Stocks in Focus on December 16: IDBI Bank, PNB, Axis Bank, Fertilizer Companies to Deccan Cement; here are the 5 Newsmakers of the Day

Domestic equity benchmarks ended near the flat line on Tuesday, December 15, 2020. The S&P BSE Sensex added 9.71 points or 0.02 per cent to close higher at 46,263.17. The Nifty 50 index added 9.70 points or 0.07 per cent to close higher at 13,567.85. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, December 16, 2020. List of such five stocks:

QIPs today: IDBI Bank, Punjab National Bank, Embassy Office Parks REIT 

IDBI Bank: IDBI on Tuesday said it has plans to raise up to Rs 2,000 crore (Base size of Rs. 1,000 crore and Rs 1,000 crore under greenshoe option) through a qualified institutional placement (QIP). The floor price is Rs 40.63 per share. 
Punjab National Bank: The Board of Directors of the bank on Tuesday authorised the opening of the QIP issue of Rs 7,000 crore and approved the floor price at Rs 37.35 per equity share. 
Embassy Office Parks REIT: Embassy Office Parks REIT has approved fundraising plans up to $ 50 crore through institutional placements of its securities. It will be first such QIP by a real estate investment trust in the country. A floor price of Rs 348.38 per unit has been approved by the firm for the institutional placement.

Axis Bank: The private lender on Tuesday clarified the claim by Australia-based news portal, Scams Breaking, and said its outstanding loan to SREI entities and SREI group (including SREI entities) stood at Rs 411 crore and Rs 800 crore, respectively, as on December 14, 2020. The news portal claimed that the lender has provided loans to Kolkata-based SREI Infrastructure to the tune of Rs 44,000 crore without any due diligence and verification of end-use of the loan amount. 

Fertilizer Companies in Focus: Government is set to give direct cash transfer subsidy to the farmers, Zee Business sources. The source further said around 14 crore farmers will get a subsidy payment of Rs 85,000 crore. 

Deccan Cement: The company will increase its capacity from 23 lakh tonnes to 45 lakh tonnes, Zee Business sources. It will invest around Rs 600 crore on expansion in the next 18-24 months. It will have a debt of around Rs 200-300 crore after the expansion work is completed. 

See Zee Business Live TV Streaming Below:

Dr Lal/Thyrocare/Metropolis: As reported by Zee Business, earlier, the Maharashtra government has slashed the rates of RT-PCR by Rs 280 to Rs 700 from Rs 980.