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"The companies are engaged in preliminary discussions to explore potential strategic options including potential combination and listing of the retail mortgage portfolio of JM Financial and the home finance business of IndoStar Home Finance Private Limited including other mortgage-backed business of IndoStar," JM Financial said in a regulatory filing to stock exchanges.

ET had reported in its February 3 edition that the promoters of IndusInd Bank had received an in-principle nod from the RBI to hike stake in the bank to 26%. To increase the stake Hindujas would need more than ₹10,000 crore.

The (EOIs) were submitted earlier this month and are now being reviewed by the bank to shortlist names for the second phase of the process, which will be opened for a limited number of bidders. Those making the second short-list will get access to more detailed information on the company and its management team.

Shares of ICICI Bank rose over 2.2% to close at ₹905.30 a piece on the NSE on Monday. The stock touched a four-month high of ₹906.50 intraday. The stock has gained nearly 7% in the last month.

The development comes after the UK regulator was said to have shown flexibility regarding earlier hurdles posed by requirements for inspection and audit of the Indian clearing house.

On Monday, yield on the 10-year benchmark government bond eased 6 basis points to settle at 7.10%, the lowest closing level for the benchmark yield since September 13. The yield on the most liquid bond in the secondary market also slid to its lowest levels since September, registering a fall of five basis points.

The Adani Group company said in an exchange filing that it has commenced a tender offer to purchase up to $130 million worth of outstanding 3.375% senior notes due 2024. The transaction will be funded from cash reserves.

Shares of the oil-to-telecom conglomerate advanced for the second day in a row on Monday to settle at ₹2,360.5 apiece on the NSE, up 0.5% from the previous close.

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​​The anchor allocation was done at Rs 1,080 per share, under which Goldman Sachs, Canada Pension Plan, Government of Singapore, and Fidelity Investment Trust, among others, have participated.