Here’s a quick look at stocks likely to be in focus in today’s trade.
Zee Entertainment
The Board of Directors of Zee Entertainment Enterprises (ZEE) has given the green light to issue up to 16.95 crore fully convertible warrants to entities belonging to the promoter group on a preferential basis, priced at ₹132 per warrant, with the aim of raising ₹2,237.44 crore.
NTPC
The state-owned power giant has announced that its board will meet on June 21, 2025, to consider a proposal to raise up to ₹18,000 crore through bond issuance, according to a filing with the stock exchanges on Monday.
Tanla Platforms
The company stated that its board of directors has given the green light to a share buyback plan valued at up to ₹175 crore.
IIFL Finance
A Mumbai-based non-banking financial company announced today, June 16, the appointment of B. P. Kanungo, former deputy governor of the Reserve Bank of India, as an independent director on its board.
Reliance Industries, Asian Paints
Mukesh Ambani’s Reliance Industries (RIL) offloaded 85 lakh shares of Asian Paints, India’s largest paint manufacturer, through a block deal valued at ₹1,876 crore.
Biocon
Biocon has initiated its qualified institutional placement (QIP) to raise ₹4,500 crore, setting the floor price at ₹340.20 per share in accordance with Sebi’s pricing guidelines.
Macrotech Developers
Macrotech Developers has officially changed its name to Lodha Developers, effective June 16, following approval from the Ministry of Corporate Affairs (MCA).
Hyundai Motor
Hyundai Motor India commenced production of passenger vehicle engines at its Talegaon plant in Maharashtra on June 16.
ICICI Bank
The private sector bank stated that it has received the Reserve Bank of India’s (RBI) approval to reappoint Sandeep Batra as its executive director.
Jindal Steel and Power
The company stated that its board of directors has given the green light to a proposal for renaming the company as Jindal Steel Limited, pending required approvals from shareholders and regulatory authorities.
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