Stocks in news: Tata Communications, MTAR Tech, Adani Green, Welspun, Max Healthcare, NIIT
Shares of Tata Communications, MTAR Tech, Adani Green, Welspun, Max Healthcare, NIIT, AU Small Finance Bank will be in focus in Tuesday s trading session
BusinessToday.In | March 16, 2021 | Updated 09:14 IST
Stocks to watch today: A Tata Communications, MTAR Tech, Adani Green, Welspun, Max Healthcare, NIIT, AU Small Finance Bank
The BSE Sensex and NSE Nifty are likely to open higher on Tuesday, tracking positive global cues and firm trading at Nifty futures on the Singapore Exchange. Among the individual stocks, shares of Tata Communications, MTAR Tech, Adani Green, Welspun, Max Healthcare, NIIT, AU Small Finance Bank and others will be in focus in Tuesday s trading session.
T-Mobile US Inc. unveiled a proposed public offering of senior notes. The company said its T-Mobile USA Inc. subsidiary plans to offer up to $3 billion aggregate principal amount of senior notes, to be issued in three tranches with maturities in 2026, 2029 and 2031. T-Mobile USA plans to use $2 billion of the net proceeds to acquire spectrum licenses under the Federal Communications Commission s Auction 107, with any remainder to be used to redeem its 6.50% Senior Notes due 2026 and then for refinancing existing indebtedness. Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC are the joint book-running managers for the offering of the notes.
Read more about Barometers sharply pare gains; Nifty holds 14,900 on Business Standard. The benchmark indices sharply pared gains in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 59.92 points or 0.12% at 50,455. The Nifty 50 index gained 4.20 points or 0.03% at 14,933.70.
Here are the top stocks that are likely to be in focus today:
Tata Communication: Offer for sale (OFS) to divest government’s shareholding in Tata Communications will open Tuesday for institutional investors. The government will sell its 10 per cent stake held in erstwhile VSNL, with an option to sell an additional 6.12 per cent stake. The floor price has been set at Rs 1,161, a 9.8 per cent discount to Monday s closing price.
AU Small Finance Bank: The lender has raised Rs 625.50 crore through sale of shares to institutional investors.
Adani Ports: The company will partner with John Keells Holdings PLC and Sri Lankan Port Authority to develop the West Container Terminal (WCT) at the Colombo port in Sri Lanka.
News Wire Feed Light Reading 3/16/2021
BELLEVUE, Wash. T-Mobile US, Inc. (NASDAQ: TMUS) ( T-Mobile ) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary ( T-Mobile USA or the Issuer ), plans to offer, subject to market and other conditions, up to $3.0 billion aggregate principal amount of senior notes, to be issued in three tranches with maturities in 2026, 2029 and 2031 (collectively, the notes ) in a registered public offering.
T-Mobile USA intends to use $2.0 billion of the net proceeds from the offering of the notes to acquire spectrum licenses pursuant to the FCC s C-Band spectrum Auction 107, with any remainder to be used first to redeem the Issuer s 6.500% Senior Notes due 2026 and then for refinancing existing indebtedness on an ongoing basis.