Stocks in View for Dec 10: Infosys, Paytm, Star Health & More

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Stocks in View for Dec 10: Infosys, Paytm, Star Health & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Infosys Ltd (NS: INFY ): The IT giant’s next-gen digital services and consulting arm Infosys (NS: INFY ) Equinox collaborated with Packable to boost its direct to consumer e-commerce offerings for brand partners.

Star Health and Allied Insurance Company Ltd (NS: STAU ): The insurance company backed by ace investor Rakesh Jhunjhunwala will debut on the Indian exchanges on Dec 10.

One 97 Communications Ltd (NS: PAYT ): Fintech major Paytm informed on Thursday about getting approval for a scheduled bank status by RBI, allowing it to expand its business and financial opportunities.

IIFL Finance: According to bulk deals on the NSE, the American venture capital firm American Funds Smallcap World Fund® Class A purchased 35.6 lakh shares in the company for Rs 300 apiece, while Hamblin Watsa Investment Counsel Limited sold 1.04 crore shares in the company at Rs 300.17 apiece through an open market transaction.

Bajaj Electricals (NS: BJEL ): The appliance maker’s board has approved to review its corporate structure for unlocking growth and value creation for all segments. The company will also look forward to separating its power transmission and power distribution segments as individual business entities.

JMC Projects (India) Ltd (NS: JMCP ): The construction engineering company has approved to issue unsecured, rated, listed, redeemable non-convertible debentures worth Rs 99 crore on a private placement basis.

RBL Bank Ltd (NS: RATB ): The private lender is looking for buyers for its loan exposure of Rs 105 crore to Future Corporate Resources, stated a report.

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