Shares of Coforge, PNB, Timex, NBCC and others may move on 29 December after updates on a $550m fundraise and Encora buy, a ₹2,434-crore fraud report, stake sale plans and fresh project wins across firms.
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1 / 9Several stocks will be in focus on 29 December amid a mix of corporate developments, including large deal announcements, project wins, fundraising plans and regulatory disclosures. Coforge, NBCC, Punjab National Bank, Timex Group India and Solar World Energy Solutions are among the key names to track.
2 / 9Solar World Energy Solutions has secured an EPC contract worth about ₹725.33 crore from NTPC Renewable Energy Limited for a 250 MWac grid-connected solar photovoltaic project.
3 / 9State-owned Punjab National Bank has reported a borrowing fraud amounting to ₹2,434 crore to the Reserve Bank of India, involving the erstwhile promoters of SREI Equipment Finance and SREI Infrastructure Finance.
4 / 9Timex Group Luxury Watches BV, the promoter of Timex Group India, plans to sell a 4.47% stake through an offer for sale on 29 and 30 December. The offer will involve up to 45.09 lakh equity shares at a floor price of ₹275 per share.
5 / 9Vikran Engineering has accepted letters of award from MP Urja Vikas Nigam Ltd for setting up grid-connected solar power projects with a combined capacity of 45.75 MW (AC) in Madhya Pradesh.
6 / 9NBCC (India) will receive a 21.23-acre land parcel in south Delhi as part of a settlement with the Delhi government. The company plans to develop a mixed-use real estate project on the site, with estimated revenue of about ₹8,500 crore.
7 / 9Coforge has approved raising up to $550 million through a qualified institutional placement. Separately, the company has signed a definitive agreement to acquire a 100% stake in Encora for ₹17,032 crore from Advent International, Warburg Pincus and other shareholders.
8 / 9Great Eastern Shipping has signed an agreement to sell its very large gas carrier Jag Vishnu to an unaffiliated third party. Following the sale, the company’s owned fleet will stand at 39 vessels with a total capacity of about 3.17 million deadweight tonnes.
9 / 9Ceigall India’s subsidiary has received a provisional certificate from the National Highways Authority of India for a highway project in Punjab. The certificate relates to the six-laning of the Jodhpur Romana–Mandi Dabwali section of NH-54. The ₹613.11 crore project has been declared fit for commercial operations from December 22, 2025.
