Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, acquisitions, and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Stocks to watch
Promoter Imperial Chemical Industries is likely to sell up to a 9% stake in Akzo Nobel India via a block deal, with the offer size estimated at Rs 1,290.6 crore and a floor price of Rs 3,150 per share, reports CNBC-TV18, quoting sources.
The company’s subsidiary, Kaynes Semicon, announced two strategic partnerships with global technology leaders—AOI Electronics Co (Japan) and Mitsui & Co (Japan)—to strengthen its upcoming semiconductor manufacturing operations in India.
The company has received an order worth Rs 888.38 crore from Bihar State Tourism Development Corporation. The order involves construction and overall development work of Shri Ram Janmabhoomi Tirtha Kshetra, Ayodhya, at Punauradham, Bihar, on an EPC mode.
The company has executed an Investment Agreement, a Shareholders Agreement (SHA), a Music Rights Agreement (MRA), and other transaction-related documents with Bhansali Productions, acquiring 9,960 compulsory convertible preference shares (CCPS) in Bhansali Productions for Rs 325 crore.
The board also approved the terms of conversion of such CCPS and the further acquisition of additional equity securities of Bhansali Productions in multiple tranches.
The company may acquire up to a 51% stake in Bhansali Productions by March 2030.
NSE Academy, a subsidiary of the National Stock Exchange of India, has partnered with HCLTech to deliver a series of joint certificate programs in technology and finance. These programs aim to equip students and professionals with future-ready skills for the evolving digital economy landscape in banking, insurance, financial markets, and fintech across India and the Middle East and South Asia (MESA) region.
The company has received an order worth Rs 332.99 crore from IIT Mandi for Project Management Consultancy services, and another order worth Rs 12.05 crore from Kandla SEZ for day-to-day annual maintenance work.
The company’s subsidiary, Glenmark Specialty S.A. (GSSA), has entered into an exclusive license, collaboration, and distribution agreement with Jiangsu Hansoh Pharmaceutical Group Co (Hansoh Pharma) for Aumolertinib, a third-generation Epidermal Growth Factor Receptor Tyrosine Kinase Inhibitor (EGFR-TKI) for the treatment of non-small cell lung cancer (NSCLC).
Hansoh Pharma will receive an upfront payment in the low double-digit million US dollars, followed by potential regulatory and commercial milestone payments possibly cumulatively exceeding $1 billion, in addition to tiered royalties on net sales in the licensed territories.
The government will sell up to 38.51 crore equity shares of the bank (equivalent to 2% of the paid-up equity as the base offer size) on December 17–18, with an option to additionally sell 19.25 crore shares (1% stake), through a separate designated window of the BSE and NSE. The floor price has been fixed at Rs 34 per share.
The board has approved the appointment of Haribabu Bodepudi as Managing Director and Group Chief Executive Officer of the company for a period of two consecutive years, effective December 16. It also approved the change in designation of Rajaram Narayanan to Whole-time Director, designated as Chief Executive Officer – Animal Health, for the remaining period of his existing tenure, effective December 16.
The board also approved the appointment of Ramakant Singani as Chief Financial Officer, effective January 1, 2026, following the resignation of Saurav Bhala as CFO.
Shareholders have approved the redesignation and appointment of Ashok Kajaria as Chairman, Chetan Kajaria as Vice Chairman, and Rishi Kajaria as Managing Director of the company.
Bulk Deals
Founder and promoter Bhavish Aggarwal sold 2.62 crore equity shares (equivalent to 0.59% of paid-up equity) in Ola Electric Mobility, the pure electric two-wheeler maker, for Rs 91.87 crore at Rs 34.99 per share.
Bhavish Aggarwal informed exchanges that he has undertaken a one-time, limited monetisation of a small portion of his personal stake to fully repay a promoter-level loan amounting to Rs 260 crore. “With this, all of the previously pledged 3.93% shares will be released, removing a critical overhang,” he said.
SBI Mutual Fund has acquired 6.6 lakh shares (1.43% stake) in the cloth manufacturing company for Rs 105.68 crore at Rs 1,599.99 per share. Meanwhile, promoter Deepak Kumar Seth sold 6.25 lakh shares (1.35% stake) for Rs 100 crore at Rs 1,600.04 per share.
Non-institutional investor B Sumanthkumar Reddy bought 19.09 lakh shares (0.5% stake) in Karnataka Bank for Rs 38.29 crore at Rs 200.52 per share. Meanwhile, Gardens R R sold the same number of shares for Rs 38.28 crore at Rs 200.48 per share.
Block Deals
US-based Massachusetts Institute of Technology – FDI exited SBFC Finance, the non-banking finance company, by selling all 1.36 crore equity shares (equivalent to 1.25% of paid-up equity) for Rs 143.37 crore at Rs 105.14 per share.
Massachusetts Institute of Technology Basic Retirement Plan Trust also sold 13.86 lakh shares (0.12% stake) for Rs 14.57 crore, and 238 Plan Associates LLC sold 3.41 lakh shares (0.03% stake) for Rs 3.59 crore at the same price.
However, Tata AIA Life Insurance acquired 82.31 lakh shares (0.75% stake) for Rs 86.54 crore, and Aranda Investments (owned by global investor Temasek Holdings) picked up 71.33 lakh shares (0.65% stake) for Rs 75 crore at the same price.
Mainboard Listing
Nephrocare Health Services
Park Medi World
SME Listing
Unisem Agritech
Shipwaves Online
Stock Trades Ex-Date for Buyback
eClerx Services
Stock Trades Ex-Date for Rights
Krishival Foods
Stock Trades Ex-Date for Bonus
Sylph Technologies
Stock in F&O ban
Bandhan Bank
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