Stocks to Watch: Indian Overseas Bank, Ola Electric Mobility, NBCC, Akzo Nobel and more

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Indian Overseas Bank | The government of India, through the Department of Financial Services, announced an offer for sale of up to 3% equity in Indian Overseas Bank through the stock exchange mechanism. The base offer consists of 38.51 crore equity shares, representing 2% of the bank’s paid-up equity share capital. The offer includes a green shoe option of up to 19.26 crore equity shares, representing an additional 1%, taking the total offer size to 57.77 crore equity shares, or 3% equity.

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Ola Electric Mobility | Bhavish Aggarwal, Co-Founder of Ola Electric Mobility Ltd, sold 2.6 crore shares, representing a 0.6% stake in the company, through a bulk deal. The shares were sold at an average price of ₹34.99 per share, bringing the total deal size to ₹92 crore. As of September 2025, Bhavish Aggarwal held a 30.02% stake in Ola Electric.

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Saregama India | The company said it has entered into a strategic partnership with filmmaker Sanjay Leela Bhansali’s Bhansali Productions Pvt Ltd, anchored by an equity investment by the music and entertainment company. The deal brings together Bhansali Productions’ film and OTT content capabilities with Saregama’s music and live events business, as the company sharpens its focus on partnerships rather than in-house film production.

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NBCC India | State-owned company said it has received work orders in the ordinary course of business with an aggregate value of approximately ₹345.04 crore, excluding GST. The company has been awarded a project management consultancy assignment by the Indian Institute of Technology, Mandi, valued at about ₹332.99 crore. The scope of work includes planning, design and development for the construction of academic blocks, 2 BHK and 3 BHK housing, a student activity centre including a sports complex, and other related works at the IIT Mandi campus in Kamand, Himachal Pradesh.

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Ahluwalia Contracts | Construction firm said it has secured a construction order worth ₹888.38 crore, including GST, from Bihar State Tourism Development Corporation Ltd. The order involves construction and overall development work of Shri Ram Janmabhoomi Tirtha Kshetra at Punauradham, the birthplace of Sita, located in Sitamarhi district of Bihar. The project will be executed under the EPC mode and falls under civil construction works.

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Akzo Nobel India | Imperial Chemical Industries is likely to sell up to a 9% stake in Akzo Nobel India Ltd through a block deal, sources in the know told CNBC-TV18. The offer size is pegged at ₹1,290.6 crore, with a floor price of ₹3,150 per share, sources close to the development said. The floor price represents a discount of 13.1% to the current market price, the sources added.

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Glenmark Pharmaceuticals | Drugmaker said its wholly owned subsidiary Glenmark Specialty S.A. (GSSA) has entered into an exclusive license, collaboration and distribution agreement with Jiangsu Hansoh Pharmaceutical Group Co, Ltd. for Aumolertinib, a third-generation epidermal growth factor receptor tyrosine kinase inhibitor for the treatment of non-small cell lung cancer.

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Protean eGov Technologies | The company said its board of directors approved the acquisition of a 4.95% equity stake in NSDL Payments Bank (NSDL PB) through an equity investment of ₹30.2 crore. The transaction will be completed in a single cash-based equity subscription and is expected to be finalised within 60 days from the execution of the agreement. The acquisition involves 93,74,014 equity shares of NSDL PB.

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Reliance Industries | Reliance Consumer Products announced its entry into the packaged foods segment with the relaunch of legacy brand SIL as its flagship offering in the category. The FMCG arm of Reliance Industries said the relaunch of the 75-year-old brand marks its comprehensive foray into the foods segment, starting with a portfolio spanning noodles, jams, ketchups, sauces and spreads.