At the stock markets, the Sensex at the Bombay Stock Exchange declined 524.96 points, or 0.89%, to end at 58,490.93, on Monday, September 20, 2021. The Nifty at the National Stock Exchange dropped 188.25 points, or 1.07%, to 17,396.90. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, September 21, 2021. List of such five stocks:

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Paras Defence IPO: The Rs 170.7 crore initial public offering (IPO) of Paras Defence and Space Technologies Limited will open for bidding today, i.e., September 21, 2021, and will close on Thursday, September 23. The price band for the issue of the Mumbai-based defence company has been fixed at Rs 165-175 per share. The issue comprises a fresh issue of Rs 140.6 crore by the company and an offer for sale of up to 17,24,490 equity shares worth Rs 30 crore by existing shareholders including Paras Defence promoters. Retail investors can subscribe to the IPO by placing bids in the lot of 85 equity shares and multiples of 85 thereafter. Besides, Paras Defence and Space Technologies on Monday said that it has garnered Rs 51.23 crore from anchor investors, ahead of its initial public offering (IPO) from Tuesday. The company has allotted 29,27,485 equity shares to anchor investors at Rs 175 apiece. Abakkus Emerging Fund (22.7%), HDFC Trustee (16.7%), Nippon Life (16.7%), Saint Capital Fund (9.76%) and Ashoka India Equity Investment Trust Plc (34.16%) participated in the anchor book.  

SBI Cards: Private equity firm Carlyle Group is looking to offload a 3.4% stake (around 3.2 crore shares) in SBI Cards and Payment Services worth $443 million (Rs 3,267.2 crore). The sale price has been fixed at Rs 1021 to Rs 1072 apiece, which is at a discount of 4.6% than Monday’s closing price of Rs 1071.70 at the BSE. As of March 31, 2021, CA Rover Holdings held a 6.50 per cent stake in the company.

Cadila + Pfizer

Cadila Healthcare: Zydus Healthcare Limited, a wholly-owned subsidiary of the Company has entered into an agreement on Monday with Integrace Private Limited to sell two brands viz. Mifegest and Cytolog.
Pfizer: The company on Monday said that its COVID-19 vaccine works for children ages 5 to 11. The vaccine was found safe for children during the clinical trials. 

Nestle: Suresh Narayanan, chairman and managing director of food and beverage major Nestle India has said that 2022 clearly seems to be a difficult year due to an increase in commodity prices. Globally, coffee and edible oil prices have led to cost escalation of 4-5%. The company has raised prices by 1-3 per cent (depending upon categories). According to Narayanan, growth in e-commerce is gradually coming down, while modern trade has begun to show traction with people on the move. 

Bulk Deals

Kolte Patil: PGIM India Mutual Fund bought 5,00,000 shares at Rs 314.36/ share.
Windlas Biotech: Kuber India Fund sold 113,468 shares at Rs 379.73/ share.