Page 8 - Specified Undertaking News Today

Read more about Axis Banks Rs 4,000-crore OFS subscribed over 2x by non-retail segment on Business Standard. Most bids came in at Rs 701.6 as against floor price of Rs 680 per share; 5.8 mn shares to be auctioned to retailers on Thursday

: Wednesday, May 19, 2021, 12:26 AM IST Stocks to watch: Axis Bank, Panacea Biotec, Torrent Pharma, Ujjivan SFB, Abbott India, L&T, Canara Bank, Tata Motors others There are some stocks that may be much more active than others. So, some stocks to watch out for today are: Axis Bank: Specified Undertaking of the Unit Trust of India (SUUTI) is looking at selling 3.6 crore shares via offer for sale (OFS) in private lender Axis Bank at a floor price of Rs 680 per share. This will help the governme...

Synopsis Days after Finance Minister Nirmala Sitharaman announced the Union Budget for 2021-22 laying out various measures (including disinvestment proposals) to bolster the pandemic-hit economy, Rajiv Kumar also emphasised that the Modi government has shown consistent commitment for the welfare of farmers and for the improvement of the agriculture sector. NEW DELHI: Niti Aayog will prepare the next list of central public sector companies for disinvestment in the next few weeks, its Vice Chairm...

Niti Aayog will prepare the next list of central public sector companies for disinvestment in the next few weeks, its Vice Chairman Rajiv Kumar said on Thursday and expressed hope that the proposed asset reconstruction and management companies to address banks bad loan woes will do a good job like the UTI. Days after Finance Minister Nirmala Sitharaman announced the Union Budget for 2021-22 laying out various measures (including disinvestment proposals) to bolster the pandemic-hit economy, Ku...

  Smt. Vasantha Govindan, aged 42 years is currently the CEO of The Specified Undertaking of the Unit Trust of India (SUUTI), a Government of India entity.   She holds a degree in Commerce from the University of Bangalore and holds a MBA degree in Finance from T.A. Pai Management Institute, Manipal.   She has been working with SUUTI since the year 2001 and has held various administrative positions and was appointed as the CEO of SUUTI in the year 2018 and...

Read more about Wary of British American Tobacco, govt may not budge on ITC stake sale on Business Standard. Fears a 2018-like episode when the foreign shareholder blocked proposal to issue Esops

Govt to soon initiate Bank Investment Company December 28, 2020 × The government is likely to set in motion the process of establishing a Bank Investment Company (BIC) to hold its stake in public sector banks (PSBs) following substantial consolidation in the public sector banking space and clean-up of banks’ balance sheet in the last couple of years. With the banking space seeing fast-paced changes vis-a-vis business models and technology, top bankers feel now is the right time to set up a...

The PSU bank has entered into a binding agreement to divest its entire 64.40% stake in Cent Bank Home Finance to Centrum Housing Finance."This is to inform that the bank has entered into a binding agreement to divest its entire equity stake of 64.4% i.e. 1,61,00,000 shares of face value of Rs 10 each in Cent Bank Home Finance to Centrum Housing Finance, subject to approvals from regulatory authorities," Central Bank of India said in a regulatory filing on Thursday (24 December 2020). According...

State-owned Central Bank of India will exit housing finance joint venture by selling its entire stake of over 64 per cent to Centrum Housing Finance for Rs 160 crore. "This is to inform that the bank has entered into a binding agreement to divest its entire equity stake of 64.40 per cent i.e. 1,61,00,000 shares of face value of Rs 10 each in Cent Bank Home Finance Ltd (CBHFL), to Centrum Housing Finance, subject to approvals from regulatory authorities," Central Bank of India said in a BSE f...

Central Bank of India to exit housing finance business; to sell JV stake for Rs 160 crore SECTIONS Central Bank of India to exit housing finance business; to sell JV stake for Rs 160 crorePTI Last Updated: Dec 24, 2020, 08:06 PM IST Share Synopsis CBHFL is a financing and mortgage company jointly promoted by four public sector institutions -- Central Bank of India, National Housing Bank, Specified Undertaking of Unit Trust of India (SUTTI) and Housing and Urban Development Corporation (HUDCO). ...