Top 5 stocks in focus on October 8: Tata Elxsi, L&T Finance to Yes Bank, here are the 5 newsmakers of the day
Benchmark domestic indices closed in the red on October 5, 2018. But there were certain stocks, like Aavas Financiers, Tata Elxsi to IL&FS that came in the news after the market was closed for trade and can have an impact on the market on October 8, 2018.
Benchmark domestic indices closed in the red on October 5, 2018. But there were certain stocks, like Aavas Financiers, Tata Elxsi to IL&FS that came in the news after the market was closed for trade and can have an impact on the market on October 8, 2018. Here is the list of five of such stocks:
Aavas Financiers Ltd: The housing finance company, which raised Rs 1,734 crore through an initial public (IPO) offering recently will list its shares on the exchanges today, October 8, 2018. The IPO, which opened from September 25-27, was subscribed 97 per cent at a price band of Rs 818 to Rs 821 per share.
Tata Elxsi: The board of directors of Tata Elxsi, an Indian design company that provides design and technology services, will meet on Monday, October 8, 2018, to consider the financial results for the period ending September 30, 2018. In the first quarter, the company had posted a 41.72 per cent rise in net profit at ₹70.50 crore over the year-ago period.
L&T Finance Holdings: The Board of Directors of the company is scheduled to meet on October 8, 2018, to approve raising funds through issue of cumulative compulsorily redeemable non-convertible preference shares aggregating Rs 250 crore on a private placement basis and determine the issue price for the proposed issue.
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Yes Bank: The private banking company has appointed a five-member search and selection committee including two members from outside the bank to find a successor to founder CEO Rana Kapoor. The bank has named former IRDA chief TS Vijayan and former SBI chief OP Bhatt as external members in the search committee to find a new CEO. The MD selection panel will hold its first meeting on October 11.
Infrastructure Leasing & Financial Services (IL&FS): The Ministry of Corporate Affairs (MCA) has approached the Mumbai bench of the National Company Law Tribunal (NCLT) seeking relief against any criminal, civil liability or punitive action against the IL&FS group and its newly-formed board. In addition, CARE has also revised the credit rating of the company for long/short term bank facilities aggregating to Rs 3,091.33 crore to D.