STOCKS IN NEWS

• Reliance Industries (RIL): India’s largest company by market capitalisation will seek shareholder approval for internal transactions worth over ₹16.64 trillion over the next five financial years involving subsidiaries Jio Platforms and Reliance Jio Infocomm. The proposal will be placed at the company’s 49th AGM scheduled for June 19, 2026.
• Lupin: The pharma major announced that results from its Phase 1a trial of LNP8701, a novel SOS1 inhibitor, have been accepted for presentation at the American Society of Clinical Oncology (ASCO) 2026 Annual Meeting in Chicago, to be held from May 29 to June 2.
• Wipro: The IT services company has expanded its partnership with ServiceNow to deploy and scale agentic AI workflows across key enterprise functions including IT, HR, procurement, and cybersecurity.
• Tata Elxsi: The company launched AnaTel™, an AI-native software development platform for healthcare and MedTech companies, co-developed with OpenAna. The platform will debut at DeviceTalks Boston 2026.
• PhysicsWallah: The edtech company’s audit committee has approved an investment of around ₹120 crore in its wholly owned subsidiary FinZ Finance through a rights issue.
• Escorts Kubota: The agri-machinery maker has launched the upgraded Kubota Neostar compact tractor range in the 21–30 HP segment.
• Swiggy: The company’s proposed amendment to its Articles of Association received 72.36% shareholder approval, falling short of the 75% threshold required for passing a special resolution.
• RITES: RITES has signed an MoU with Crisil to jointly deliver data-driven infrastructure solutions by combining transport engineering expertise with analytics and market intelligence capabilities.
• Wockhardt: The CDSCO has approved the import and marketing of antibiotic Zaynich (Zidebactam/Cefepime) in India for treating complicated urinary tract infections and Gram-negative bacteremia in adult patients.
• Patanjali Foods: The company has received a show-cause notice from the Office of the Assistant Commissioner, Chennai, demanding ₹1,352.9 crore along with a penalty of ₹135.29 crore and applicable interest over alleged GST turnover mismatches for FY23.
• Coal India: The Government of India has exercised the oversubscription option in the Coal India OFS, increasing the total offer size to 12.32 crore shares, equivalent to a 2% stake in the company.

BULK DEALS

• Pine Labs: SBI Mutual Fund acquired an additional 1.3 crore shares (1.14% stake) worth ₹177.79 crore, while Nippon India Mutual Fund purchased 70 lakh shares (0.6% stake) worth ₹94.5 crore. Both deals were executed at ₹135 per share.
• Indoco Remedies: ICICI Prudential Mutual Fund bought 13.58 lakh shares (1.47% stake) in the company for ₹26.88 crore at ₹198 per share.
• Prataap Snacks: Promoter Authum Investment & Infrastructure acquired an additional 1.3 lakh shares (0.54% stake) in Prataap Snacks for ₹14.69 crore at ₹1,123.15 per share, adding to its earlier stake purchase in the previous session.

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