Route Mobile, HCL Tech, RIL, Bharti Airtel, Bank of India


Here is a list of the top ten stocks likely to make the news on Monday:

HCL Technologies: HCL Technologies has announced its intention to acquire DWS Limited, a leading Australian IT, business and management consulting group. “The transaction is expected to close in December 2020, subject to closing conditions, including regulatory approvals,” the company said in a regulatory filing.

Mobile route: The cloud communications service provider will debut on the stock exchange today. The final issue price was set at 350 per share. Route Mobile’s IPO received 74.36 subscribers.

Telecommunications companies: The number of internet subscribers in India rose to over 743 million at the end of March 2020, recording a growth rate of 3.4% sequentially, according to data from Trai. Reliance Jio led the chart with 52.3% overall market share, followed by Bharti Airtel (23.6% share) in the quarter ended March 2020. Vodafone Idea occupied the third position as its market share Internet subscriber base was 18.7%, base period.

Essel Propack: The world‘s largest alternative asset manager, Blackstone, on Friday sold 23% of the capital of Essel Propack, one of the largest manufacturers of laminated tubes used primarily by consumer and pharmaceutical companies, for a little more 1,860 crore through open market transactions.

RITES: The board of directors of public company RITES Ltd has approved the repurchase of 96.98 lakh shares, representing 3.88% of total equity, with a par value of 10 each to 265 per share, which corresponds to the total amount of the repurchase not exceeding 257 crore.

Future businesses: The company has defaulted on its commercial paper debt, he said on Friday. Future Enterprises Ltd is unable to meet its obligations with respect to the payment of commercial paper after its maturity and the amount of gross principal on which the default occurred on September 14, 2020 is 90 crore, he said.

DHFL: Dewan Housing Finance (DHFL) has issued a formal demand notice for overdue payments 112 crore from Pune-based Landscape Realty and its guarantors, which include entities and individuals related to 187-year-old PNG Jewelers, a popular chain of gold retail stores.

Amber companies: The company acquired 9,000 shares with a par value of 1000 each comprising 20% ​​of the share capital of Sidwal Refrigeration Industries Private Limited. “By virtue of the aforementioned acquisition of the shares of Sidwal, Sidwal has become a wholly-owned subsidiary of Amber Enterprises India Limited with effect from September 18, 2020,” he said in a stock exchange filing.

Bank of India: The State Bank of India announced on Saturday that it had received the notice from shareholders for raising up 8,000 crore through various modes, including issuance of equity shares.

GNP: The state-owned National Bank of the Punjab (PNB) said on Friday that Kazakhstan’s financial regulator had revoked its partner’s license for failure to meet prudential and other mandatory standards.

PSB: Public sector banks (PSBs) have reported fraud worth more than 19,964 crore in total 2,867 cases in the April-June quarter of the current fiscal year, according to a response to a query from RTI. Of the 12 PSBs, the SBI reported the maximum of 2,050 fraud cases involving 2325.88 crore in April-June 2020.

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