Naman Chambers News Today

Idfc First Bank: “This property, located in Naman Chambers, will serve as NSDLs new headquarter, with a move-in date expected by January-February 2024 after a 4-month fit-out period,” people aware of the deal said.

Stocks to watch: Shares of firms like Tata Steel, Maruti, Adani Group, Hindustan Zinc, Glenmark, and others will be in focus on Tuesday's trade.

Stocks to watch out for today: Mazagon Dock, GR Infraprojects, Dilip Buildcon, Indian Oil, Star Health and Allied Insurance, Hindustan Zinc, IDFC FIRST Bank, Dr Reddy's, Bhageria Industries, and more

Hot stocks today: Indian equity benchmarks were trading higher today. The 30-share BSE Sensex rose 359 points to 65,872 and Nifty gained 102 pts to 19,615. Find out all about the hot stocks in this Business Today Visual Story.

National Securities Depository Limited (NSDL) has acquired a 68,000 sqft office space in Mumbais Bandra-Kurla Complex (BKC) from IDFC First Bank for around Rs 198 crore. The property will serve as NSDLs new headquarters and is expected to be ready for occupation by January-February 2024.

Informing BSE on the status of shareholding in the entity with whom the agreement is executed, the bank said that NSDL does not hold any shares in IDFC FIRST Bank Limited.

Real estate consultant Colliers India acted as the transaction advisor for the deal.

This is being done as a part of the consolidation of the bank’s operations near its corporate office in BKC.