Stocks in Focus on December 11: Yes Bank, Vodafone Idea to Oil India; here are the 5 Newsmakers of the Day
However, there were some stocks came in news after the market was closed for trading purposes on the day and can impact the indices when they reopen Wednesday, December 11, 2019.
Domestic Stocks on Tuesday, December 10, 2019, closed with losses of more than 0.6 per cent amid negative cues from global markets. However, there were some stocks came in news after the market was closed for trading purposes on the day and can impact the indices when they reopen Wednesday, December 11, 2019. Here is a list of five such stocks:
Yes Bank: The company on Tuesday said its Board is favourably considering the $50 crore investment offer from Citax Holdings and Citax Investment Group. Besides, it will also continue with a discussion on the binding offer of $120 crore from Erwin Singh Braich/SPGP Holdings. The decision on these fundraising proposals will be taken during the next board meeting but the bank didn't say when the board would meet next. The bank is seeking to raise as much as $200 crore.
Vodafone Idea: The telecom major begins talks to raise $250 crore by selling its assets to Brookfield Asset Management and Edelweiss Group. The optic fibre business will be sold to Brookfield while the data centre to Edelweiss.
Bharti Airtel: DTH (direct-to-home) operations of Airtel and Dish TV may merge in Bharti Telemedia. Bharti Airtel, promoters of Dish TV and private equity firm Warburg Pincus have agreed to merge DTH operations of Airtel and Dish. The move will create the world's largest TV distribution company.
Bharti Infratel: The company's board on Tuesday declared the second interim dividend of Rs2.75 per equity share of Rs10 each for the financial year 2019-20.
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Oil India Ltd: The state-run Oil India may pitch to take full control of Numaligarh Refinery Limited (NRL), a subsidiary of state-run Bharat Petroleum Corp Ltd. (BPCL). BPCL holds 61.75% stakes in NRL, while Oil India has control on 26% stakes and remaining 12.35% stakes lies with Assam Government.