News Highly Sensitive to Stock Price 

Biocon – Biocon launched a qualified institutions placement (QIP) to raise Rs 4,500 crore. As part of the offering, the firm will issue up to 139 million new shares or ~11.6 per cent of its current outstanding equity base. The floor price for the QIP has been set at Rs 340.2 per share.  

Tanla Platforms – Tanla Platforms Ltd announced a share buyback proposal worth up to Rs 175 crore. The company plans to repurchase up to 20 lakh equity shares, representing approximately 1.49% of its total equity capital, at a price of Rs 875 per share through the tender offer route. The Board has noted the intention of the promoters and members of the promoter group of the Company of not participating in the proposed Buyback. 

Vishal Mega Mart – Samayat Services LLP, the promoter entity of supermarket chain Vishal Mega Mart Ltd, is likely to offload a 10% equity stake in the company through block deals. The deal size is pegged at Rs 5,057 crore, with the floor price set at Rs 110 per share. 

TCS – Tata Consultancy Services (TCS) has entered a long-term, strategic partnership with Salling Group to drive sustainability, technology innovations and improve organizational efficiency. The collaboration will cover Salling Group’s 2,100 stores, brands and 68,000 employees across Denmark, Poland, Germany, Estonia, Lithuania and Latvia including BR, a nationwide toy store chain, franchise quick-service restaurants Carl’s Jr. and Starbucks, and grocers føtex, Bilka, Netto and RIMI Baltic. 

HCL Tech – HCL Tech announced a strategic partnership with E.ON, one of Europe’s largest energy companies with a distribution network of 1.6 million kilometers and around 47 million customers. This makes HCL Tech a key partner for the continuous cloud journey of E.ON. 

Mphasis – Mphasis announced a strategic partnership with Sixfold, the US and UK-based AI underwriting company redefining how insurers assess risk. As an implementation partner, Mphasis will integrate Sixfold’s AI platform to help insurers accelerate their underwriting processspeeding up submission intake and equipping underwriters with the contextual risk insights they need to make faster, more confident decisions. 

Zee Entertainment – Zee has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities at Rs 132 per warrant, totaling an infusion of Rs 2,237.4 crore. 

Macrotech Developers – Macrotech Developers Limited has officially rebranded itself as Lodha Developers Limited with effect from June 16, 2025, following approval from the Ministry of Corporate Affairs (MCA).  

Hyundai Motor – Hyundai Motor India Limited (HMIL) announced the commencement of passenger vehicle engine production at its manufacturing facility in Talegaon, Maharashtra.  

Godrej Properties – Godrej Properties Ltd. announced that it will develop ~16-acre land parcel in Upper Kharadi, Pune. The development on this land will primarily comprise premium group housing and high-street retail. The project will have a developable potential of ~2.5 million square feet with an estimated revenue potential of ~Rs 3,100 crore. This is the company’s second land acquisition this month in the Kharadi–Wagholi belt, taking the estimated cumulative revenue potential from the two developments to approximately Rs 7,300 crore. 

InterGlobe Enterprises – Promoters of IndiGo, in a statement denied news reports that it is planning to sell up to 4 percent stake in the airline to raise nearly $1 billion (Rs 8,600 crore) through block deals. 

Ethos Ltd – Ethos acquired 300 equity shares of AED 1000 each of FICUS TRADING LLC, subsidiary of the Company as initial paid-up capital towards subscription of MOA, to expand the Company’s presence in international markets, particularly in the Middle East region.  

ICICI Bank – The Reserve Bank of India has approved a two-year extension for Mr. Sandeep Batra as Executive Director of ICICI Bank, effective from December 23, 2025, to December 22, 2027. This reappointment, covering his responsibilities for Corporate Centre and various key functions, is subject to shareholder approval.  

State Bank of India – The bank’s shareholders approved raising funds in the current fiscal. The board proposed to raise US$ 3 billion. 

Zydus Lifesciences – Board has approved the appointment of Ms. Swati Dalal, as the Additional Director and the Managing Director of Zydus Healthcare (ZHL) with effect from June 16, 2025 for a period of five years. At Abbott, she held various responsibilities, spanning commercial & support functions including as Commercial Director Sales & Marketing, leading support functions of NPI, Business Development & Commercial Excellence and later as Managing Director of Abbott Nutrition & Abbott Primary Care. Her last role at Abbott was Managing Director of Abbott India Ltd. 

Lupin Ltd. – Lupin Limited announced that it has signed a license and supply agreement with Sino Universal Pharmaceuticals (SUP), for the commercialization of Tiotropium Dry Powder Inhaler (DPI), 18 mcg/capsule, in the Chinese market, for the treatment of chronic obstructive pulmonary disease (COPD). As per the agreement, SUP will obtain regulatory approvals for selling Tiotropium DPI in China, while Lupin will be the marketing authorization holder and responsible for manufacturing of the product. Tiotropium DPI is known for its efficacy in improving lung function and quality of life for patients suffering from respiratory conditions. 

Hikal Ltd. – Company has successfully passed the Brazilian Health Regulatory Agency’s (ANVISA) GMP audit for its manufacturing unit at Jigani in Bengaluru, Karnataka. The inspection, carried out by ANVISA, Brazil GMP (Good Manufacturing Practices), was for multiple API’s which occurred from April 14th to April 18th, 2025. 

AxisCades Tech – Indra, a European-based global leader in defense, aerospace, and strategic systems, and AXISCADES announced a strategic alliance. Indra is keen to acquire defense-related products and services from AXISCADES, which will be delivered through AXISCADES’ comprehensive design, development, production, and supply chain center. Both companies are actively exploring joint product development for the Indian and global markets, potentially adapting existing Indra products or creating new ones specifically tailored to meet customer needs.  

Source: HDFC Securities Prime Daily 

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