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The base deal would be for 28 million equity shares, representing 1.41% of total shares outstanding, with a greenshoe option of 12 million equity shares, representing 0.60% of total shares outstanding in case of oversubscription, according to a term sheet.

The Dow Jones Industrial Average fell 58.62 points, or 0.17%, at the open to 34,748.84.

Options data helps us fairly conclude that unless the zone of 17,350-17,500 is taken out convincingly, there are greater possibilities of the markets facing corrective pressure at higher levels.

Nestle India key Products/Revenue Segments include Milk Products, Prepared Dishes & Cooking aids, Confectionery, Beverages (Powdered), Export Incentives, Other Operating Revenue for the year ending 31-Dec-2020.

​​ In a circular on Wednesday, the watchdog said such applications seeking approval for the proposed change in control of the Sponsor and/or Manager of the AIF can be filed with Sebi prior to filing the applications with the National Company Law Tribunal (NCLT).

GMR Power and Urban Infra, an entity that was formed after the demerger of the non-airports business of GMR Infrastructure, had a forgetful first day as it tanked 5 per cent to close at Rs 44.20.

“One should stick to one’s own investment philosophy. Just because commodities did well in the last four, five months, does not mean that growth had a reasonable price and quality investing is out of fashion. And there is no one answer, no strategy works well in all conditions. So one has to stick to one’s own style, one’s own conviction and take the calls accordingly.”

The regulator imposed a fine of Rs 4 crore on DCHL, Rs 1.30 crore each on T.Venkattram Reddy, T. Vinayak Ravi Reddy, Rs 20 lakh on N Krishnan and Rs 10 lakh on V Shankar.

The Nifty IT index closed 0.03 per cent up at 36082.0.

The stock quoted a 52-week high price of Rs 5899.9 and low of Rs 2677.0.