NEW DELHI :
Here is a list of the top 10 actions that could be targeted on Tuesday:
Future Retail, RIL: The Supreme Court asked the NCLT not to pass the final order on the merger of Future Retail Ltd (FRL) with Reliance Retail because it agreed to hear Amazon’s plea against the High Court’s verdict of Delhi on maintaining its single judge directive to maintain the status quo on the deal.
HDFC Bank: The Securities Appeals Tribunal (SAT) stayed an order from the Sebi imposing a fine of ₹1 crore on HDFC Bank for relying on securities pledged by stock broker BRH Wealth Kreators, until further orders.
Tata Communications: The Competition Commission of India (ICC) has approved the acquisition of shares of Tata Communications Ltd (TCL) by Panatone Finvest Ltd. The proposed transaction envisages the acquisition of a stake not exceeding 26.12% by Panatone Finvest Ltd in Tata Communications Ltd (formerly VSNL).
Bharti Airtel: The telecom operator will meet with global bond investors from February 23, 2021 to make the decision on the bond / currency note issuance.
Vedanta: The chief financial officer of the mining conglomerate Vedanta, G R Arun Kumar, has resigned. The company will announce the effective date of Kumar’s release and details of the successor in due course, Vedanta Ltd said in a filing to BSE.
Forge of Bharat: The company has signed a pact with global aerospace and technology company Paramount Group to manufacture armored vehicles in the country.
Edge Info: Online food delivery company Zomato raised $ 250 million (more ₹1800 crore) in funding from Tiger Global, Kora and others, valuing the online food ordering platform at $ 5.4 billion. Info Edge owns a 19% stake in Zomato.
Indiabulls Housing Finance: The company has set the floor price at ₹227.09 per bond for its issue of bonds convertible into foreign currencies. He plans to raise up to $ 200 million through convertible bonds.
IRB infrastructure developers: The company has approved the allocation of aggregated secure DEMs to ₹2,184.55 crore on a private placement basis in India Toll Roads for a term of 7 years at a coupon rate of 9.927% per annum.
Zuari Agro Chemicals: The company’s board of directors has approved the sale of the Goa fertilizer plant and the company’s associated businesses to Paradeep Phosphates Limited (PPL) for an agreed enterprise value of $ 280 million.