Stocks to watch: Reliance Industries, Zee, Yes Bank, Dish TV, ITC

Reliance IndustriesSovereign wealth funds including Singapore’s GIC Holdings Pvt Ltd, Abu Dhabi Investment Authority and UAE’s Mubadala Investment Company are looking to invest in the clean energy arm of Reliance Industries Ltd. In June, Reliance Industries (RIL) unveiled 75,000 crore push into clean energy over three years through the unit Reliance New Energy Solar Ltd.

zee entertainmentZee Entertainment Enterprises (Zee) and Sony Pictures Networks India are close to signing definitive agreements for the merger of the two companies. Final negotiations have been completed and the deal could be done in the early hours of December 22, the last day of the three-month due-diligence window, announced by the two companies by signing a non-binding term sheet.

ITC Limited: increased its stake to 27.34% in Delectable Technologies, a company that operates the Azgo app and vending machines selling snacks and other fast-paced consumer goods. ITC acquires 1,964 compulsorily convertible preference shares in third tranche Each of the 10 captivating technologies.

Indian OilIndian Oil Corporation has acquired around 5% stake in Indian Gas Exchange Limited. IOC joins the likes of oil and gas explorer ONGC, gas utility GAIL Torrent Gas Pvt Ltd and Adani Total Gas Ltd, who have already acquired 5% equity in each. IGX.

Yes Bank: The private lender has got board nod to raise 10,000 crore from the market. The Board of Directors of the Bank in its meeting has approved raising funds by issuing equity shares, depository receipts, convertible bonds, debentures, warrants, any other equity linked securities, subject to necessary approvals from the shareholders and regulators. said.

dish tvThe Securities and Exchange Board of India has settled a case of alleged insider trading against Direct Media Distribution Ventures, the corporate promoter of Dish TV India. It was alleged that he had violated the provisions of prohibition of insider trading norms. The order has been given after the regulator’s investigation into the scrips of Dish TV during January-February 2019.

Reliance Infra: Delhi High Court to hear an execution petition filed by Delhi Airport Metro Express Pvt Ltd. Ltd. (DAMEPL) directed the Delhi Metro Rail Corporation (DMRC) to pay the amount won in the arbitration dispute. Under a Supreme Court order, DMRC will have to pay Anil Ambani’s Reliance Infrastructure Ltd-owned DAMEPL, almost an arbitral award. 7,200 crores.

MOILShareholders of MOIL have approved the proposal to buy back over 3.38 crore equity shares. In a filing to the exchanges, MOIL said that the buyback committee of the company’s board of directors has fixed Friday, December 31 as the record date for determining the eligibility and names of eligible shareholders/beneficiary owners for the offer.

mapmyindia: Fidelity Investment Trust and Goldman Sachs Funds acquired 1.3% in CE Info Systems, widely known as MapMyIndia, through an open market transaction on December 21. Fidelity Investment Trust Fidelity Series Emerging Markets Fund acquires 3,18,100 equity shares in MapmyIndia 1,404.47 each, and Goldman Sachs Funds – Goldman Sachs India Equity Portfolio bought 3,76,708 equity shares. 1,392.99 per share on NSE.

India CementsInvestor Radhakishan Damani has increased his stake in India Cements to 22.76 per cent from 21.14 per cent at the end of September quarter. Damani has been increasing his stake in the cement firm since last year. He held 19.89% stake in the company in the March quarter of 2020.