Top 10 Stocks to watch Today Tata Consultancy Services: Tata | ACEink Official
Top 10 Stocks to watch Today
Tata Consultancy Services: Tata Sons is gearing up to gather over a billion dollars by offloading a portion of its stake in Tata Consultancy Services as the conglomerate ventures into emerging sectors such as semiconductors, e-commerce, and phone assembly. The holding company of Tata group is set to divest up to 23.4 million shares, equivalent to a 0.65% stake in TCS, via block deals.
L&T Finance Holdings: On Monday, the Board of Directors of L&T Finance Holdings Ltd gave the green light to raise up to ₹1.01 lakh crore through the issuance of Non-Convertible Debentures (NCDs) in one or more installments. In a meeting held on March 18, 2024, the Board approved the fund-raising plan, which includes the issuance of various types of NCDs such as subordinated-debt, masala bonds, and perpetual debt.
Aditya Birla Sun Life AMC: Aditya Birla Capital, and Sun Life (India) AMC Investments have given the green light on March 18 for the sale of up to 2.01 crore shares of Aditya Birla Sun Life AMC. This equates to the sale of 7 percent of the firm's issued and fully paid-up equity share capital. The disposal will be executed via an offer for sale (OFS) with the objective of fulfilling the minimum public shareholding requirement of Aditya Birla Sun Life AMC.
Tata Steel: On March 18, Tata Steel announced to the stock exchanges that its UK division has resolved to halt the coke ovens' operations at the Port Talbot facility in Wales due to a decline in operational stability. The company had earlier indicated that several of its heavy-end assets in Port Talbot have reached their end-of-life capability. To counterbalance the move, Tata Steel UK plans to ramp up coke imports, as per the company's statement.
Shriram Finance: In a first-of-its-kind deal, Shriram Finance secured $300 million on Monday through an international transaction model that utilises asset-backed securities (ABS) and offers a lower interest rate than initially projected, thanks to strong investor demand for the debt sold by India's second-largest non-bank lender.
Procter & Gamble India: The manufacturer of packaged consumer goods, declared on Monday that Kumar Venkatasubramanian will take over as the company's new CEO, starting from May 1, 2024. Venkatasubramanian is set to replace LV Vaidyanathan, who, after dedicating 28 years of service to P&G, has decided to leave to explore other opportunities. Vaidyanathan has been serving as the CEO of P&G India since July 1, 2022.
Poonawalla Fincorp: The Pune-based non-banking financial company announced on Monday that it has appointed Arvind Kapil, a senior executive from HDFC Bank, as its CEO. Currently, Kapil holds the position of group head of mortgage banking business at HDFC Bank, overseeing home loans, loans against property (LAP), and the sales business of the former Housing Development Finance Corp (HDFC), which merged with the bank last year.
Veritas (India), Genesys International Corporation: Veritas (India) Ltd, in partnership with Genesys International Corporation Ltd, has been granted a Letter of Acceptance from the Brihanmumbai Municipal Corporation (BMC), accepting of their bid of approximately ₹156 crore for the development, implementation, and maintenance of a 3D city model and change detection using geospatial technology for the Mumbai municipal body.
Religare Enterprises: The Burman family, who own more than 25% of Religare Enterprises Ltd, have raised concerns about the appointment process of Rakesh Asthana, the former Delhi Police commissioner, as a director on the company's board. They argue that this appointment violates listing rules.
