Markets

Emirates NBD Launches Open Offer for RBL Bank Shareholders Targeting 26% Stake Emirates NBD Bank (PJS C) has announced an Open Offer aimed at acquiring shares from the public shareholders of RBL Bank Limited. The offer allows the Acquirer to acquire up to 415,586,443 fully-paid-up equity shares of the Target Company, representing 26.00% of its Expanded Voting Share Capital.The Open Offer was structured with a total consideration set at INR 117,353,299,774.34 (One hundred seventeen billion, three hundred fifty-three million, two hundred ninety-nine thousand, seven hundred seventy-four rupees thirty-four paise), payable in cash.The offer price was determined by the base Offer Price of INR 280 per Equity Share, supplemented by an...

Himadri Speciality Chemical Increases Stake in International Battery Company to 20.47% Himadri Speciality Chemical Ltd has reinforced its commitment to advanced battery technologies through a significant investment into International Battery Company, Inc. (IBC), a U.S.-headquartered developer and manufacturer of chemistry-agnostic prismatic Lithium-ion cells. The investment moves the company's stake in IBC from 17.29% to 20.47%.The increased financial commitment reflects the progress made over the past year within the partnership, confirming Himadri’s confidence in IBC’s technology platform and its growth trajectory.Through the latest investment of USD 0.66 million, Himadri has enhanced its total aggregated investment in IBC...

SBI-backed Auction: ₹16,900 Crore in State Government Securities Up For Grabs by RBI Massive Spectrum of State Securities Offered at RBI Auction The Reserve Bank of India (RBI) has announced a large-scale auction for various State Government Securities (SGS), totaling an aggregate face value of ₹16,900 Crore. This comprehensive offering includes stocks from nine states and several Union Territories, presenting diverse investment opportunities to eligible individuals and financial institutions.The auction encompasses securities ranging from re-issued bonds in specific states like Bihar, Chhattisgarh, Madhya Pradesh, and Tamil Nadu, to new issues across numerous state governments. The offerings are classified into both Price-based and...

District Court Directs Status Quo in Suit Over Ansal Properties' Pledged Shares Ansal Properties & Infrastructure Limited has taken legal action against several entities, seeking a court order to protect and restrain third-party claims over its promoter group's pledged equity shares. The Delhi District Court issued an injunction directing the defendants to maintain status quo concerning the collateral until further notice.The company filed a commercial civil suit against DMI Alternative Investment Fund, DMI Alternatives Private Limited, DMI Finance Private Limited, Vistra ITCL (India) Limited (Trustee), and Trait IT Park Private Limited. The lawsuit seeks both a decree for the rendition of accounts and a permanent injunction to...

Chennai Petroleum Corporation Granted Navratna Status by Government of India The Government of India has granted Navratna Status to Chennai Petroleum Corporation Limited (CPCL). The designation was conferred following a determination made by the Department of Public Enterprises (DPE).Chennai Petroleum Corporation Limited, which operates as a Group Company of IOCL and is an Enterprise of the Government of India, received the status grant. This decision by the DPE confirms CPCL's standing within its national structure.CHENNPETRO Stock Price Movement Shares of Chennai Petroleum Corporation Limited slipped today, settling at ₹1097.8 after shedding 1.86% in post-market trading. The stock traded a total volume of 817,851 shares during the...

Welspun Living Completes Extinguishment of 1.44 Crore Shares Following Buyback Welspun Living Limited has completed the extinguishment of equity shares following its buyback transaction, resulting in a reduction in its issued capital. The company confirmed the completion of the process after acquiring and canceling 1,44,00,000 fully paid-up equity shares.The buyback offer was open from May 29, 2026, to June 4, 2026. As part of this transaction, Welspun Living Limited extinguished the purchase of 1,44,00,000 Equity Shares. These shares were in dematerialized form and the total number of physical shares extinguished was Nil.The extinguishment of these shares led to a reduction in the company's issued capital. Prior to the buyback, the...

Bampsl Securities Ltd Board Approves Reappointment of Sachin Singhal as Independent Director Bampsl Securities Ltd has approved the re-appointment of Mr. Sachin Singhal to serve as an Independent Director for a second term. The decision was made by the company's Board of Directors during a meeting held on June 19, 2026.The Board resolution granted Mr. Sachin Singhal a two-term extension, effective from June 19, 2026. He is slated to serve for five consecutive years in this renewed capacity. The re-appointment of Mr. Singhal as an Independent Director remains subject to the approval of shareholders at the upcoming Annual General Meeting.In line with the Board's decision, Mr. Sachin Singhal has provided his consent to be re-appointed...

