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
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)