Stocks in News, January 2: Tata Motors, Kaveri Seed, Religare, Bandhan Bank

Stocks in News Today, January 2:  Equity benchmarks Sensex and Nifty began the first trading day of the year 2023 on a positive note. While the 30-share BSE Sensex jumped over 80 points to 60,923.86 in initial trade on Monday, the broader NSE Nifty advanced 35.25 points to 18,140.55. Benchmark BSE Sensex and NSE Nifty closed on a bearish note on the last trading day of 2022 due to fag-end selling in select banking, IT and capital goods shares.

Stocks in News Today, January 2

Tata Motors: Tata Motors on Sunday reported a 10 per cent increase in total domestic sales at 72,997 units in December 2022. The company had sold 66,307 units in the same month the previous year, Tata Motors said in a statement.

Kaveri Seed: Promoter and managing Director GV Bhaskar Rao has increased shareholding in the company. Due to the company's buyback issue, the shareholding increased by 1.75 per cent. Shareholding in the company increased from 58.15 per cent to 59.90 per cent.

Religare Enterprises: Religare Enterprises Ltd has announced that in accordance with the terms of the sanction letters received from the OTS lenders, Religare Finvest Ltd (RFL) along with RFL's parent company has entered into a Settlement Agreement on December 30 in connection with the OTS with all the 16
secured lenders (OTS Lenders) for full and final settlement with respect to all their outstanding dues of RFL.

Bandhan Bank: The bank has announced the sale of its stressed loans, worth Rs 8,897 crore, to an asset reconstruction company (ARC) for an amount of Rs 801 crore.