Benchmark indices closed higher in a highly volatile trade on Monday as investors turned cautious ahead of the US Fed’s interest rate decision. Shares of L&T Finance, AB Sun Life, TCS, Tata Steel, P&G India, and other companies will be in focus due to various developments.
L&T Finance Holdings has approved raising Rs 1.01 lakh crore through the issuance of non-convertible debentures. The promoters of AB Sun Life are proposing to sell up to 11.47% stake in the company through an offer for sale. P&G India has announced the appointment of a new CEO, while Tata Steel is ceasing operations of coke ovens at its Port Talbot plant in the UK. Sonata Software has signed a joint Go-to-Market agreement with Zones LLC, and Veritas (India) in consortium with Genesys International Corp has received a letter of acceptance from the Brihanmumbai Municipal Corporation (BMC) for a development project. Tata Sons is offering to sell shares of TCS in block deals.
