Stocks to Watch: HCL Tech, Honasa Consumer, SpiceJet, Brigade Enterprises

livemint.com:

HCL Tech: HCL Investments UK, the step-down wholly-owned subsidiary of HCL Technologies, has signed a Memorandum of Understanding with its joint venture partner, State Street International Holdings, for selling the entire 49% equity stake in the JV to State Street for $170 million, plus net book value. JSW Infra: JSW Infrastructure, part of the JSW Group, has acquired a stake in PNP Maritime Services (PNP Port) in Maharashtra's Raigad through its subsidiary, JSW Dharamtar Port. The estimated enterprise value of PNP Port is around ₹700 crore.

Honasa Consumer: Fireside Ventures Investment Fund, a venture capital fund, is looking to divest 1.9% stake in Honasa Consumer, the parent company of beauty and personal care products brand Mamaearth, through block deals on Tuesday. The floor price has been fixed at ₹368.7-384.1 per share, a discount of up to 4% on the prevailing market price. Mahindra & Mahindra Financial Services: Estimated overall disbursement were at ₹5,300 crore in November, an increase of 16% year-on-year.

Disbursements for April–November were at about ₹36,000 crore, also up 16% on year. Collection efficiency was at 94% for November, against 96% in the year-ago period. SpiceJet: In some relief for SpiceJet, the National Company Law Tribunal on Monday dismissed a plea by aircraft lessor Willis Lease Finance Corp.

to initiate insolvency proceedings against the cash-strapped airline. Three other lessors—Celestial Aviation, Wilmington Trust, and Aircastle Ltd—have similar pleas pending with NCLT to admit SpiceJet into insolvency over unpaid dues. Brigade Enterprises: Brigade Group signed a joint development agreement to develop luxury residences of around 0.4 million sq.