Stocks to Watch, December 2: IRB Infra, HUL, NTPC, NMDC, Bank of Maharashtra, Bajaj Housing, KEI Industries, Raymond Realty

At the current market price, the government would be able to garner about ₹2,600 crore by offloading up to a 6% stake in the bank.

"Offer for Sale in Bank of Maharashtra (BOM) opens tomorrow for non-retail investors. Retail investors can bid on Wednesday. The government offers to disinvest 5% equity in the bank with an additional 1% as a green shoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X.

IRB Infrastructure, in a statement, said it will receive ₹513 crore as 100% equity consideration from the IRB InvIT Fund upon completion of the transfer, and the project debt will also be transferred.

Consequently, IRB’s consolidated net debt-to-equity ratio will see a meaningful improvement, it added.

According to the statement, the company has also agreed to serve as the project manager for the VM7 Project post-transfer to Public InvIT.

On November 14, 2024, Reliance had intimated about the scheme of arrangement for the merger of STPL with Star India, now known as Jiostar India, another subsidiary of the company.

"Jiostar has, on November 30, 2025 at 6:09 pm (IST), informed the Company that the said scheme has become effective from November 30, 2025, and STPL stands merged with Jiostar," Reliance Industries Ltd informed in a regulatory filing.

STPL owns the ‘STAR’ brand and licenses it to group companies.

On October 1, NTPC transferred Chatti Bariatu Coal Mine and Badam Coal Mine, located in Jharkhand, to NML in line with the amended Business Transfer Agreement (BTA) dated September 17.

In an exchange filing, NTPC said Kerandari Coal Mine, located in North Karanpura Coalfields in Hazaribagh, Jharkhand, has been transferred to NML with effect from December 1.

Suri will succeed Srinandan Sundaram, who will take over as CEO of Unilever International, an HUL statement said. The changes will be effective from January next year.

The management committee of HUL, which oversees the operations of the FMCG giant, is led by CEO & Managing Director Priya Nair and includes leaders for various functions and categories.

As of December 1, Bajaj Finance holds 739 crore equity shares, totalling 88.7% of the total paid-up capital. The seller has now proposed to sell a part of its stake.

“Bajaj Finance Limited, the promoter of the Company, has conveyed to us their intention to sell the Equity Shares to enable us to comply with the requirements of minimum public shareholding,” Bajaj Housing Finance said in a regulatory filing.

In the Chhattisgarh sector, monthly production reached 3.58 MT, compared to 3.27 MT in November 2024, while sales were 2.87 MT, marginally lower than 2.90 MT last year. Karnataka operations produced 1.43 MT versus 1.24 MT a year earlier, with sales improving to 1.30 MT from 1.10 MT in November 2024.

This ~2-acre marquee redevelopment marks a significant milestone in the company’s journey. After setting unprecedented benchmarks in Thane with the success of TenX Habitat and The Address by GS, the launch of Invictus by GS, BKC, further bolsters Raymond Realty’s vision to cater to the ultra-luxury segment.

The lump sum consideration paid to PRI is subject to post-closing adjustments in accordance with the terms and conditions set out in the Business Transfer Agreement, according to a statement issued by Tilaknagar Industries Ltd (TIL), which owns brands such as Mansion House Brandy, Courrier Napoleon Brandy, Mansion House Gold Whisky and Blue Lagoon Gin.

"In addition to this amount, a deferred payment of €28 million will be made after four years from the date of closure of the transaction," it said.