India Daybook: June 26, 2026

📍 IPO / DRHP FILING

• Jio Platforms (Reliance Industries): The company has formally filed its Draft Red Herring Prospectus (DRHP) with SEBI for a mega IPO. The issue is expected to be a fresh issue of up to 270 million shares, aiming to raise approximately $4 billion (₹33,000+ crore), making it one of the largest public offerings in Indian history.

📍 ORDER WIN

• Infosys: The IT giant announced two major international partnerships. It has teamed up with US-based healthcare provider Sentara to integrate enterprise AI and secured a Finacle SaaS mandate from Sterling Bank of Asia in the Philippines to drive their next-gen digital transformation.
• Bharat Electronics (BEL): The Navratna defense PSU has secured additional orders worth ₹1,081 crore. The contracts include communication equipment, radars, CBRN protection systems, and avionics, taking its total order book significantly higher for the current fiscal.

📍 CORPORATE GOVERNANCE

• HDFC Bank: Reports indicate the bank has shortlisted three candidates for the position of non-executive Chairman, including a former RBI Deputy Governor. The board is expected to finalize the recommendation by the end of June to resolve months of leadership uncertainty.
• TCS: The board is scheduled to meet on July 9, 2026, to approve Q1 FY27 results and consider an interim dividend. The record date for the dividend has been fixed as July 18, 2026.

📍 ACQUISITION

• SETL (Precision Engineering): The company has acquired a 51% controlling stake in Gscale Energy for ₹190 crore. The acquisition is a strategic move to enter the data center engineering and cooling infrastructure market, targeting ₹250 crore in revenue from this vertical in FY27.

📍 BULK DEALS

• Honasa Consumer (Mamaearth): Sofina Ventures S.A. sold 4.17 million shares of the company via a bulk deal on the NSE.
• Lodha Developers (Macrotech): Fidelity affiliates purchased over 19.8 million shares from promoter entities Hightown Constructions and Homecraft Developers.
• Emcure Pharma: Bain Capital (BC Investments IV) offloaded 1.94 million shares to a group of institutional investors including Goldman Sachs and Morgan Stanley.

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