Markets

Few Shares Tendered in Open Offer for Novartis India Equity The tender of equity shares from the public shareholders in connection with the Open Offer for Novartis India Limited has recorded very low figures as of June 23, 2026.The Open Offer concerns the acquisition of up to 64,19,608 fully paidup equity shares of face value INR 5 each, representing 26% of the Voting Share Capital of Novartis India Limited. The Acquirers in this transaction include WaveRise Investments Limited, ChrysCapital Fund X, Two Infinity Partners, ChrysCapital X, LLC, and OceanEdge Investments Limited.As per the disclosure regarding the Open Offer, submissions were recorded across two channels: dematerialized form and physical form.The details of shares...

Aanchal Ispat Ltd Board Approves Issuance of Up to 10.55 Lakh Fully Convertible Warrants Aanchal Ispat Ltd announced decisions made by its Board of Directors during a meeting held on June 23, 2026. Among the key approvals was the raising of funds through the issuance of Fully Convertible Warrants (FCWs) on a preferential basis to the Promoter category.The company approved the offer for up to 10,55,000 FCWs with a face value of Rs. 10 each. The warrants are being offered at an issue price of Rs. 82 per warrant, aggregating up to Rs. 8,65,10,000.Under the proposed issuance structure, only 25% of the Warrant Issue Price is payable at the time of subscription and allotment. The remaining 75% will be paid by the warrant holder upon the...

Panorama Studios Inflight LLP Signs Agreement with Unnathi Studio for Worldwide Airborne Rights of 'Bayakegalu Berooridaga' Panorama Studios International Limited, through its subsidiary Panorama Studios Inflight LLP, has finalized an agreement with M/S Unnathi Studio Pvt Ltd regarding the exploitation of airborne rights for the cinematographic film titled 'Bayakegalu Berooridaga'.The agreement grants Unnathi Studio exclusive worldwide rights to exploit the airborne aspects of the film, including in India. This strategic partnership focuses on maximizing the commercial reach and specialized rights associated with the production.'Bayakegalu Berooridaga' features a cast including Sharanya Pattanshetty, Akarsh Aditys, Ajay...

BlueStone Jewellery and Lifestyle to Host Non-Deal Roadshow in Singapore BlueStone Jewellery and Lifestyle Ltd has announced its participation in a nondeal roadshow scheduled for next month, targeting analysts and institutional investors. The meeting is set to be held physically in Singapore.The event details confirm that the company will participate in the non-deal roadshow on Tuesday, June 30, 2026. The physical meeting is slated to commence at 10 a.m. SGT (Singapore Time).In preparation for the investor gathering, BlueStone has made available relevant materials. These include the latest earnings presentation and the Investor Day 2026 presentation. The company uploaded these documents on its website on April 23, 2026, and...

RBI Governor Launches CAFRAL Campus, Bolstering Capacity Building and Advanced Financial Research The Reserve Bank of India (RBI) has significantly amplified its focus on advanced financial research and capacity building. Shri Sanjay Malhotra, the Governor of the Reserve Bank of India, inaugurated the new campus facility for the Centre for Advanced Financial Research and Learning (CAFRAL). This RBI-promoted institution is set to redefine the standards of finance education and professional development in the country.The Significance of the CAFRAL Campus Inauguration The inauguration ceremony took place in Mumbai on June 23, 2026. Governor Shri Sanjay Malhotra utilized the occasion to emphasize the critical importance of continuous...

TANFAC Industries Approves Issue Opening and Sets Floor Price at ₹2090.34 Per Share TANFAC Industries Ltd., a joint sector company alongside TIDCO and Anupam Rasayan India Ltd., announced key approvals regarding its upcoming equity Issue. The Fund-Raising Committee meeting held on June 23, 2026, finalized the parameters for the placement document and authorized the start of the Issue.The committee approved and adopted the preliminary placement document, dated June 23, 2026, along with the application form related to the planned Issue. The decision also granted authorization to open the Issue immediately on June 23, 2026.A material component of the approval was the setting of the floor price for the Issue. The committee approved a...

Honasa Consumer Limited Acquires 58% Stake in Fluence Pharma to Enter Nutraceuticals Space Honasa Consumer Limited, a prominent name in India's beauty and personal care sector, has announced a strategic move into the nutraceuticals industry. The company has acquired a majority stake of 58% in Fluence Pharma, a science-backed nutraceuticals company known for its patented Cyclical Nutrition Therapy (CNT 1) and robust dermatologist-led distribution network.This acquisition marks Honasa's formal entry into the high-growth nutraceutical market, aiming to build science-backed solutions that address the evolving consumer demand for holistic "inside out" beauty in India. The overall Indian nutraceuticals market is estimated at over INR 16,000...

