Singapore Stock Exchange Nifty futures traded 143 points, or 0.81%, down to 17,573, indicating equity markets may be off to a bad start for Thursday. The following 10 stocks can show significant price movements. To check more hot stocks, click: https://www.indiainfoline.com/markets/hot-stocks
National Bank of India:
The public sector lender said the sale of bonds with a coupon rate of 7.57% raised Rs 4,000 crore. Basel III-compliant Tier II bonds were used to raise funds.
The country’s largest private lender has partnered with Refinitiv, a division of the London Stock Exchange group. One of the world’s largest providers of financial market data and infrastructure is Refinitiv. The partnership aims to modernize digitally, attract new customers and reduce expenses.
National Bank of Punjab:
By selling additional Basel III compliant Tier-1 bonds with an annual interest rate of 8.3% through a private placement, the public sector lender raised Rs 658 crore.
The fintech company will invest Rs 250 crore in Paisabazaar Marketing and Consulting and Rs 650 crore in Policybazaar Insurance Brokers.
Kirloskar oil engines:
The diesel engine maker announced that Anurag Bhagania has been appointed as the company’s chief financial officer, effective September 22.
Triveni Engineering and Industries:
The Sugar Company said it sold its full 21.85% share in Triveni Turbines for around Rs 1,600 crore.
The government-run institution has been given the designation of Central Public Sector Enterprise “Maharatna”. As a result, REC will have greater financial and operational independence.
As Triveni Engineering & Industries sold its entire stake, Abu Dhabi Investment Authority, the Government of Singapore, Plutus Wealth Management, The Nomura Trust & Banking Company and other mutual funds acquired stakes in the company at a average price of Rs 226.7.
The company missed interest payments totaling Rs 15.73 crore on non-convertible debentures. Payment was due September 20, 2022.
Green energy KPI:
The utility company recently secured a new order from Greenlab Diamonds LLP, Surat, to execute a 5.40MW hybrid wind-solar power project in the “captive power generator business category” .
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