RIL, Vedanta, Tata Steel, Yes Bank among stocks to watch out for on June 21

Jun 21, 2022

By: Bhakti Makwana

Reliance Industries

SEBI has imposed a penalty of ₹30 lakh on RIL and its two compliance officers for alleged violation of insider trading regulations.

Credit: Yes-Bank

Vedanta

The mining company has decided to sell its copper smelter in Tuticorin, Tamil Nadu after years of protests against its operations on allegations of pollution.

Credit: Yes-Bank

Tata Steel

Media reports say the steel maker imported about 75,000 tonnes of coal from Russia in the second half of May, after pledging to stop doing business with Russia.

Credit: Yes-Bank

Yes Bank

As per media reports, the lender is in advanced stages to close a $1 billion equity deal from private equity firms Carlyle and Advent International.

Credit: Yes-Bank

Vodafone Idea

The debt-ridden telecom operator’s board is scheduled to meet on June 22 to consider a proposal for raising funds to the tune of ₹500 crore from Vodafone Group.

Credit: BCCL

Inox Wind Energy

Inox Green Energy Services, a subsidiary of Inox Wind, has initiated a process with capital SEBI to raise ₹740 crore through an initial public offering (IPO).

Credit: BCCL

Adani Power

The company completes 100 percent acquisition of Support Properties Private (SPPL) and Eternus Real Estate Private Limited (EREPL) for an aggregate of ₹609.4 crore.

Credit: BCCL

LIC Housing Finance

The company increased its benchmark prime lending rate, linked to its home loans, by 60 basis points. Home loans now start from 7.50 percent for borrowers having a credit score of 700 and above.

Credit: BCCL

ICICI Prudential Life Insurance

The private life insurer has announced a 12 percent higher record bonus of ₹969 crore for policyholders in FY22.

Credit: BCCL

Bank of India

The lender is mulling to raise up to ₹2,500 crore through fresh equity capital as it is required to increase public shareholding in the bank to 25 percent to comply with regulatory norms.

Credit: BCCL

'Big Short' investor Michael Burry, Paul Krugman, and Mark Cuban have weighed in on the crypto crash. Here's what 7 market watchers say about the sell-off.