🇮🇳 India Daybook: Omaxe Plans ₹62 Bn Expansion, Strides Pharma Divests Stake

📍 STRATEGIC MOVE

• Omaxe: The company has announced a major entry into the hospitality sector, planning an investment of ₹62 billion to develop 19 hotels across five states. The expansion will cover nearly 5 million sq. ft., with a primary focus on religious and commercial hubs in Uttar Pradesh, including Ayodhya, Lucknow, and Prayagraj.
• Strides Pharma: The pharmaceutical major is in the spotlight following the announcement of a strategic stake divestment deal aimed at portfolio optimization.
• Godrej Industries: The company is strengthening its subsidiary, Godrej Investment & Ventures Ltd (GIVL), with a fresh round of funding to support its operations as a core investment company.

📍 M&A / RESTRUCTURING

• PFC & REC: Both state-run power finance entities are under observation following board meeting outcomes related to a potential amalgamation or merger process initiated to streamline power sector lending.

📍 IPO & LISTING

• Atharva Poly-Plast Limited: The company’s Initial Public Offering (IPO) opens for subscription today with a price band of ₹55 - ₹60.
• Sampark India Logistics Limited: The logistics firm launches its IPO today, seeking to raise capital within a price band of ₹80 - ₹84.
• Crazy Snacks Limited: Today marks the final opportunity for investors to subscribe to the company's IPO as the issue closes this evening.

📍 CORPORATE EVENTS

• Aeromart Hyderabad 2026: This premier three-day international aerospace and defence convention begins today. The event features major global players like Boeing, Airbus, Lockheed Martin, and GE Aerospace, focusing on Indian manufacturing partnerships.
• Cyient Ltd: The company’s Open to Buy (OTB) period is scheduled to conclude today, June 30.
• Sharp India: The OTB window for the company also reaches its deadline today.

📍 GLOBAL CUES

• US Markets: The Dow Jones Industrial Average surged past the 52,000 mark for the first time on Monday after the US and Iran agreed to pause hostilities, sparking a massive relief rally in tech stocks.
• Crude Oil: Brent crude futures have retreated below the $75 per barrel psychological level, currently trading near $72.59, which is expected to support Indian OMCs and paint stocks.

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

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