🇮🇳 India Daybook: Wipro’s ₹15,000Cr Buyback Opens; REC-PFC Merger Gets Green Light

📍 CORPORATE ACTION

• Wipro: The IT major’s ₹15,000 crore share buyback opens today, June 11, 2026, at a price of ₹250 per share. The tender period will remain active until June 17.
• Zomato: Softbank Group Corp is expected to offload its remaining stake worth approximately $135 million via a block deal today, with a floor price set at ₹120.5 per share.

📍 MERGER & ACQUISITION

• REC & PFC: REC has officially received regulatory approval for its mega-merger with Power Finance Corporation (PFC), a move expected to streamline state-led power financing.
• Inox Wind: The company has secured final regulatory clearances for its internal merger, aimed at simplifying its corporate structure.
• Dixon Technologies: The contract manufacturer is set to sign a binding term sheet for a strategic joint venture with Gemtek to expand its networking product portfolio.

📍 REGULATORY & LICENSING

• Concord Biotech: The company has received a significant nod from the USFDA for its manufacturing facility, paving the way for expanded exports to the US market.
• Medplus Health: A subsidiary of the pharmacy chain has faced a drug license suspension for one of its retail stores in Karnataka following a regulatory inspection.
• Zomato (Eternal): The company has disclosed the receipt of a fresh GST demand notice from tax authorities, which it intends to challenge.

📍 BUSINESS UPDATES

• Aurionpro Solutions: The company announced a strategic roadmap for FY27 focusing on modular and edge computing products; it is also currently repricing its core banking software suite.
• Honasa Consumer: The Mamaearth parent reported 30% growth in its focus categories for FY26 and is targeting a 15% EBITDA margin by the end of the next fiscal.
• Optiemus Infracom: The board has approved an increase in the corporate guarantee for its subsidiary, Optiemus Electronics, raising it to ₹60 crore from the previous ₹35.5 crore.
• Reliance Communications: The company has completed the formal dissolution of its foreign step-down subsidiary based in the United Kingdom.

📍 FUNDRAISING

• Ather Energy: The board is scheduled to meet on June 12 to consider a significant fund-raising proposal involving the issuance of equity shares, FCCBs, or warrants.
• IIFL Finance: The company is reportedly in talks for a fresh round of strategic fundraising to bolster its capital adequacy and support loan book growth.

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