Stocks to Watch: Jio Financial, Vodafone Idea, Adani Energy, Hindalco, Piramal, TVS Supply Chain
Jio Financial Services: The BSE has deferred the removal of Jio Financial Services Ltd, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance Industries, from all the S&P BSE indices to 29 August from 24 August. Jio Financial Services listed on the bourses on Monday and hit the lower circuit for the second straight on Tuesday. Vodafone Idea: Debt-ridden telecom services provider Vodafone Idea plans to clear about ₹2,400 crore wort of dues to the government by September.
It recently cleared dues of licence fees and spectrum usage charges of about ₹450 crore for the March quarter of 2022-23. Vodafone Idea was required to pay a licence fee of around ₹770 crore by July and ₹1,680 crore as the first instalment for the spectrum it purchased in auctions held last year. TVS Supply Chain Solutions: The TVS Mobility Group company will make its debut on the BSE and NSE on 23 August.
The issue price was fixed at ₹197 per share. Adani Energy: The BSE and National Stock Exchange have imposed a fine of ₹2.24 lakh each on the company for certain non-compliance. The fines have been imposed "for non-compliance with the requirements pertaining to the composition of the Board, including failure to appoint a woman director", the company said in an exchange filing.
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