Stocks to Watch: Biocon, NTPC, Zee Entertainment, Tanla Platforms and more

1 / 14Biocon | The firm launched its Qualified Institutional Placement (QIP) issue to raise ₹4,500 crore, with the floor price set at ₹340.20 per share. The company may offer up to a 5% discount on this floor price while finalising the issue price in consultation with book-running lead managers. According to sources, the indicative price for the block deal is ₹323.20 per share, reflecting a discount of up to 9.53% to the current market price.2 / 14NTPC | State-run power major will consider raising up to ₹18,000 crore through the issuance of bonds at its upcoming board meeting scheduled for June 21, 2025, the company informed stock exchanges on Monday. The proposal includes secured or unsecured, taxable or tax-free, redeemable, non-convertible debentures (NCDs), subject to shareholder approval.3 / 14Zee Entertainment | The company has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities at ₹132 per warrant, totalling an infusion of ₹2,237.4 crore. The preferential issue, which awaits shareholder approval, will raise the promoters’ stake in the company to 18.39%. The warrant price is above the SEBI-prescribed floor of ₹128.58, with promoters voluntarily paying a ₹3.42 premium per unit.4 / 14Tanla Platforms | The company announced that its board of directors has approved a share buyback proposal worth up to ₹175 crore. The company plans to repurchase up to 20 lakh fully paid-up equity shares, representing approximately 1.49% of its total equity capital, at a price of ₹875 per share through the tender offer route.5 / 14Vishal Mega Mart | Samayat Services LLP, the promoter entity of supermarket chain Vishal Mega Mart Ltd, is likely to offload a 10% equity stake in the company through block deals, according to sources familiar with the matter.6 / 14Macrotech Developers | The company said it has officially rebranded itself as Lodha Developers Limited with effect from June 16, 2025, following approval from the Ministry of Corporate Affairs (MCA). The rebranding follows a period of legal and familial dispute over the use of the ‘Lodha’ brand name.7 / 14IIFL Finance | Mumbai-based non-banking financial company has appointed B. P. Kanungo, former deputy governor of the Reserve Bank of India, to its board as an independent director, the company announced today on June 16. The retail-focused NBFC offering recently announced that it would raise up to ₹600 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis.8 / 14Hyundai Motor | The company announced the commencement of passenger vehicle engine production at its manufacturing facility in Talegaon, Maharashtra. Located in the Talegaon Industrial Area near Pune, the plant is now operational for engine manufacturing, with full-scale passenger vehicle production expected to follow. Hyundai stated that a separate intimation will be made once vehicle assembly begins at the site.9 / 14TCS | India’s largest IT services firm said it has partnered with the Council of Europe Development Bank (CEB) to implement an AI-powered reconciliation solution aimed at modernising the bank’s operations. As part of this collaboration, TCS will deploy TCS BaNCSTM for Reconciliations to help the bank streamline complex transactions and automate key reconciliation processes using AI and automation.10 / 14ONGC | Energy major said it has deployed the “most experienced” Crisis Management Team (CMT) to control the leakage of gas, which continued for the fifth day after a blowout at a crude oil well in Assam’s Sivasagar district. The district administration said that air pollution is still within the acceptable limit, and the local office of the Pollution Control Board, Assam (PCBA), is closely monitoring the situation.11 / 14ICICI Bank | Private sector lender announced that it has received approval from the Reserve Bank of India (RBI) for the reappointment of Sandeep Batra as executive director. The RBI has approved the reappointment for a two-year term, effective December 23, 2025, to December 22, 2027.(Photo Credit : REUTERS/Dado Ruvic/Illustration)12 / 14Asian Paints | ICICI Prudential Mutual Fund has acquired 85 lakh equity shares of Asian Paints in a block deal valued at ₹1,876 crore. The purchase represents approximately 0.9% of the company’s total equity. The shares were bought at an average price of ₹2,207 apiece. On the sell side, Siddhant Commercial Pvt Ltd offloaded an equivalent stake of 85 lakh shares in the transaction.13 / 14Jindal Steel and Power | The company announced that its board of directors has approved a proposal to change the company’s name to Jindal Steel Limited, subject to necessary approvals from shareholders and statutory authorities. The rebranding move is aimed at aligning the company’s identity more closely with its core business focus on steel manufacturing. As part of the proposal, consequential amendments will be made to the company’s Memorandum of Association and Articles of Association.14 / 14Sona Comstar | The company has said its board will meet in due course to elect a new chairman following the sudden demise of Sunjay Kapur, who led the company as chairman and non-executive director. The Gurugram-based auto components firm emphasised that there will be no change in management, and day-to-day operations will continue under the leadership of Managing Director and CEO Vivek Vikram Singh, who has helmed the company since 2019.

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