Top stocks to watch out for on December 10: Axis Bank, IOC, REC, Vodafone Idea
REC, PFC: Power Finance Company (PFC) will not be required to make an open offer to minority shareholders of REC after buying out the government's 52.63 percent stake in the company as it is a related party transaction, an official said.
IL&FS Engineering: Mr Ganpathi Ramachandran, non-executive director, tendered his resignation, according to an exchange filing.
Vodafone Idea: Brickwork revised the non-convertible debenture rating to BWR AA- from BWR AA.
IOCL: The company, in an exchange filing, said it will hold a board meeting on December 13 to consider the buyback of equity shares.
Axis Bank: Axis Bank on Saturday inducted Amitabh Chaudhry as additional director on its board, three weeks ahead of his taking over as the new managing director and CEO of the private sector lender. He will replace incumbent Shikha Sharma whose fourth term has been curtailed by the RBI by nearly two-and-half years.
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