Stocks to Watch, August 22: IDBI Bank, Wipro, HUL, Vedanta, Texmaco Rail, Titagarh, NTPC Green, Enviro Infra, Apollo Hospital

The company had earlier announced a dividend of ₹7 per share in June this year. The first dividend had led to an outflow of ₹2,737 crore.

"The board of directors of Vedanta Ltd at its meeting held today...has considered and approved the second interim dividend of ₹16 per equity share on a face value of ₹1 per equity share for financial year 2025-26, amounting to ₹6,256 crore," the company said in a filing to BSE.

The record date for the payment of the dividend will be August 27, 2025, it said.

Vedanta had announced a total dividend of ₹43.50 per share in the last financial year.

This partnership is in line with the NBFC’s product diversification strategy and makes credit more accessible for consumers in a fast, seamless, and digital manner, L&T Finance said in a statement.

The synergy is poised to not only enhance convenience but also play a pivotal role in advancing digital financial inclusion across India, empowering consumers to fulfil their financial aspirations with responsible credit, it said.

Citing people familiar with the matter, CNBC Awaaz on Thursday, August 21, reported that Reddy will be selling a 1.25% stake in the company. She will sell 18 lakh shares in Apollo Hospitals at a floor price of ₹7,747 per share, the report further stated. It also stated that Morgan Stanley will likely be the broker for the deal.

According to data from the National Stock Exchange on the company's shareholding pattern, Suneeta Reddy holds a 3.36% stake in Apollo Hospitals.

Under the agreement, more than 5,600 DTS employees, including senior leadership, across the Americas, Europe, and Asia, will move to Wipro.

The transaction is expected to be completed by December 31, 2025, according to a regulatory filing.

"Wipro (through its subsidiaries) has signed a definitive agreement to acquire 100 per cent shareholding in Harman Connected Services Inc. and its subsidiaries and certain other assets (collectively, “DTS”) from Harman International Industries, Inc. on August 21, 2025," the filing said.

Gupta will also be a member of the HUL Management Committee and will move into the new role with effect from September 1, 2025, Hindustan Unilever Ltd (HUL) said in a statement.

He will take over from Ritesh Tiwari as Executive Director, Finance & CFO, HUL, and join the board on November 1, 2025, subject to necessary approvals.

Speaking to the media at the sidelines of the industry body Ficci-hosted annual Capital Market Conference here, Chawla also said the government has already collected ₹20,000 crore in the first quarter itself against the ₹47,000 crore asset monetisation target for the current financial year.

"Qualified interested parties have almost completed their due diligence process. All their questions and all their answers have been answered," Chawla said.

He further said that whatever data or details they needed, it has been provided to them, and whatever technical documents are there, they have been prepared.

"Consequent upon successful commissioning, the third part capacity of 49.125 MW out of the 300 MW Khavda Solar Energy Project at Khavda, Bhuj, Gujarat, of NTPC Renewable Energy...is declared on Commercial Operation w.e.f. 00:00 Hrs. of 22.08.2025," the company said in an exchange filing.

The first part, with a capacity of 142.2 MW, and the second part, with a capacity of 32.8 MW, became commercially operational with effect from June 28 and June 30, respectively.

NGEL, an umbrella company for green business initiatives of NTPC, undertakes projects through organic and inorganic routes.

Besides, the board of the company has approved setting up a wholly-owned subsidiary as a Special Purpose Vehicle (SPV) to undertake the cargo city project at the Indira Gandhi International Airport (IGIA) in the national capital.

The proposals were cleared by the board at its meeting held on Thursday.

According to a regulatory filing, the board has given its nod to an enabling resolution for raising funds up to ₹5,000 crore in one or more tranches through the issue of securities, including fully paid-up equity shares and non-convertible debentures.

The company might also look at issuing Foreign Currency Convertible Bonds (FCCBs) to raise the funds, it added.

The 1320 MW Buxar Thermal Power Project (2x660 MW) is located at Chausa, District Buxar, Bihar, and has been implemented by SJVN Thermal Private Limited, a wholly-owned subsidiary of SJVN.

The project is equipped with state-of-the-art supercritical technology, ensuring higher efficiency and reduced environmental impact. With an investment of ₹13,756.56 crore, the project will generate 9,828.72 million units of electricity annually. 85% of the generated power will be supplied to the state of Bihar.