Auto Giant Honda Motor Acquires Key Stake in Astemo, Bolstering Component Dominance Post CCI Approval Strategic Importance of the Acquisition The Competition Commission of India (CCI) has granted approval for a major strategic transaction within the automotive sector. The approved combination involves the acquisition of a 21% voting interest in Astemo, Ltd. by Honda Motor Co., Ltd. This move significantly expands the footprint of the Acquirer in the high-precision component market.The acquisition is structured as a sale from Hitachi, Ltd. to Honda Motor Co., Ltd., representing a calculated expansion of the supply chain capability for the industry leaders. The formal approval was issued by the CCI on June 23, 2026.Understanding the...

Promoter Sells Equity Shares in Enbee Trade & Finance Ltd; Holding Reduced Post-Sale Enbee Trade & Finance Ltd reports that a member of the Promoter Group, Bharathi Narendra Gala, has sold equity shares. The transaction resulted in a reduction of their stake in the company.The sale occurred through the open market and was reported on June 23, 2026. Bharathi Narendra Gala disposed of 69,00,000 Equity Shares, which were valued at [20,04,728].Following this transaction, the individual's holding in Enbee Trade & Finance Ltd stands at 1,46,81,410 shares. The post-sale holding represents 2.09% of the company's equity shares, down from a previous stake of 3.08%.The details of the shareholding changes for Bharathi Narendra Gala are as...

Polymac Thermoformers Ltd updates Board composition; Independent Director resigns, new appointee announced Polymac Thermoformers Ltd has made changes to its board of directors. The company recorded the resignation of Mr. Abhay Goenka as an Independent Director and simultaneously approved the appointment of Mr. Titas Bose as an Additional Director designated as an Independent Director. These decisions were finalized during a Board meeting held on June 23, 2026.Mr. Abhay Goenka tendered his resignation from the post of Independent Director, effective June 22, 2026. The company confirmed that the resignation was due to personal and unavoidable circumstances. Mr. Goenka also provided confirmation stating that there are no other material...

Major Institutional Powerhouse Investors Surge into Craftsman Automation with 9-Investor Block Deal Nine domestic and global investors collectively acquired a strategic 2 percent stake in Craftsman Automation through open market transactions on June 23. The company, which manufactures aluminium casting products and powertrain components for the automotive and industrial engineering sectors, saw its shares purchased at a price of Rs 9,250 per share.This investment signals growing confidence from prominent financial entities into the manufacturing sector. The syndicate includes major institutions such as Franklin Templeton, Merrill Lynch, and Abu Dhabi Investment.Key Investors Driving Stake Acquisition HDFC Mutual Fund emerged as the...

Anti-Dumping Probe Initiated: India Targets Cheap Imports of Electrical Steel from China and Global Markets India has initiated a significant anti-dumping probe targeting imports of electrical steel, a crucial component for transformers, sourced from several international nations. The move comes following a formal complaint that suggests the cheapness of these imports is materially hurting domestic manufacturing interests.The Directorate General of Trade Remedies (DGTR) announced the investigation, confirming that it has been launched based on a substantiated application. This action targets 'Cold Rolled Grain Oriented Electrical Steel and Amorphous Metal' imported from China, Japan, Korea, and Russia.Why the Investigation Was...

RBI Eases NOP-INR Constraints for Banks, Boosting Confidence Amid FCNR-B and ECB Inflows Central Bank Action Bolsters Banking Sector Amid Currency Risk Management The Reserve Bank of India (RBI) announced a significant easing of the net open position on the Indian rupee (NOP-INR) requirements for banks. This decision was formalized on June 23, providing much-needed relief to financial institutions operating in the current market climate.The RBI clarified that banks can now exclude specific positions when calculating their NOP-INR. These excluded positions stem from hedged transactions related to Foreign Currency Non-Resident Bank (FCNR-B) deposits and External Commercial Borrowings (ECBs).This move allows banks utilizing FCNR-B...

