Market Bizzz

SBI paid Rs 67.84 crore for the acquisition of 13.42 per cent stake in SBI Global Factors Ltd (SBIGFL), it said.

SBI, the country’s biggest mass lender, plans to raise Rs 4,000 crore in 15-year papers with a 10-year call option that allows early exit for investors should the lender exercise the option. The bonds, rather rare because of their long tenures, would be sold through auctions early next week.

Redington India recently announced its collaboration with Google Cloud, where it will drive the distribution and adoption of Google Workspace and Google Cloud with SMBs, education and public sector, mid-market, and enterprise segments.

The IPO consisted of the fresh issue of 15.8 million shares. The Thoothukudi-based private lender allotted 71,28,000 equity shares to 10 anchor investors ahead of the IPO, raising ₹363.53 crore at ₹510 apiece.

I think it’s partly that, I think it is a psychological level, said Ray Attrill, head of FX strategy at National Australia Bank, of the correlation between the antipodean currencies and the yuan’s decline.

Agro-chemical firm, UPL, has acquired 26 per cent stake in Clean Max Kratos Pvt Ltd, which is into renewable energy. Clean Max was incorporated on July 28 with paid up capital of Rs 1 lakh.

Stocks that were in focus included names like Fortis Healthcare, which closed with gains of nearly 6 per cent, Allcargo Logistics gained more than 5 per cent, and Ambuja Cements ended with gains of nearly 8 per cent.

L&T Finance is seeking to raise up to 5,000 crore via public sale of bonds, which are rated as triple-A by rating companies ICRA and India Ratings