The government is selling a 2% stake in IRFC at a floor price of ₹91 per share. Indian markets are also watching a ₹208 crore block deal in Delhivery and upcoming board decisions at Yes Bank, alongside corporate updates from Honasa Consumer and Tata Power.
What Happened
Indian markets are seeing several key corporate developments on June 24, 2026. The government has launched an Offer for Sale (OFS) to divest up to 2% of its holding in Indian Railway Finance Corporation (IRFC), with the floor price fixed at ₹91 per share. Simultaneously, investors are monitoring a block deal in Delhivery, fundraising plans at Yes Bank, and a new acquisition by Honasa Consumer. Several utility and energy sector players are also in the news following government directives and fundraising activities.
IRFC Stake Sale
The government's decision to sell a 2% stake in IRFC through an OFS is a significant event for shareholders. An OFS is a mechanism used by listed companies to dilute or sell promoters' stake through the stock exchange. The floor price of ₹91 per share sets a benchmark for the sale. Investors generally track such events as they increase the supply of shares in the market, which can temporarily affect the stock price depending on demand from institutional and retail investors.
Delhivery Block Deal
Logistics firm Delhivery is in the spotlight after a block deal involving Nexus Venture Partners. The investor sold over 43 lakh shares in an open market transaction, valued at approximately ₹208 crore. Block deals of this size often lead to short-term fluctuations in stock price as the market absorbs the supply. Such transactions indicate existing institutional investors adjusting their holdings.
Corporate Strategy And Expansion
Yes Bank’s board is scheduled to meet on June 29 to discuss potential fundraising. The bank's financial strategy, particularly regarding its capital base, remains a key focus for investors. Meanwhile, Honasa Consumer has announced a strategic acquisition, planning to buy a 58% stake in Fluence Pharma. The deal has an enterprise value of ₹135 crore, marking the company’s intent to expand its product footprint.
Energy And Utility Updates
In the energy sector, the power ministry has directed Tata Power to keep its Mundra plant operating at full capacity of 4,150 MW until September. This extension is intended to support stable power supply. Additionally, Power Finance Corporation (PFC) has successfully raised $300 million through US dollar-denominated bonds, a move that provides the company with access to foreign capital for its financing operations. NLC India and Indian Oil Corporation have also formed a joint venture to develop large-scale green energy projects in Tamil Nadu, signaling a collaborative approach to renewable power.
Financial Inclusion Initiative
Swiggy is launching a new initiative in partnership with Zerodha Fund House. This program will allow delivery partners to invest a portion of their earnings into mutual funds through the company’s app, aimed at promoting financial awareness among the workforce.
What To Watch Next
The market reaction to the IRFC stake sale will depend on the subscription levels from institutional investors. For Delhivery, the focus will be on whether the stock stabilizes following the block deal. Investors may also track the outcomes of Yes Bank’s board meeting on June 29, as fundraising decisions often carry implications for equity dilution and financial health.