Stocks in Focus on January 9: Kotak Mahindra Bank, Telecom Stocks to Vedanta; here are the 5 Newsmakers of the Day

Kotak Mahindra Bank vs RBI hearing, Aster DM Healthcare, Vedanta, telecom stocks, Gati and all cargo logistics stocks are expected to remain newsmakers throughout the intraday trade session.

Certain stocks came in news after the market was closed for trading purposes. They can impact the indices when they will reopen on Thursday. Photo: Reuters

Domestic stocks markets ended marginally low on Wednesday, January 8, 2020, as the US-Iran clash kept global investors on the edge. However, some stocks that came in news after the market was closed for trading purposes. They can impact the indices when they will reopen for trading on Thursday, January 9, 2020. Here is a list of five such stocks:

Kotak Mahindra Bank vs RBI hearing: The Bombay High Court will resume its hearings on Kotak Mahindra Bank's case against the Reserve Bank of India today, after a gap of five months. The lender is contesting an RBI rule that requires Uday Kotak to cut his shareholding to below 20%.

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Aster DM Healthcare: The board of Aster DM Healthcare will meet today to consider a buyback proposal.

Telecom Stocks in Focus: The Supreme Court will hear the telecom companies, Bharti Airtel and Vodafone Idea, review petitions against its earlier verdict on adjusted gross revenue (AGR) dues today. Besides, Bharti Airtel Ltd on Wednesday launched a qualified institutional placement (QIP) worth $200 crore at a floor price of Rs452.09 per share. It has also launched a separate fundraise exercise through an issue of foreign currency convertible bonds (FCCBs) of up to $100 crore. Plus, field trials of 5G is likely to be delayed further in India as private operators like Reliance Jio Infocomm, Bharti Airtel, Vodafone Idea may seek more time to submit their respective proposals. January 10, 2020, is the deadline for submission of the proposal.

Vedanta: Supreme Court has agreed to hear Vedanta's plea on Goa mine lease. The company's board has approved the proposal to raise capital via issue of Non Convertible Debentures (NCDs) worth up to Rs2,000 crore with a maturity of 10 years.

Gati/All cargo Logistics: Promoter Mahendra Agrawal's family - spouse and two sons - have approached the National Company Law Tribunal (NCLT) against him for alleged oppression and mismanagement in the company. They have sought reconstitution of the board. The family has filed two separate petitions for GATI and TCI Finance, where Mahendra Agrawal is the promoter. They alleged that the valuation of the proposed transaction - Rs915 crore - with All Cargo Logistics is not proper as their estimations suggest the company's value is not less than Rs2,000 crore.

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