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Life Insurance Corporation had a 51 per cent stake in the bank as of September 30, while the government had 47.11 per cent.
The Equitas Small Finance has begun exploring the possibility of a merger with a non-bank lender as a follow-up measure to pare promoters’ holding to 40% as mandated by the Reserve Bank of India. The bank’s initial public offer (IPO), which will be open for subscription on October 20, would help it to reduce promoter holding to about 82% from 95%. As per the licensing agreement with RBI, the bank needs to pare it further to 40% by September 2021.
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Analysts said the index did not respect its immediate support at the 11,800 level and felt that the 11,600-500 levels are a possibility in coming days. A move above the 11,750 level is a must for initial sign of strength on Nifty50, they said.
As long as Nifty doesn’t cross and hold above the 11,750 mark, the market could see weakness and drag it towards the next key support in the 11,550-11,500 zone, while on the upside hurdles were seen at 11,800 and 11,850 levels.
Of these total investments, the office segment has attracted the largest share of $1.87 billion, claiming 81% share, followed by warehousing at 10% and residential with 9%, showed a Knight Frank India report.
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IT services firm Mindtree on Thursday reported a net profit of Rs 253.7 crore for the quarter ended September, a rise of 87.9 per cent from a year ago. The Larsen & Toubro-owned firm had reported a net profit of Rs 135 crore in the same quarter a year ago. Its revenue rose 0.6 per cent on a year-on-year (YoY) basis to Rs 1,926 crore.
This is how the 30-pack Sensex fared in today’s session. It touched a high of 41,048.05 and a low of 39,667.47 to finally settle at 39,728.41
CLOSING BELL: Sensex plunges 1,066 pts on Covid, waning stimulus hopes; Nifty below 11,700; VIX jumps 9%
- RIL, banks and IT lead the market fall
- 29 of 30 Sensex stocks end the day in the red
- Index contributors: RIL, HDFC Bank, ICICI Bank, Infosys, TCS
- Top Index gainers: Asian Paints (0.32%)
- Top Index losers: Bajaj Finance (4.92%), TechM (4.10%), ICICI Bank (3.97%)
- All BSE sectoral indices end the day in the red
- S&P BSE Telecom biggest sectoral loser, down 3.54%
- Volume toppers: RIL, Infosys, TCS, HDFC, Kotak Bank
Here are the top losers in the real estate sector
Price as on 15 Oct, 2020 03:28 PM, Click on company names for their live prices.
India is close to drawing up…
Go to the news source: Sensex Crash Today: Traders’ Diary: Nifty has key support in 11,550-11,500 zone