Monday, October 26
Stock exchanges BSE and NSE will hold a special pre-open trading session today from 9 am to 10 am in bluechip ITC shares as part of a price discovery process for ITC Hotels which is getting demerged from the parent company.For about 36 lakh shareholders of Kolkata-based diversified conglomerate ITC Ltd, today (January 6) is the record date for the much-awaited demerger of the company's hotel business.While ITC Hotels shares will not get listed today, bourses will create a dummy ticker and include it as the 51st Nifty stock and 31st Sensex stock till the actual listing happens in the next few weeks. Until then, you can't buy or sell ITC Hotels shares.ITC share price to fall after demergerUnder the special call auction session, ITC Hotels share price would be computed using the difference be
Standard Glass Lining Technology IPO will open for subscription today. The Rs 1,250 crore issue, which is a mix of fresh equity issue of up to Rs 210 crore and an offer of sale of up to 1.42 crore shares, will be available for bidding till January 8.Ahead of the issue opening, the company raised Rs 123 crore from anchor investors.The proceeds from its fresh issue will be utilized for funding of capital expenditure requirements of the company towards the purchase of machinery and equipment, repayment of debt, investment in its wholly owned material subsidiary S2 Engineering Industry, funding inorganic growth through strategic investments and general corporate purposes.Check Standard Glass Lining IPO price bandThe company has fixed a price band of Rs 133-140 per share, where investors can bi
