Markets

PNB Housing Finance Allots Rs 500 Crore in Secured NonConvertible Debentures PNB Housing Finance Limited has approved and executed the allotment of NonConvertible Debentures (NCDs) worth Rs 500 Crore. The allotment was finalized on June 09, 2026, through a private placement conducted via the Electronic Book Provider (EBP) platform of the National Stock Exchange of India Ltd (NSE).The Company's Management Committee, authorized by the Board of Directors, approved the issue of 50,000 Listed, Secured, Rated, Taxable, Redeemable NCDs. Each debenture has a face value of Rs 1,00,000, aggregating to the total amount of Rs 500 Crore.The NCDs are scheduled for listing on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange...

Teamtech Formwork Solutions Secures Significant Order Worth 9.44 Crore from Lloyds Teamtech Formwork Solutions Limited has secured a major order for the supply of formwork from Lloyds. The contract details indicate that this significant business transaction falls within the ordinary course of the company's operations and is expected to be executed within the stipulated timeline.The terms and conditions related to the contract highlight several key aspects of the deal. Teamtech Formwork Solutions Limited has received a substantial order, which exceeds the 10% threshold based on previous year's revenue.Key details regarding the new contract are as follows:ParticularsDetailsName of the entity awarding the orderLloydsNature of...

Dev Accelerator Secures In-Principle Approval from NSE and BSE for Preferential Share Issue Dev Accelerator Limited, formerly known as Dev Accelerator Private Limited, has secured in-principle approvals from both the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange (BSE) concerning its planned preferential issue of equity shares. The approval pertains to an issuance involving both warrant conversions and dedicated preferential allotments.The company received the necessary In-Principle approvals on June 9, 2026, from the NSE and BSE, enabling it to proceed with the capital raise as stipulated by the exchanges.The approved issue structure varies across the two exchanges, reflecting specific tranches for...

Sanlam Emerging Markets Set to Overtake 50% Stake in SLiC Through Major Preferential Issue Proposed Combination Details Under Competition Commission of India Regulation A significant corporate action has been filed with the Competition Commission of India (CCI) regarding a proposed investment by Sanlam Emerging Markets (Mauritius) Limited (SEMM). The combination involves SEMM, identified as an Investor, and Shriram Life Insurance Company Limited (SLiC), which is the Target Entity. This filing pertains to a proposed preferential issue intended to increase SEMM’s stake in SLiC.The Proposed Combination is being conducted under Section 5(a) of the Act for a substantial amount. SEMM intends to invest Rs. 220,87,79,548/- (Rupees two hundred...

Promoter Acquires Shares of La Opala RG Limited in Significant Transaction Genesis Exports Private Limited, a promoter of La Opala RG Limited, has acquired equity shares in the company. The transaction involved the purchase of 45,000 Equity Shares for a value of 78,74,383.00.The acquisition was carried out between May 12, 2026, and June 08, 2026. Following this purchase, Genesis Exports Private Limited holds 45,000 equity shares, representing 0.04% of the company's stock.The details provided show a change in holding for the promoter entity. Prior to the acquisition, Genesis Exports Private Limited held 10 Equity Shares, which accounted for 0.07% of La Opala RG Limited's capital.Key figures regarding the shareholding transaction...

Zydus Healthcare Receives Partial Relief on GST Demand Orders for FY 2018-19 and 2019-20 Zydus Healthcare Limited (ZHL) has received a favourable ruling from the Appellate Additional Commissioner of State, Chhattisgarh, resulting in a partial drop of both demand and penalty pertaining to Input Tax Credit (ITC) charges. The relief pertains to initial Demand Orders issued for the financial years 2018-19 and 2019-20.The company had previously been subject to demands regarding these orders. Following the ruling from the Appellate Additional Commissioner, the demand and penalty related to GST have been significantly reduced across both mentioned fiscal years.Details of the initial and revised financial demands are provided below...

Fitch Assigns 'B+' Rating to IIFL Finance Ltd's USD500 Million Senior Secured Notes Fitch Ratings has assigned a final rating of B+ and a Recovery Rating (RR) of RR4 to the senior secured notes issued by IIFL Finance Limited. These notes, valued at USD500 million with a 7.6% interest rate, are due in September 2029 and form part of IIFL Finance's US$1 billion Global Medium Term Note Programme.The rating assignment followed Fitch's review of the final documentation for the instrument. The senior secured notes are backed by collateral that includes specified assets and receivables from the issuer.Credit Structure and Covenants These notes operate within the international market framework established under the Reserve Bank of India’s...

