Headline indices BSE Sensex and Nifty 50 had been eyeing a unfavorable opening but once more on Thursday, immediately after investors lost Rs 3.27 lakh crore in the preceding session. On the back of increasing coronavirus circumstances in the nation, Sensex plunged 871.13 points, although NSE Nifty closed at 14,549. Markets could witness volatility as March F&O contracts will expire on Thursday. Besides, industry participants will closely watch the RBI Governor Shaktikanta Das address in the 7th edition of the India Economic Conclave late in the day.
Laxmi Organic, Craftsman: Laxmi Organic Industries and Craftsman Automation stocks will make their stock industry debut on Thursday. Laxmi Organic IPO was subscribed 107 occasions and was sold in a value band of Rs 129-130 per share. While Craftsman situation was sold in the value variety of Rs 1,488-1,490 per share involving March 15-17, 2021. The IPO saw a 3.82 occasions subscription.
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Jubilant FoodWorks: Jubilant Foodworks Limited announced that it has entered into an exclusive Master Franchise and Development Agreement with PLK APAC Pte. Ltd to create, establish, personal and operate hundreds of Popeyes restaurants in India, Bangladesh, Nepal and Bhutan in the coming years.
Rail Vikas Nigam Ltd: RVNL has informed BSE about the physical exercise of oversubscription choice to the extent of 1.10 crore equity shares (representing .53% of the total issued and paid-up equity share capital of the organization) in addition to the base give size. The OFS will open for retail investors on Thursday.
Canara Bank: Canara Bank on Wednesday stated it is organising an auction of 2,000 borrower properties in its possession on Friday. The properties, which involve residential flats, apartments, independent homes, industrial lands, industrial complexes, workplace spaces and vacant lands, will be sold by way of an e-auction below the provisions of the Sarfaesi Act, an official statement stated.
GAIL India: GAIL India desires to acquire out the complete 26 per cent stake of Greater Calcutta Gas Supply Corporation (GCGSCL) in its joint venture, Bengal Gas Company (BGCL), to make it its personal one hundred% subsidiary. However, the West Bengal government-owned GCGSCL is unwilling to transfer any share.