Indices: Stock market update: Nifty Realty index falls 0.3% in a weak market
The Nifty Realty index was trading 0.3 per cent down at 960.45.
Source: indiatimes.com
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NARCL makes binding offers for over half a dozen accounts: Sources
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 cash and security receipts (SRs).
Source: indiatimes.com
NARCL: NARCL offers Rs 640 crore for Simplex Infra debt
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.
Source: indiatimes.com
BSE, Bank of Maharashtra among 6 small & midcap additions by mutual funds in August
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
Source: indiatimes.com
Indices: Stock market update: Nifty Pharma index advances 1.04%
The Nifty Pharma index closed 1.04 per cent up at 13895.4.
Source: indiatimes.com