Stocks to watch on December 5: GIFT Nifty traded down 45 points or 0.22 percent at 20,815.5 on NSE IX, indicating that Dalal Street is heading for a negative start on Tuesday. There are several stocks that will be in focus today for various reasons
HCC: Stenier AG, Switzerland, a subsidiary of the Company, has entered into a share purchase agreement with France-based Demathieu Bard to divest its entire equity interest in Steiner Construction SA, Switzerland, a step-down material subsidiary of the Company.
Separately, Baharampur-Farakka Highways Limited (BFHL), as part of subsidiary stake sale transaction, received Rs 110 crore from HCC Infrastructure Company Limited, Hindustan Construction Company Limited’s subsidiary Cube Highways and Infrastructure V Pte. Ltd
Sheila Foam: The statutory auditor of Carlon Enterprises, SR Batliboi & Associates LLP, an affiliate of Sheela Foam, has resigned from his position with immediate effect on December 4, 2023.
Bank of India: The stock may see some moves amid reports that the state-owned bank is preparing to launch a qualified institutional placement (QIP) later this week. QIP could be between Rs 3,500-4,000 crore.
Honasa Consumer: Reports suggest that Fireside Ventures Investment Fund, a venture capital fund, may divest a 1.9 percent stake in Mamarth’s parent company through a block deal on Tuesday.
A block of Rs 230 crore could comprise around 6.1 million shares. The floor price is likely to be Rs 368.7-384.1 per share, a discount of up to 4 per cent to the current market price.
Gulshan Polyols: An amount has been earmarked for the supply of 89,404 kiloliters of ethanol from its 500 KLPD ethanol plant at Boregaon with an estimated order value of Rs 571.5 crore.
Brigade initiatives: has entered into a joint development agreement with land owners to develop a residential project spread over four acres at Kurubarhalli, Mysuru.
The developable area of the project will be around 0.40 million square feet with a gross development value (GDV) of Rs 300 crore.
Maximum Financial Services: Max Life Insurance Company Chairman Analjit Singh has resigned as chairman and member of the board of directors of Max Life with effect from December 4.
HCL Technology: HCL Investments UK, a wholly owned subsidiary of HCL Technologies, has signed a memorandum of understanding with its joint venture (JV) partner, State Street International Holdings, to sell the entire 49 per cent equity stake for $170 million.
RR cable: Income Tax officials completed their search operation at the company’s offices and manufacturing units in the early hours of December 4.
JSW Infrastructure: Arm JSW Dharamtar Port has signed a share purchase agreement with SP Port Maintenance (a Shapoorji Palonji Group company) to acquire 50 per cent plus one share of PNP Maritime for Rs 270 crore.
Mahindra & Mahindra Financial Services: Estimates overall disbursements at around Rs 5,300 crore in November, up 16 percent year-on-year
SpiceJet: The National Company Law Tribunal dismissed a plea by aircraft lessor Willis Lease Finance Corp to initiate insolvency proceedings against the cash-strapped airline.
HCL Tech: HCL tech arm will sell 49% stake in joint venture HCL UK to State Street for $170 million plus net book. The transaction is expected to be completed in the second calendar quarter of 2024.
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