Indian markets are buzzing with corporate actions as several prominent companies find themselves in the spotlight ahead of Tuesday's trading session on June 2, 2026. From strategic acquisitions to public offerings and government divestments, these developments are set to influence investor sentiment across various sectors.
Key Company Updates
Alkem Laboratories
Reports indicate that the Samprada and Nanhamati Family Trust plan to offload up to a 1.5 percent stake in the pharmaceutical major, Alkem Laboratories, through a block deal. Valued at approximately Rs 956 crore, the transaction's floor price is reportedly set at Rs 5,200 per share, as suggested by media sources.
Wipro
IT services giant Wipro, via its step-down subsidiary Wipro IT Services, is poised to increase its holding in Aggne Global Inc. The company will acquire an additional 20 percent stake, with the transaction expected to conclude by June 5. This follows Wipro and Wipro IT Services' initial acquisition of a 60 percent stake in Aggne Global IT Services and Aggne Global Inc in February 2024.
Ola Electric Mobility
The electric two-wheeler manufacturer, Ola Electric Mobility, has initiated its qualified institutional placement (QIP) on June 1. The floor price for the QIP has been established at Rs 37.74 per share, aiming to raise fresh capital from institutional investors.
NMDC
State-owned iron ore producer NMDC announced its provisional production and sales figures for May 2026. Iron ore production saw a significant year-on-year increase of 19.9 percent, reaching 5.31 million tonnes (MT) compared to 4.43 MT in May 2025. However, sales experienced a decline of 6.9 percent year-on-year, standing at 4.04 MT from 4.34 MT.
PNC Infratech
Infrastructure and EPC solutions provider PNC Infratech has secured a Letter of Acceptance (LoA) valued at Rs 194.4 crore from the Lucknow Development Authority in Uttar Pradesh. The contract involves the engineering, procurement, and construction (EPC) of a four-lane flyover, complete with two loops and two ramps, situated at the Shaheed Path intersection on the right bank of the Gomti River in Lucknow.
NHPC
The Indian government is set to divest up to a 6 percent stake in the hydropower generation company, NHPC, through an Offer for Sale (OFS). This includes a greenshoe option of 3 percent. The floor price for the OFS has been fixed at Rs 71 per share. The offer opens for non-retail investors on June 2 and for retail investors on June 3.
Anant Raj
Real estate developer Anant Raj is establishing a collaborative framework with several Haryana government entities. These include the Department of Information Technology, Electronics & Communication, Haryana State Electronics Development Corporation, Citizen Resource Information Department, and the Department of Industries and Commerce, Government of Haryana, to foster cooperation and agreements.
Acme Solar Holdings
Renewable energy solutions firm Acme Solar Holdings has launched a qualified institutional placement (QIP) to raise up to Rs 2,800 crore in fresh capital. The issue comprises a base size of Rs 2,600 crore and a green shoe option of Rs 200 crore. The indicative issue price is set at Rs 279.50 per share, representing a 9 percent discount to its previous closing price.
Other Notable Mentions
- Equitas Small Finance Bank: The Reserve Bank of India (RBI) has approved Mirae Asset Mutual Fund's acquisition of up to a 9.50 percent stake in the bank.
- Black Box: Announced a strategic alliance with AIONOS to accelerate AI transformation for enterprises.
- Canara Bank: The Central Government has appointed Brajesh Kumar Singh as the new Managing Director and Chief Executive Officer.
- Cochin Shipyard: The Ministry of Ports, Shipping and Waterways extended the additional charge of Chairman and Managing Director for Jose VJ for three months.
- Fino Payments Bank: Partnered with Ezee.ai to deploy its AI-enabled Loan Origination System (LOS) and collections management platform.
- SoftTech Engineers: Collaborated with the Brihanmumbai Municipal Corporation (BMC) to develop CivitTWIN, India's first AI-powered Digital Approval Twin for building permits.