📍 ORDER WIN

• Bharat Electronics (BEL): The defense major has secured additional orders worth ₹1,011 crore for advanced technology systems, including radar warning systems, fire control systems, and communication equipment.
• Prostarm Info Systems: Declared the L-1 bidder for a contract valued at ₹90.44 crore by the West Bengal Medical Services Corporation (WBMSC) for the installation of UPS systems across 3,000 sub-centers.

📍 CAPITAL RAISE

• State Bank of India (SBI): The country's largest lender has successfully raised ₹6,051 crore through the issuance of Tier-2 bonds to bolster its capital adequacy ratio.

📍 M&A / RESTRUCTURING

• Tata Steel: The board has officially approved the merger of its subsidiary, Neelachal Ispat Nigam Limited (NINL), with the parent company to streamline operations.
• Adani Enterprises: Received a major boost after winning NCLT approval for its bid to acquire assets of Jaiprakash Associates.
• Varun Beverages: Announced the strategic acquisition of Crickley Dairy to further diversify its presence in the FMCG and dairy segment.

📍 STAKE SALE / OFS

• Andhra Cements: Retail investors can bid today for the Offer for Sale (OFS) initiated by parent Sagar Cements. The floor price for the 7.24% stake sale is set at ₹52 per share.
• Eastern Silk Industries: Promoter Baumann Dekor Private Limited is offloading a 5% stake via an OFS starting today, with a floor price of ₹63 per share.

📍 CORPORATE ACTION

• Banco Products (India): Shares turn ex-dividend today for an interim dividend of ₹8 per share.
• Mishra Dhatu Nigam (Midhani): Shares turn ex-dividend today for an interim dividend of ₹0.85 per share.

📍 PARTNERSHIP / PRODUCT LAUNCH

• Tata Consultancy Services (TCS): Launched 'Rapid Outcome AI', a specialized enterprise platform developed in collaboration with NVIDIA to accelerate generative AI deployment for industries.
• Wipro: Entered into a partnership with Harness to integrate AI-driven software delivery solutions into its service offerings.
• Zydus Lifesciences & Lupin: Both pharmaceutical giants are in focus as they expand their collaborative efforts to improve the accessibility of diabetes medications in India.

📍 IPO WATCH

• Innovision Ltd: The basis of allotment for the ₹323 crore IPO is scheduled to be finalized today, following a subscription window that saw significant interest from institutional buyers.

📍 ASSET SALE

• Punjab National Bank (PNB): The bank is moving forward with the sale of non-performing assets (NPA) linked to Rolta India as part of its ongoing recovery efforts.

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

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