Stocks in news: ZEE, Asian Paints, NTPC, Tanla Platforms, Hyundai Motor
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Despite ongoing geopolitical tensions between Israel and Iran, the market moved higher on Monday, supported by gains in large-cap stocks, as investors maintained their focus on long-term fundamentals in the time of volatile situations. In today's trade, shares of ZEE, Asian Paints Hyundai Motor among others will be in focus due to various news developments.The Board of Directors of Zee Entertainment Enterprises (ZEE) has approved the issuance of up to 16.95 crore fully convertible warrants to promoter group entities on a preferential basis at Rs 132 per warrant, raising a total of Rs 2,237.44 crore.The Bata Group announced the appointment of Panos Mytaros as its new global chief executive officer, succeeding Sandeep Kataria, who has led the group since 2020.The Reserve Bank approved the extension of the term of Sandeep Batra as executive director (ED) of ICICI Bank for two years.Mukesh Ambani-led Reliance Industries (RIL) sold 85 lakh shares in India's largest paint company Asian Paints via a block deal which was worth Rs 1,876 crore.Sona BLW Precision Chairman Sunjay Kapur passes away. The Board will meet in due course to elect a new chairman of the board.Jindal Steel and Power board approved the change in company's name from 'Jindal Steel and Power' to 'Jindal Steel'Biocon launched its qualified institutional placement (QIP) issue to raise Rs 4,500 crore, with the floor price set at Rs 340.20 per share, as per the pricing formula under Sebi regulations.Jet Airways in view of the ongoing liquidation proceedings said financial statements for FY24 and FY25 are yet to be finalised.Tanla Platforms board approved buyback of 20 lakh shares (1.49% equity) worth Rs 175 crore at Rs 875 per share via tender offer route.Macrotech Developers rebranded itself as Lodha Developers effective June 16 after Ministry of Corporate Affairs (MCA) approval.NTPC will consider fund raising up to Rs 18,000 crore via bonds on June 21 Hyundai Motor India started the production of passenger vehicles engines at Maharashtra's Talegaon Plant from June 16
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