Stocks to watch in trade today:

Government proposes to sell up to 15% stake in Hindustan Aeronautics via offer for sale mechanism. Government to sell up to 3.34 crore shares (10% stake) at a floor price of Rs 1,001 per share for Rs 3347.29 crore, with oversubscription option for another 1.67 crore shares (5% stake). Floor price is at a discount of 15% to closing prices as on Aug. 26 Government’s stake to come down from 89.97% to 74.47%, if OFS is fully oversubscribed. The offer will open for non-retail investors on Aug.27 and for retail investors on Aug.28

Godrej Properties, Sunteck Realty, Kolte Patil Developers, Oberoi Realty, Indiabulls Real Estate: Maharashtra government to temporarily reduce stamp duty on flats from 5% to 2% till December 31. From Jan 1 till March 31, the stamp duty will be 3%. This is to boost the stagnant real estate market, which has been badly hit following the pandemic lockdown last March.

ICICI Bank: Bank approved sale of 64.42 lakh equity shares (2% equity) in ICICI Securities via open market sale. Face value of each share is at Rs 5 per share. Bank’s stake in ICICI Securities stood at 79.22% as of June 30 and it selling its stake to comply with minimum public shareholding requirement as per SEBI guidelines.

ITC, Godfrey Phillips, VST Industries: Government panel has recommended regulated FDI in tobacco sector and establishing export-only tobacco farms to boost outward shipments. (Press Trust of India)

Mahindra & Mahindra signed pact with Israel’s REE Automotive for electric commercial vehicles. The partnership will support REE Automotive’s global customer need for 200,000-250,000 electric commercial vehicle units over a few years, including Mahindra’s potential domestic and international volumes.

Infosys announced the launch of artificial intelligence driven solution to automate helpdesk operation. To partner with Blue Prism for this venture.

Coal India has awarded Rs 2,900 crore contract to Belarus-based mining equipment manufacturer Belaz for supply of 96 dumpers of 240-tonnes capacity. The amount for the purchase of the dumpers would be met out of the company's own finances. Dumpers are primarily used in opencast mines and aid in the transport of bulk materials like over burden. Board has given nod to close the deal. (Press Trust of India)

Jindal Stainless: Board approved raising Rs 162.8 crore via issue of convertible equity warrants to promoter group Virtuous Tradecorp and Kotak Group’s alternative investment fund.

SRF to consider raising capital via qualified institutional placement and NCDs on Aug.31.

Rossari Biotech: SBI Mutual Fund increased stake from 4.80% to 5.26% on Aug.25.

Lakshmi Vilas Bank: Board approved raising Rs 1,000 crore viea issue of equity shares and Rs 500 crore via NCDs. Board also approved increase in authorized share capital from Rs 650 crore to Rs 1,000 crore.

Punjab & Sind Bank: DHFL’s outstanding dues of Rs 815.4 crore has been declared as a fraud and reported to RBI. Bank has made a provision of Rs 203.9 crore as per prescribed norms.