Page 12 - Specified Undertaking News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ITC Q1 preview: Unlike its lacklustre stock performance at the bourses since the past one year, ITC is likely to post a strong show in the June 2021 quarter (Q1FY22) when it posts its results on Saturday, July 24, helped by a low base and recovery in cigarettes sales, say analysts. They eye a solid double-digit profit and revenue growth on a yearly basis, although the quarter-on-quarter (QoQ) performance could disappoint. During the quarter ended June, shareholders lost over 7 per cent of their wealth parked in ITC whereas Nifty50 offered 7 per cent returns during the same period. The compa...

The three entities held 0.03 per cent, 0.02 per cent and 0.69 per cent stake, respectively in Axis Bank as on March 31, 2021.

Three promoter entities United India Insurance, National Insurance and New India Assurance have made a request to reclassify them to

Read more about Axis Bank awaits nod to reclassify 3 promoters as public shareholders on Business Standard. United India Insurance Company, National Insurance Company and New India Assurance Company will be reclassified as public category shareholders post requisite regulatory approvals

Synopsis Through the two-day offer for sale (OFS), the government sold around 5.80 crore shares or 1.95 per cent stake held in Axis Bank through the Specified Undertaking of the Unit Trust of India (SUUTI) at a floor price of Rs 680 a share. Agencies At the cut off price of Rs 701 a share, the 1.95 per cent stake sale fetched around Rs 4,000 crore to the exchequer. The government has raised about Rs 4,000 crore from sale of 1.95 per cent stake in Axis Bank held through SUUTI, DIPAM Secretary Tuhin Kanta Pandey said on Thursday. "The OFS of Axis Bank got good response from investors with SUUTI...