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4 min read | Updated on June 26, 2025, 08:30 IST
SUMMARY
Stocks to Watch: JSW Steel on Wednesday said it had filed a review petition in the apex court seeking the review of the Supreme Court order rejecting its resolution plan for debt-ridden Bhushan Power and Steel (BPSL).
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JSW Energy’s step-down subsidiary, Energizent Power Private Limited, was awarded the PPA. It involves supplying power for a period of 25 years with a tariff of ₹3.49/KWh to the Inter-State Transmission System (ISTS)-connected 300 MW solar-wind hybrid capacity project in Rajasthan and Andhra Pradesh.
Magnum HoldCo is the holding firm within the new firm formed by the demerger of the ice cream business of Unilever.
The market regulator passed the order after an inspection conducted between February 2021 and September 2022.
In a regulatory filing, the company said it has filed a review petition before the Supreme Court on Wednesday, in relation to the May 2 judgement.
The Supreme Court had on May 2 set aside the resolution plan submitted by JSW Steel for Bhushan Steel and Power Ltd, holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC).
A bench comprising Justice Bela M. Trivedi and Justice Satish Chandra Sharma ordered the liquidation of BSPL under the IBC.
“This is to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 26th June 2025, to inter alia consider and approve the proposal for issue of bonus shares, subject to the requisite approval,” Nestle India said in a regulatory filing dated June 19.
If passed by the board, this will be Nestlé India’s first bonus share issue.
The company on Wednesday said it has secured a ₹535.6 crore contract from a company based in central Africa to supply and maintain over 1,600 freight wagons for bauxite transportation.
The company has been allotted 19,00,00,000 equity shares of Rs 10 each of Jio Payments Bank Ltd, a wholly-owned subsidiary, for cash at par, aggregating Rs 190 crore, JFSL said in a regulatory filing.
The transaction is between the company and its wholly owned subsidiary and hence a related-party transaction, it said.
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