Friday, September 20, 2024

Money & Banking

Stocks to Watch: Paytm, Dalmia, ICICI Bank, Tata Motors, HCL Tech

Stocks to Watch: Paytm, Dalmia, ICICI Bank, Tata Motors, HCL Tech

One ninety seven Communications: The board of One ninety seven Communications Ltd, the operator of the country`s biggest virtual bills company Paytm,

will meet nowadays to take into account a percentage buyback notion after the fintech firm’s inventory misplaced three-quarters of its fee given that its preliminary public imparting closing year.

Paytm administrators are predicted to take a name at the variety of stocks the fintech agency will probably repurchase and at what price.

Dalmia Bharat/Jaiprakash Associates: Debt-weighted down Jaypee Group has agreed to promote its cement commercial enterprise to Dalmia Cement (Bharat) Ltd at an employer fee of ₹5,666 crore, the agency stated.

Jaypee has been seeking to lessen debt after SBI initiated insolvency lawsuits towards it for failing to settle dues of ₹6,892 crore. It has signed a binding framework settlement with Dalmia to promote its cement, clinker, and energy plants, that have a cement potential of 9.four million mtpa, clinker potential of 6.7 mt, and thermal energy potential of 280 mW.

ICICI Bank: On Monday, the personal zone lender ICICI Bank introduced that it has raised ₹5,000 crore via long-time period bonds at a discount of 7.63% p.a. payable yearly and had been issued at par.

The bonds might be indexed withinside the applicable section of the NSE, and the bonds are rated “CARE AAA; Stable” through CARE Ratings Limited, “CRISIL AAA/Stable” through CRISIL Ratings Limited and “[ICRA]AAA (Stable)” through ICRA Limited, stated the financial institution in a inventory alternate filing.

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