🇮🇳 India Daybook: NSE Files for Mega IPO; Tata Motors Hikes Prices

📍 IPO WATCH

• National Stock Exchange (NSE): The exchange is expected to file its Draft Red Herring Prospectus (DRHP) with SEBI on June 15-16, 2026. The issue is likely to be an entirely Offer for Sale (OFS) by existing shareholders, including LIC (10.72% stake) and SBI (7.5% stake).

📍 CORPORATE ANNOUNCEMENT

• Tata Motors: The company has announced a price hike of up to 1.5% across its entire passenger vehicle portfolio, including internal combustion engine (ICE) models and electric vehicles (EVs), effective July 1, 2026.
• AstraZeneca Pharma India: The company has officially closed its trading window for equity shares starting June 16, 2026, ahead of its Q1 FY27 financial results.
• Reliance Industries: The conglomerate is gearing up for its 49th Annual General Meeting (AGM) on June 19, 2026, where updates on the Jio IPO and new energy ventures are highly anticipated.

📍 ORDER WIN

• SEPC Ltd: The company has secured a major contract win from the Steel Authority of India (SAIL), boosting its order book in the infrastructure segment.
• Larsen & Toubro (L&T): Shares remain in focus after the company recently secured a series of EPC orders in the Middle East for power substations, valued between ₹1,000 crore and ₹2,500 crore.

📍 ACQUISITION

• Meesho: The e-commerce major has announced the acquisition of "Kirana Club," a platform for neighborhood retailers, to bolster its expansion into the quick commerce and grocery segments.

📍 FUNDRAISING

• Vertoz Ltd: The Board of Directors is scheduled to meet today, June 16, 2026, to consider and approve various fundraising options for the company.

📍 DIVIDEND

• Steel City Securities: Today, June 16, 2026, is the record date for the company's final dividend payout for the financial year 2025-26.
• Ansal Properties & Infrastructure: The board will meet today to consider and approve the final dividend for FY 2024-25 along with its latest financial results.

📍 BROKERAGE CALL

• Reliance Industries: Morgan Stanley has maintained its "Overweight" rating on the stock with a target price of ₹1,803, citing the company as a top pick in the energy and retail space.

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