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PRE-MARKET INDIAN STOCKS NEWS: Bank of Baroda (BOB IS) plans to divest up to 7.69mln NSE shares,

StockNow breaking-news AI analysis

Indian pre-market developments highlight Bank of Baroda's planned NSE share divestment, debt placements by Bajaj Finance and Tata Capital, Biocon's block deal, and contract wins by TCS and Innovision.

News detail

Bajaj Finance (BAF IS) - Co. allotted 205k secured non-convertible debentures aggregating INR 20.50bln via private placement, with an 8.07% annual coupon and maturity on 25th March 2030. (Economic Times) Bank of Baroda (BOB IS) - Co. plans to divest up to 7.69mln NSE shares, representing 35% of its holding, through an Offer for Sale as part of NSE’s proposed IPO, subject to regulatory approvals. (Economic Times) Biocon (BIOCON IS) - Active Pine is reportedly looking to sell up to 16.6mln shares, or a 1% stake, in the Co. through a block deal worth around INR 6.38bln. (Economic Times) Innovision (INNOVISION IS) - Co. received an LoA worth INR 2.44bln for user-fee collection at toll plazas across sections of NH-3 and NH-39 in Madhya Pradesh. (Moneycontrol) Tata Capital (TATACAP IS) - Co. allotted INR 30bln of secured non-convertible debentures through a private placement. (Economic Times) Tata Consultancy Services (TCS IS) - Co. secured an INR 1.23bln contract from the Odisha government to implement OSWAS 3.0, extending its partnership by around six years. (Economic Times)

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