STOCKS IN FOCUS (24th Jun 2026)

STOCKS IN NEWS

• IRFC: The Government of India will divest up to a 2% stake in IRFC through an Offer for Sale (OFS) on June 24–25, with an additional 1% greenshoe option. The floor price has been fixed at ₹91 per share.
• Honasa Consumer: The company will acquire a 58% stake in nutraceutical firm Fluence Pharma at an enterprise value of ₹135 crore, marking its entry into the fast-growing health and wellness supplements segment.
• PFC: The PSU has raised USD 300 million through a 5-year USD-denominated bond issue, priced at 105 basis points above the 5-year US Treasury, carrying a fixed coupon of 5.32% per annum.
• GTPL Hathway: The company will acquire the cable television business of ACT Group for ₹36.23 crore in cash, strengthening its cable TV footprint.
• Rajesh Exports: The Enforcement Directorate (ED) conducted searches at the company’s Bengaluru and Mumbai premises under FEMA. The company is already under SEBI scrutiny over alleged financial irregularities.
• Tata Power: The Ministry of Power has directed the company’s 4,150 MW Mundra power plant to continue operating at full capacity for another three months, until September.
• Tata Motors PV: The passenger vehicle business plans to invest up to ₹40,000 crore over the next five years, targeting a 20% domestic market share by FY31 through a significant increase in annual volumes.
• Indian Hotels Company: The Tata Group hospitality company has signed a 30-key Tree of Life resort at Chilika Lake, Odisha, marking the brand’s entry into the state.
• Tech Mahindra: The IT major has expanded its partnership with Telefonica Germany to develop a private cloud platform.
• NLC India & IOCL: The two PSUs have formed a joint venture to develop large-scale green energy projects in Tamil Nadu.
• Bajaj Auto: The company disclosed that a ransomware attack affected the systems of Bajaj Auto and its subsidiary Bajaj Auto Technology. Necessary precautionary measures have been initiated to mitigate the impact.
• Swiggy: The company has partnered with Zerodha Fund House to enable delivery partners to invest a portion of their earnings into mutual funds through its rider app.
• Infosys: Infosys has expanded its multi-year partnership with GlobalFoundries to deliver AI-led managed services across the semiconductor company’s enterprise IT operations.
• Rashi Peripherals: The company has signed definitive agreements to acquire a 67% stake in VDA Infosolutions for ₹368.5 crore, subject to customary closing conditions.

BULK & BLOCK DEALS

• Vedanta: Promoter entity Twin Star Holdings sold 6.5 crore shares (1.66% stake) worth ₹1,895.96 crore at ₹291.36 per share.
• Delhivery: Nexus Ventures III sold 43.23 lakh shares (0.57% stake) for ₹207.97 crore at ₹481 per share. With this transaction, Nexus has reduced nearly 1.97% stake during the current quarter.
• Sky Gold and Diamonds: Vikas Navratanmal Ganna and Jinesh Navratanmal Ganna jointly sold a 1.48% stake in the company.
• DP Wires: Amitabh Harivansh Rai Bachchan sold 82,056 shares worth ₹1.64 crore in the company.
• Craftsman Automation: Promoter Srinivasan Ravi sold 5.25 lakh shares (2% stake) for ₹485.62 crore. As of March 2026, he held a 40.15% stake in the company, while the promoter group’s total holding stood at 44.42%.

IRFC Announces Offer for Sale (OFS): 

The Indian Railway Finance Corporation (IRFC) has announced an Offer for Sale (OFS) starting June 24, 2026. Below are the complete transaction details, pricing, and bidding timeline for investors.

📊 Key Offer Details

📅 Bidding Schedule & Timeline

The OFS will take place over a two-day window. Please note the specific allocation days for different investor categories:

Day 1: T-Day (Wednesday, June 24, 2026)

• Eligible Investors: Exclusively for Non-Retail Investors.
• Note: Unallotted non-retail bids can be carried forward to T+1 day, provided the investor explicitly indicates this option during bidding.

Day 2: T+1 Day (Thursday, June 25, 2026)

• Eligible Investors: Designated for Retail Investors and Employees.
• Note: Non-retail investors who chose to carry forward their unallotted bids from Day 1 can also modify or revise their bids on this day.

Investor Note: Retail allocation typically opens on the second day of an OFS. Ensure your trading account has sufficient margins before placing bids.

CORPORATE ACTIONS:

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