HDFC Bank recently announces its intention to 2% stake sell in the upcoming initial public offering (IPO) of National Securities Depository Limited (NSDL), as stated by the bank in its communication with the exchanges on Sunday. Currently, HDFC Bank holds an 8.95% stake in NSDL, which serves as a prominent platform for the dematerialized trading and settlement of securities in the Indian capital market.
Results scheduled for July 11
Prior to the release of quarterly earnings on July 11, attention will be focused on PCBL, Elecon Engineering Company, Excel Realty N Infra, Generic Engineering Construction and Projects, Plastiblends India, and Eiko Lifesciences.
Indian Oil Corporation Limited (IOCL) witnessed a significant surge in its stock value following the announcement of a plan to raise Rs 22,000 crore through a rights issue. In a rights share issue, existing shareholders of the company are granted the opportunity to purchase additional shares directly from IOCL at a discounted price, bypassing the secondary market.
The BSE, Asia’s oldest stock exchange, is going to reveal a new logo on its 149th anniversary, Formerly known as the Bombay Stock Exchange, the BSE is renowned as the prominent Indian bourse, with its benchmark index S&P BSE Sensex serving as the face of the Indian capital markets.
The State Bank of India (SBI) said today that it intends to sell 4 million shares, or 2% of the depository organisation NSDL. SBI plans to offer up to 2% of its equity investment, or 4 million of the bank’s shares in NSDL, in the IPO of the National Securities Depositories Limited (NSDL) in order to participate. SBI declared its intention to take part in the NSDL IPO in a regulatory filing.
Tata Communications stated on Monday that it will spend 99.3 crore to buy the remaining 41.9% of OSSE France, an eSIM provider. In about a month, the transaction is anticipated to be finished. Tata Communications International Pte (TCIPL), a Singapore-based subsidiary of Tata Communications, would thereafter acquire a 100% equity investment in Oasis Smart SIM Europe. Oasis Smart Sim Europe SAS (OSSE France) and Oasis Smart E-Sim Pte Ltd (OSEPL) became subsidiaries of TCIPL in 2020 when TCIPL purchased a majority ownership investment of 58.1% in each company.
Online sports platform Nazara Technologies said on Monday that its board has approved raising up to 750 crore through equity shares. According to a regulatory filing, the board also approved increasing the share capital in a meeting held on Monday from 30 crore to 50 crore.
Independent Power Producers (IPP) involved in the renewable energy industry have issued work orders of Rs 150 crore to Sanghvi Movers, a crane rental business. The business will provide auxiliary services and crane rental services. 50% or so of the total contract value is made up of the crane services. These agreements are valid for 18 months.
Through open market transactions, Nippon India Mutual Fund purchased 5 lakh shares, or 0.63% of Cyient DLM, an engineering manufacturing services and solutions provider, for its Power & Infra Fund. The average cost per share paid for the shares was Rs 403. Nippon Life India Trustee Ltd. – A/C Nippon India SMA has previously owned 1.14% of Cyient DLM.
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