On the stock exchanges, the Sensex on the Bombay Stock Exchange rose 514.34 points, or 0.88%, to close at 59,005.27, on Tuesday, September 21, 2021. The Nifty on the National Stock Exchange it advanced 165.10 points, or 0.95%, to 17,562. But certain stocks made the news after the market closed. These stocks may affect the indices when they reopen on Wednesday, September 22, 2021. List of these five stocks:
Best Defense IPO: Paras Defense and Space Technologies Limited's 170 million rupee initial public offering (IPO) was subscribed 16.57 times on Tuesday, the first day of bidding. The QIB portion was subscribed at 1% on the first day, while the Non-Institutional Investor (NII) and Retail portions were subscribed 3.77 times and 31.36 times, respectively. The subscription will close on Thursday, September 23, 2021. The price band for the Mumbai-based defense firm's issue has been set at Rs 165-175 per share. The issue comprises a new issue of Rs 140.6 crore by the company and an offer to sell of up to Rs 17,24,490 equity shares worth Rs 30 crore from existing shareholders, including promoters of Paras. Defense. Retail investors can subscribe to the initial public offering by bidding on the 85 share lot and multiples of 85 thereafter.
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KEC International: Leading engineering, procurement and construction company KEC International Ltd said Tuesday that it has received orders worth 1,157 million rupees across its various businesses. In the transmission and distribution segment, it has bagged orders worth Rs 663 million for projects in the Middle East, Africa and the Americas. In the rail segment, it has orders of Rs 220 crore for 2 x 25 kilovolt (kV) overhead electrification and associated works to accelerate gradation in India. In the civil segment, it has secured an order for Rs 173 million for the construction of a new airport terminal building and associated works in South India. In the cable business, it has obtained orders of Rs 101 crore for various types of cables in India and abroad.
Torrent Power: Torrent Power Limited has entered into a share purchase agreement with CESC Limited, Haldia Energy Limited and other nominee shareholders for the acquisition of 100% of the capital stock of Surya Vidyut Limited (SPV), a wholly owned subsidiary of CESC Limited. Surya Vidyut operates 156 MW wind power plants (the Projects), distributed in the states of Gujarat, Rajasthan and Madhya Pradesh. The estimated business value for this acquisition is approximately Rs 790 million. Surya Vidyut's turnover in fiscal 2021 stood at Rs 117.39 crore.
Nazara Technologies: Publishme Global FZ LLC, one of the Company's wholly owned subsidiaries, has entered into definitive agreements with Arrakis Tanitim Organizasyon Pazarlama San. Tic. Ltd. Sti. (Publishme) and the founders and shareholders of Publishme and Nazara Technologies FZ LLC. Has signed an agreement for the proposed acquisition of a 100% stake in Publishme through the secondary purchase of Publishme's existing founders and shareholders and a subscription of a 30.82% stake by Publishme's founders in Publishme Global FZ LLC. After the completion of the two previous transactions, Publishme Global FZ LLC, will have a 69.18% stake in Publishme. The shares were acquired for Rs 17.2 crore Publishme is a full service game publishing and marketing agency that works extensively with game publishers in Turkey and the MENA region.
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SBI Cards: CA Rover Holdings sold 3.2 million shares at 1,021.25 / share. Societe Generale bought shares for 85.06 lakh at 1021 / share.
