Stocks in news: IndusInd Bank, Zomato, Saraswati Saree Depot, HCL Tech, Poly Medicure

Benchmark indices ended on a flat note in a lacklustre trade on Monday, as investors preferred to remain on the sidelines awaiting further triggers. In today’s trade, shares of IndusInd Bank, Zomato, Saraswati Saree Depot, HCL Tech, Poly Medicure among others will be in focus due to various news developments.

IndusInd Bank

IndusInd Bank has received a Reserve Bank of India (RBI) nod to set-up a mutual fund asset management business.

Saraswati Saree Depot

The shares of Saraswati Saree Depot will debut at the bourses today and the stock is expected to list at a premium of about 30%, going by the GMP trends.

Zomato

Antfin Singapore will likely sell shares in Zomato worth $408 million at floor price of Rs 251.68 per share via block deal.

Poly Medicure

Poly Medicure has launched a qualified institutional placement to raise Rs 1,000 crore, offering shares at Rs 1,850-1,880 apiece.Motilal Oswal

The Board of Motilal Oswal Financial Services approved issuance of NCDs worth Rs 200 crore (base issue of Rs 100 crore and a green shoe option of Rs 100 crore) on a private placement basis.

Hi-Tech Pipes

Hi-Tech Pipes approved to raise funds up to Rs 600 crore through qualified institutional placement or other modes.

Sapphire Foods

Sapphire Foods, which operates KFC in India, has fixed September 5 as the record date for upcoming stock split.

HCL Tech

HCL Tech has appointed Shiv Walia as chief financial officer of the company with effect from September 6, 2024.