ITC said the scheme involves demerger of the demerged undertaking comprising the Hotels business of the demerged company into the resulting company on a going concern basis and in consideration.
IDBI Bank (Rs 5,479 crore), Bharti Airtel (Rs 4,168 crore), State Bank of India (Rs 3,803 crore), Larsen & Toubro (Rs 3,725 crore) and Tata Consultancy Services (Rs 3,591 crore) were among stocks that LIC bought in the June quarter.
Stocks to watch this week: A host of stocks would be in focus this week on account of corporate actions and quarterly earnings. SBI, Berger Paints, ZEEL, ITC, BHEL, Karur Vysya Bank, M&M & Lloyds Metals are among stocks to watch this week (August 7-11).