📍 IPO / FUNDRAISING

• ICICI Prudential Asset Management Company (ICICI Pru AMC), a subsidiary of ICICI Bank Limited, has filed a Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO). The IPO will include an Offer for Sale (OFS) of up to 10% of the equity share capital held by Prudential Corporation Holdings Limited (PCHL). ICICI Bank Limited also intends to acquire up to 2% of ICICI Pru AMC's pre-IPO share capital from PCHL.

📍 DIVIDEND

Several companies are trading ex-dividend on July 9, 2025, meaning investors needed to purchase shares by July 8, 2025, to be eligible for these payouts:

• Pfizer Ltd: The company announced a substantial combined dividend of ₹165 per share, comprising a special dividend of ₹130 and a final dividend of ₹35.
• Mphasis: Shareholders are eligible for a dividend of ₹57 per share. The NSE has issued circulars for the adjustment of Futures and Options contracts for Mphasis due to this dividend.
• Johnson Controls-Hitachi Air Conditioning: Interim dividend of ₹36 per share.
• SML Isuzu: Final dividend of ₹18 per share.
• Kabra Extrusiontechnik: Final dividend of ₹2.50 per share.
• S.J.S. Enterprises: Final dividend of ₹2.50 per share.
• Elegant Marbles & Grani Industries: Final dividend of ₹1 per share.

📍 QUARTERLY RESULTS / BUSINESS UPDATES

• JSW Steel: Reported a 14% year-on-year increase in crude steel output for the April–June quarter of FY26, reaching 7.26 million tonnes in consolidated production.
• Tata Motors: Experienced a 9% year-on-year decline in global wholesale numbers for the first quarter of FY26, with total volumes at 299,664 units.
• Union Bank of India: Saw a 5% year-on-year rise in total business for Q1 FY26, amounting to ₹22.1 lakh crore.
• Tata Steel: Crude steel production in India remained steady in Q1 FY26 at 5.26 million tonnes, though deliveries fell by 3.8% year-on-year due to plant shutdowns.
• Welcure Drugs & Pharmaceuticals: Completed seven export-sourcing orders totaling nearly ₹300 crore in Q1 FY26.
• Phoenix Mills: Reported a 12% year-over-year increase in retailer sales at its operating malls during Q1 FY26.
• Lodha Developers: Achieved ₹44.5 billion in pre-sales for Q1 FY26.
• ITC: Continued its strategic focus on scaling up its agriculture products portfolio.

📍 ORDER WIN / NEW DEALS

• RailTel Corporation of India Ltd: Received a Letter of Intent (LOI) for a work order worth approximately ₹96.99 crore from Central Warehousing Corporation.
• Valiant Communications: Secured an order valued at ₹433 lakh from Punjab State Transmission Corporation Limited (PSTCL).
• SPML Infra: Sanctioned enhanced credit facilities of ₹205 crore from a leading Indian PSU bank.

📍 REGULATORY / POLICY IMPACT

• BSE Ltd: Shares dropped over 7% on July 8 following reports that SEBI might consider linking options trading exposure to cash market positions, which could restrict liquidity in the derivatives segment. Other capital market-linked stocks, including CDSL and WAM, also saw sharp declines.
• MCX (Multi Commodity Exchange): Is set to launch India's first electricity futures trading on July 10, 2025, an initiative approved by SEBI in June.

📍 MANAGEMENT CHANGE

• RS Software: Announced the appointment of Samik Roy as its Chief Operating Officer (COO), effective July 7, 2025.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

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