Stocks to watch: Bharti Airtel, Wockhardt, Tata Motors

MUMBAI: South Africa’s communications regulator may not grant approval for the 

proposed tie-up between MTN and Bharti Airtel this year, 
according to media reports. 
Paris Mashile, chairman of the Independent Communications Authority of South Africa (Icasa), has said it would not talk to MTN about any deal until “all the documentation and facts and everything” were ready. The Bharti-MTN deal is subject to a September deadline set by the companies. It would create the world’s third largest mobile group by subscribers. South Africa is pressing India for an agreement on the dual listing of companies. 

Foreign lenders, upset over Wockhardt's corporate debt restructuring package, have threatened to block the pharma company's $130 million deal to sell its nutrition business to US-based Abbott Laboratories. This may take a toll on the company’s shares which ended 0.64 per cent higher at Rs 164.45 on the BSE. 

Tata Motors is planning to sell about 10-15 per cent in subsidiary Tata Motors Finance to raise funds to 
reduce debt. Shares of the auto major ended 1.33 per cent higher at Rs 569.25 on the BSE. 

Asian Paints, has started selling its near-10 percent stake in rival ICI India and has reduced it to 7.49 percent, citing favourable market conditions. Asian Paints had acquired ICI India shares in 2003, following disinvestment by the federal governm