Share Market News June 20: PNB Housing Finance, Sun Pharma, telecom, other stocks to track on Thursday

L&T shares are all set to trade ex-dividend on Thursday. 

Coal India has awarded 23 closed and discontinued underground mines to private operators on a revenue-sharing model. These mines have a cumulative peak-rated capacity of 34.14 million tonnes per year, with estimated total extractable reserves of 635 million tonnes, according to a statement by the PSU coal behemoth.

State-owned NHAI - responsible for the development, maintenance, and management of national highways in India - is looking to offer 15 road projects worth Rs 44,000 crore covering 937 km under the Build-Operate-Transfer (BOT) mode in the current financial year, according to news agency PTI. 

State-owned oil marketing company Indian Oil Corporation (IOC) has entered a joint venture with biofuels company GPS Renewables to foster sustainable energy solutions in the country.

Sun Pharma Industries has received a warning letter from the US health regulator for its Dadra plant. 

Asia Opportunities Fund and General Atlantic are likely to offload 4.2 per cent in PNB Housing Finance at Rs 773 per share, a discount of 8.2 per cent to the market price, through the block deal route, according to Zee Business. 

Through a block deal, Avaatar Holdings may pare 1.8 per cent stake in the software and consulting company in a deal estimated to be worth Rs 160 crore.

The company's QIP worth Rs 700 crore has been launched with the floor price pegged at Rs 301.31 per share, translating into a discount of 3.4 per cent from the current market price. 

The Madhya Pradesh government has taken action against the company and has suspended its license in child labour case.

Given the strike announced by the company's employees on June 19, production at the company has stopped. Consequently, operations of plants located at Rakholi and Chinchpada remain partially affected.