Markets

Durga Ramji Acquires Shares in Polyspin Exports Ltd through Transmission from Deceased Husband Durga Ramji, a Promoter of Polyspin Exports Ltd, has acquired 4,99,579 equity shares after the transmission of shares following the demise of her husband, R. Ramji. The transaction occurred on June 18, 2026.The acquisition involves the transfer of these equity shares in Polyspin Exports Limited (Polyspin), which has a face value of Rs. 5/- per share. This specific transmission falls among the Promoters and is noted as being within an exemption related to substantial acquisitions.Following this transaction, Durga Ramji's holding in Polyspin Exports increased significantly. Prior to the acquisition, she held 23,36,113 shares, representing...

SVA India Ltd Achieves 100% Stake in Aussee Oats Milling Private Limited SVA India Ltd has completed the acquisition of all shares in Aussee Oats Milling Private Limited, transforming the company from an Associate Company into a Wholly Owned Subsidiary. The transaction, effective as of June 23, 2026, saw SVA India increase its shareholding to 100% across both equity and preference shares.Aussee Oats Milling Private Limited, which is incorporated in Sri Lanka, operates in the manufacturing and exporting of oats and oats-based products. The acquisition represents a transfer within a Related Party Transaction, as Aussee Oats Milling previously shared a common director with SVA India Ltd.The change in control was executed through a Cash...

Banks Face Liability Reckoning as Deposit Composition Shifts: Retail Competition Forces Major Strategy Pivot India's banking sector is undergoing a profound structural change in its deposit composition. A report by Crisil highlights that lenders are now compelled to completely rethink their liability strategies amidst intense competition for retail deposits and shifting customer preferences toward higher-yielding savings products. This evolution underscores the dynamic pressure faced by financial institutions across the board.Structural Shifts in Bank Deposit Composition In fiscal 2026, total deposits within India’s banking sector expanded robustly by 13.5 percent year-on-year, reaching approximately Rs 262 trillion. However, this...

Acquirers and PACs Launch Open Offer for Purple Finance Ltd., Targeting 26% Stake at ₹55 Per Share Purple Finance Limited, a publicly listed company, is facing an open offer initiated by Allied Commodities Private Limited, Mr. Sandeep Jindal, and various associated Persons Acting in Concert (PACs). The transaction aims to acquire up to 1,76,48,152 fully paid-up equity shares, representing 26.00% of the Emerging Voting Capital of the Target Company.The offer price for the Equity Shares has been set at ₹55.00 per share, which is payable in cash. The total value of the proposed acquisition amounts to ₹97,06,48,360.The open offer was launched with a specific timeframe, beginning on Wednesday, July 01, 2026, and closing on Tuesday, July...

US Lifts Sanctions on Iran Oil: India Poised for Massive Import Resurgence and Strategic Sourcing Shift Iranian Crude Set to Re-Enter India's Oil Basket India is poised to become a major purchaser of Iranian crude oil following the temporary lifting of sanctions by the US Treasury Department. The department authorized the production, delivery, and sale of Iranian crude and associated products for a limited period. This move allows Iranian-origin crude oil, petroleum products, and petrochemicals to be traded through August 21, based on a memorandum of understanding between Washington and Tehran.This development marks a significant potential shift in India's energy sourcing strategy. Historically, Iran was a crucial supplier, with the...

Mineral Security Surges: India Auctions 56 Critical Blocks, Accelerating Green Tech Supply Chains The Ministry of Mines has reported a major advancement in strengthening India's critical mineral security and exploration ecosystem. The successful completion of recent auction tranches signifies a significant step towards fortifying domestic mineral supply chains and advancing the National Critical Mineral Mission. These milestones underscore the nation’s commitment to systematic mineral discovery and industrial self-reliance.Critical Mineral Auction Pushes National Mission to New Heights The total number of critical and strategic mineral blocks successfully auctioned has reached 56 following recent successful auctions completed by the...

eClerx Services Ltd Schedules One-to-One Investor Meeting with Avendus Spark Institutional Equities eClerx Services Ltd has scheduled a one-to-one investor meeting with Avendus Spark Institutional Equities Pvt. Ltd. The interaction is set for June 23, 2026, and will focus on industry and company specific developments that are already in the public domain.The meeting is structured as a virtual session, providing an opportunity for dialogue between the company and the institutional equities firm regarding current market trends and corporate progress.Details of the scheduled investor interaction are provided below:DateInteraction withDiscussionVenueTypeJune 23, 2026Avendus Spark Institutional Equities Pvt. Ltd.Industry/ Company...

