Why these 12 stocks including IEX, Tilaknagar, SpiceJet, Religare & Inox Wind may buzz on Thursday

Indian Energy Exchange Ltd. (IEX) will be in focus a the Central Electricity Regulatory Commission (CERC) has approved he implementation of the Market Coupling norms, with the Day Ahead Market (DAM), in accordance with the Power Market Regulations of 2021. Under the first Phase of these norms, coupling of the Day-Ahead Market (DAM) will be implemented by January 2026, under which, different power exchanges will act as Market Coupling Operators (MCOs) on a round-robin basis.

 Tilaknagar Industries Ltd (TIL) on Wednesday announced that it will acquire the Imperial Blue whisky business from the Indian arm of French liquor giant Pernod Ricard at an enterprise value of 412.6 million Euros (around Rs 4,150 crore). Both parties — TIL, an Indian-Made Foreign Liquor (IMFL) manufacturer, and Pernod Ricard India — have entered into a definitive agreement for the transaction related to the sale of Imperial Blue business division (IB), according to separate statements issued by both companies. According to TIL, it is acquiring the Imperial Blue business from Pernod Ricard India (PRI) “via slump sale at an enterprise value of 412.6 million Euros (around Rs 4,150 crore)“. The consideration includes a deferred payment of 28 million Euros (Rs 282 crore as on date), to be paid four years after the date of the closure of the transaction, said a joint statement.

BEML Limited, a Schedule ‘A’ public sector enterprise under the Ministry of Defence, has received an order worth Rs 293.81 crore from the Ministry of Defence for the supply of 150 indigenously designed high mobility vehicles (HMVs) 6×6.

Religare Enterprises on Wednesday said the Reserve Bank has withdrawn the conditions imposed under Corrective Action Plan (CAP) on Religare Finvest Ltd (RFL) with immediate effect. Reserve Bank of India (RBI) had imposed CAP on RFL, a subsidiary of Religare Enterprises, in January 2018 due to the irregularities observed during the inspection for its position as on March 31, 2017.

IndusInd Bank, which reported a net loss of Rs 2,328.9 crore in the last quarter, on Wednesday said its shareholders have approved raising up to Rs 30,000 crore through a mix of debt and equity. The private sector bank had a consolidated net loss of Rs 2,328.9 crore in the March quarter of 2024-25 due to accounting lapses and fraud in the microfinance portfolio.

The board of Inox Wind Ltd has approved the proposed rights issue to raise up to Rs 1,249.33 crore as the wind energy solutions provider looks to bolster its capital base and fund future growth. The issue will offer 10.41 crore fully paid-up equity shares at Rs 120 per share, including a premium of Rs 110 on the face value of Rs 10 each, the company said in a regulatory filing. The issue price is at a sharp discount of 27 per cent to Wednesday’s closing price of Rs 165.60 apiece on the BSE. The rights issue will open on August 6 and close on August 20, with the record date fixed as July 29 to determine shareholder eligibility.

Veranda Learning Solutions informed the exchanged the closure of its first-ever Qualified institutional placement (QIP), raising Rs 357.42 crore to reduce debt and fuel growth. The QIP saw participation from several institutional investors, including Authum Investment, Trust Mutual Fund, Resonance Opportunities Fund, Necta Bloom VCC, and Saint Capital Fund, among others. 

Global macro hedge fund Discovery Capital Management on Wednesday exited SpiceJet by selling its entire 2.2 per cent stake in the domestic carrier for Rs 119 crore through an open market transaction. Meanwhile, Plutus Wealth Management bought 2.45 crore shares or 1.73 per cent stake in SpiceJet for Rs 93.39 crore. The shares were picked up at an average price of Rs 38.12.

Surya Roshni has secured order worth Rs 174.78 crore (including GST) for supply of MS Spiral Coated Pipe from Construction & Infrastructure Co. The said order is to be executed within 24 weeks. Earlier, the company had secured order worth Rs 116.15 crore (including GST) from GAIL India. 

Angel One on Wednesday announced a plan to invest at least Rs 400 crore in a life insurance company in a joint venture with Singapore’s Livwell Holding Company. The domestic company, which has interests across the financial services landscape, will hold a 26 per cent stake in the venture while its Singaporean partner will hold the rest 74 per cent, a statement said. This will be a ‘digital-first’ life insurance company, the statement said, adding that India is “overwhelmingly” under insured.

Aurum PropTech Ltd on Wednesday announced acquisition of housing brokerage platform PropTiger from Australia’s REA Group in a stock swap deal worth Rs 86.45 crore as part of its expansion plan. The company will issue preferential shares to REA India as consideration for the acquisition of PropTiger. In a regulatory filing, Aurum PropTech informed that the Board has approved “acquisition of 100 per cent equity shares of PropTiger Marketing Services India Pvt Ltd, India”. The acquisition has been done from REA India Pte, Singapore, through an all-stock, equity swap and execution of the Share Acquisition Agreement with REA and PropTiger.

Sunteck Realty Ltd has partnered with a landowner to develop a luxury housing project in Mumbai for Rs 1,200 crore. In a regulatory filing on Wednesday, Sunteck Realty informed that it is entering a Joint Development Agreement (JDA) for a project on the land admeasuring 3.5 acres situated at Mira Road on Western Express Highway, Mumbai.

Published on July 24, 2025