Post conversion, the government would likely hold around 35.8 per cent of the total outstanding shares
The S&P/ASX 200 index ended 0.66% higher at 7,438.9 after falling for two straight sessions.
The blue-chip CSI300 index rose 1%, with the consumer staples sector up 1.06%, resources firms up 2.63% and industrial firms up 2.28%.
"For Tier-1 companies, the overall growth could be about 4.2% on a constant currency. Tier-2 companies would do even better than the Tier-1 companies."
A total of 6,534 shares changed hands on the counter till 01:44PM (IST).
The benchmark Nikkei index rose 1.92 percent, or 543.18 points, to 28,765.66, while the broader Topix index added 1.64 percent, or 32.54 points, to 2,019.36.
A total of 1,886 shares changed hands on the counter till 12:43PM (IST).
The board of directors of the bank FedFina in a meeting on January 11, 2022, has approved initiating the process of an initial public offering (IPO) by way of fresh issue and offer for sale, Federal Bank said in a regulatory filing.
Lupin Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 42717.22 Crore) operating in Pharmaceuticals sector.
A total of 263 shares changed hands on the counter till 11:52AM (IST).
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