One of the key highlights is Stanley Lifestyles, which is set to make its stock market debut on the BSE and NSE. The company successfully raised ₹1,500 crore through an IPO open from June 21 to June 25, with an issue price set at ₹369 per share. Investors are keenly watching Stanley Lifestyles as it enters the market, anticipating how the shares will perform on their first day of trading.
Reliance Industries also remains in the spotlight, particularly its telecom arm, Reliance Jio Infocomm. Jio announced a range of new unlimited plans set to take effect from July 3. These new tariff plans include options from ₹189 for 2 GB per month to ₹3,599 for a 2.5 GB per day annual plan, all featuring unlimited 5G data for plans offering 2GB/day and above. This move is expected further to bolster Reliance’s strong position in the telecom market and attract more users to its 5G services.
HCL Technologies is anticipated to be active in the market due to a significant block deal expected on Friday. According to a term sheet issued by Citigroup, a seller is set to offload 0.46%, or 1.24 crore shares, worth ₹1,757 crore. The floor price for this block deal is likely to be ₹1,414.9 per share, which is a 2.75% discount to its previous close. This deal is being closely watched as it may impact HCL Tech’s stock performance in the near term.
Promoters of Polycab India, a leading electrical goods company, are likely to sell 30.70 lakh equity shares, representing a 2.04% stake, through block deals on Friday. The price range for these shares is between ₹6,535 and ₹6,985.25, with the deal valued at ₹2,145 crore, reflecting a 6.5% discount from the previous close. This transaction is part of the promoters’ strategy to monetize their holdings and is expected to draw significant attention from investors.
AU Small Finance Bank has received approval from its Board of Directors to raise funds up to ₹5,000 crore through the issuance of equity shares via private placement, qualified institutions placement, or preferential allotment. Additionally, the board approved raising up to ₹6,000 crore through debt instruments in one or more tranches. These moves are aimed at strengthening the bank’s capital base to support future growth.
Samhi Hotels, a recently listed hotel chain, is set to see a sale of a 3% stake by GTI Capital Alpha via block deals. The floor price for these shares is set at ₹187.07 per share, with a base deal size of ₹120 crore and an upsize option of ₹193 crore. This sale is part of GTI Capital Alpha’s exit strategy and is expected to influence the stock’s trading activity.
RBL Bank has also received board approval to raise up to ₹3,500 crore via qualified institutions placement and an additional ₹3,000 crore through the issuance of debt securities in one or more tranches on a private placement basis. This fundraising initiative is aimed at bolstering the bank’s financial position and supporting its growth plans.
Ambuja Cements, part of the Adani Group, has announced a merger with Adani Cementation, a subsidiary of Adani Enterprises. This merger will result in Adani Enterprises receiving 8.7 million shares of Ambuja Cements. The consolidation is expected to bring synergistic benefits and enhance the overall operational efficiency within the group.
Other notable mentions include JSW Infrastructure, which has seen its subsidiary, JSW Port Logistics, agree to acquire a 70.37% shareholding in Navkar Corporation. Additionally, the company has received a letter of acceptance from Southern Railway, Chennai Division, for the construction and operation of the Gati Shakti Multi-Modal Cargo Terminal (GCT) at Arakkonam, Tamil Nadu. These developments are set to expand JSW Infrastructure’s operational capabilities and market reach.
