Stocks that will see action on February 2, 2023
SBI, Paytm, Bank of Baroda, IndusInd Bank, HDFC AMC, Tata Power, Divis Labs, Engineers India, India Cements, Intellect Design Arena, InterGlobe Aviation, JK Tyre & Industries, Kansai Nerolac Paints, MaricoManappuram Finance, Shipping Corporation Sun TV, Tube Investments of India, Zydus Lifesciences, Allcargo Logistics, Inox Green Energy, Likhitha Infrastructure The government is likely to sell a part of its residual stake in Hindustan Zinc Ltd by next month to help it achieve the revised sell-off target of ₹50,000 crore for the current fiscal, DIPAM Secretary Tuhin Kanta Pandey said on Thursday. The Hinduja Group is looking to increase its stake in IndusInd Bank to 26 per cent from the existing 16.51 per cent. HDFC Asset Management Company has given an approval and permitted abrdn Investment Management to reduce its shareholding in HDFC AMC to less than 10 per cent by market regulator SEBI. In December 2022, HDFC AMC had received letter from abrdn Investment Management, one of the promoters, intending to sell its entire stake in the AMC . abrdn Investment Management is the co-sponsor of HDFC Mutual Fund. Allcargo Logistics has concluded the deal to sell a part of its logistics parks business to global private equity giant Blackstone, making the company cash positive. Allcargo Logistics said this is in line with the agreement signed earlier, which has now been consummated with the signing of the share purchase agreement (SPA).' Source -https://www.thehindubusinessline.com/markets/stocks-that-will-see-action-on-february-2-2023/article66465836.ece
