Overview

• Zee Entertainment approved the issuance of 16.95 crore warrants to promoter entities at ₹132 apiece, aiming to raise ₹2,237 crore and boost promoter holding to 18.4%.
• Biocon launched a qualified institutional placement to raise ₹4,500 crore at a floor price of ₹340.20 per share, with proceeds earmarked for debt reduction.
• NTPC’s board will meet on June 21 to consider issuing up to ₹18,000 crore in bonds or non-convertible debentures to fund project and working capital needs.
• Promoter entity Samayat Services LLP plans to offload roughly 10% of Vishal Mega Mart via block deals at a ₹110 floor price, targeting proceeds near ₹5,000 crore.
• HCL Technologies, Tata Consultancy Services and Mphasis secured multi-year partnerships with E.ON, the e DevelopmeEurope Development Bank and Sixfold to modernize cloud, banking and insurance underwriting platforms, while Hyundai Motor India has begun passenger-vehicle engine production at its Talegaon plant.