Benchmark indices continued positive momentum second day in a row, showing relatively lower volatility compared with the results day. In today\’s trade, shares of Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, Indian Oil among others will be in focus due to various news developments.
Hero MotoCorp
The Board of Hero MotoCorp, the largest investor in Ather Energy, approved the purchase of an additional stake of 2.2% in the electric scooter maker for about Rs 124 crore.
ICICI Bank
Markets regulator Securities and Exchange Board of India (Sebi) has issued a warning to ICICI Bank on the outreach undertaken by the lender regarding the delisting of ICICI Securities.
ITC
Paving the way for the listing of ITC Hotels, shareholders of diversified conglomerate ITC Ltd today approved the demerger of the hotels business.
PB Fintech
Market regulator Sebi has issued a show cause notice to Yashish Dahiya, Chairperson and CEO of PB Fintech in a matter related to investment of $2 million.
Indian Oil
Indian Oil Corp has agreed to amicably settle suit by Welspun Enterprises through a mediation process by Delhi high court.
Allcargo Terminals
Allcargo Terminals inked an MoU with Kences Container Terminal (KCTL) to operate a KCTL’s container freight station at Chennai for business/ capacity expansion.
Tata Chemicals
UK’s Chester Crown Court orders Tata Chemicals Europe to pay GBP 1.1 million of fine for a safety incident which occurred in 2016.
Bajaj Finserv
Bajaj Housing Finance has approved an IPO, which comprises Rs 4,000 crore fresh issue and an offer for sale (OFS) of equity shares.
RVNL
RVNL received a Letter of Award from National Thermal Power Corporation (NTPC) for a Project Execution Agency (PEA) contract worth Rs 495 crore.
Muthoot Microfin
Muthoot Microfin has entered into a strategic co-lending partnership with the State Bank of India (SBI).
Pidilite Industries
Pidilite Industries divested its entire shareholding in an associate company Climacrew.
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