Stocks to watch: Bharti Airtel, Vodafone-Idea, Yes Bank, NTPC and more

Amid weak global signals, the main Indian indices BSE Sensex and NSE Nifty 50 are anticipated to open down. These stocks are the ones to watch on Monday, December 12.

According to SGX Nifty, Indian benchmark indices are anticipated to open on a quiet tone. Nifty futures were trading 31 points, or 0.17%, lower at the 18559 level on the Singapore Exchange amid weak global cues. The BSE Sensex dropped 389 points to 62,181 during the previous session, while the NSE Nifty 50 dropped 113 points to 18,497. Considering the significance of the upcoming events and data, this week will be crucial.

Uniparts India: On December 12, the company will make its market debut. The fixed issue price per share is Rs 577. Shares of Uniparts India are anticipated to trade at a premium of roughly 10% over the issue price. Due to market consolidation and the fact that the IPO is an offer for sale (OFS), the premium on the grey market has been averaging roughly 10% over the final issue price, according to analysts.

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Vodafone Idea: According to an exchange filing by the telecom operator, Vodafone Idea’s proposal to pay Rs 1,600 crore in debt to equipment vendor ATC Telecom Infrastructure through the issue of equity convertible debt bonds will now take place on February 28 of next year. Due to a lack of communication from the government regarding the conversion of Vodafone Idea’s interest obligations into equity, the two firms have mutually resolved to extend the proposal’s expiration date, which was originally set for December 6.

Bharti Airtel: After receiving a request to convert FCCBs with a principal value of $8.6 million from a select group of FCCB holders, the board members decided to distribute 11.88 lakh equity shares to those FCCB holders at a conversion price of Rs 521 per share.

Yes Bank: Following its conditional clearance, the Reserve Bank of India has given the bank two letters approving its proposed capital-raise plan from the Carlyle Group and Verventa Holdings, an arm of funds controlled by Advent International, the bank notified the exchanges.

IDBI Bank: A senior official from the finance ministry announced on Friday that the government will extend the deadline for possible bidders to submit expressions of interest (EoI) for IDBI Bank until early January because it anticipates greater investor interest in the lender. December 16 was the cutoff date.

NTPC: In Tamil Nadu, the state-owned NTPC Ltd. has started operating its solar photovoltaic plant commercially. The firm said on Saturday that as a result, NTPC Ltd’s standalone installed and commercial capacity increased to 57,801.27 MW and the group installed capacity increased to 70,416.27 MW.

PTC India Financial Services: According to the business, the board of directors has approved new loans totaling Rs. 800 crore for a number of customers. In order to achieve sustainable growth, the organisation is dedicated to doing better in the upcoming quarters.