Stocks to Watch: Airtel, Aditya Birla Capital, ITC, Indigo, Religare, SpiceJet
Bharti Airtel: The telecom major is anticipated to be the frontrunner in the forthcoming auction of eight spectrum bands, given that Reliance Jio has already made substantial acquisitions in the 2022 auctions and Vodafone Idea is currently grappling with financial constraints. The auction is scheduled to commence on May 20. Bharti Airtel is expected to renew its licenses for 42MHz of spectrum in the 1800MHz and 900MHz bands across six circles.
According to analysts, the telecom company is projected to spend ₹3,800 crore at the government-notified reserve prices. Aditya Birla Capital: Aditya Birla Capital announced on Monday its decision to merge with its subsidiary, Aditya Birla Finance. This move allows the unlisted subsidiary to bypass the Reserve Bank of India's (RBI) directive for public listing.
While Aditya Birla Capital is a listed entity, its fully-owned subsidiary, Aditya Birla Finance, is among the 15 top-tier non-bank lenders that the RBI has mandated to be publicly listed by September 2025. The merger with the parent company eliminates the need for separate listing of the subsidiary. ITC: British American Tobacco is reportedly gearing up for a much-anticipated sale of its stake in ITC within the next fortnight, according to two individuals familiar with the development.
The company intends to offload a 4% stake in the Indian firm at a share price of ₹380-390, which represents a 5-8% markdown from Monday's closing price of ₹409, as per the sources. The transaction, which is expected to involve approximately 499 million shares valued at around ₹20,000 crore (just over $2.4 billion), is set to be the largest block deal since 2021. Potential buyers of ITC shares could include ICICI Prudential Mutual Fund and O3
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