DSIJ Mindshare

Overnight Digest: Stocks likely to be in focus on October 10

Watch out for these stocks on Monday.

Shreya Chaware 0 3413 Article rating: 4.6

On Friday, Indian equity markets ended on a flat note. Nifty 50 closed the last trading session of the week at 17,314.6 in the red territory, marginally down by 0.10 per cent. Top gainers of the index were Titan, Power Grid Corporation, ONGC, IndusInd Bank and Grasim. 

Quess Corp: Reinforcing Corporate Structure Simplification and Unlocking Value

For Quess, a strategic investment of Rs.4.5 crore for its total 53 per cent shareholding made between Oct-16 and Aug-18 has yielded an enterprise value of Rs.120 crore.

Shreya Chaware 0 540 Article rating: 4.1

Quess Corp Ltd, India’s leading business services provider, announced today that it has entered into definitive agreements to divest its stake in the digital risk and compliance services company, Simpliance Technologies Private Limited to Aparajitha Corporate Services, a leading HR compliance services company and its affiliates. The deal is valued at an Enterprise Value of INR 120 crores, on a cash and debt-free basis, subject to closing adjustments and fulfilment of conditions set out in the transaction document.

Muthoot Finance to raise Rs 300 crore in their 28th Public Issue of Secured Redeemable Non-Convertible Debentures

This issue of Secured Redeemable Non-Convertible Debentures will be open to subscription starting October 6, 2022 till October 28, 2022

Shreya Chaware 2 927 Article rating: 4.3

Muthoot Finance Ltd has announced its 28th public issue of Secured Redeemable Non-Convertible Debentures of the face value of Rs1,000 each. The issue is with a base issue size of Rs 75 crore with an option to retain over-subscription up to Rs 225 crore aggregating up to the tranche limit of Rs 300 crore. This issue will be open from October 6 and will close on October 28, 2022, with an option to close on such an earlier date or an extended date as may be decided by the Board of Directors or NCD committee.

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