Stocks to Watch: ICICI Bank, Biocon, PNB, 3i Infotech, SpiceJet, Coal India
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NEW DELHI :
Here’s a list of top ten stocks that may be in news on Tuesday:
ICICI Bank: Country s largest insurer Life Insurance Corporation (LIC) has sold 2% stake in private sector lender ICICI Bank through open market transactions. The insurer sold 13.8 crore shares, representing 2.002% stake of ICICI Bank, over a period of November 27 to December 24, 2020, the bank said in a regulatory filing.
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Nifty futures on the Singapore Exchange traded 56 points, or 0.40 per cent, higher at 13,944, in signs that Dalal Street was headed for a positive start on Tuesday. Here are a few stocks which may buzz the most in today s trade:
Axis Bank: Axis Bank is pruning its overseas operation as part of a strategy of focusing Indian market. It closed branches in Shanghai and Colombo last month while it is in the process of winding up Hong Kong Branch, senior bank officials said. It is also looking to surrender its UK banking subsidiary license and close operations by April 2021.
Stocks in news: Coal India, NTPC, Lupin, Biocon, HDFC Bank, SBI Life
Stocks to watch today on December 29: Coal India, NTPC, Lupin, Biocon, HDFC Bank, SBI Life among others are the top stocks to watch out for in Tuesday s trading session
BusinessToday.In | December 29, 2020 | Updated 09:27 IST
Stocks to watch today on December 29
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Tuesday s trading session based on latest developments.
NTPC: Company on Monday said its Dulanga coal mine is commercially operational from October 1, 2020.
Lupin: Company on Monday said it has launched Meloxicam capsules, used for treating osteoarthritis (OA) pain, in the US market.
/Proposed sale of 33.12% equity shares of Prime Focus by Credit Suisse to PFL’s promoters is blatant abuse: RCAP Group
Proposed sale of 33.12% equity shares of Prime Focus by Credit Suisse to PFL’s promoters is blatant abuse: RCAP Group
By IANS| Published: 28th December 2020 3:35 pm IST
Mumbai, Dec 28 : The proposed sale of 33.12% equity shares of Prime Focus Ltd. (PFL) by Credit Suisse (CS) to the PFLs promoter group at Rs 44.15 per share is a blatant abuse of the purported rights by CS under certain lending agreements with RCAP Group.
A RCap statement said the proposed sale is being attempted privately and clandestinely between 2 foreign entities, without any open, fair and transparent process being conducted to realise the true value of the shares and disregarding basic norms of conflict of interest.
Promoters of Prime Focus launch mandatory open offer after CS deal
December 28, 2020
With Credit Suisse signing pact to sell pledged shares, Anil Ambani group raises red flag
RCAP group will seek judicial and regulatory intervention to protect the interests of lenders and shareholders of Prime Focus Ltd (PFL) and Reliance Capital Ltd with respect to the stake sale of Credit Suisse (CS) to PFL promoters.
Mandatory open offer
Following the agreement with Credit Suisse, the promoters have made mandatory open offer to the public shareholders of PFL. In a notice to the stock exchanges, Prime Focus said acquirers have made open offer for up to 8.24 crore shares, representing 26 per cent of the expanded voting share capital.