Here are the top stocks that are likely to be in focus today:
Wipro: Set to be its biggest ever buyout, Wipro will acquire London-headquartered Capco in a $1.45 billion (over Rs 10,500 crore) deal.
Heranbas Industries: Shares of Heranba Industries will list on the bourses today. The issue price has been fixed at Rs 627 per share.
Axis Bank: The private lender, on Thursday, said that one of its promoters, National Insurance Company, has asked it to classify the insurer as a public shareholder.
Mindspace REIT: Mindspace Business Parks REIT plans to raise up to Rs 450 crore through the issue of debt securities.
ET Banking/Finance NEWS
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ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: Report
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ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: ReportPTI
Last Updated: Mar 04, 2021, 07:30 PM IST
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Synopsis
Quoting unnamed RBI officials, a media report earlier this week said the monetary authority is not comfortable with banks owning controlling stake in non-core businesses like insurance ventures which are capital guzzlers and wants banks to cap ownership in insurance arms/ companies at a maximum of 20 per cent.
Agencies
Current regulations allow banks to own over 50 per cent stake in insurance arms.