Markets

KRN Heat Exchanger and Refrigeration Limited Completes QIB Placement of Equity Shares KRN Heat Exchanger and Refrigeration Limited announced on June 01, 2026, the successful conclusion of its qualified institutions placement (QIP) of equity shares. The outcome was approved by the company’s Fund-Raising Committee (FRC) following a meeting held on June 1, 2026.The FRC meeting commenced at 09:40 p.m. and concluded at 10:00 p.m. During the meeting, the committee approved the closure of the Issue, a development triggered by the successful receipt of application forms and funds from eligible qualified institutional buyers (QIBs) in accordance with the established terms.The board also determined and approved the allocation of a total of...

Hero MotoCorp Sustains Growth Momentum, Dispatches 5.70 Lakh Units in May 2026 Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, reported a strong performance in May 2026. The company dispatched 570,068 units, marking an increase compared to the 507,701 units recorded during the same period last year. Domestic retail momentum also remained robust, with 496,957 VAHAN registrations reported.VIDA and Emerging Mobility Expansion Hero MotoCorp's Emerging Mobility business, VIDA, continued its strong performance, recording 19,052 VAHAN registrations. This marks a 166% retail growth in May 2026 compared to the same period last year.Strategically focused on capturing a new demographic of young riders, the company...

Petrobras Signs FPSO Contract for BM-SEAL-11 Consortium in Brazil Bharat Petroleum Corporation Limited (BPCL) is involved in a major energy development in Brazil following the signing of a contract for a Floating Production Storage and Offloading (FPSO) unit.On May 29, 2026, Petrobras, acting as the Operator of the BM-SEAL-11 Consortium, signed the contract with SBM Offshore. This contract pertains to the SEAP-I Project, which encompasses the development of oil and gas discovered in the BM-SEAL-11 and BM-SEAL-10 Concessions in Brazil.BPCL’s involvement in the project structure is significant. BPCL, through its wholly owned subsidiary BPRL and subsequent subsidiaries, holds a 65.4% stake in IBV Brasil Petroleo LTDA (IBV). IBV, in...

Tega Industries Completes Acquisition of Molycop Group Tega Industries Limited announced the completion of its acquisition of the Molycop group on June 01, 2026. The transaction, which involved a consortium formed by Tega and Apollo Funds, successfully acquired the equity interests of Molycop’s direct and indirect subsidiaries, including joint ventures.The acquisition significantly expands Tega Industries Limited’s presence in the mining and mineral processing sectors. Molycop Group is recognized globally as a leading supplier of grinding media, focusing on manufacturing and sales for semi autogenous grinding (SAG) mills and ball mills. The group possesses a global supply network and a local presence in over 40 countries, including...

NDL Ventures Files Application with NCLT for Merger Scheme NDL Ventures Limited, formerly known as NXTDIGITAL LIMITED, has filed an application before the National Company Law Tribunal (NCLT), Mumbai Bench, concerning a proposed Scheme of Merger. The filing, which took place on June 01, 2026, seeks directions and orders in relation to the merger proceedings.The application was submitted under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.The filing relates to the proposed Scheme of Merger by Absorption of Hinduja Leyland Finance Limited, identified as the Transferor Company, into NDL Ventures Limited, identified as the Transferee Company.The company confirmed that the Scheme remains subject to the...

Poonawalla Fincorp Limited to Redeem NCDs Through Exercise of Call Option Poonawalla Fincorp Limited has announced its intention to redeem a portion of its outstanding debt by exercising a call option on Non-Convertible Subordinated Perpetual Debt (NCDs). The company plans to redeem the NCDs in full on July 3, 2026, along with all accrued interest.The debt concerned, rated as 12.10% Non-Convertible, Subordinated, Perpetual Debt in the nature of Debentures, was issued to the company on a private placement basis. The total principal amount aggregating to Rs. 1,70,00,000/- (Rupees One Crore-Seventy Lacs only) was comprised of 34 Rated, Listed, Unsecured NCDs, with a face value of Rs. 5,00,000/- each. The initial allotment date for the...

Tega Industries Completes Acquisition of Molycop in Collaboration with Apollo Funds KOLKATA / NEW YORK, June 1, 2026: Tega Industries Limited, in consortium with funds managed by affiliates of Apollo (the Apollo Funds), has successfully completed the acquisition of Molycop. The transaction saw Tega acquire the leading global supplier of grinding media for the mining industry from an affiliate of American Industrial Partners (AIP) at an enterprise value of approximately USD 1.5 billion.The acquisition marks a significant milestone for Tega, positioning the combined business as one of the world's foremost designers and manufacturers of 'critical-to-operate' consumables. These products are vital for various stages in the mining, minerals...

