Stocks to watch: The stock market may show action in shares of several companies on Thursday (5 June 2025). These include HAL to PowerGrid and YES Bank to Vedanta. If a company has taken regulatory action, some have made a big funding plan.
PowerGrid, a government -owned company, has acquired Mel Power Transmission LTD (MPTL). The deal was done for ₹ 8.53 crore, including 10,000 equity shares as well as MPTL properties and liabilities. The final cost will be adjusted on the basis of audited financial results of MPTL.
Hindustan Aeronautics Limited (HAL) has dismissed the reports of GE414 engine to come to a standstill with GE about local production. HAL has described media reports as “non-intelligent and misleading”. The report claimed that HAL is now looking for other engine options for the LCA MK2 program.
Government Maha-Ratna Company Rec has obtained approval from its board to raise funds through private placements through bonds/debentures up to ₹ 1.55 lakh crore. This process will be completed in many installments and will require the approval of shareholders in the AGM.
INDOSOLAR LTD promoter Waare Energies will sell 4,76,495 shares (1.15% stake) on 5 and 6 June 2025 at the company on 5 and 6 June 2025. This step has been taken to meet the minimum public shareholding criteria. On 5 June, the offs will be opened for non-retail investors, while retail investors will be able to bid on 6 June.
Gland Pharma’s subsidiary company CEnexi has received a final inspection report from French drug regulatory organization Ansm, which has made 11 comments regarding violation of GMP rules. This inspection was performed in the company’s Fontenay Manufacturing Facility.
YES Bank reported that Carlyle Group’s Mauritius based Special Purpose Vehicle CA Basque Investments have sold their 2.62% stake in the bank. With this, their stake has now come down to 4.22% and that board has come below the minimum limit required for nomination.
Vedanta has increased its renewable energy capacity to 1.03 GW. The company is working on a target of achieving 2.5 GW green energy capacity by 2030, so that it can achieve the target of Net Zero Emission 2050 or before.
Diamond Power Infrastructure
Promoter companies will sell the Diamond Power Infrastructure Ltd in Monarch Infraraparks Pvt Ltd and GSEC Ltd to sell their total 5.98% stake in LTD. The offer for sale (offs) includes a base issue of 2.1 million shares and an over-seminal option of 1.05 crore shares, causing a total offer of 3.15 crore shares.
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