BackStocks to Watch: Yes Bank, SBI, Bharti Airtel, Vodafone Idea, Jet Airways, DHFL
Yes Bank to be dropped from Nifty Bank and Nifty50 Value 20DoT will review the self-assessed adjusted gross revenue dues filed by telcos
PremiumNEW DELHI : Here’s a list of stocks that may be in news in Friday’s trade:
Yes Bank: The Index Maintenance Sub-Committee (IMSC) of NSE Indices Limited has decided to drop Yes Bank from Nifty Bank and Nifty50 Value 20 from 27 March.
State Bank of India: The public sector lender’s executive committee of central board on Thursday approved the purchase of 725 crore shares in private sector lender Yes bank at a price of ₹10 per share. State Bank of India’s shareholding will remain within 49% of the paid-up capital of Yes Bank, according to a notice to the stock exchanges.
Bharti Airtel: The telecom major has acquired a strategic stake in fitness start-up Spectacom Global Pvt Ltd, under the Airtel Start-up Accelerator Program, which focuses on supporting growth of early stage Indian start-ups.
Telecom companies: The Department of Telecommunications will review the self-assessed adjusted gross revenue dues filed by telecom companies and then issue revised demand notices for the balance liabilities.
Jet Airways: The committee of creditors of Jet Airways on Thursday decided to approach the national company law tribunal to seek two months extension of deadline for submission of bids, which expired on Tuesday.
DHFL: The RBI appointed administrator at Dewan Housing Finance (DHFL) has ordered a transaction audit at the non-bank lender after allegations of money laundering surfaced in the aftermath of the regulatory action on Yes Bank, according to a report in The Economic Times.
Tata Group: Tata Sons on Thursday bought shares worth a little over ₹356 crore in Tata Motors DVR, Tata Power, and Tata Steel through open market transactions, as per the bulk deal data on the NSE.
Wockhardt: The capital raising committee of the company will meet 30 March to consider / approve extension of the date of redemption of 16 crore non-convertible cumulative redeemable preference shares of face value of ₹5/- each held by Khorakiwala Holdings & Investments Private Limited.
IL&FS Group: The National Company Law Appellate Tribunal has accepted a fresh distribution framework for Infrastructure Leasing & Financial Services (IL&FS) suggested by the central government and SBI, which had proposed that there should be “fair and equitable" distribution of funds to all creditors.
Automobile companies: Retail sales of passenger vehicles in January declined by just 1.17% year on year to 226271 units, as a result of subdued customer sentiment and current economic slowdown, showed data released by Federation of Automobile Dealers Associations.
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