SBI, Kotak Mahindra Bank, Vedanta in the spotlight
The board of mining major Vedanta has approved the first interim dividend of Rs 18.50 per equity share for the financial year 2021-22.
Benchmark Indian indices are set to open higher on Thursday as Asian stocks were trading mixed on Thursday after Australia reported a higher-than-expected trade surplus in July. Here is the list of top stocks that could be in focus on September 02.
State Bank of India: India’s largest lender SBI has raised Rs 4,000 crore of the Basel compliant Additional Tier 1 (AT1) bonds on Wednesday at a coupon rate of 7.72%.
Kotak Mahindra Bank: The bank said that with the execution of a Share Purchase Agreement, the bank completed the transaction for sale of 20 crore equity shares (around 8.57% shareholding) of Airtel Payments Bank to Bharti Enterprises, on August 31, 2021 for Rs 294.8 crore.
Vedanta: The board of mining major Vedanta has approved the first interim dividend of Rs 18.50 per equity share for the financial year 2021-22, amounting to Rs 6,877 crore. The record date for the purpose of payment of dividend is set on 9 September 2021.
Minda Corporation: The company through its 100% subsidiary Spark Minda Green Mobility Solutions, has entered into definitive agreements for acquiring 26% equity stake in charging solutions startup EVQPOINT Solutions.
Kitex Garments: Kitex Garments said that the proposal to invest Rs 1,000 crore in Telangana state submitted by the company before Government of Telegana towards expansion plan has been approved. The government order will be issued within a few days.
Shyam Metalics and Energy: Company’s subsidiary Shyam Sel & Power completed the acquisition of controlling stake of 90% in Shree Venkateshwara Electrocast.