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Updated - June 24, 2026 at 07:23 AM.

The government on Tuesday announced an offer for sale (OFS) in state-run Indian Railway Finance Corporation (IRFC), seeking to divest up to 2 per cent of its equity stake through a base offer and a greenshoe option. The floor price has been fixed as Rs 91. The OFS will open for non-retail investors on Wednesday and retail investors will be able to participate on Thursday, Arunish Chawla, secretary at the Department of Investment and Public Asset Management, said in a post on X. Chawla said the government proposes to divest a 1 per cent equity stake in the company, with an additional 1 per cent stake available through a green-shoe option if investor demand is strong.

Infosys has announced an expanded multi-year collaboration with GlobalFoundries, a leading semiconductor manufacturer, to deliver AI-led managed services across GF’s enterprise IT landscape. Through this collaboration, Infosys will manage GF’s end-to-end application, infrastructure, data and service desk operations. GF selected Infosys based on its proven track record as an incumbent technology provider and its deep semiconductor domain expertise. The engagement is designed to elevate GF’s IT operations by transitioning from externally supported operations to a true managed services model driven by AI, automation, and continuous optimisation.

Rashi Peripherals Ltd, one of the leading national distribution partners for global technology brands in India, has announced the strategic partnership of VDA Infosolutions, an enterprise technology and digital infrastructure solutions company, specialised in enterprise IT infrastructure, cloud computing, enterprise storage, cybersecurity, and overall data lifecycle management.

Honasa Consumer Ltd, India’s leading beauty and personal care company, has announced the acquisition of a majority stake of 58% in Fluence Pharma, a science-backed nutraceuticals company known for its differentiated and patented Cyclical Nutrition Therapy (CNT)1 and strong dermatologist-led distribution network. This strategic acquisition marks Honasa’s entry into the high-growth nutraceuticals space, reinforcing its commitment to building science-backed solutions that address evolving consumer needs across “inside-out” beauty.

NLC India has signed an MoU with Indian Oil Corporation (IOCL) to form a joint venture for developing large-scale renewable energy projects in Tamil Nadu. The proposed JV will focus on solar, wind, hybrid and energy storage projects, along with opportunities in green fuels, e-mobility and solar module manufacturing, supporting India’s clean energy transition and net-zero ambitions.

The board of Tanfac Industries has approved the opening of a preferential issue on June 23, setting a floor price of ₹2,090.34 a share. The company may offer a discount of up to 5% on the floor price.

Batliboi Ltd, a reputed engineering company with a strong legacy in machine tools, air engineering, textile machinery, and environmental engineering, has announced that its board of directors has approved the acquisition of 100% of the equity share capital of Penta Automation Systems Private Ltd, a profitable specialised provider of customised industrial automation solutions and robotics integration services for manufacturing industries. As part of acquisition of Penta, Batliboi will also indirectly acquire through Penta, Pats Robotics Private Ltd. a group company of Penta which is engaged in the same line of business. These acquisition, valued at Rs 20 crore, marks an important step in Batliboi’s growth journey and strengthens its presence in the rapidly expanding industrial automation and robotics segment.

ARSS Infrastructure Projects Ltd has received a work order for about Rs 21.47 crore for improvement such as widening and strengthening of Dengapola to Champahat Junction in Jagatsinghpur under State plan from office of the superintending Engineer, Jagatsinghpur (R&B) Division, Jagatsinghpur.

Godawari Power and Ispat Ltd has announced that the 6.91 MW Capacity Waste Heat Recovery Based Power Plant by utilisation of Waste Heat of flue gas generated from Pellet Plant and Ferro Alloys Division situated at company’s existing Integrated Steel plant at Siltara Industrial Area, Raipur, Chhattisgarh has commence commercial operations from June 23.

Prostarm Info Systems Ltd has been declared as L-1 bidder by Karnataka State Fire and Emergency Services for Supply Installation Testing and Commissioning of 3 KVA UPS with Battery Conforming to IS 16242 for Rs 4.03 crore price.

Solarium Green Energy Ltd has received a Letter of Award (LOA) dated June 22, as a sub-contractor, for execution of End-to-End Engineering, Procurement and Construction (EPC) works, including three years of Operation and Maintenance (O&M) services, for a 50 MW AC/65 MW DC Solar PV Power Project in Maharashtra, awarded under a project of Maharashtra State Power Generation Company Limited (MAHAGENCO). The total order value is approximately ₹186.525 Crore exclusive of GST.

Deccan Gold Mines Limited has finalised documentation to secure a debt funding arrangement worth Rs 3 crore from Modali Consultants LLP. The capital infusion is earmarked specifically for the development of the company’s ongoing projects. While the tenure is 12 months and the interest rate: 12% per annum, which will be compounded quarterly and is fully payable at the end of the 12-month tenure. To back the debt funding, Deccan Gold Mines Limited has agreed to a collateral arrangement. The loan will be secured via a pledge of 18,750 equity shares held by Deccan Gold Mines Limited in its associate or group entity, Geomysore Services (India) Private Limited.

Imagicaaworld Entertainment informed the exchanges the commencement of operations at t Imagicaa Water Park in Khopoli, Maharashtra, with effect from June 26 following rains in catchment areas. The company estimated the revenue loss at approximately Rs 50 lakh and said it had taken steps for water conservation and to ensure business continuity in light of the disruption.

Published on June 24, 2026

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