Stocks to Watch: Vodafone Idea, Vedanta, TVS Motor, Nestle India, LIC, SJVN

livemint.com:

Vodafone Idea: News reports claim that the government could sell its 33% stake in Vodafone Idea to tech-billionaire Elon Musk and his satellite internet venture Starlink collaborating with the carrier. Securities and Exchange Board of India (Sebi) has sought a clarification from India’s third-largest telecom service provider on the development. Vedanta Ltd: The London-based parent of India’s Vedanta Ltd has received between 20% and 40% investor votes in favour of its $3.8 billion bond restructuring exercise as of 29 December.

For the company’s proposal to go through, more than two-thirds of each bond’s investors need to vote, of which at least two-third votes need to be cast in favour of the restructuring. TVS Motor: Has reported a 25% year-on-year rise in its December total dispatches to 301,898 units. Two-wheelers sales stood at 290,064 units in December, compared to 227,666 units sold in the same month last year.

Life Insurance Corp of India: Has received demand order of ₹806.3 crore for collection of GST along with interest and penalty for Maharashtra, from the Deputy Commissioner of State Tax, Mumbai. The order and penalty notice is for FY18, including GST of ₹365 crore and penalty of ₹404.77 crore. Nestle India: Has received a tax demand of ₹46.4 crore under the CGST/SGST Act, and applicable interest, and a penalty amounting to ₹4.65 crore from the additional commissioner, Office of the Principal Commissioner, Central Goods & Services Tax & Central Excise Commissionerate, Chandigarh.