Indian shares are likely to open lower on Tuesday following a mixed trend in Asian peers. The trends on SGX Nifty also indicate a flat to a lower start for the broader index in India. The Nifty futures were trading 23.50 points or 0.14 percent lower at the 16,941.00 level on the Singaporean Exchange at 7:15 am.
Kotak Mahindra Bank | The bank has executed a Share Purchase Agreement for the sale of 20 crore equity shares of Airtel Payments Bank to Bharti Enterprises for Rs 294.8 crore.
Larsen & Toubro | The company has completed the sale of its entire stake in L&T Uttaranchal Hydropower to ReNew Power Services.
Axis Bank | Moody’s has assigned B1 (hyb) rating to the bank’s proposed offshore Additional Tier 1 (AT1) bonds.
HDFC Asset Management Company | The company has applied for 15 percent of the paid-up equity share capital of AMC Repo Clearing by paying an application amount of Rs 22.18 crore.
Bank of Baroda | Shanti Lal Jain will step down as Executive Director of the Bank w.e.f September 1, due to his appointment as MD & CEO Of Indian Bank.
NHPC | The company said that Unit 3 (60 MW) of Bairasiul Power Station (3 X 60 MW) in Himachal Pradesh has been tested and commissioned after completion of Renovation and Modernization works.
Yes Bank | The bank has extended the Long Stop Date till December 31, 2021, for completion of stake sale in wholly-owned subsidiaries Yes Asset Management (India) Ltd and Yes Trustee Ltd to GPL Finance and Investments Ltd.
Jindal Steel & Power | The company’s board has approved raising up to $1 billion via senior bonds.
Bharat Forge | The company has clarified that media reports of the company being in talks with Tesla for auto components were incorrect.
KNR Constructions | The company will sell stake in three road SPVs to Cube Highways & Infrastructure.
Acrysil | The company announced further expansion of production capacity by an additional 1,60,000 Quartz Sinks per annum through a greenfield project at Bhavnagar in Gujarat, taking the overall capacity to 1 million sinks per annum.
Ipca Laboratories | CRISIL reaffirmed its credit rating for the company’s commercial paper programme at A1+.
Shriram EPC | IDBI sold more than 1.96 crore equity shares of the company via open market transaction, reducing shareholding to 0.07 percent from 2.1 percent earlier.
Aayush Food and Herbs | Classic Mercantile LLP bought a 5.77 percent stake in the company via an open market transaction on August 30.
