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“We expect Infosys to upgrade its current guidance of 16.5-17.5 per cent constant currency (CC) growth for FY22 to 17-18 per cent in CC terms,” analysts at YES Securities said. The company had reported a 20 per cent revenue growth in the last quarter also, beating Street expectation.

Post conversion, the government would likely hold around 35.8 per cent of the total outstanding shares. Vodafone Group would have 28.5 per cent and Aditya Birla Group would be owning 17.8 per cent stake in the telecom operator.

A total of 138,834 shares changed hands on the counter till 01:25PM (IST).

The S&P/ASX 200 index ended 0.77% lower at 7390.1, extending losses for the second consecutive session. The benchmark fell 0.08% on Monday.

The Nikkei share average fell 0.9% to close at 28,222.48, while the broader Topix slipped 0.44% to 1,986.82.

India is expected to continue gaining share in the emerging markets basket

The stock quoted a 52-week high price of Rs 667.5 and a 52-week low of Rs 391.0.

On the technical charts, the 200-day moving average of the stock stood at Rs 436.76.

​​JSW Group has other business interests also in sectors such as energy, infrastructure, cement, paints, sports and venture capital.

As it sets the stage for the offering, LIC has been sending SMSs to policyholders, and last month started publishing newspaper ads with the title, “It’s best in life to be prepared.”