Stock Radar: Archean Chemical, CSB Bank, PI Industries, EMS, JSW Energy, KEC in focus on Thursday

About this update from Archean Chemical Industries Ltd.

Here's a quick look at the stocks that will be in focus in trade on Thursday, covering significant fund-raising activities, major deals, and key appointments announced by companies after market hours on Wednesday:Stocks To WatchArchean Chemical IndustriesIndia Resurgence Fund – Scheme 1 & Scheme 2, and Piramal Natural Resources are likely to sell a 10.13% stake in Archean, reports CNBC-TV18 quoting sources. The floor price is set at Rs 655 per share with a deal size of Rs 818.7 crore.CSB BankFIH Mauritius Investments, which currently holds a 49.72% stake in CSB Bank, is likely to sell a 9.72% stake via a block deal, sources told CNBC-Awaaz. FIH Mauritius Investments is likely to raise Rs 595 crore through the block deal at a floor price of Rs 352.4 per share.PI IndustriesThe company has announced an offer to acquire Plant Health Care Plc for £32.8 million, with a strategic objective to build a differentiated portfolio of integrated solutions for sustainable agriculture.Muthoot MicrofinSadaf Sayeed, CEO of Muthoot Microfin, has been appointed as the Co-Chair of Sa-Dhan, the largest and oldest association of microfinance and impact finance institutions in India. The re-election took place during Sa-Dhan's 26th Annual General Body Meeting.PTC India Financial ServicesThe RBI has approved the appointment of R Balaji as MD & CEO of the company effective June 26.India CementsIndia Cements will be excluded from the F&O segment after the end of the August series.Adani Ports and Special Economic ZoneS&P Global Ratings has upgraded the outlook of the company to Positive from Stable and reaffirmed the ratings at BBB-.Bharti AirtelBharti Airtel has acquired 97 MHz spectrum in 900 MHz, 1,800 MHz, and 2,100 MHz frequency bands through the auction for Rs 6,857 crore.Reliance IndustriesSubsidiary Reliance Jio has acquired 14.4 MHz spectrum in the 1,800 MHz frequency band for Rs 973.62 crore.Vodafone IdeaThe telecom operator has acquired 30 MHz spectrum in 900 MHz, 1800 MHz & 2500 MHz frequency bands for Rs 3,510 croreEMSThe company has received a letter of award for survey, investigation, design, build, operate, and transfer of interception & diversion and treatment works including a 15-year O&M period at Hathras Town, UP under the Namami Gange Programme on DBOT mode. The estimated order value is Rs 119.05 crore, wherein EMS has a 26% share with the other two JV partners....

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