Stocks to Watch: Zomato, Maruti Suzuki, SpiceJet, IDFC First Bank

Dec 08 2023 07:27 AM IST
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Svf Growth (Singapore) Pte, part of Japan’s SoftBank Group, will sell a 1.1% stake in food-delivery company Zomato Ltd Friday for an estimated 1,127.5 crore. Dayside Investment, an affiliate of US-based private equity firm Warburg Pincus, on Thursday divested 1.3% stake.
Stocks to Watch: Zomato, Maruti Suzuki, SpiceJet, IDFC First Bank
New Delhi: Following are the stocks that could be in focus on Friday:
: Svf Growth (Singapore) Pte, part of Japan’s SoftBank Group, will sell a 1.1% stake in food-delivery company Zomato Ltd Friday for an estimated 1,127.5 crore, or $135 million, as per the term sheet of the block deal. The floor price of the deal is set at 120.5 per share, a discount of about 1.1% to Zomato’s Thursday closing price of 121.80 on the BSE. : Has received an order for dropping a show-cause notice issued by the Gujarat Goods and Services Tax (GST) Authority in September, demanding 1.79 crore for the period of July 2017 to March 2018 on account of the reconciliation of tax returns filed by the company. : Dayside Investment, an affiliate of US-based private equity firm Warburg Pincus, on Thursday divested a 1.3% stake in private lender IDFC First Bank through an open market transaction for 790 crore. : The cash-strapped, low-cost airline is likely to raise 10 billion to 12 billion rupee in fresh capital to pay pending salaries and revive its grounded fleet of 25 aircraft. The board of the company will meet on 11 December to consider raising capital through an issue of equity shares or convertible securities on a preferential basis. : The Securities Appellate Tribunal has overturned a Securities and Exchange Board of India (Sebi) order restricting IIFL Securities from acquiring new clients. The tribunal also lowered the penalty from Sebi’s initial fine of 1 crore to 20 lakh. : Has signed a master agreement with Small Industries Development Bank of India for co-lending to micro, small, and medium enterprises (MSMEs) borrowers by way of back-to-back assignments of loans and loan portfolios in tranches. : The manufacturer of iron and steel pipes and pellets said the company's board of directors will meet on 14 December to consider raising funds via one or more qualified institutions placement (QIP) of equity shares. : The company signed an MoU with NTPC Vidyut Vyapar Nigam to develop solar projects at its terminals. : Kalyani Strategic Systems, part of Bharat Forge, has proposed acquiring a majority stake in Zorya Mashproekt India, which is engaged in the development of indigenous capabilities for build-ups, repairs, and overhauls of all types of gas turbine engines. : The company Along with IRB Infrastructure Trust (private InvIT) has collectively recorded a toll collection of 437 crore for November, an increase of 19.42% year-on-year. : The electric bus manufacturer has received Letter of Award from Vasai Virar City Municipal Corporation, Mumbai, for supply and maintenance of 40 electric buses. ZOMATO Livemint tops charts as the fastest growing news website in the world to know more.

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