Zee Entertainment, Coal India, HDFC AMC, NTPC, IndusInd Bank, Indian Overseas Bank at a glance

SGX Nifty was signaling a flat to negative start for domestic stocks on Thursday morning. Sensex and Nifty have already corrected for two consecutive days, but still remain close to their all-time highs. During the monthly futures and options expiration session, the indices should trade within a range. “The Nifty expiration is expected to be in the range of 17600-17700 as data from Bank Nifty suggests a flat expiration,” said Rahul Sharma, director and head of research, JM Financial. While the indices may remain limited to a range, the specific equity action may continue on Dalal Street today.

Zee Entertainment Companies: Zee continues to focus as Invesco Developing Markets Fund and OFI Global China Fund LLC filed a lawsuit against the company in the NCLT urging the court to order an EGM of the company. Both Invesco and OFI Global have requested the ouster of Punit Goenka, the chief executive of the company.

HDFC Asset Management Company: On Wednesday, Standard Life Investment, the company’s foreign promoter sold 1.06 crore of the company’s shares at Rs 2,873 per share, according to bulk transaction data. In addition, the emerging markets equity fund T. Rower Price bought 15.19 lakh shares of the company.

Indian Overseas Bank: The Reserve Bank of India announced on Wednesday that it was removing the Overseas Bank of India from its rapid corrective action framework. India Overseas Bank had been under the PCA framework since 2015.

Persistent systems: The company announced on Wednesday the acquisition of Software Corporation International (SCI) and its subsidiary Fusion360. Persistent Systems also acquired New Jersey-based Shree Partners and its Indian subsidiary Shree Infosoft. Persistent will acquire 100% of these two companies for a cash payment of $ 53 million for SCI and $ 6.87 million for Shree’s US and Indian operations.

Coal India: Wednesday’s PSU form indicated that from October, the company aims to increase the coal supply to power plants to 1.5 MT per day and will reach 1.6 MT per day by the end of the month. Earlier this week, Coal India supplied 1.4 million tonnes of fuel per day.

NTPC: India’s largest power producer, NTPC, said its shareholders had approved the raising of Rs 18,000 crore through a private placement of non-convertible debentures (NCDs) to meet capital expenditure and funding needs. working capital of the business.

Bank of Industry: The private sector lender said on Wednesday it had acquired 4.79% or 50 lakh of shares in McLeod Russel India Limited. IndusInd Bank said the acquisition was made by citing pledged shares.