Market Comm
Market Comm
June 10, 2025 at 03:30 AM
STOCK UPDATES 📅 Date: 10-June-2025 📍 NEW PROJECTS / EXPANSIONS *AAYUSH WELLNESS*: To set up wholly owned subsidiary in Singapore for ASEAN expansion; initial investment SGD 10,000. *JUPITER WAGONS*: Jupiter Electric Mobility opens 1st e-LCV showroom in Bengaluru; launches 1.05-ton JEM TEZ, begins pan-India rollout. Pithampur plant operational; ties with Porter, Pulse Energy for EV ecosystem. *TATA POWER*: TP Solar crosses 4 GW solar module milestone at Tamil Nadu unit; targets 3.7 GW cell & 3.725 GW module output in FY26. --- 📍 STAKE CHANGES / SHARE TRANSACTIONS *APOLLO PIPES*: Raises stake in Kisan Mouldings from 57.59% to 58.60% via ₹4.95 Cr secondary equity purchase. *NYKAA*: Hikes stake in Earth Rhythm to 75.83% with ₹5 Cr second tranche on June 9; strengthens clean beauty portfolio. *MAHINDRA*: Raises stake in MMFSL to 52.49% via ₹1,652 Cr rights issue allotment at ₹194/share. *WIPRO*: Azim Premji Trust sells 20.23 Cr shares worth ₹5,057 Cr via block deal. Buyers: Hasham & Prazim Traders (Premji family arms). --- 📍 FUNDRAISING / QIP *CAPRI GLOBAL*: Launches QIP at ₹153.93 floor price; plans to raise up to ₹2,000 Cr incl. ₹500 Cr upsize option. Indicative price ₹146.5/share. --- 📍 REGULATORY / LEGAL / TAX *NUVOCO VISTAS*: Gets ₹16.66 Cr entry tax demand from Chhattisgarh for FY03–06; to challenge as arbitrary & outdated. --- 📍 M\&A / STRUCTURAL CHANGES *WPIL*: Completes 55% acquisition of South Africa’s PCI Africa via WPIL SA; expands in African water infra market. *ANTONY WASTE*: NCLT approves merger of 100% subsidiary AG Enviro; no share dilution, structure simplification. --- 📍 LEADERSHIP CHANGES *OBEROI REALTY*: CEO – Commercial Real Estate resigns effective June 9. *ACME SOLAR*: Group CHRO Ravi Parmeshwar resigns; Gopalji Mehrotra appointed effective June 9. --- 📍 BANKING / LICENSING *JANA SMALL FINANCE BANK*: Applies to RBI for universal bank license on June 9, 2025; aligns with RBI guidelines. --- 📍 BOARD MEETINGS / CORPORATE ACTIONS *ORCHID PHARMA*: Sets June 19 record date for shareholder vote on Dhanuka Labs merger; vote scheduled June 26. *QUESS CORP*: Demerged units Digitide & Bluspring to list on June 11; part of strategic restructuring. --- 📍 DEFENCE / GOVERNMENT ORDERS *BEL & BDL*: Indian Army to receive ₹30,000 Cr QRSAM air defence missile systems under revised acquisition plan.

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