Stocks to Watch: Bharti Airtel, IndusInd Bank, Future Retail, Vedanta, Dish TV
Top 10 stocks that may be in news in today s trade. Photo: Ramesh Pathania/Mint
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NEW DELHI :
Here’s a list of top 10 stocks that could be in focus on Thursday:
Bharti Airtel: The Sunil Mittal Company will acquire 20% stake in its direct-to-home (DTH) subsidiary Bharti Telemedia Ltd from a Warburg Pincus entity for ₹3,126 crore, which will be discharged primarily via issuance of 36.47 million equity shares of Airtel at a price of ₹600 per share; and up to ₹10,378 million in cash.
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Nifty futures on the Singapore Exchange traded 51 points, or 0.34 per cent, higher at 15,247 in signs that Dalal Street was headed for a positive start onThursday. Here are a few stocks which may buzz the most in today s trade:
Ambuja Cements: The company will report its December quarter results today.
Bharti Airtel: The telecom operator said it will acquire 20 per cent stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about Rs 3,126 crore.
GIC Re: The government is debating whether reinsurer General Insurance Corporation of India should be divested, people aware of the matter told ET.
Magnum Fincorp: Adar Poonawalla group firm makes open offer to buy additional stake in Magma Fincorp indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Adar Poonawalla-controlled Rising Sun Holdings Pvt Ltd along with two other individuals have made an open offer to buy an additional 26 per cent stake in non-banking financial company Magma Fincorp for a consideration of more than Rs 1,391 crore. Earlier this month, the Poonawalla Group and Magma Fincorp announced that the group will acquire a controlling 60 per cent stake in the company by way of a Rs 3,456-crore-worth preferential issue of shares. Besides Rising Sun, Magma Fincorp will allot preferential shares to two members of the promoter group Sanjay Chamria and Mayank Poddar for Rs 250 crore, taking the total capital infusion in th company to Rs 3,456 crore.