Stocks to watch: Reliance, Ola Electric, IOB, Akzo Nobel, Glenmark among shares in focus

From Reliance’s foray into packaged foods to promoter stake monetisation, government divestment, institutional block deals, fresh appointments, big-ticket project orders and strategic tie-ups, Indian corporates remained firmly in focus on Tuesday.
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Reliance Consumer Products Ltd, a subsidiary of Reliance Industries, announced on Tuesday its entry into the packaged foods segment with the relaunch of SIL, a 75-year-old legacy brand. The move marks RCPL’s first comprehensive foray into the foods category, as it seeks to expand beyond its existing FMCG portfolio.

Bhavish Aggarwal on Tuesday undertook a limited monetisation of his personal shareholding to fully release all promoter-level share pledges totalling Rs 260 crore. According to exchange filings, Aggarwal, Co-founder of Ola Electric Mobility Ltd, sold 2.6 crore shares of the company through a bulk deal on Tuesday at an average price of Rs. 34.99, taking the transaction value to roughly Rs. 92 crore. As of September 2025, Aggarwal held a 30.02 per cent stake in the electric two-wheeler maker. “Post the transaction, the promoter group would continue to hold approximately 34 per cent in Ola Electric, among the highest across new-age listed companies. There is no dilution of promoter control or change in the long-term conviction,” said the company in a statement. The statement added that the action was taken to eliminate all promoter pledges, which can introduce avoidable risk and volatility.

Protean eGov Technologies on Tuesday announced that it will acquire a 4.95 per cent stake in NSDL Payments Bank for Rs 30 crore. The transaction is expected to be completed within 60 days from the execution of the agreement, it said.

The offer-for-sale by the Union Government to divest up to 3 per cent stake in Indian Overseas Bank (IOB) opens today. The government proposes to sell up to 38.51 crore (38,51,31,796) shares, or 2 per cent of the base offer size, with an option to sell an additional 19.25 crore (19,25,65,898) shares, representing 1 per cent of the total issued and paid-up equity share capital of the bank, IOB said in a regulatory filing. The issue opens today for institutions and on Thursday for retail investors. At the current market price, the government would be able to garner about Rs 2,100 crore by offloading up to 3 per cent stake in the bank.

Tata AIA Life Insurance Company and Aranda Investments, an affiliate of Temasek Holdings, on Tuesday bought a total of 1.53 crore shares, representing a 1.4 per cent stake, in SBFC Finance for Rs 161 crore from Massachusetts Institute of Technology through open-market transactions. According to the block deal data available on the NSE, Tata AIA Life Insurance Company Ltd bought 82.31 lakh shares, and Aranda Investments Pte Ltd purchased 71.33 lakh shares of SBFC Finance.

Stanley Lifestyles Limited, one of India’s largest integrated super-premium and luxury furniture manufacturers and retailers, has announced the appointment of Venkataramana Seshagirirao Gorti (Venkat) as its Joint Managing Director. With an accomplished professional career spanning more than 34 years, Venkat brings extensive global leadership experience and a proven track record of transforming organisations across diverse industries.

NBCC has received work orders worth Rs 345 crore from the Indian Institute of Technology, Mandi. The PSU consultation major issued a notice to the stock exchange saying that it has secured two separate orders, one worth Rs 332 crore and another worth Rs 12 crore, from the well-known engineering institute.

India’s oldest music label, Saregama, on Tuesday entered into a strategic partnership with filmmaker Sanjay Leela Bhansali’s Bhansali Productions to invest ₹325 crore in the first phase. The RP Sanjiv Goenka Group company has also outlined a plan to acquire a 51 per cent majority stake in the Bollywood movie studio by the financial year 2029-30.

Ahluwalia Contracts (India) has secured an order worth Rs 888.38 crore (including GST) from Bihar State Tourism Development Corporation for the construction and overall development work of Shri Ram Janmabhoomi Tirtha Kshetra, Ayodhya, at Punauradham, the birthplace of Mother Sita, situated in Sitamarhi District (Bihar) – EPC Mode. The order is to be executed in 42 months.

Market buzz has it that Imperial Chemical plans to sell a 9 per cent stake in Akzo Nobel, worth Rs 1,290 crore, via a block deal. The buzz is that the floor price has been set at ₹3,150 per share, a 13.1% discount to the current market price.

Glenmark Pharmaceuticals has entered into an agreement with China’s Hansoh Pharma to commercialise a drug indicated for the treatment of non-small cell lung cancer in various global markets. Glenmark Specialty SA, a wholly owned subsidiary of the company, has entered into an exclusive licence, collaboration and distribution agreement with Hansoh Pharma for Aumolertinib, a third-generation epidermal growth factor receptor tyrosine kinase inhibitor, the pharma major said in a disclosure to the stock exchanges.

Published on December 17, 2025