Stocks in Focus on December 12: Ujjivan Small Finance Bank, Vodafone Idea to Banks; here are the 5 Newsmakers of the Day
Bharat Bond ETF: The Bharat Bond ETF, managed by Edelweiss Mutual Fund, will open for anchor investors today while it will open for retail investors between December 13-20, 2019.
Domestic Stocks on Wednesday, December 11, 2019, closed with gains of more than 0.4 per cent amid positive cues from global markets. However, there were some stocks came in news after the market was closed for trading purposes on the day and can impact the indices when they reopen Thursday, December 12, 2019. Here is a list of five such stocks:
Ujjivan Small Finance Bank: Share of Ujjivan Small Finance Bank will be listed on BSE and NSE today, on December 12, after seeing a massive 166 times subscription to its Rs 750 crore initial public offering (IPO). Many analysts are expecting the stock to debut at a 50% premium over the issue price of Rs37 per share.
Bharat Bond ETF: The Bharat Bond ETF, managed by Edelweiss Mutual Fund, will open for anchor investors today while it will open for retail investors between December 13-20, 2019.
Banks In Focus: The Union Cabinet on Wednesday approved amendments in the Insolvency and Bankruptcy Code (IBC) to protect successful resolution applicants from criminal proceedings against offences committed by previous management or promoters. The amendments will remove hurdles in the way of speedy resolution and also attract bidders.
Vodafone Idea: The telecom major on Wednesday denied the media reports of holding talks to sell some assets to Brookfield Asset Management Inc or Edelweiss Group. The company in a statement said, "We deny that any such negotiations are taking place with Brookfield or Edelweiss".
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Ujjivan Financial: Government of Singapore buys 6.2 lakh shares of Ujjivan Financial at Rs342.31/share.
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