Overview

• Yes Bank shares fell more than 9% after clarifying it had no knowledge of SMBC’s reported plans to acquire a controlling stake
• Ola Electric shares declined over 6% following a 3.23% equity block deal valued at ₹731 crore, compounding its widened Q4 net loss
• Union Bank of India shares rose over 2% after reporting a 50% year-on-year jump in Q4 net profit to ₹4,985 crore
• National Stock Exchange’s proposed IPO remains stalled pending SEBI approval despite recent positive remarks from the regulator and unlisted shares trading above ₹2,400
• Texmaco Rail & Engineering secured a ₹122.31 crore order from Mumbai Railway Vikas Corporation to design and supply traction transformers