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IKIO Lighting IPO Allotment Link Allotment is out https://ris.kfintech.com/ipostatus/

Stocks in the news InterGlobe Aviation: The low-cost carrier has expanded its codeshare partnership with Turkish Airlines for the US. It will launch codeshare flights to four cities in the US via Istanbul from June 15. The flights will connect New York, Boston, Chicago, and Washington. Jupiter Wagons: NCLT, Kolkata, has approved the resolution plan submitted by Jupiter Wagons for acquiring the controlling stake of Stone India under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016. After implementation of the resolution plan, Stone India will become a subsidiary of Jupiter Wagons. Cochin Shipyard: The Indian Navy has declared the shipbuilding company as L1 (lowest) bidder for the mid-life upgrade of a ship. The estimated contract value of the project is around Rs 300 crore, and it is to be executed in about 24 months. TVS Motor Company: The PI Opportunities Fund-I Scheme-II will acquire additional stock of TVS Credit, the TVS Motor subsidiary, for Rs 257.02 crore. PI Opportunities Fund will hold approximately 9.72 percent stake in TVS Credit, which is raising the proposed investment from PI to ensure sufficient capital for its growth plans. In addition, its subsidiary TVS Motor (Singapore) has agreed to acquire an additional 25 percent stake in Swiss E-Mobility Group (Holding) AG. Info Edge: The technology company has agreed to sell its entire shareholding in associate company Happily Unmarried Marketing (HUM) to VLCC Health Care. The stake sale will be done via a mix of cash and swap of shares, for Rs 61 crore. Steel Authority of India: Life Insurance Corporation of India acquired additional 2 percent stake in the steel company via open market transactions. Thus, LIC has increased its shareholding in SAIL to 8.687 percent, up from 6.686 percent earlier.

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