Page 34 - Unit Trust News Today

Axis Bank: OFS of SUUTI oversubscribed four times on Day 1 Premium Read Full Story The centre’s bid to sell a majority part of its residual stake in Axis Bank got to a good start with the issue opening for non-retail investors on Wednesday getting over-subscribed four times of base size. “Offer for Sale of SUUTI shares in Axis Bank got good response on day one. Issue subscribed over 4 times of base size at a clearing price above the floor price by non-retail investors. SUUTI has decided to ...

The domestic equity barometers ended with steep losses after a volatile session on Wednesday. The Nifty, however, managed to hold the 15,000 mark. Private banks and auto shares corrected while pharma, media and realty stocks were in demand. The barometer index, the S&P BSE Sensex, declined 290.69 points or 0.58% to 49,902.64. The Nifty 50 index lost 77.95 points or 0.52% to 15,030.15. Bajaj Finserv (down 1.68%), HDFC (down 1.68%), HDFC Bank (down 1.29%) and ICICI Bank (1.24%) were major drags....

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...

Rather than an ‘upfront majority stake-sale’ approach, a ‘nuanced creep-up investment’ solution would be a better option

Share this article SUMMARY HIGHLIGHTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 HEALTH AND SAFETY THROUGH THE COVID-19 PANDEMIC REMAINS A PRIORITY AS WE CONTINUE TO PROVIDE OUR ESSENTIAL SERVICE OF SAFE AND AFFORDABLE HOUSING SOLID FFO PERFORMANCE RESILIENT OPERATIONAL RESULTS THROUGH THE WINTER MONTHS Strong same-property revenue and net operating income growth in Ontario, Quebec, and Saskatchewan. Occupancy gains and revenue optimization during the first quarter providing positive tre...

Trying to do business in Jamaica is no easy task. But the greatest hindrance to doing bus...

PAC directed to call board management for failure to submit accounts 08 PAC directed to call board management for failure to submit accounts SPEAKER of the National Assembly Job Ndugai yesterday directed the Parliamentary Public Accounts Committee (PAC) to summon the board and management of eight government institutions over failure to submit account books to the Controller and Auditor General (CAG) for auditing in the 2019/2020 . Speaker Ndugai issued the directive in the House saying it was u...

AS the NGC Bocas Lit Fest rolls out a second year of an all-virtual festival, from April 23-25, young ones can look forward to dynamic and engaging online content on two days of the festival. The children’s sessions will come alive in myriad exciting ways for a fresh crop of young readers and writers as it features some of the best storytellers, local talent, and stories written by children during the past ten years of the NGC Children’s Storytelling Caravan. While the pandemic has paused t...

Kavin Karunamoorthy, AGM – Asset Management, First Capital Asset Management Limited The First Capital Money Market Fund has been the fastest fund in its category (Open-Ended Money Market Fund) to surpassed LKR 20 billion in Assets Under Management. The fund is managed by First Capital Asset Management Limited the wealth management arm and subsidiary of First Capital Holdings PLC (the Group). The Fund is the best performing Unit Trust in its category, delivering a return of 11.98%, the highes...