Ashnisha Industries Denies Social Media Rumors, Condemns Misleading Stock Recommendations Ashnisha Industries Ltd has issued a formal statement strongly refuting false and misleading information concerning the company's securities that have been circulating across social media platforms. The company stated it holds no knowledge of any such stock recommendations or investment advice disseminated by unauthorized parties.The company unequivocally denied association with any individual or entity providing these unfounded recommendations, emphasizing that Ashnisha Industries does not support or promote the circulation of rumors and unauthorized activities related to its securities. It strongly condemned the dissemination of false and...

Maharashtra Vows Uniform Civil Code: Gov't Pushes Common Law Amid Triple Talaq and Women Rights Debates The Maharashtra government has declared a "100 per cent" commitment to introducing a Uniform Civil Code (UCC). The State committed during a legislative discussion that it is actively moving forward with the proposal. A committee, led by a retired High Court judge, has been constituted specifically to draft the UCC bill for implementation in the state.The matter was raised following a calling attention motion brought by BJP MLA Devyani Farande. The motion referred to concerns raised by Muslim women who were allegedly affected by issues related to triple talaq and personal laws. This discussion triggered intense exchanges among...

Kotak Mahindra Bank Pays Interest on Senior Unsecured Bonds to Bondholders Kotak Mahindra Bank Ltd has confirmed the interest payment to the bondholders of its 7.55% Senior Unsecured Rated Listed Redeemable Long Term Bonds (Non-Convertible Debentures). The payments were completed on June 23, 2026.The bank released details confirming the remittance of interest due under the bonds. This transaction pertains to the senior unsecured notes which carry a coupon rate of 7.55%.Interest Payment DetailsKey financial and operational details regarding the interest payment are as follows:ParameterDetailIssue Size (in Rs.)Rs. 18,950,000,000/-Interest Amount PaidRs. 1,430,725,000/-ISININE237A08973Frequency of PaymentAnnually...

SEBI Overhauls Ad Rules: Proposing Shift from Mandatory Prior Approval to Digital Reporting and Permits Celebrity Endorsements SEBI has released a comprehensive Consultation Paper proposing a unified Common Advertisement Code (CAC) for various regulated financial entities, aiming to streamline compliance while bolstering investor protection in the digital age. The initiative seeks to replace the currently fragmented landscape of entity-specific and exchange-level guidelines with a single regulatory framework. This proposal addresses significant operational hurdles faced by firms operating across multiple capacities.Addressing Regulatory Fragmentation and Compliance Hurdles Currently, advertising standards for SEBI-regulated entities...

JM Financial Allots 4,93,742 Equity Shares Following Exercise of Employee Stock Options JM Financial Limited has completed the allotment of equity shares following the exercise of stock options by eligible employees under its Employees' Stock Option Scheme (ESOS). The allotment was approved by the company's Allotment Committee and pertains to a total of 4,93,742 equity shares, each having a face value of ₹1/-.The allocation details across various series of the ESOS are as follows:SeriesNumber of Stock Options Exercised and Shares AllottedESOS - Series 1317,742ESOS - Series 192,26,000ESOS-Series 202,50,000Total4,93,742Following the allotment of these equity shares, the paid up equity share capital of JM Financial...

Cordelia Cruises IPO Faces Weak Day 1 Subscription: Only 16% Booked Amid GMP Decline Waterways Leisure Tourism, the issuer of the Cordelia Cruises initial public offering (IPO), witnessed sluggish investor appetite on Tuesday. The Rs 585-crore issue received limited subscription on the first day of share sale, achieving only 16 percent of the shares available. This outcome signals a cautious market reaction to the cruise operator's listing.IPO Subscription Breakdown and Details As reported by NSE data up to 4:10 pm, the IPO was offered 41.84 lakh shares but received bids for just 6.85 lakh shares. The subscription level varied across different investor categories.The retail investors portion of the sale fetched an 85 percent...

