Simplex Infra News Today

The Nifty Realty index was trading 0.3 per cent down at 960.45.

NARCL is set to acquire loans of Simplex Infra following an uncontested Swiss auction. The state-backed bad bank has made a binding offer of ?640 crore for debt-laden engineering, procurement, and construction company Simplex Infrastructure, which is less than 7% in recovery to lenders. Simplex owes lenders, led by Punjab National Bank (PNB), a total of Rs 9,600 crore and is one of the largest accounts to be referred to bankruptcy courts in recent times. NARCL is preparing to acquire the loan in...

The offer from the NARCL includes ₹590 crore for banks having a fund-based exposure and ₹50 crore for banks with non-fund-based exposure.

Top mutual funds bought fresh stakes in Inox Wind, BSE, RPG Life Sciences, Shivalik Bimetals Control and Thomas Cook (I) and hiked their holdings in Suzlon Energy, Minda Corp, SJS Enterprises and Medplus Health Services, according to a Nuvama report

The Nifty Pharma index closed 1.04 per cent up at 13895.4.

UPL, JSW Steel, Bajaj Finance, Axis Bank and HCL Tech were among the top losers on NSE in todays trade.

In the Nifty pack, 35 stocks closed in the green, while 15 stocks ended in the red.

The Nifty Realty index closed 0.01 per cent down at 526.85.

Premier Exp, Cyient DLM, Elecon Engg Co, Bharat Dynamics and Zen Tech, hit their fresh 52-week highs during the day.

The Nifty Bank index closed 0.26 per cent down at 44745.05.