Stocks to watch today on December 17 are driven by large promoter stake sales, government divestment plans, high-value infrastructure orders, strategic media and pharmaceutical partnerships, semiconductor collaborations, and notable bulk and block transactions. These developments, disclosed through regulatory filings and official announcements, are expected to shape attention in the share market today across banking, paints, construction, media, pharmaceuticals, electronics manufacturing, and financial services.
Share Market News – Highlights
- Promoter and government stake sales dominate focus
- Indian Overseas Bank OFS and financial sector actions
- Large EPC and construction orders announced
- Strategic media and entertainment partnerships
- Global pharmaceutical licensing agreements
- Semiconductor and digital capability expansion
- Leadership appointments and governance changes
Promoter Stake Sales and Block Deal Activity
Akzo Nobel India
Akzo Nobel India is in focus following reports that promoter Imperial Chemical Industries may divest up to a 9% equity stake through a block deal. According to market sources, the proposed transaction could be valued at approximately ₹1,290 crore, with a floor price of ₹3,150 per share. The development highlights potential changes in the shareholding structure of the paints major.
Ola Electric Mobility
Ola Electric Mobility saw promoter-level activity as founder Bhavish Aggarwal sold around 2.6 crore shares, representing roughly 0.6% of the company’s paid-up equity. The transaction, executed at an average price of ₹34.99 per share, amounted to nearly ₹92 crore. The promoter clarified that the sale was a one-time monetisation exercise to fully repay a promoter-level loan, resulting in the release of previously pledged shares.
SBFC Finance
SBFC Finance witnessed significant block deal activity with Massachusetts Institute of Technology–linked entities exiting their entire holding. The shares were acquired by long-term institutional investors, including Tata AIA Life Insurance and Temasek-owned Aranda Investments, indicating a shift in the shareholder base.
Pearl Global Industries
SBI Mutual Fund acquired a 1.43% stake in Pearl Global Industries through a bulk deal, while promoter Deepak Kumar Seth divested an equivalent portion of his holding. The transaction reflects institutional interest alongside partial promoter monetisation.
Karnataka Bank
Karnataka Bank recorded a bulk transaction where a non-institutional investor acquired a 0.5% stake, matched by an equivalent sale from another investor, resulting in a change in share ownership without altering overall public float.
Banking and Financial Services Developments
Indian Overseas Bank
Indian Overseas Bank is set to witness heightened activity as the Government of India announced an offer for sale of up to 3% equity through the stock exchange mechanism. The base offer consists of a 2% stake, with a green shoe option for an additional 1%. The floor price for the transaction has been fixed at ₹34 per share, and the sale is scheduled over two trading sessions.
Geojit Financial Services
Geojit Financial Services saw a major promoter stake reduction as BNP Paribas SA divested a substantial portion of its shareholding through bulk deals. The shares were acquired by domestic institutional investors and the company’s founder, resulting in a revised ownership mix.
Infrastructure, Construction and EPC Orders
Ahluwalia Contracts (India)
Ahluwalia Contracts secured a large engineering, procurement and construction (EPC) order valued at ₹888.38 crore from Bihar State Tourism Development Corporation. The project involves comprehensive construction and development work for Shri Ram Janmabhoomi Tirtha Kshetra at Punauradham, Sitamarhi district, and will be executed under EPC mode.
NBCC (India)
NBCC (India) received multiple work orders aggregating to approximately ₹345 crore. The largest component includes a project management consultancy assignment from IIT Mandi for campus infrastructure development, covering academic buildings, residential units, and student facilities. Additional maintenance work orders were also awarded.
Media, Entertainment and Content Partnerships
Saregama India
Saregama India entered into a strategic partnership with Bhansali Productions through an equity-linked investment. The company acquired compulsory convertible preference shares valued at ₹325 crore, laying the groundwork for a deeper collaboration spanning film, OTT content, music rights, and live entertainment. Subject to conversion terms and future tranches, Saregama may increase its stake to a majority position by 2030.
Pharmaceutical and Healthcare Updates
Glenmark Pharmaceuticals
Glenmark Pharmaceuticals, through its subsidiary Glenmark Specialty S.A., entered into an exclusive licensing and distribution agreement with China-based Hansoh Pharmaceutical Group for Aumolertinib, a third-generation EGFR inhibitor used in the treatment of non-small cell lung cancer. The agreement includes upfront payments, milestone-based considerations, and tiered royalties, reflecting the global commercial potential of the therapy.
Sequent Scientific
Sequent Scientific announced changes to its senior leadership team, appointing Haribabu Bodepudi as Managing Director and Group CEO for a two-year term. The company also restructured its executive roles within the animal health business and approved the appointment of a new Chief Financial Officer effective January 2026.
Technology, Electronics and Semiconductor Ecosystem
Kaynes Technology India
Kaynes Technology’s subsidiary, Kaynes Semicon, entered into strategic partnerships with Japan-based AOI Electronics and Mitsui & Co. These collaborations aim to strengthen the company’s upcoming semiconductor manufacturing operations in India, spanning technology transfer, supply chain integration, and manufacturing expertise.
HCL Technologies
HCL Technologies partnered with NSE Academy to roll out joint certification programs covering technology and finance. The programs are designed to build future-ready skills across banking, insurance, capital markets, and fintech, targeting learners across India and the Middle East and South Asia region.
Protean eGov Technologies
Protean eGov Technologies approved the acquisition of a minority stake in NSDL Payments Bank through a cash-based equity investment. The move aligns with the company’s broader digital
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