Stocks To Watch Today 23rd August 2022 (Tuesday)

Stocks to watch today 23rd August 2022 (Tuesday) i.e TATA Consultancy Services (TCS), National Thermal Power Corporation Pvt Ltd (NTPC), India Infoline Limited Finance (iifl finance), RBL Bank, TVS Electronics, Lemon Tree Hotels. MEP Infrastructure Developers.

IIFL Finance: The Company announced that the Board of Directors of its IIFL Home Finance subsidiary has approved the allocation of its 53,76,457 equity shares to the Abu Dhabi Investment Authority subsidiary. After such a transaction, the investor will have a 20 percent equity interest in IIFL Home Finanzas. The company received Rs 2,200 crore from the investor for this transaction.

TVS Electronics: The company executed business transfer agreement with GTID Solutions Development Private Limited for acquiring their business and intellectual property rights. With this agreement, TVS enters into mobile POS software solutions and authentication solutions space, offering hardware along with required applications, digital payment solutions, cloud computing software solutions etc. to segments like retail, banks and government. The cost of acquisition is Rs 2.25 crore.

RBL Bank: The private sector lender will be in focus as the board of directors has approved issue of debt securities on private placement basis, upto an amount of Rs 3,000 crore. This is subject to the approval of the members of the bank at the ensuing Annual General Meeting.

NTPC: The power generation company has declared first part capacity of 10 MW out of 20 MW Gandhar Solar PV project at Gandhar, Gujarat, on commercial operation. With this, standalone installed and commercial capacity of NTPC will become 55099 MW, while group installed and commercial capacity of NTPC will become 69464 MW.