Stocks in News, December 15: IRCTC, WIPRO, NTPC, Power Grid, Poonawalla Fincorp

Stocks in News Today, December 15: The benchmark 30-share BSE Sensex and the broader 50-share NSE Nifty50 may start lower over the Federal Reserve's decision to raise interest rates by half a percentage point on Wednesday.

The SGX Nifty - an early indicator of sentiment on the NSE Nifty50 - was lower by 54.5 points, or 0.29 per cent. Photo credit: Pixabay

Stocks in News Today, December 15: Stock markets are set to track weak global cues on the weekly expiry day. The SGX Nifty - an early indicator of sentiment on the NSE Nifty50 - was lower by 54.5 points, or 0.29 per cent in early trade. The benchmark 30-share BSE Sensex and the broader 50-share NSE Nifty50 may start lower over the Federal Reserve's decision to raise interest rates by half a percentage point on Wednesday.

Meanwhile, Asian markets started Thursday's trade lower with Hong Kong’s Hang Seng index falling 1.80 per cent, while Japan’s Nikkei 225 dropped 0.17 per cent. South Korea’s Kospi dipped 0.92 per cent. Overnight on the Wall Street, the Dow Jones Industrial Average fell 142.29 points, or 0.42 per cent, to 33,966.35. The S&P 500 declined 0.61 per cent to 3,995.32. The Nasdaq Composite dropped 0.76 per cent to 11,170.89.

Stock In News Today, December 15

WIPRO: The IT major has launched 'Capco' in the Middle East. Capco is a Wipro subsidiary that caters to services in the financial sector. Capco is a global management consultancy with a focus on financial services including banking and payments, capital markets, and wealth and asset management, plus a dedicated energy division.

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IRCTC: Government will sell its stake in Indian Railway Catering and Tourism Corporation Ltd (IRCTC). It will sell its 2.5 per cent stake on Thursday i.e. December 15. On 16 December (T+1 day) it will sell 2.5 per cent stake. The government will sell its stake through OFS. Green shoe option for 2.5 per cent stake sale. The total stake sale will be 5 per cent. The government holds 67.4 per cent stake in IRCTC. The floor price of OFS is Rs 680 per share.

Poonawalla Fincorp Ltd: The company will sell its entire stake in subsidiary Poonawala Housing to PERSEUS SG at Rs 152.84 per share. The stake sale is worth RS 3900 crore. The deal is expected to complete by 30 June 2023.

Power Grid Corporation of India Ltd: The company in its regulatory filing to exchanges has informed that a committee of directors at Power Grid Corporation of India has cleared an investment of Rs 330.61 crore in a transmission system for evacuating power from REZ in Rajasthan. The approval was given on 13 December.

National Thermal Power Corporation Private Ltd: NTPC is planning to sell its 20 per cent stake in the green energy business by the end of this financial year via a private placement route. It is expected to raise USD 36.4 Crore (around Rs 2985 Crore). Canada Investment Board, Petronas and Brookefield have shown interest according to a Reuters report. Quoting sources, NTPC Green Energy Limited will likely bring its IPO in the next financial year.

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