Stocks to watch today on December 29 are influenced by a combination of large-scale acquisitions, regulatory disclosures by public sector banks, promoter stake sale plans, infrastructure project awards, and fresh fundraising announcements. These confirmed corporate developments are setting the tone for the share market today as investors assess year-end disclosures and strategic actions across sectors.
Share Market News – Highlights
- Major market-moving announcements
- Mergers, acquisitions and fund-raising activity
- Banking and regulatory disclosures
- Infrastructure, EPC and project execution updates
- Corporate actions and leadership developments
- Bulk and block deal activity
- Scheduled corporate actions
Major Market-Moving Announcements
Coforge
Coforge announced two significant corporate actions that place it among the key stocks to watch today. The company approved plans to raise up to $550 million through a qualified institutional placement, with proceeds earmarked primarily for debt repayment related to an acquisition.
Separately, Coforge signed a definitive agreement to acquire 100% equity ownership of Encora from private equity investors, including Advent International and Warburg Pincus, along with other minority shareholders. The transaction values Encora at an enterprise value of approximately $2.35 billion, translating into a consideration of about ₹17,032 crore.
NBCC (India)
NBCC reached a settlement with the Government of the National Capital Territory of Delhi to resolve long-pending litigation related to land in the Ghitorni–Sultanpur area of south Delhi. Under the settlement terms, a total land parcel of 42.46 acres will be divided equally, resulting in NBCC receiving 21.23 acres through a perpetual lease deed.
The company intends to develop a mixed-use real estate project on the land, with an estimated revenue potential of approximately ₹8,500 crore, subject to approvals and development timelines.
Mergers, Acquisitions and Fund-Raising Activity
Timex Group India
Timex Group India informed exchanges that its promoter, Timex Group Luxury Watches BV, plans to divest part of its holding through an offer for sale scheduled for December 29 and December 30. The base offer comprises a 4.47% equity stake, with an additional green-shoe option of an equivalent size.
The offer price has been fixed at a floor of ₹275 per share, and the sale is intended to comply with minimum public shareholding norms.
Viceroy Hotels
Shareholders of Viceroy Hotels approved the acquisition of SLN Terminus Hotels and Resorts for a consideration of ₹206 crore, enabling the company to expand its hospitality footprint through inorganic growth.
Lloyds Enterprises
Lloyds Enterprises entered into loan agreements to raise ₹361 crore to meet the balance consideration for the conversion of warrants related to Lloyds Metals and Energy. In addition, its subsidiary amended an existing share purchase agreement to acquire the remaining minority stake in Techno Industries, post which the subsidiary will hold full ownership.
Banking and Regulatory Disclosures
Punjab National Bank
Punjab National Bank disclosed that it has reported a borrowing fraud of ₹2,434 crore to the Reserve Bank of India. The fraud pertains to accounts linked to the erstwhile promoters of SREI Equipment Finance and SREI Infrastructure Finance.
The bank clarified that both entities were resolved earlier under the Corporate Insolvency Resolution Process through orders of the National Company Law Tribunal.
Infrastructure, EPC and Project Execution Updates
Solar World Energy Solutions
Solar World Energy Solutions secured an engineering, procurement and construction contract worth approximately ₹725 crore from NTPC Renewable Energy. The order relates to a 250 MW AC grid-connected solar photovoltaic project.
Vikran Engineering
Vikran Engineering accepted letters of award from Madhya Pradesh Urja Vikas Nigam for the execution of grid-connected solar photovoltaic power projects with a combined capacity of 45.75 MW AC in Vidisha district.
Ceigall India
A subsidiary of Ceigall India received a provisional certificate from the National Highways Authority of India for a six-laning highway project in Punjab. The ₹613 crore project has been declared fit for commercial operations with effect from December 22, 2025.
Diamond Power Infrastructure
Diamond Power Infrastructure received a letter of intent from an EPC contractor for the supply of power cables valued at ₹66.18 crore, adding to its confirmed order book.
The Great Eastern Shipping Company
Great Eastern Shipping entered into an agreement to sell its very large gas carrier, Jag Vishnu, to an unaffiliated third party. Following the sale, the company’s owned fleet will comprise 39 vessels with an aggregate capacity of approximately 3.17 million deadweight tonnes.
Corporate Actions and Leadership Developments
Sigachi Industries
Sigachi Industries disclosed that its Managing Director and Chief Executive Officer was remanded in connection with an ongoing investigation into a fire incident at the company’s Hyderabad unit earlier this year. The company stated that operations remain uninterrupted, with interim management oversight in place.
The board is also scheduled to meet to consider fund-raising through non-convertible debentures on a private placement basis.
Suzlon Energy
Suzlon Energy announced the resignation of its Chief Executive Officer for the wind turbine generator division, effective December 26, as part of senior management changes.
Akums Drugs and Pharmaceuticals
Akums Drugs disclosed the resignation of its President – Finance, who was designated as senior management personnel, with effect from December 31, citing personal reasons.
Avantel
Avantel secured a maintenance contract from the Ministry of Defence for communication and satellite equipment, valued at approximately ₹4.16 crore.
Stylam Industries
Stylam Industries is subject to an open offer by Aica Kogyo Company to acquire up to 26% equity stake at ₹2,250 per share, in accordance with SEBI takeover regulations.
Bulk and Block Deal Activity
Roadstar Infra Investment Trust
Roadstar Infra Investment Trust saw unit transactions through bulk deals, with a mutual fund increasing its holding while an existing investor reduced its stake at prevailing market prices.
Ravelcare
Ravelcare recorded multiple bulk purchases by institutional investors and fund managers, leading to changes in its public shareholding composition.
Scheduled Corporate Actions
Certain listed entities are scheduled to trade ex-date for corporate actions such as share consolidation and restructuring during the session. These events are part of routine exchange-announced actions and do not involve speculative outcomes.
Conclusion
The share market today reflects a wide range of confirmed corporate disclosures, including a major IT sector acquisition, public sector bank fraud reporting, promoter stake sales, renewable energy project awards, and real estate monetisation initiatives. These verified developments collectively define the key stocks to watch today on December 29, presented with a neutral, factual, and SEBI-compliant approach.
Easy & quick
Leave A Comment?