Indian Firms Scan Steels, OnMobile Plan Growth & Fundraising
By Sivam
Scan Steels and OnMobile Global announce expansion and fundraising plans, signaling robust corporate activity in India. Asian markets closed mixed.
Indian Firms Drive Corporate Activity
Indian companies are buzzing with strategic moves as Scan Steels and OnMobile Global announce significant plans for expansion and fundraising. This signals a ramp-up in corporate activity within the domestic market.
Growth & Fundraising Initiatives
- Scan Steels: The Board of Directors met on June 19, 2026, approving participation in investor meets and discussions on proposed expansion and growth initiatives.
- OnMobile Global: A board meeting is scheduled for June 24, 2026, to consider issuing Non-Convertible Debentures (NCDs) via private placement in multiple tranches.
Other Key Corporate Updates
- Health X Platform: The company released the transcript of its earnings call from June 12, 2026, detailing performance for the quarter and year ending March 31, 2026.
- Brahmaputra Infrastructure: Management is set to attend the GIA Flagship Conference 2026 in Mumbai on June 24, 2026.
Asian Markets Settle Mixed
Globally, Asian markets concluded Friday’s trading with mixed results amidst thin trading volumes. Japanese shares saw marginal gains after May’s inflation gauge held steady at 1.4%.
However, a cautious sentiment prevailed due to the postponement of US-Iran ceasefire talks and expectations that central banks, including the Federal Reserve, will continue raising interest rates to combat inflation.