Lykis Ltd Shifts Registered Office within Mumbai Lykis Ltd has approved the relocation of its registered office within the city limits of Mumbai, effective from June 15, 2026. The move was authorized by the company's Board of Directors during a meeting held on June 09, 2026.The decision involves relocating the company’s operations and official base from its previous location in Andheri to a new address in Goregaon (East).Key details regarding the registered office transition are as follows:ParticularsDetailsReason for ChangeShifting of Registered Office within the city of Mumbai.Date of Board ApprovalJune 09, 2026Effective Date of New AddressJune 15, 2026Old Registered Address4th Floor, Grandeur Building, Veera Desai...

Quess Corp Limited Allots 28,395 Equity Shares Under Stock Ownership Plan Quess Corp Limited announced that its Nomination and Remuneration Committee approved the exercise of Restricted Stock Units (RSU) and the subsequent allotment of equity shares under the Quess Stock Ownership Plan 2020 (QSOP 2020). The decision was made on June 09, 2026.The company allotted 28,395 equity shares, each priced at Rs. 10/-, to RSU holders who exercised their rights under the QSOP 2020. These newly issued equity shares rank pari-passu with the existing equity shares of Quess Corp Limited in all respects.The allotment resulted in an increase in the paid-up share capital of the company, as detailed below:Capital StatusShares (at Rs. 10/-...

Competition Commission Crushes Truck Cartels: Mining Transport Associations Ordered to Cease Price Fixing and Market Control The Competition Commission of India has delivered a landmark verdict against four major truck associations operating in Odisha's mining belt, finding them guilty of anti-competitive practices. The associations were found to have collusively fixed freight rates substantially above the maximum limits prescribed by the State Government. Furthermore, the Commission ruled that the OPs illegally restricted market access by preventing independent transporters from operating near mines.The verdict directly targets the pricing and operational conduct of groups like Bhadrasahi/Guali Truck Association (OP-1), Bonai Truck...

Endurance Technologies Ltd Announces Completion of Tenure for Independent Directors Endurance Technologies Ltd has announced that two of its Independent Directors will cease to be part of the Board following the completion of their second consecutive five-year term. The directors are Mr. Soumendra Basu and Ms. Anjali Seth.The company confirmed that both Mr. Basu, who serves as Chairman, and Ms. Seth, an Independent Director, will complete their tenure effective from close of business hours on June 9, 2026. This completion marks the end of their second term with the company.Endurance Technologies Ltd expressed deep appreciation for the contributions and guidance provided by Mr. Basu and Ms. Seth during their service. The management...

ANTA's Ancat Acquires 29% Stake in PUMA SE; Transaction Receives CCI Green Light The acquisition of a significant stake in PUMA SE by Ancat Holding GmbH, an entity linked to ANTA Sports Products Limited, has been formally approved by the Competition Commission of India (CCI). This move marks a notable development in the international sportswear and athletic footwear market.Regulatory Clearance for Global Sportswear Acquisition Ancat Holding GmbH, which is ultimately wholly owned and controlled by ANTA Sports Products Limited, serves as the acquirer in this transaction. The target company involved in the proposed deal is PUMA SE. The combination was notified to the Hon'ble Commission under Regulation 13(2) of the Competition Commission...

Grovy India Board Approves Capital Hike, Preferential Issue of Equity Shares Ahead of AGM Grovy India Ltd. announced key resolutions passed during its Board of Directors meeting on June 09, 2026. The outcomes included increasing the company's Authorized Share Capital and approving a significant preferential issue to promoter and public categories. Furthermore, the board approved the draft notice for the upcoming Annual General Meeting (AGM).The meeting addressed several strategic operational items, including capital structure changes, fundraising mechanisms, dividend recommendations, and governance appointments.Major Changes in Capital Structure The Board reviewed and approved a significant alteration of the company's authorized...