HCLTech, Circles, and GreySkies Collaborate on TM Forum Catalyst Program to Drive AI-Led Network Automation HCLTech, Circles, and Greyskies have announced their participation in the TM Forum Catalyst Program, a collaborative innovation initiative focused on the telecommunications industry. This partnership aims to co-create next-generation solutions for Communication Service Providers (CSPs) by addressing the need for accelerated AI-led autonomous network operations.As part of this program, the three companies are working alongside leading telecom operators including Circles.Life, KDDI, Orange, and TELUS. Their joint effort is centered on developing a new AI-powered multiagent framework designed to integrate customer experience...

IIFL Capital Services Allots 17,80,600 Equity Shares Under Employee Stock Option Scheme IIFL Capital Services Ltd has increased its equity base following the allotment of new shares to employees who exercised stock options under the IIFL Securities Limited Employee Stock Option Scheme - 2018 (IIFL ESOS - 2018).The Nomination and Remuneration Committee of the Company's Board of Directors allotted 17,80,600 Equity Shares to employees. These newly issued equity shares are stated to rank pari passu with existing equity shares from the date of allotment.This transaction updates the company's equity structure, increasing the total base of outstanding shares. The equity base of IIFL Capital Services Ltd increased from 311,669,964 Equity...

Clean Science and Technology Ltd Affirms Volume Surge Is Market Driven Clean Science and Technology Ltd has addressed concerns regarding a significant increase in trading volume of its securities across stock exchanges, stating that the volatility is purely attributable to prevailing market conditions.The company clarified that there are no undisclosed price-sensitive information, pending announcements, or corporate actions that require disclosure and could impact the price or volume movement of its shares.In relation to the heightened trading activity in its stock, Clean Science confirmed that the increase in volume appears entirely market driven. The company stated it has neither control over nor specific knowledge regarding the...

CreditAccess Grameen Schedules Investor Meetings With Mutual Funds and Asset Managers CreditAccess Grameen Ltd has scheduled a series of one-to-one investor meetings with various financial institutions for June 2026. The meetings cover different modes and locations, including virtual and physical engagements in Mumbai and Hong Kong.The company provided the schedule detailing these investor interactions across multiple dates.The planned investor meetings are as follows:DateTimeInvestorsMeeting TypeModeLocation24 June 20264:30 PM to 5:30 PM (IST)Baroda BNP Paribas Mutual FundOne to OneVirtualMumbai25 June 202612 Noon to 1:30 PMBalyasny Asset ManagementOne to OnePhysicalHong Kong25 June 20262:00 PM to 3:00 PMValue...

Dabur India Ltd Schedules Board Meeting to Consider Q1 2026 Unaudiated Financial Results Dabur India Ltd has scheduled a meeting of its Board of Directors to review and approve the unaudited financial results for the quarter ending June 30, 2026.The board meeting is set to take place on Wednesday, July 29, 2026. The primary agenda item for the gathering will be the consideration and approval of the Company’s unaudited financial results for the specified period.DABUR Stock Price Movement Shares of Dabur India Limited slipped slightly today, concluding the trading session down 0.37% to settle at ₹422.25. The equity saw a total traded volume of 1.55 million shares during the session.

Sonal Adhesives Promoter Holding Increases Following Share Transmission Acquisition Sonal Adhesives Limited has reported an increase in its promoter's shareholding following the transmission of shares by Megha Arora. The transaction, which occurred on June 20, 2026, resulted in a rise in her stake within the company.Megha Arora, who is identified as a member of the Promoter Group and an Acting in Concert (PAC) with the acquirer, acquired the shares through transmission.As per the recorded details:Before Acquisition: Megha Arora’s holding stood at 1,42,000 shares, representing 2.34% of the total share/voting capital and 2.34% of the total diluted share of Sonal Adhesives Limited. Acquisition Details: The number of shares acquired...

LT Foods Incorporates Wholly Owned Subsidiary in Australia LT Foods Limited has expanded its international footprint by incorporating a new wholly owned subsidiary in Australia. The company confirmed that it established 'LT FOODS AUSTRALIA PTY LIMITED' as its new entity in the Australian market.The incorporation details for the new subsidiary were registered under the name LT FOODS AUSTRALIA PTY LIMITED and bear the Australian Company No. 699 353 805. The establishment of this wholly owned subsidiary was completed on June 23, 2026.LTFOODS Stock Price Movement Shares of LT Foods Limited slipped by 2.24% today, settling at ₹379.35 following weaker selling action in the post-market trade. The stock traded throughout the day between a...