At 08:01 AM, the GIFT Nifty futures were trading 26.50 points, or 0.11% higher at 25,004.50. As per publicly available information, this implies NIFTY50 will open 44 points lower on Thursday, August 29.
Here is a list of stocks that may remain in focus today.
RIL:
Reliance Industries shares will be closely tracked by market participants today as the company will hold its forty-seventh AGM (post-IPO) of its members today. The event will be held through video conferencing or other audio-visual means, the company said in a stock exchange filing.
Besides, shares will also be on investors' radar as the Competition Commission of India on Wednesday approved the merger of the media assets of Reliance Industries and Walt Disney Co. to create the country's largest media empire worth over ₹70,000 crore.
Titan Company: Diamond miner De Beers has partnered with Tanishq to promote natural diamonds in India. The two companies said in a joint statement they had agreed to a long-term strategic collaboration to educate Indian consumers, build confidence in natural diamonds, and promote their use.
Vedanta: The company's board will meet on September 2, 2024, to consider and approve the third interim dividend on equity shares, if any, for the financial year 2024-25.
Paytm: Fintech firm
One97 Communications, the owner of the Paytm brand, has received the government's approval for downstream investment in wholly owned subsidiary Paytm Payments Services Ltd, a regulatory filing said on Wednesday.
The company will reapply for a payment aggregator (PA) licence, it said.
IndiGo: As per news reports, InterGlobe Aviation's promoter and co-founder Rakesh Gangwal is likely to sell up to $850 million worth of his stake in IndiGo through block deals. According to CNBC-TV 18, the indicative price for the stake is set at ₹4,593 per share, reflecting a 5.5% discount to the last traded price, according to multiple people familiar with the development.
This sale will be subject to a 150-day lock-in period for the next tranche of the sale.
Lemon Tree Hotels: The company has signed a license agreement viz. Lemon Tree Hotel, Ujjain, Madhya Pradesh. The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, and is expected to open in FY 2027. This hotel will feature 72 well-appointed rooms, a restaurant, a bar, a swimming pool, and other public areas.
Tata Steel: Tata Steel on Wednesday said it has acquired about 178 crore additional equity shares of T Steel Holdings Pte Ltd for USD 280 million, taking the total fund infusion into its Singapore-based arm to USD 1,337 million.
PB Fintech: As per news reports, Tencent Cloud Europe is likely to sell a 2.1% stake (9.7 million shares) in the company via block deals today. The floor price for the deal is seen at ₹1,660.2 per share, a 4.5% discount to CMP, reported CNBC-TV 18.
Welspun Living: As per news reports, the company's promoter is likely to sell a 4.6% stake in
Welspun Living via block deals. The floor price is seen at ₹197 per share, a 5% discount to the last traded price. There will be a 180-day lock-in period.
NLC India: NLC India Limited, a Navratna Government of India enterprise under the Ministry of Coal, has signed a Power Usage Agreement at Hyderabad with Telangana State DISCOMs for 200 MW of solar power at a competitive price under the CPSU scheme for 25 years. NLCIL's Solar Project is set to generate around 1,300 crore units of green power and offset 90 lakh tons of carbon emissions in its lifetime, the company said.
KEC International: The company has secured new orders worth ₹ 1,171 crore.
Nalco: An MoU was signed between KABIL and Oil India Ltd on Wednesday with the objective to collaborate in existing and future projects of KABIL with the aim of strengthening and fostering connections in the exploration and exploitation of critical minerals.
Khanij Bidesh India Limited (KABIL) is a joint venture company of the three government enterprises:
National Aluminium Company Ltd. (NALCO), Hindustan Copper Limited (HCL), and Mineral Exploration & Consultancy Limited (MECL), under the aegis of the Ministry of Mines, Government of India.
.png)
