🇮🇳 India Daybook: NLC India OFS Opens, HCLTech Partners with Google Cloud for AI

📍 OFFER FOR SALE (OFS)

• NLC India: The Government of India has launched an Offer for Sale (OFS) to divest up to a 3% stake (2% base plus a 1% green shoe option) in the company. Bidding for non-retail investors opens today, June 9, with a floor price fixed at ₹303 per share, representing a nearly 10% discount to the previous close.

📍 STRATEGIC PARTNERSHIP

• HCL Technologies: The IT major has collaborated with Google Cloud to launch an "AI Innovation Zone." This initiative is designed to help clients accelerate their generative AI journeys and develop industry-specific solutions.

📍 ORDER WIN

• JNK India: The company has secured a "large" order, the specifics of which are expected to drive investor interest in today's session.
• Rail Vikas Nigam (RVNL): The company remains in focus after securing fresh project orders, continuing its strong momentum in the infrastructure segment.
• DEE Development Engineers: The firm has announced the receipt of new project orders, bolstering its current order book.

📍 BUSINESS UPDATE

• JSW Energy: The company successfully commissioned its Halol Wind Blade Manufacturing Plant in Gujarat. This facility is expected to strengthen its backward integration in the renewable energy sector.
• Titan Company: The jewellery and watchmaker has redeemed Commercial Papers (CPs) worth ₹1,000 crore, reflecting strong liquidity management.
• Goldiam International: The company announced the opening of its 25th retail store for lab-grown diamond jewellery under the brand name "ORIGEM."
• Apollo Micro Systems: Trading for 13,000 newly allotted equity shares, issued following warrant conversions, commences today on both the NSE and BSE.

📍 INVESTMENT

• Avenue Supermarts (DMart): The company has invested ₹149.99 crore in its subsidiary, Avenue E-Commerce Limited (DMart Ready), by subscribing to over 4.32 crore equity shares to support its digital retail expansion.

📍 FUNDRAISING

• Aye Finance: The board has approved the issuance of Non-Convertible Debentures (NCDs) worth $15 million on a private placement basis to fund its growth requirements.

📍 DIVIDEND

• INOX India: Shares will trade ex-dividend today for a final dividend of ₹2 per share.
• Nelco: The stock goes ex-dividend today for its final dividend of ₹1 per share.

📍 IPO & LISTING

• Genxai Analytics IPO: Today marks the final day for subscription for this SME public issue.
• Hexagon Nutrition Limited: The subscription period for its IPO is scheduled to close today.
• Grand Foundry Ltd: The company's rights issue/OTB opens for subscription today, June 9.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News