ITC, Vedanta, banks, telecom stocks, Apollo hospitals



NEW DELHI: Here is a list of the top 10 actions that could be in the spotlight on Tuesday:

ITC Ltd: The cigarette-hotel conglomerate will meet with analysts and institutional investors today for its very first analyst meeting. The meeting comes amid mixed stock market performance and growing investor concern over the company’s growth prospects.

Vedanta Ltd: The company and its affiliates have withdrawn all of their cases over retrospective tax claims from the revenue department to settle an almost seven-year-old dispute with the government.

Bank Securities: Lenders approached the Reserve Bank of India to ask borrowers until March 2023 to meet prescribed financial parameters for loans that were restructured under the Kamath Committee for Covid Stress.

Apollo Hospitals Companies: The promoters of the company will sell 7 lakh shares via a block deal today, liquidating 0.5% of their cumulative stake. The floor price of the shares offered for sale has been set at ??5,050. The action settled at ??5,206.70 each on Monday. The promoter’s stake in Apollo hospitals is expected to drop to 29.32% after the move.

Adani Companies: Billionaire Gautam Adani Controlled Adani Enterprises Paid ??1,103 crore to the state-owned Airports Authority of India (AAI) for taking over its airport assets at Ahmedabad, Mangaluru and Lucknow.

Telecom actions: Telecom operators have asked the Center to compensate them for sending millions of public alerts during disasters and other times, which they say is a costly and resource-intensive exercise. These fall under a common alert protocol, under which the government requires telecommunications operators to broadcast information or awareness messages. Currently, telecom operators do not charge the government or users for such messages.

Greenlam Industries: Said he will invest ??950 crore in 2-3 years for the establishment of its third laminate factory and its foray into the plywood and particle board business. he will invest ??600 crore on machines and ??225 crore on the capacity of the laminate.

Raymond Ltée: The company plans to increase ??100 market crore by issuing non-convertible debentures (NCDs). The company’s board of directors meets on Dec. 17 to review and approve CRSs, according to a file filed with the stock exchanges.

JK paper: The company issued 12,500 non-convertible debentures (NCDs) to raise ??125 market crore on a private placement basis. This is in line with the company’s plan to increase ??260 crore of the market via NTMs.

PB Fintech: The company has approved the incorporation of its wholly owned subsidiary to carry on the business of account aggregator (AA). The AA must be approved by the Reserve Bank of India.

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