Let's catch up on the latest news from the stock market. From significant investments to major deals and order wins to fund-raising activities, here's a quick look at which stocks will be in focus in today's trade.
Stocks To Watch
FSN E-Commerce Ventures (Nykaa)
Harindarpal Singh Banga, a pre-IPO investor in Nykaa, is likely to sell up to a 1.4% stake in the beauty and personal care platform, according to CNBC-TV18 sources. The stake sale is expected at a floor price of Rs 198 per share. Harindarpal Singh held a 6.4% stake in Nykaa as of the end of the June quarter.
Ambuja Cements
Promoter group entity Holderind Investments has launched a block deal to sell a 2.84% stake in Ambuja Cements for $500 million, according to multiple sources cited by Moneycontrol. The floor price for the block deal is Rs 600 per share, which represents a 5% discount to the last closing price of Rs 631.80 per share on August 22.
Wipro
Rizing Management LLC, a step-down subsidiary of the IT company, has been voluntarily liquidated effective August 21. Meanwhile, John Lewis Partnership (JLP) has selected Wipro to transform and modernize its IT infrastructure.
Bharti Airtel
Following the company’s appeal to the Commissioner (Appeals), Central Goods and Services Tax Appellate Authority, Delhi, the said Appellate Authority has passed an appeal order reducing the GST demand to Rs 194 crore. The total demand originally assessed by the GST Department was Rs 604.66 crore.
Bandhan Bank
The bank has launched "Avni," an exclusive savings account for women. Additionally, it has launched an enterprise-wide loyalty program called Bandhan Bank Delights, where customers can earn reward points known as "delight points." These points can be redeemed for purchases, along with exclusive offers.
SBI Life Insurance Company
The Deputy Excise and Taxation Commissioner, Rohtak, Haryana, Department of Goods and Services Tax, has raised a demand for GST, along with applicable interest and a penalty of Rs 239.27 crore on SBI Life for FY20.
RailTel Corporation of India
The company has received a work order worth Rs 52.66 crore from the Uttar Pradesh Police Recruitment and Promotion Board.
Adani Power
The National Company Law Tribunal, Hyderabad, has approved the company’s resolution plan for the acquisition of Lanco Amarkantak Power, which is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. The upfront payment for the acquisition is Rs 4,101 crore.
Zomato
Zomato has announced the immediate shutdown of its Intercity Legends service, which offered iconic dishes from 10 cities across India to other parts of the country, two years after its launch.
Bharat Forge
The company will invest Rs 105.45 crore in its subsidiary Kalyani Powertrain by subscribing to 10,54,50,000 equity shares. Kalyani Powertrain is engaged in the EV and e-mobility solutions space.
Spandana Sphoorty Financial
The board of directors of the company will meet on August 27 to consider the issuance of non-convertible debentures on a private placement basis.
Jain Irrigation Systems
The company has developed a Tissue Culture protocol for coffee varieties and has signed an MoU with the Coffee Board of India for the commercial release of advanced high-quality, disease-resistant coffee plants to growers.
Bulk Deals
Alkem Laboratories
Promoter entity Samprada & Nanhamati Singh Family Trust sold a 0.71% stake in the pharma company at an average price of Rs 5,732.15 per share.
Eris Lifesciences
Emerald Investments, an affiliate of ChrysCapital, has exited the pharma company by selling its entire 7.27% stake at an average price of Rs 1,201 per share. However, Infinity Partners was the buyer.
Kalyan Jewellers India
Foreign investor Highdell Investment sold a 6.45% stake in the jewellery retailer at an average price of Rs 539.1 per share. However, Motilal Oswal Mutual Fund, Nomura India Investment Fund Mother Fund, the Government of Singapore, Nomura Funds Ireland Plc Nomura Funds Ireland India Equity Fund, and TCSBL as Trustee for Global New Generation Stock Fund collectively acquired a 5% stake in the company at an average price of Rs 539.1 per share.
NIIT
Promoters Pawar Family Trust and Thadani Family Trust bought the entire 2.62% shareholding of foreign portfolio investor Hornbill Orchid India Fund in NIIT at an average price of Rs 118 per share.
PNB Housing Finance
The Government of Singapore bought an additional 0.6% stake in the housing finance company at an average price of Rs 866.05 per share. However, Asia Opportunities V (Mauritius) sold a 3% stake in the company at an average price of Rs 866.7 per share.
Stocks Turn Ex-Dividend
Oil and Natural Gas Corporation, ABB India, Federal Bank, Indian Railway Catering and Tourism Corporation, LIC Housing Finance, AK Capital Services, Astra Microwave Products, Bhageria Industries, Bhatia Communications & Retail, Crest Ventures, Crestchem, Deepak Spinners, Dynacons Systems, Everest Kanto Cylinder, Gujarat Ambuja Exports, Gandhar Oil Refinery, Godfrey Phillips, Gujarat Hotels, Insecticides India, IL&FS Investment Managers, KFin Technologies, KP Energy, Kronox Lab Sciences, Kuantum Papers, Vedant Fashions, Max Healthcare Institute, Mayur Uniquoters, Meera Industries, Natco Pharma, Nicco Parks, RJ Shah, Rashi Peripherals, Surya Roshni, TAAL Enterprises, Upsurge Investment, Venky's India, The Yamuna Syndicate
Stock Trades Ex-Date for Buyback
Mayur Uniquoters
Stocks Trade Ex-Date for Rights
Akshar Spintex, Dhyaani Tradeventtures
F&O Ban
Chambal Fertilisers and Chemicals, Indian Energe Exchange, RBL Bank, Aarti Industries, Aditya Birla Fashion and Retail, Birlasoft, GNFC, Granules India, Hindustan Copper, India Cements, LIC Housing Finance, NALCO, Piramal Enterprises, Sun TV Network
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