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๐Ÿ‡ฎ๐Ÿ‡ณ India Daybook: Tata Steel's Strategic Moves, Adani Enterprises' Oversubscribed Rights Issue Drive Market Buzz

Published: 2025-12-11 07:15 IST | Category: Markets | Author: Abhi

The Indian stock market is expected to open on a strong note today, Thursday, December 11, 2025, tracking positive global cues following the US Federal Reserve's third consecutive interest rate reduction of 0.25 basis points. This move lowered the key rate to approximately 3.6%, its lowest in nearly three years. The Gift Nifty indicates a robust start for the Indian benchmark index. This comes after the Indian market experienced a losing streak for three consecutive sessions, weighed down by mixed global cues and anticipation of the Fed's policy decision. Foreign Institutional Investors (FIIs) remained net sellers on December 9 and 10, while Domestic Institutional Investors (DIIs) bought equities.

๐Ÿ“ ACQUISITION & EXPANSION

  • Tata Steel: The board has approved the acquisition of a 50% stake in Thriveni Pellets for โ‚น636 crore. The company also signed a Memorandum of Understanding (MoU) with Lloyd Metals & Energy to explore opportunities in iron-ore mining and logistics. Tata Steel is reportedly doubling down on its India strategy with the NINL expansion and a push in Maharashtra.

  • Lloyds Metals: The company's arm is set to acquire a 50% stake in Nexus Holdco FZCO for $55 million.

๐Ÿ“ CAPITAL RAISING

  • Adani Enterprises: The company's โ‚น25,000 crore rights issue witnessed significant demand, with a 108% oversubscription overall and the public portion oversubscribed by 130%.

  • Petronet LNG: The company has signed a pact to secure a rupee term loan of โ‚น12,000 crore from a consortium led by SBI and Bank of Baroda.

๐Ÿ“ ORDER WIN & NEW PROJECTS

  • Ashoka Buildcon: A joint venture involving Ashoka Buildcon has received a Letter of Acceptance valued at โ‚น1,816 crore from the Brihanmumbai Municipal Corporation (BMC) for the Mithi River Development & Pollution Control Project.

๐Ÿ“ REGULATORY & LISTING

  • LIC: The Life Insurance Corporation of India has received a GST demand order of โ‚น2,370 crore from the Mumbai tax authority.

  • Modi Naturals Limited: The equity shares of Modi Naturals Limited will be listed and admitted to dealings on the National Stock Exchange (NSE) with effect from December 11, 2025, under the symbol "MODINATUR".

๐Ÿ“ STRATEGIC PARTNERSHIPS

  • DCM Shriram: The company has signed an MoU with Bayer Crop Science to explore opportunities within India's agriculture ecosystem, focusing on agri innovation, sustainability, and farmer-centric solutions. December 19 has been fixed as the record date to ascertain eligible shareholders.

  • Indian Oil Corporation Limited (IOCL): IOCL has signed an MoU with the Delhi government as part of its corporate social responsibility (CSR) initiatives. This includes providing MRI and CT scan machines to Lok Nayak Hospital and a high-energy linear accelerator to the Delhi State Cancer Institute.

๐Ÿ“ MARKET WIDE POSITION LIMIT (MWPL)

  • Bandhan Bank & Sammaan Capital: Both companies have been placed under the Futures & Options (F&O) trading ban by the National Stock Exchange (NSE) ahead of the Sensex weekly expiry on December 11. This ban was imposed as their securities crossed 95% of the market-wide position limit. While F&O trading is restricted, these stocks remain available for trading in the cash segment.

๐Ÿ“ IPO MARKET

  • The initial public offering (IPO) market is active today, with two IPOs, Nephrocare Health Services and Park Medi World, entering their second day of bidding. Additionally, the allotment for the IPOs of Wakefit Innovations and Corona Remedies will be finalized today.

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

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

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