Global Trade Tensions Escalate: WTO Sets Up Panel Over India's Solar and Tech Protectionism The World Trade Organization (WTO) has moved forward with a major trade dispute, setting up a specialized panel to examine measures imposed by India on solar cells, IT goods, and related sectors. This development follows an escalated complaint filed by China alleging that specific Indian policies discriminate against Chinese technology exports and violate international trade norms.China had previously challenged India's actions in December of last year, seeking recourse under the WTO dispute settlement mechanism. After initial blocking attempts by India were unsuccessful, a second request from Beijing was accepted by the WTO’s Geneva-based...

Endurance Technologies Elevates HR Leader Preety Raj to President Cadre Endurance Technologies Ltd has announced a key leadership transition, reporting that Ms. Preety Raj, who previously served in a capacity related to Human Resources, has been elevated to the rank of President within the company. This promotion classifies her as Senior Management Personnel according to the company's Nomination and Remuneration Policy.The elevation was made following promotions announced by the Company on June 23, 2026. Ms. Raj holds a Master's degree in Human Resources and Industrial Relations and possesses a Diploma in Management from Harvard Business School and an Executive MBA from IIM, Bangalore. In her current role, she oversees the complete...

Tanla Platforms Director Dr. Sanjay Kapoor to Retire Upon Completion of Term Tanla Platforms Limited has confirmed that Dr. Sanjay Kapoor, a Non-Executive Director, will retire from the company upon completion of his term of office. The cessation is effective as of July 24, 2026, at the close of business hours.Dr. Kapoor was appointed to the role of Non-Executive Director by shareholders during an Annual General Meeting held on July 25, 2024, for a tenure spanning two years commencing from that date. The retirement marks the completion of his designated term with the company.The Board of Directors and management of Tanla Platforms Limited expressed sincere appreciation for Dr. Kapoor’s guidance, support, and valuable contributions...

Flexituff Ventures International Ltd Reports Resignation of Statutory Auditor Flexituff Ventures International Limited has reported the resignation of its statutory auditors, M/s. Mahesh C. Solanki., Chartered Accountants. The firm tendered their resignation effective June 19, 2026.The change in auditor was attributed to several factors detailed by the auditing firm. According to the resignation notice, the decision was necessitated due to the prolonged non-payment of outstanding audit fees, despite multiple reminders and follow-ups regarding the dues. The company's business operations were also cited as being under a severe deadlock position.The statutory audit relationship details, which spanned several years, are as follows...

Rashi Peripherals Approves 67% Stake Acquisition in VDA Infosolutions; Recommends Audit Firm Appointment Rashi Peripherals Limited announced key decisions following its Board meeting held on June 23, 2026, approving the acquisition of a significant stake in VDA Infosolutions Private Limited. The Board also recommended the re-appointment of Deloitte Haskins & Sells LLP as the Statutory Auditors for the company's second tenure.The acquisition targets 67% of the paid-up equity share capital in VDA Infosolutions Private Limited (VDA). Rashi Peripherals Limited is set to enter into a Definitive Agreement, with the total cash consideration for the stake set at INR 368.50 Crores. Upon completion, VDA will become a subsidiary of Rashi...

Tanla Platforms Limited Announces 30th Annual General Meeting; Notes Retirement of Non-Executive Director Dr. Sanjay Kapoor Tanla Platforms Limited has announced two key outcomes from its Board of Directors meeting held on June 23, 2026: scheduling the company's upcoming Annual General Meeting (AGM) and noting the retirement of Non-Executive Director, Dr. Sanjay Kapoor.The Board meeting determined that the 30th Annual General Meeting (AGM) will be held on Monday, July 20, 2026. The meeting is scheduled for 04:00 PM (IST) and will utilize Video Conferencing or Other Audio-Visual Means.Retirement of Dr. Sanjay Kapoor The Board also noted the retirement of Dr. Sanjay Kapoor, a Non-Executive Director of the Company. Dr. Kapoor's tenure...

Rose Merc Ltd grants 20,000 stock options under RML Employee Stock Option Plan II, 2023 Rose Merc Ltd announced that its Compensation Committee granted a total of 20,000 stock options to three eligible employees as part of the "RML Employee Stock Option Plan II 2023" (RML ESOP II 2023). The decision was made at a meeting held on June 23, 2026.Each stock option granted under the plan entitles the employee to apply for one equity share of the Company, with each share having a face value of Rs. 10/-.The details regarding the options granted are summarized below:FeatureDetailsTotal Stock Options Granted20,000Number of Employees Granted To3Share Face ValueRs. 10/- per equity shareExercise Price per OptionRs. 70/-...