritius) Holdings bought the shares at an average price of ₹760 apiece on the NSE.

Pine Labs

A block deal in Pine Labs saw Alpha Wave Ventures sell 3.55 crore shares, or a 3.1% stake, for ₹550 crore. Buyers included ICICI Prudential Life Insurance, Societe Generale, Goldman Sachs Investments Mauritius and Viridian Asia Opportunities Master Fund, which together acquired around 2.61 crore shares. The transaction was executed at an average price of ₹155.1 per share on the NSE. Notably, ICICI Prudential Life Insurance, whose parent was itself buying shares on the exchange the same week, appeared among the institutional buyers in the payments company's block trade.

Fertilizers and Chemicals Travancore

Fertiliser maker FACT said 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.