Quality Power Acquires 100% Stake in Winwin Speciality Insulators, Bolstering High-Voltage Manufacturing Capability Quality Power Electrical Equipments Limited has executed a term sheet to acquire 100% of the equity share capital of Winwin Speciality Insulators Limited (WSIL). The strategic acquisition aims to significantly expand Quality Power's high-voltage product portfolio, strengthening its position in critical energy infrastructure projects across India and globally.The transaction, which is subject to customary due diligence, statutory and regulatory approvals, is expected to be completed within three months. The enterprise value for the proposed acquisition stands at approximately INR 315 Crores.Strategic Manufacturing...

AVG Logistics Limited Closes Rights Issue Period Following Board Approval of Capital Raise AVG Logistics Limited has closed the issue period for its rights issue of equity shares, following the completion of the designated offer timeline. The company had previously approved the terms of the issuance through a meeting of its Board of Directors held on May 15, 2026.The Rights Issue involves fully paid-up equity shares of AVG Logistics Limited, with each share having a face value of ₹10. This issue was intended to raise a maximum amount aggregating up to ₹ 5,293.02 Lakhs.The issuance period commenced on Monday, June 01, 2026, at 10:00 a.m. IST. The company confirmed that the rights issue concluded on Tuesday, June 09, 2026, at 5:00...

Malco Energy Limited changes name to Vedanta Oil and Gas Limited effective June 9, 2026 Malco Energy Limited has officially changed its corporate name to Vedanta Oil and Gas Limited. The change was approved by the Registrar of Companies under the Ministry of Corporate Affairs (MCA), with effect from June 09, 2026.The company, previously known as Malco Energy Limited, is now operating under its new designation, Vedanta Oil and Gas Limited.The name alteration comes following the approval granted by the relevant corporate authorities. The change ensures that the entity's operational identity reflects the updated structure as of the specified date.VEDL Stock Price Movement Today, Vedanta Limited shares edged higher in the market to...

Paisalo Digital Limited Makes Half-Yearly Interest Payment on Foreign Currency Convertible Bonds Paisalo Digital Limited has completed the half-yearly interest payment concerning its outstanding Foreign Currency Convertible Bonds (FCCBs). The payment was made on June 09, 2026.The bonds, which are denominated in foreign currency, represent a principal value of USD 44 million. These FCCBs carry a coupon rate of 7.5%.PAISALO Stock Price Movement Today, shares of Paisalo Digital Limited edged higher to close at ₹60.18, gaining 1.45% and concluding a strong performance for the company. The stock traded amidst robust buying interest, with approximately 18 million shares exchanged as it neared its yearly high levels.

UltraTech Cement Reaches 196.8 MTPA Grey Cement Capacity, Highlights ESG Goals and Market Strength UltraTech Cement Limited, a major force in global building materials, continues to expand its operational scale and strengthen its market presence across India. The company leverages its vast product portfolio—including Grey Cement, White Cement, and Ready Mix Concrete (RMC)—to cater to the complete range of construction needs, underpinning itself as "The Engineer's Choice" in India.With a total grey cement capacity reaching 196.8 Million Tons Per Annum (MTPA), UltraTech boasts a significant nationwide footprint with 465 RMC plants and over 5,568 Building Solutions outlets across 23 states. The company maintains high manufacturing...

Naapbooks Ltd Completes Equity Share Allotment from Warrants; Paid-up Capital Reaches Rs 12.21 Crore Naapbooks Ltd announced that its Board of Directors has approved the allotment of 3,73,314 equity shares following the conversion of warrants into equity shares. The new equity shares hold a face value of Rs. 10/- each and were issued at an issue price of Rs. 61/- per share, including a premium of Rs. 51/-.The allotment process was conducted on a pro-rata basis across various categories of allottees, who had previously held warrants allotted on December 10, 2024. The successful conversion involved two primary groups: the Promoter/Promoter group and Public category allottees.A total of 3,59,675 equity shares were allotted to members...

RBI Mandates SGB Redemption Price as Investors Await Maturity Clarity for Series VII Bonds The Reserve Bank of India (RBI) has released critical details regarding the premature redemption process for Sovereign Gold Bond (SGB) 2019-20 Series VII. This move clarifies the financial mechanism available to investors holding these valuable instruments, providing defined parameters for those wishing to redeem their holdings early. The release sets a clear expectation for the bond's valuation moving forward.SGB Redemption Eligibility and Timeline The premature redemption of SGB is permitted subsequent to a specified period from the bond's original issue date. According to GOI notification F.No.4(7)-B(W&M)/2019 dated September 30, 2019, early...