NHPC's offer for sale was fully subscribed on the final day, enabling the government to raise approximately ₹4,300 crore through stake dilution. According to latest BSE data, cumulative bids of 151.33 crore shares came in against the OFS size of 60.27 crore shares, demonstrating strong investor interest in the power sector company. The government on Monday announced it would sell up to a 6% stake in NHPC via OFS at a floor price of ₹71 per share, representing an 8% discount over Monday's closing price of ₹77.19 on the BSE.
The Government of India has announced an Offer for Sale (OFS) in NLC India Limited to divest up to 3% equity stake with a floor price of ₹303 per share. According to DIPAM Secretary Arunish Chawla, the OFS comprises a base offer of 2% equity and an additional 1% Green Shoe Option, which may be exercised in case of oversubscription. The offer will open for non-retail investors on June 9 and retail investors on June 10. The government will initially sell around 2.78 crore shares, representing 2% of the company's paid-up equity capital, with an additional 1.39 crore shares (1% stake) potentially offered under the Green Shoe Option. NLC India, a Navratna public sector enterprise under the Ministry of Coal, is engaged in lignite mining and power generation and has expanded its presence in renewable energy projects. The floor price of ₹303 per share represents a discount of 9.73% to NLC India's closing price of ₹335.65 on the BSE on Monday.
SEBI on Wednesday barred Rajesh Exports Ltd's promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale misrepresentation of financial statements and diversion of funds. In a comprehensive 109-page interim order, SEBI revealed its investigation uncovered misrepresentation in financial statements as well as instances of routing and layering of funds through personal accounts and related entities without adequate disclosures or supporting documentation. The regulator also directed the company to make true and fair disclosures of its financial statements, related party transactions, and other disclosures under the Listing Obligations and Disclosure Requirements (LODR) regulations. Rajesh Exports shares fell 5% following the announcement, reflecting investor concerns over the regulatory action.
SoftBank Group sold a 3.25% stake in Lenskart Solutions for ₹2,873 crore through an open market transaction. According to latest NSE data, SoftBank, through its affiliate SVF II Lightbulb (Cayman) Ltd, offloaded 5,65,00,000 shares at an average price of ₹508.55 apiece, taking the deal value to ₹2,873.30 crore. Following the stake sale, SoftBank's holding in Lenskart dropped to 9.88% from 13.13%. GQG Partners sold a 1.8% stake in GMR Airports to Fidelity International for ₹1,906 crore via open market deals, with GQG Partners Emerging Markets Equity Fund offloading 19.50 crore shares at an average price of ₹97.75 apiece.
BHEL secured a ₹2,000-2,500 crore order from Nigeria's Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise, with the contract signed on June 2. The order pertains to eight gas turbine generator packages for the petroleum refinery and polypropylene plant in the Dangote Industries Free Zone, Nigeria, with execution timeline of 26 months. Suzlon Energy announced diversification plans to become a full-stack renewable energy solutions company, foraying into battery storage and integrated co-development platform RE DevCo. The company disclosed ₹500 crore investment in FY27 for the DevCo arm alone, with additional ₹600-700 crore capital expenditure across other business segments, targeting annual renewable energy sales of 10 GW by 2031.
Angel One shares gained 1% after reporting mixed operating metrics for May 2026. While gross client acquisition stood at 0.42 million, down 9.7% month-on-month and 16.7% year-on-year, the company's total client base expanded to 38.17 million, up 1% sequentially and 19.5% from a year ago. Indian Energy Exchange (IEX) shares rose 2% after reporting strong growth in electricity trading volumes, with total electricity traded volume increasing 18.6% year-on-year to 12,983 million units. Agarwal Industrial Corporation jumped 20% after securing an order worth ₹477.5 crore from Hindustan Petroleum Corporation Ltd (HPCL) for supplying 1,30,000 metric tonnes of bulk bitumen to HPCL's Mumbai and Mangalore locations. JBM Auto shares advanced 6% following robust growth in North American Class 8 truck orders, which rose 124% year-on-year to 26,600 units in May 2026.
