Infosys expands GlobalFoundries AI IT deal, NLC India and IOCL plan green JV, YES Bank, Delhivery, IRFC, Honasa Consumer and Satin Creditcare announce…
1/9Infosys | The IT firm has expanded its multi-year partnership with semiconductor manufacturer GlobalFoundries to provide AI-led managed services across the company’s enterprise IT operations. Under the agreement, Infosys will oversee end-to-end application, infrastructure, data and service desk operations, supporting GlobalFoundries’ AI-driven IT transformation initiatives.
2/9Vedanta | Promoter entity Twin Star Holdings sold 6.5 crore shares of Vedanta through a block deal worth approximately ₹1,896 crore. The shares were offloaded at an average price of ₹291.36 apiece on the NSE.
3/9NLC India Ltd | The company 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.
4/9YES Bank | The bank said its board will meet on June 29 to consider various fundraising proposals, including raising capital through the issuance of equity shares and debt securities.
5/9Delhivery | Venture capital firm Nexus Ventures sold 43.2 lakh shares, representing a 0.6% stake in Delhivery, through a block deal worth about ₹208 crore. The shares were offloaded at an average price of ₹481 apiece on the BSE. Nexus Ventures held a 4.5% stake in the logistics company as of March 2026.
6/9IRFC | The government has launched an Offer for Sale (OFS) in Indian Railway Finance Corporation (IRFC), proposing to divest a 1% stake with an additional 1% greenshoe option, DIPAM Secretary Arunish Chawla said. The OFS opens for non-retail investors on June 24, while retail investors can place bids on June 25.
7/9City Union Bank | City Union Bank has scheduled its annual general meeting (AGM) for August 14, 2026, where shareholders will consider a proposal to raise up to ₹5,500 crore through the Qualified Institutional Placement (QIP) route. The bank has also fixed August 14 as the dividend payment date.
8/9Honasa Consumer | Honasa Consumer, the parent of Mamaearth and The Derma Co, has approved the acquisition of a 58% stake in Fluence Pharma through a secondary purchase at an enterprise value of around ₹135 crore, subject to customary closing conditions. The company plans to acquire the remaining 42% stake in two tranches over the next 5–7 years, in accordance with the agreed transaction terms.
9/9Satin Creditcare Network | The company has approved a proposal to raise up to ₹5,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The fundraising will be carried out in one or more tranches over the next year, subject to shareholder approval at the company’s upcoming AGM.
