Stocks in the news: Vodafone Idea, Tata Power, Vedanta, NBCC, FRL and Elantas Beck

Stocks in the news: Vodafone Idea, Tata Power, Vedanta, NBCC, FRL and Elantas Beck

Nifty futures on the Singapore Exchange traded 14 points, or 0.09 per cent, lower at 14,932 in signs that Dalal Street was headed for a positive start on Friday. Here are a few stocks which may buzz the most in today’s trade:

Vodafone Idea:
Debt-ridden telecom firm on Thursday announced foray into integrated Internet of Things (IoT) space for enterprises segment as it looks to transform itself from a traditional connectivity service provider to a technology company.

Tata Power: The power company said its total outstanding borrowing stood at Rs 16,504.41 crore at the end of March 31. The company made the disclosure in a filing to the BSE.

Vedanta: Metals and mining magnate Anil Agarwal will see his stake in flagship Vedanta increase to 65.2 per cent from the existing 55.1 per cent, if he accepts all the shares tendered by minority shareholders in the open offer that closed on Wednesday.

Future Retail: Amazon has moved the Supreme Court challenging the Delhi High Court’s division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to


NBCC: State-owned NBCC and Mumbai-based Suraksha group have submitted revised bids to acquire debt-laden

through the insolvency process, as per the direction of the Supreme Court.

Dhanlaxmi Bank: Private sector lender witnessed over 7 per cent year-on-year growth in its total deposits during the financial year ended March 2021, while advances rose over 4 per cent.

Reliance Industries: RIL said its promoter and promoter group plan to move the Securities Appellate Tribunal(SAT) against the Sebi order imposing Rs 25 crore penalty on them.

Beck: Gujarat Pollution Control Board (GPCB) has granted a further extension of six months to the revocation of the closure order, issued to the company’s manufacturing plant in Gujarat. The company will shortly represent to GPCB for permanent revocation of the closure order through completion of all the necessary actions, the company said in a BSE filing/

Timex Group:

said it is in receipt of an anonymous whistleblower complaint. The anonymous communication contains allegations in relation to the operations of the company. The company’s audit committee has initiated a fact finding exercise into the allegations through an independent law firm.

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