Coal India: The government has decided to divest a 9 per cent stake in Coal India through a two-day offer for sale starting Wednesday, which is expected to fetch the Centre about Rs 14,000 crore at the floor price, including a greenshoe option.
Tata Motors, Vedanta NSE -1.33 %, L&T: Larsen & Toubro, Lupin, Tata Motors, Vedanta, Dabur India, Canara Bank, Syndicate Bank, MOIL, Adani Enterprises, Adani PowerNSE -1.34 %, Ajanta Pharma and Escorts are among dozens of companies, which will announce their quarterly results later in the day.
Crisil , Care Ratings and ICRA: The regulator is discussing a proposal under which credit rating agencies separate their rating entity and the non-rating businesses to avoid conflicts of interest.
Tech Mahindra: The IT firm posted 27.29 per cent year-on-year (yoY) rise in net profit at Rs 1,064.33 crore for the quarter ended September 30. Analysts in an ETNow poll had estimated the profit figure at Rs 1,012.80 crore.
SBI , DHFL: Dewan Housing Finance, the precipitate fall in the stock of which last month triggered the current bout of equity-market corrections, would join India’s biggest bank in raising collectively about Rs 6,500 crore through bon d sales, pointing to the likely return to normalcy for Mumbai’s debt markets.
IDFC Bank: The bank has sold more than Rs 2,400 crore of stressed assets to Edelweiss Asset Reconstruction Company for Rs 622.6 crore, a loss of 75 per cent on the exposure, as it sought to clean up books ahead of the pending merger with non-banking finance company Capital First.