Stocks to Watch, December 8: ICICI Bank, Biocon, Lenskart, IndiGo, ITC Hotels, Zen Tech, Fino Payments Bank, CEAT

In a statement, British American Tobacco (BAT) said, "The proceeds of the stake sale will be used to progress to within the target 2-2.5x adjusted net debt/adjusted EBITDA leverage corridor (adjusted for Canada) by the end of 2026."

As part of the transaction, Biocon will acquire the remaining stake in Biocon Biologics Ltd from Serum Institute Life Sciences, Tata Capital Growth Fund II and Activ Pine LLP through a share swap, valuing Biocon Biologics at $5.5 billion, the Bengaluru-based company said in a regulatory filing.

The share-swap ratio has been fixed at 70.28 Biocon shares for every 100 Biocon Biologics shares, at a share price of ₹405.78 per Biocon share, it added.

"We would like to inform you that the Company has received an observation letter with 'no adverse observations' from BSE Limited ("BSE") on December 4, 2025," Dabur said in a regulatory filing.

An observation letter from the BSE is a formal document issued to a listed company, usually regarding a significant corporate action like a merger, amalgamation, or restructuring, stating the exchange's review and "no adverse observations" on the proposed scheme, allowing the company to proceed to the next regulatory step.

According to reports, the issue size is expected to be around ₹10,000 crore.

The company's maiden public offering will conclude on December 16, and bidding for anchor investors will take place on December 11, according to the red herring prospectus.

This collaboration brings together three global engineering leaders to jointly design, develop, manufacture, integrate, install, commission, and support a new generation of conventional and autonomous maritime and port cranes to be produced in India, supported by comprehensive after-sales service, spares, and training capabilities, it said.

The S1 Pro+ (5.2 kWh) is the first product to be powered by the company's indigenously manufactured 4680 Bharat Cell battery pack that delivers more range, better performance and enhanced safety.

"Deliveries are now in full swing, and customers are proudly riding India's first scooters powered by our own 4680 Bharat Cell. This is a big moment, not just for Ola, but for India's journey towards becoming a global EV hub," said a company spokesperson in a statement.

With its own battery packs in the vehicles, Ola Electric is now India's first company to fully own the battery pack and cell manufacturing process in-house.

With the revision effective Saturday, the bank's home loan starts from a 7.10% interest rate and the car loan from 7.45%, which is among the lowest in the banking industry, BoM said in a statement.

The projects have been secured through the e-tender process, the company informed the exchanges.

The work includes the collection of user fees at fee plaza sections of highways in Tamil Nadu and Maharashtra, it said on Saturday.

The orders also include upkeep/maintenance of adjacent blocks.

The combined value of the awarded projects is ₹277.40 crore.

HMPL is into renewable energy and building road projects on an engineering, procurement and construction (EPC) basis.

Dilip Buildcon Ltd had emerged as the L-1 bidder for the development and operation of Pottangi bauxite mines.

"...our target is June next year; we will be starting the mines," NALCO CMD Brijendra Pratap Singh said.

The company is set to enhance its alumina production capacity at its Damanjodi refinery in Koraput district, Odisha.

Nalco operates a 2.275 million tonnes per annum (MTPA) alumina refinery at the site and is undertaking the installation of a 5th stream that will add an additional 1 MTPA capacity.

The RPG Group firm garners around 20% of its revenues from exports and expects the contribution to grow over the next few years.

"We are focusing a lot on international growth -- in the US and growth in the EU. Our goal is to become a global brand. We often say that the industry in India can do more to develop and invest more in brands, invest in global growth and so on. So that's one area of focus for us," Goenka told PTI during an interaction.

Besides, the company's board has approved raising up to ₹250 crore through the issuance of unsecured non-convertible debentures in one or more tranches on a private-placement basis.

Bank of India reduced the Repo Based Lending Rate (RBLR) to 8.10% from 8.35%, effective Friday, Bank of India said in a regulatory filing.

Baroda Repo Based Lending Rate (BRLLR) to come down to 7.90% as against the existing 8.15%, BoB said in a separate filing.

The new rate would be effective from December 6, it added.