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Lenders expect to close the transaction by the first week of November. It will involve NARCL acquiring ₹9,234 crore of stressed loans. In the first week of October, NARCL gave a ₹3,570-crore binding bid for the loans held by public sector banks, triggering a Swiss challenge auction.

Latest data from the Reserve Bank of India (RBI) showed banks borrowed ₹73,297 crore from the central banks through different LAF windows in a drastic change from the situation just five months ago in May when as much as ₹3.10 lakh crore was kept with the central bank in excess liquidity.

Aditya Birla Sun Life AMC, co-owned and backed by Aditya Birla Group and Sun Life Financial Inc of Canada, got listed on the stock exchanges in October 2021. Shares of the company closed 1.44 per cent up at Rs 433.50 apiece on BSE.

Given the discount at which the deal took place, the stock remained under pressure in trade and ended nearly 5% down at Rs 343.45 on the NSE

SSFL is registered with the Reserve Bank of India (RBI) since April 2015. Pursuant to its initial public offer, its shares were listed on the BSE and NSE on August 2019

Nevertheless, as the company commands a strong brand, cost efficiencies as well as a healthy balance sheet, the brokerage sees the cement major to post healthy revenue growth in CY21-23E despite high base

S&P BSE Sensex rose 213 points to settle at 59,757, while Nifty50 closed above the 17,700 mark.

The company has fixed November 4 as the record date

Under the OFS, promoter Devesh Sachdev will present up to 6.5 lakh equity shares. Further, Mini Sachdev will sell up to 1 lakh shares while Honey Rose Investment and Creation Investments will divest 14 lakh shares each.

Gross non-performing assets (NPAs) were reduced to 1.70 per cent of gross advances as of September 30, 2022 from 3.31 per cent by the end of September 2021.