KRN Heat Exchanger and Refrigeration Completes Qualified Institutional Placement of Shares KRN Heat Exchanger and Refrigeration Limited announced the successful completion of its Qualified Institutional Placement (QIP) of equity shares. The allotment of shares was approved by the company's Fund-Raising Committee during a meeting held on June 1, 2026.The Company allotted a total of 33,01,886 Equity Shares, each having a face value of ₹10. The shares were issued at a price of ₹1,060.00 per Equity Share, reflecting a premium of ₹1,050.00 per Equity Share. This transaction aggregated to ₹ 34,999.99 lakhs. The QIP period commenced on May 26, 2026, and concluded on June 1, 2026.Impact on Capital Structure The allotment of these shares...

Dolphin Medical Services Launches Open Offer for 26% Stake to Public Shareholders Dolphin Medical Services Ltd has announced a mandatory Open Offer, triggered by the acquisition of a substantial stake, through a transaction governed by Regulation 4 of the SEBI (SAST) Regulations, 2011. The offer aims to acquire equity shares from the company's public shareholders.The Open Offer is being made by Mr. Amarandhar Reddy Kotha (Acquirer 1) and Mr. Mallour Rajesh Kumar (Acquirer 2), collectively referred to as the Acquirers.Offer Details and Consideration The Acquirers propose to acquire up to 39,25,988 fully paid-up Equity Shares of Dolphin Medical Services Limited. These shares represent 26.00% of the Target Company's total Voting...

RBI Directs ₹75,000 Crore Liquidity Injection: What the 3-Day Repo Auction Means for Markets The Reserve Bank of India (RBI) announced plans to conduct a targeted liquidity operation designed to manage current and evolving financial market conditions. In a move signaled through a press release issued on June 1, 2026, the central bank stated its readiness to facilitate market funding through a specific repo auction.This strategic action comes following a review of the prevailing liquidity conditions across the banking sector. The RBI determined that intervention through a Variable Rate Repo (VRR) auction was necessary to maintain smooth market functioning.Key Details of the Variable Rate Repo Auction The central bank confirmed that...

Mangalam Worldwide Plans European Expansion with Proposed Wholly Owned Subsidiary Mangalam Worldwide Limited is planning the incorporation of a Wholly Owned Subsidiary (WOS) or subsidiary in Europe. The new entity is slated for establishment in Belgium, the Netherlands, or another country within the European market.This proposed move forms a key part of the Company's broader strategic growth initiatives. Management stated that the expansion aims to enhance operational efficiencies, strengthen customer outreach, expand international presence, and explore new business opportunities specifically within the European market.The subsidiary will operate activities aligned with Mangalam Worldwide Limited's existing business operations...

Suzlon Energy Ltd Reports Material Price Movement Noticed on June 1, 2026 Suzlon Energy Ltd confirmed on June 1, 2026, that the company noted a Material Price Movement (MPM) in its stock scrip. The movement was observed at 3:05 p.m. on the specified date.The company stated that, following the observation of the MPM, Suzlon Energy Ltd could not ascertain any corresponding event or information in the mainstream media that might have triggered the movement.SUZLON Stock Price Movement Suzlon Energy Limited shares today slipped by 5.69% to close at ₹53.93. The stock traded within a daily range of ₹53.5 to ₹56.9, completing the session with a volume of 153.17 million shares.

One 97 Communications Completes EUR 9 Million Investment in Paytm Europe One 97 Communications Limited announced the completion of a significant investment in Paytm Europe Payments S.A., a wholly owned subsidiary of the company. The transaction involved the company's subsidiary subscribing to equity shares in Paytm Europe.Paytm Cloud Technologies Limited, a wholly owned subsidiary of One 97 Communications Limited, confirmed the investment on June 1, 2026. The subsidiary completed the additional investment by subscribing to 9 million equity shares of Paytm Europe.This transaction involved a total consideration of EUR 9 million (Nine Million Euro). The investment was completed on June 1, 2026, at 03:27 p.m. IST.The details of the...

