Indian equity markets closed with mild gains on Thursday, June 27, 2026, as traders booked profits ahead of a long weekend. A dip in crude oil prices and a strengthening rupee offered some relief. As the market reopens on Monday, June 29, several companies are poised to capture investor attention due to significant corporate developments.
Market Debuts & Corporate Actions
Turtlemint Fintech Solutions is set to make its stock market debut on Monday, June 29, 2026. The new-age insurance player successfully raised Rs 883 crore through its IPO, which was subscribed 1.20 times. Shares were offered at Rs 152 apiece with a lot size of 98 equity shares.
Several companies will trade ex-dividend, including Jyothy Labs, Kansai Nerolac Paints, Kalpataru Projects International, and Raymond Lifestyle. Kajaria Ceramics will trade ex-buyback, while Kedia Construction Company is ex-date for capital reduction.
Banking Sector Updates
HDFC Bank, a leading private lender, announced that an independent legal review found no evidence in board committee minutes, related communications, or witness interviews to support concerns raised by former Chairman Atanu Chakraborty in his resignation letter. Chakraborty, however, stated that the terms of reference for the review were not shared with him.
At Kotak Mahindra Bank, Ashok Vaswani, the current Managing Director & CEO, will not seek reappointment after his term concludes on December 31, 2026. The bank's board has initiated the process to appoint a new leader.
Infrastructure & Energy Developments
Adani Ports and Special Economic Zone received an upgrade on its long-term issuer credit rating and senior unsecured notes to BBB from BBB- by S&P Global Ratings, with a stable outlook. This places Adani Ports' rating on par with India's sovereign rating.
Oil and Natural Gas Corporation (ONGC) has appointed Anupam Agarwal as Director (Finance), who will also serve as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with immediate effect, replacing Yogish Nayak S.
Adani Green Energy's step-down subsidiary, Adani Renewable Energy Eight, has operationalized a 150 MW solar power project in Khavda, Gujarat. This brings AGEL's total operational renewable energy generation capacity to 19,985.8 MW.
JSW Infrastructure successfully closed its qualified institutions placement (QIP) issue, raising Rs 7,502.69 crore by issuing 26.32 crore shares at Rs 285 per share. Prominent investors like Fidelity Investments, HDFC Mutual Fund, and SBI Mutual Fund participated.
State-run BEML secured an additional export order worth approximately $5.35 million from the Middle East for heavy earth-moving equipment, increasing its total contract value to $41.73 million and its international order book to $112.35 million.
Transrail Lighting reported new international orders totaling nearly Rs 459 crore, primarily in its transmission and distribution business, bringing its year-to-date order inflow to Rs 1,034 crore.
KEC International saw its exclusion order revoked by Power Grid Corporation of India, effective June 26, enabling it to participate in future tenders and contracts.
Ashoka Buildcon received a letter of acceptance (LoA) for a $35.42 million project from Guyana's Central Housing and Planning Authority, involving the construction of a four-lane highway.
Pharma & Healthcare Developments
Dr Reddy's Laboratories faced seven observations on Form 483 from the USFDA following a Pre-License Inspection at its biologics manufacturing facility in Bachupally, Hyderabad, conducted between June 16 and 25, 2026.
Waaree Energies clarified media reports, stating that the US Customs and Border Protection (CBP) confirmed that Waaree did not export solar modules manufactured using Chinese-origin solar cells to the United States, with no adverse inference drawn.
Aurobindo Pharma's subsidiary, Auroactive Pharma, in Srikakulam, Andhra Pradesh, concluded a USFDA inspection with two observations.
Lupin received tentative approval from the USFDA for its Enzalutamide Tablets (40 mg, 80 mg, 120 mg, and 160 mg), used to treat various types of prostate cancer.
Zydus Lifesciences and Sunshine Healthcare announced a strategic joint venture, Zydus Sunshine Lifesciences, with an investment of over $20 million to establish a pharmaceutical manufacturing facility in Sri Lanka, aiming to boost local production.
Jubilant Pharmova's subsidiary, Jubilant Generics, received tentative USFDA approval for Pantoprazole Sodium Delayed-Release Oral Suspension, 40 mg per packet, an oral suspension used to reduce stomach acid.
Alembic Pharmaceuticals received final USFDA approval for its ANDA for Oseltamivir Phosphate for Oral Suspension, 6 mg/mL, indicated for the treatment of acute, uncomplicated influenza A and B.
Indoco Remedies' Goa plant for solid oral dosage forms received EU GMP certification from the Malta Medicines Authority following an inspection, confirming compliance with good manufacturing practice requirements.
Strides Pharma Science announced the sale of a majority stake in its subsidiary, Pivot Path, to a consortium led by Ascent Capital, along with co-investor Vintage Classic, for Rs 100 crore.
Tech & Telecom Highlights
The top-3 telecom players continued to add subscribers in May 2026. Reliance Jio added 21.54 lakh subscribers, while Bharti Airtel gained 29.26 lakh. Vodafone Idea saw a significant increase, adding 1.21 lakh subscribers, more than doubling its April additions.
Persistent Systems, through its subsidiary Galaxy Germany Holding SE, entered a share purchase agreement to acquire a 21 percent stake in Germany's Nagarro SE for EUR 81 apiece. The IT solutions firm also secured a six-and-a-half-year strategic services agreement with a US-based global technology leader, valued at $650 million.
Hexaware Technologies has been named an Anthropic-authorised reseller for Amazon Bedrock, joining a select group of companies globally authorized to resell Claude AI models directly to enterprise clients.
Financial Services & Other Corporate News
IIFL Finance's board approved raising up to Rs 10,000 crore through equity shares or other securities and increased its borrowing limit from Rs 60,000 crore to Rs 75,000 crore. Additionally, Kapish Jain will step down as CFO to transition into another role within the company.
PTC Industries' board approved raising up to Rs 1,800 crore via QIP or preferential issue and increased its borrowing limit to Rs 600 crore from Rs 350 crore.
Torrent Power completed the acquisition of 100 percent equity shares and convertible instruments of Nabha Power from L&T Power Development for Rs 3,632.35 crore, making Nabha Power a wholly owned subsidiary.
NIBE announced the resignation of Prakash Hari Khose from the position of Chief Executive Officer (CEO) and Key Managerial Personnel (KMP), effective June 25.
Investors will be closely watching these developments as the market reacts to these significant corporate announcements on Monday.