Stocks To Watch: ICICI Bank, Cola India, CDSL, Axis Bank, InterGlobe Aviation, Avenue Supermarts, Waaree Energies, Bharti Airtel, Adani Power – Market News

Axis Bank

SEBI has issued a show cause notice to Axis Bank and its subsidiaries, Axis Securities and Axis Capital, concerning transactions involving the purchase of shares in Max Life Insurance Company.

Axis Bank and its subsidiaries are currently reviewing the notice’s contents and intend to submit responses to SEBI, noting that the transactions were conducted with the necessary regulatory approvals.

Avenue Supermarts

Avenue Supermarts, the operator of DMart, has finalized the acquisition of a 26% stake in FP Ampere Energy, a wholly owned subsidiary of Fourth Partner Energy, for ₹2 crore. As a result of this acquisition, FP Ampere Energy has now become an associate company of Avenue Supermarts.

BPCL

The Board has approved a joint venture agreement between the company and Oil India to develop a city gas distribution (CGD) project in Arunachal Pradesh. The joint venture will have equal shareholding, with BPCL and Oil India each holding a 50% stake.

Waaree Energies

Waaree Energies is set to debut its shares on the exchanges on Monday. Ahead of the listing, the company’s shares are trading at a grey market premium (GMP) of Rs 1,225. With the upper price band set at Rs 1,503, the stock is anticipated to list at an 81% premium.

Key Earnings To Watch Today

Bharti Airtel, Sun Pharmaceutical, BHEL, Adani Power, Punjab National Bank, Aditya Birla Sun Life AMC, Ambuja Cements, Arvind, Computer Age Management Services, CarTrade Tech, Dalmia Bharat Sugar, Federal Bank, Firstsource Solutions, Ideaforge Technology, Indraprastha Gas, Indegene, Indian Bank, Indian Oil Corporation, JSW Infrastructure, KFin Technologies, Kalpataru Projects International, LIC Housing Finance, Northern Arc Capital, Paras Defence, Pfizer, Quess Corp, RailTel Corporation of India, Shree Renuka Sugars, Skipper, and Tata Technologies

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