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stock alerts / SBI in focus
SBI in focus
Feb 25 2020
Indian Intraday Stock Market Shares of SBI in relation to the proposed initial public offering of one of its subsidiaries, SBI Cards, State Bank of India (SBI) said that the IPO committee of SBI Cards has finalised the price band to range between Rs 750 to Rs 755 per equity share
HDFC Bank said managing director Aditya Puri sold 12,52,037 equity shares of the bank from 11-12 February 2020. Puri intends to sell some more shares held by him through previous stock options to exercise stock options already vested in his name.
Hindustan Unilever (HUL) said the board of directors approved a proposal to form a new 100% subsidiary with an authorised share capital of Rs 2000 crore. This new subsidiary will leverage the growth opportunities in a fast-changing business environment and will help HUL in becoming more agile and customer-focused.
HDFC Life Insurance Company, Bandhan Bank and Info Edge (India) will be added in the Futures & Options segment effective 28 February 2020, the NSE said in its circular on 24 February 2020.
TVS Motor Company said the outbreak of Coronavirus has led to impact on supply of certain components for production of BS-VI vehicles. While the company's direct dependency on China is limited for components, some Tier II suppliers have been impacted adversely which will lead to 10% drop in the planned production in February 2020
JSW Steel said the company has been declared as a preferred bidder for an Iron Ore mine (Jajang Iron Ore Block of Keonjhar District) in the State of Odisha, in the Auctions held by the State Govt. of Odisha on 6 February 2020. The projected iron ore resource as on 31 March 2020 in this mine as per tender documents is around 39.40 million tonnes