Stocks to Watch: IndiGo, IDBI Bank, Dish TV, BHEL, SpiceJet, Airtel
InterGlobe Aviation: IndiGo Airlines board of directors have approved an additional purchase of 10 A320 NEO family aircraft from French aircraft maker Airbus. The order for ten more aircraft adds to the already placed order for 300 aircraft, as per the company filing. IndiGo in 2019 had placed a record order of over 300 Airbus A320 NEO family aircraft worth around $33 billion at notional catalogue prices with France's Airbus.
Notably, the delay in delivery of the A320 NEO family aircraft has been due to issues with Pratt & Whitney (P&W) engines. IDBI Bank: The government has invited bids to engage an asset valuer for the strategic disinvestment of IDBI Bank. The government and the LIC are selling about 61% stake in IDBI Bank and multiple expressions of interest (EoI) for the same have been received.
The Department of Investment & Public Asset Management (DIPAM), on behalf of the government and LIC, on Monday floated a request for proposal (RFP). Dish TV: The Bombay High Court (HC) on Monday rejected an interim plea by Dish TV India Ltd promoter entity World Crest Advisors, seeking to prevent Yes Bank Ltd and JC Flowers Asset Reconstruction Pvt. Ltd from transferring or encumbering Dish TV shares.
World Crest, which has a 0.05% stake (950,000 shares) in Dish TV, had filed a plea before the court seeking ownership of over 440 million shares of Dish TV. BHEL: State-owned BHEL on Monday said it has bagged an order from NHPC for its 2,880 MW Dibang multipurpose project in Arunachal Pradesh. The order for the electro-mechanical (E&M) work for the project has been bagged against stiff competition under international competitive bidding, BHEL said in a statement.
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