Stocks that will see action today: December 17

The Securities and Exchange Board of India (SEBI) has issued a warning to HDFC Bank over non-compliance with listing regulations. The warning concerns the delay in disclosing the resignation of Arvind Kapil, the Group Head of the HDFC Bank’s mortgage business.

Abu Dhabi Investment Authority (ADIA), the world’s second-largest sovereign wealth fund, is likely to divest a 9.2 per cent stake in Mindspace Business Parks REIT through a block deal valued at ₹1,903 crore, reported CNBC TV-18 citing sources

Zomato informed the exchanges that Hemal Jain, Head- Business Finance, designated as Senior Management Personnel, has tendered her resignation on Monday (December 16) to explore other opportunities. Her last working day will be January 31, 2025.

IT major Wipro has signed a definitive agreement to acquire a 100 per cent shareholding in Applied Value Technologies for $40 million, according to a regulatory filing on BSE. In an all-cash transaction, Wipro is set to also acquire its affiliates Applied Value Technologies Pte Ltd and Applied Value Technologies B.V. (“AVT”), which are part of the Applied Value Group

Indus Tower said the Income Tax Appellat (ITAT) has pronounced an order in favour of the company on denial of depreciation on assets received under merger, disallowance of provision for expenses, amortisation of ARO, provision for SLA Credit, etc. This will result in a reduction of ₹3,500 crore (approx) in contingent liability, Indus Towers said.

Vedanta Ltd on Monday said its board has approved a fourth interim dividend of ₹8.5 per equity share for FY25, amounting to ₹3,324 crore. The company said in a stock exchange filing that the record date for payment of dividend will be December 24. In September, Vedanta had declared its third interim dividend of ₹20 per share. With the earlier pay-outs of ₹11 and ₹4 per share, the total interim dividend paid by Vedanta during the current fiscal is ₹43.5 per share.

The board of Gabriel Pet Straps will meet on December 23 to consider, inter alia, proposal for raising of funds through any or all of various methods, including by way of preferential issue, subject to such regulatory/ statutory approvals as may be required, including approval of the shareholders of the company.

M. Murali, Chairman and Managing Director of Shriram Properties Ltd and one of the promoters of the company, has received an approval from the Securities and Exchange Board of India for acquisition of 13,38,335 shares of Shriram Properties Holdings Private Ltd from Shriram Group Executive Welfare Trust (SGEWT), another promoter entity. As per the SEBI order, this inter-se promoter transfer, implying indirect acquisition of shares in SPL, can be done in one or more tranches within a period of one year from the date of the SEBI order.

The board of Hindustan Construction Company (HCC) has approved the opening of QIP issue on December 16. The HCC board has also approved the floor price for the Issue, as ₹45.27 a share.

RailTel Corporation of India has received the work order from Central Warehousing Corporation forworks amounting to ₹37.99 crore.

PNB GIlts has informed the exchanges that Vikas Goel has tendered his resignation from the position of Managing Director & CEO of the company citing personal reasons. His resignation has been accepted with immediate effect by the board and he will be relieved from the close of business hours of December 23. The board will appoint his successor within the stipulated timeline and intimate the stock exchanges accordingly.

Texmaco Rail & Engineering Ltd has received a significant order for the construction of 132KV transmission lines from Chhattisgarh State Power Transmission Co. Ltd., a government-owned entity. The total order value is ₹187.41 crore and involves the turnkey construction of nine 132KV transmission lines, spanning an estimated 291 km. The project is scheduled to be completed within 15 months. 

Varun Beverages Limited has acquired 39.93% stake in Lunarmech, making it a wholly-owned subsidiary of the company, according to the exchange filing. The acquisition has become effective from December 16, 2024.