Top 5 stocks in focus on September 27: Canara Bank, Subros Ltd to Punjab National Bank, here are the 5 newsmakers of the day
The board of the public sector bank is scheduled to meet on Today to consider raising capital through qualified institutional placement (QIP). Earlier, the shareholders of the bank have approved its proposal to raise Rs 7,000 crore in one or more tranches by way of follow-on public issue, rights issue, private placement/qualified institutional placement or any other mode.
Benchmark domestic indices on Wednesday, September 26, 2018, closed with losses amid positive Asian markets. On the day, the Sensex slipped 109.79 points and Nifty went down by 13.65 points to close at the mark of 36,542.27 and 11,053.80 respectively. But there were certain stocks that came in the news after the market was closed on the day and may have an impact on the market on Thursday, September 27, 2018. Here is the list of five of such stocks:
Garden Reach Shipbuilders & Engineers (GRSE): The state-owned GRSE on Wednesday extended its initial public offer to October 1, 2018. In addition, it also revised its price band to Rs 114 to Rs 118 per equity share, from Rs 115 to Rs 118 earlier. The issue was subscribed only 67 per cent till the end of the day.
Canara Bank: The board of the public sector bank is scheduled to meet on Today to consider raising capital through qualified institutional placement (QIP). Earlier, the shareholders of the bank have approved its proposal to raise Rs 7,000 crore in one or more tranches by way of follow-on public issue, rights issue, private placement/qualified institutional placement or any other mode.
Subros Ltd.: Board of Directors of the Company is scheduled to meet on September 27, 2018, today, to consider and approve the issuance of 52,47,150 equity shares to DENSO Corporation, Japan (DENSO) on preferential basis.
Punjab National Bank (PNB): The bank's board will meet today to consider infusion of Rs 5,431 crore by the government by way of preferential issue of equity share and fixing date of the extraordinary general meeting (EGM) for obtaining shareholders' approval in this regard. Earlier on September 25, 2018, the finance minister Arun Jaitley assured state-owned banks of all support from the government.
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TD Power Systems: The board of directors of the company on Wednesday approved the proposal for buyback of fully paid up equity shares for an aggregate amount not exceeding Rs 30 crore at a price not exceeding Rs 256 per share.
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