Goodluck Defence Subsidiary Secures Rs 255 Crore Order for Supply of 155mm Long Range Empty Shells Goodluck Defence and Aerospace Limited, a subsidiary of Goodluck India Limited, has secured a contract for the supply of 155mm long range empty shells in Ready to Fill Conditions. The order is valued at approximately Rs 255 Crores.The agreement details revolve around the manufacturing and delivery of these specified munitions. The subsidiary received the domestic contract, which falls under the Deliverable Base category. The successful execution of the order is contingent upon necessary approvals from a competent authority and a successful inspection by the end user.According to the contract terms, the supplies must be executed within...

Emirates NBD Releases Post-Offer Advertisement Details for RBL Bank Acquisition Emirates NBD Bank (PJS C) has issued a Post-offer Advertisement detailing its open offer to acquire equity shares of RBL Bank Limited. The offer provides shareholders with details regarding the acquisition, which represents 26.00% of the Expanded Voting Share Capital of RBL Bank.The Acquirer offered to purchase up to 415,586,443 fully-paid-up equity shares of face value INR 10/each from public shareholders. The offer price was set at INR 282.38 per share, which aggregated the Offer Price of INR 280 and an Applicable Interest of INR 2.38 per Equity Share.The total consideration for this acquisition, assuming full acceptance, amounted to INR...

Aequs Limited invests in subsidiary, supporting operational needs of French entity Aequs Aerospace France SAS, a wholly owned step-down subsidiary of Aequs Limited, has made an investment into AeroStructures Manufacturing India Private Limited. The transaction involves a cash investment totaling Euro Three Million only, which is approximately equivalent to Indian Rupees 33.02 Crores only.The investment was made in AeroStructures Manufacturing India Private Limited, which is also a wholly owned subsidiary of Aequs Limited. This capital infusion is designated for operational requirements and other general corporate purposes within the organization.Aequs Aerospace France SAS, established on January 12, 2017, operates in the industrial...

NCLT Passes Reserved Order in Corporate Insolvency Resolution Process for A.F. Enterprises Ltd The National Company Law Tribunal (NCLT) has passed a reserved order concerning the Corporate Insolvency Resolution Process (CIRP) initiated against A.F. Enterprises Ltd. The resolution process is being conducted under Section 7 of the Insolvency and Bankruptcy Code, 2016.The matter pertains to M/s. Findoc Finvest Pvt. Ltd., who has been named as the Applicant, versus M/s. AF Enterprises Ltd. as the Respondent. The order was delivered by the NCLT on June 10, 2025.The case details and associated parties were heard in a hybrid setting (physical and VC) before the Hon'ble Member (Technical), Ms. Anu Jagmohan Singh, with Justice Jyotsna Sharma...

Containe Technologies Ltd to Hold Board Meeting on June 24, 2026, to Consider Rights Issue Containe Technologies Ltd has scheduled a meeting of its Board of Directors for Wednesday, June 24, 2026, at the company's Registered Office in Hyderabad. The primary agenda item for this meeting is considering a proposal for fundraising through equity shares or other securities via a rights issue and/or any other permissible mode.The board meeting is set to take place at H. No. 3-13-142/ 341P, 342, Gokul Nagar Marriguda, Mallapur, Hyderabad, Secunderabad, Telangana, India, 500076. The company stated that the fundraising proposal is subject to requisite statutory and regulatory approvals as deemed appropriate by the Board.Trading Window Closed...

AMWILL Health Care Approves Significant Investments in Credit Fund and Government Securities AMWILL HEALTH CARE LIMITED announced that its Investment Committee has approved two strategic investments utilizing internal accruals, aiming to support the company's long-term growth strategy and positively contribute to its financial objectives.The committee approval, which was held on June 19, 2026, covers commitments across both private credit alternatives and secure government instruments.Under the investment mandate, AMWILL Health Care has approved an allocation of up to INR 3,00,00,000/- (Indian Rupees Three Crore Only) towards subscribing to Units of the MO Alternates India Credit Excellence Fund -I, which is categorized as a...