Somany Ceramics to Amalgamate with Three Entities; NCLT Sets Dates for Shareholder and Creditor Meetings Somany Ceramics Limited has received orders from the National Company Law Tribunal (NCLT) Kolkata Bench pertaining to a Scheme of Amalgamation involving three subsidiary entities. The transaction proposes merging Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited into Somany Ceramics Limited.The NCLT Kolkata Bench, in its orders, structured the amalgamation process and scheduled the mandatory meetings for the Transferee Company and its unsecured creditors.Scheme Details and Corporate Structure The Scheme of Amalgamation involves the transfer of business undertakings from Somany Bathware...

Rajvi Logitrade Ltd Enters New Lease Agreements for Commercial Vehicle Fleet Rajvi Logitrade Ltd announced changes to its commercial vehicle leasing arrangements, executing new agreements effective June 1, 2026, following the cancellation of previous contracts. The company entered into separate agreements for leasing vehicles with two different parties, detailing updated operational costs and fleet sizes.The company first canceled an existing Commercial vehicle lease agreement dated February 12, 2026, involving 33 vehicles with Mr. Bhupendrasinh Dalpatsinh Rana. Concurrently, Rajvi Logitrade Ltd has entered into a new lease agreement with Mr. Bhupendrasinh Dalpatsinh Rana, effective June 1, 2026, for a total of 44 commercial vehicles...

Monarch Surveyors Bags Contract for Track Measurement Services from Southern Railway Monarch Surveyors and Engineering Consultants Limited has secured a Letter of Acceptance for providing project management services to Southern Railway. The contract covers Pre & Post Tamping Track Measurements using a Portable Track Geometry Measurement Trolley System (Gedo Survey) for Design Mode Tamping across all lines in the MSB-VM Section.The total value of the awarded project stands at Rs. 2,02,00,500.24/-.This operational contract involves the company executing measurements and providing services within the railway infrastructure. The work is classified as domestic, with the consideration mechanism being cash. The project aims for completion...

ISGEC Heavy Engineering Ltd Issues Counter Guarantee for Eswatini Subsidiary ISGEC Heavy Engineering Ltd has reported the issuance of a counter guarantee through its bankers to support its wholly owned subsidiary, Isgec Eswatini (Proprietary) Limited, Eswatini. The move follows prior board approval for establishing a facility for various forms of bank guarantees and letters of credit.The Company had previously received approval for the issuance of guarantees, including counter guarantees, standby letters of credit (SBLCs), and bonds, through its bankers. This initial approval set an aggregate limit for the facility not exceeding USD 1.1957 million (approximately Rs. 11.23 crores).Further formalizing this arrangement, ISGEC Heavy...

Destiny Logistics & Infra Shares of Rs. 10 Each Admitted to Dealings on NSE Destiny Logistics & Infra Limited (formerly Destiny Logistic Limited) has confirmed that its further issue of equity shares, stemming from the conversion of warrants on a preferential basis, has been admitted to dealings on the National Stock Exchange of India (NSE). The shares are listed and available for trading starting June 02, 2026.The company has successfully completed the listing process for 10,54,500 fully paid-up equity shares of Rs. 10 each. These shares were issued pursuant to the conversion of warrants on a preferential basis.The newly listed security, identified with the symbol DESTINY, is recorded for 10,54,500 units and carries distinctive...

SVA India Ltd Announces Audited Standalone and Consolidated Financial Results for FY 2025-26 SVA India Limited confirmed that its Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, during a meeting held on June 1, 2026. The company also declared that its Statutory Auditors issued an audit report with an unmodified opinion on the financial results.Standalone Financial Results Overview The audited standalone financial results for the year ended March 31, 2026, reveal key operational figures in lakhs of Indian Rupees (₹).The Standalone Statement of Audited Financial Results (₹ in Lakhs):ParticularsQuarter ended on 31.03.2026 (Audited)Quarter...

Quint Digital Announces Leadership Transition at ListenFirst Media- Quintype Technologies Inc. Quint Digital Ltd has announced a leadership transition affecting its material subsidiary, ListenFirst Media- Quintype Technologies Inc. The changes are set to take effect on June 1, 2026.Ms. Miranda McWeeney will be stepping down from her role as Chief Executive Officer. Following her departure from the CEO position, she will transition to the Company's Advisory Board, where she will continue to provide strategic guidance and support.In the interim, Ms. Rucha Pandit has been appointed as the new Chief Executive Officer. Ms. Pandit currently serves as Vice President - Tech Enabled Services and Partnerships and brings extensive industry...