PRE-MARKET INDIAN STOCKS NEWS: Vodafone Idea (IDEA IS) board approved the allotment of 4.30bln warrants to Suryaja Investments Pte for cash at an issue price of INR 11/warrant
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Bharat Electronics (BHE IS) - Co. secured additional orders worth INR 10.81bln since May 25, including communication equipment, radars, CBRN protection systems, seekers, avionics, upgrades, spares and services. (Moneycontrol)Birla Corporation (BCORP IS) - Co. commenced coal mining operations at the Bikram coal block in Madhya Pradesh. (ET)Hindustan Zinc (HZ IS) - Co. signed an MoU with Advantek Associates LLP and Aero Eagle Automobiles to explore the adoption of green hydrogen and alternative clean energy solutions across its operations. (Moneycontrol)IIFL Finance (IIFL IS) - Co. said its board will consider a fundraise through equity issuance on June 27. (ET)JSW Infrastructure (JSWINFRA IS) - Co. launched a qualified institutional placement to raise up to INR 75.03bln, with proceeds earmarked for expansion projects, debt repayment and strategic investments. (ET)Tata Consultancy Services (TCS IS) - Co. will announce its results for the quarter ended June on July 9, when its board will also consider declaring an interim dividend. (ET)Vedanta (VEDL IS) - Co.’s promoter Twin Star Holding is likely to sell up to 65mln shares worth INR 18.90bln through block deals at a floor price of INR 291/shr, according to CNBC-TV18. (Moneycontrol)Vodafone Idea (IDEA IS) - Co. board approved the allotment of 4.30bln warrants to Suryaja Investments Pte for cash at an issue price of INR 11/warrant, against receipt of 25% of the issue price. (Moneycontrol)
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