NCLT Admits CIRP Against Vikram Solar Ltd Over Operational Debt Claim from Isitva Steels The National Company Law Tribunal (NCLT) has admitted an application filed by M/s Isitva Steels Private Limited against M/s Vikram Solar Limited, ordering the initiation of the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority determined that the claim, which originated from sub-contracting works for a solar power project, qualifies as an Operational Debt and meets the minimum financial threshold required under the Insolvency and Bankruptcy Code (IBC), 2016.The application concerns work executed by Isitva Steels Private Limited in relation to a solar power project contracted by Vikram Solar Ltd. The original agreement was...

GB Logistics Commerce Announces Financial Results for March 2026; Approves Share Capital Increase and SPA Execution GB Logistics Commerce Ltd. has reported its Audited Financial Results for the quarter and year ended March 31, 2026. The company’s Board of Directors held a meeting on June 18, 2026, where they approved these results and sanctioned several corporate actions, including an increase in authorized share capital and the execution of a Share Purchase Agreement (SPA).The Board determined that the financial statements give a true and fair view of the company’s net profit and other financial information for the period ended March 31, 2026. The results were independently audited and received an unmodified opinion from the...

State Governments Offer ₹16,900 Crore in Securities Through RBI Auction The Reserve Bank of India (RBI) has announced an auction for various State Government Securities (SGS), offering a total face value amounting to ₹16,900 Crore. The securities offer opportunities across multiple states, ranging from Bihar and Chhattisgarh to Kerala and Tamil Nadu.The stocks are being offered through the RBI Core Banking Solution (E-Kuber) system. The auction is scheduled for June 23, 2026, with results expected on the same day. Successful bidders will receive payment during banking hours on June 24, 2026.The offerings encompass both competitive and non-competitive bidding options. Eligible individuals and institutions will be allotted up to ten...

Karur Vysya Bank Revises MCLR Base Rate and BPLR Effective June 22, 2026 Karur Vysya Bank Limited has announced revisions to its Marginal Cost of Funds Based Lending Rates (MCLR), the Base Rate, and the Bank Prime Lending Rate (BPLR). These rate changes will be effective from June 22, 2026.The bank provided details of the revised rates across several categories, including different maturities for MCLR. The revised MCLR rates are as follows:Nature of ROIExisting RateRevised RateOvernight MCLR8.65%8.75%One-month MCLR8.55%8.65%Three-month MCLR8.85%8.95%Six-month MCLR9.00%9.10%One-year MCLR9.15%9.25%In addition to the MCLR revisions, the Bank also updated its Base Rate, which saw an increase from 10.50% to 11.00%...

Central Depository Services Appoints Nayana Ovalekar as Executive Director for Vertical 2 The Governing Board of Central Depository Services (CDSL) Limited approved the appointment of Smt. Nayana Ovalekar as Executive Director for Vertical 2. The decision, ratified on June 19, 2026, names her to oversee Regulatory, Compliance, Risk Management, and Investor Grievances functions within the organization.Smt. Ovalekar will hold the position of Executive Director for Vertical 2 for a term spanning five years. Her appointment is effective from June 19, 2026, until June 18, 2031, subject to Shareholder ratification.In addition to her new role, the Board approved that Smt. Ovalekar shall continue in her existing capacity as Chief Regulatory...

Zydus Lifesciences Extinguishes 87 Lakh Equity Shares Bought Back in Tender Offer Zydus Lifesciences Ltd has completed the extinguishment of a significant number of equity shares bought back through a tender offer, reducing its fully paid-up share capital following the corporate action. The Company confirmed that 87,30,158 Equity Shares had been extinguished, which were in dematerialized form.The buyback operation involved Zydus Lifesciences with shareholders at a specified price. A total of 87,30,158 Equity Shares, each having a face value of INR 1, were bought back at a price of INR 1,260 per share. The aggregate amount for this buyback did not exceed INR 1100,00,00,000.The extinguishment was completed in compliance with relevant...

Amwill Health Care Ltd Approves Strategic Investments in Credit Fund and Government Securities Amwill Health Care Ltd has announced decisions regarding two strategic investments approved by its Investment Committee, sourced from the company's internal accruals. The investments are targeted at bolstering financial growth and supporting long-term operational objectives.The company plans to invest up to INR 3,00,00,000 in subscribing to the Units of MO Alternates India Credit Excellence Fund -I (Category II AIF). This initiative is anticipated to contribute positively towards the company's overall financial growth and its ongoing operational goals.In addition, Amwill Health Care Ltd has approved an investment limit of up to INR...