Domestic equity benchmark indices declined for the second straight day on Wednesday, September 8, 2021, amid weak global cues. The S&P BSE Sensex lost 29 points or 0.05% to end at 58,250. The Nifty at the National Stock Exchange fell just 9 points or 0.05% to close at 17,354. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Thursday, September 9, 2021. List of such five stocks:

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SBI Life: Canada Pension Plan Investment Board (CPPIB) is set to sell a 2 per cent stake in SBI Life Insurance Company through block deals on Thursday. CPPIB will sell the stakes of SBI Life in a price band of Rs 1,159 to Rs 1,220 (a discount of 0-5% may apply). As of June 30, Canada Pension Fund held a 2.86 per cent stake in the company. 

UCO Bank + J&K Bank

UCO Bank: Reserve Bank of India (RBI) on Wednesday decided to take the state-owned UCO Bank out of the prompt corrective action (PCA) restrictions. The UCO Bank was put under the so-called PCA framework in May 2017. 
J&K Bank: As per the annual report of the Bank, Radhakishan Damani holds a 0.33% stake in the company while Kirandevi Gopikishan Damani holds a 0.33% stake in the company

Gokaldas Exports: The company has commenced commercial production at its new manufacturing unit situated at Khata in Bengaluru after successfully obtaining licenses and clearances from all the relevant stakeholders. On achievement of full ramp up and productivity, the unit will contribute about 4.5% to our current capacity.

Tejas Networks: The Board of Directors of the company has approved Panatone Finvest Limited to issue preferential issues on a private placement basis. 1,93,79,845 Equity Shares, having a face value of Rs 10/- each will be issued at Rs 258/- per Equity Share. 3,68,21,706 warrants, each carrying a right to subscribe to one equity share at an exercise price of Rs 258/- per equity share, which may be exercised in one or more tranches during the period commencing from the date of allotment of the warrants until the expiry of 11 months from the date of allotment of the warrants (“Series A Warrants”). 1,55,03,876 warrants, each carrying a right to subscribe to one equity share at an exercise price of Rs. 258/- per equity share, which may be exercised in one or more tranches during the period commencing from the expiry of 12 months from the date of allotment of the warrants until the expiry of 18 (eighteen) months from the date of allotment of the warrants (“Series B Warrants”). Panatone Finvest Limited is a subsidiary of Tata Sons Private Limited. The open offer was announced on July 29, 2021, and the draft letter of offer was released on August 12, 2021. 

Jindal Steel and Power Ltd.: The company has made a pre-payment of $10.56 crore (approx. Rs 777.4 crore) to the lenders of its arm Jindal Steel & Power (Australia) Pty Ltd. The pre-payment has helped reduce the Australian debt by approx. 50%. In a statement the company said, JSPL is committed to becoming a net debt-free company by FY23 through accelerated deleveraging and overseas debt will be completely paid in coming quarters.