Nuvoco Vistas Corp makes weak debut on bourses

New Delhi
Shares of cement manufacturer Nuvoco Vistas Corporation Ltd made a weak debut on bourses, with its shares falling over 7% on closing when compared to its issue price. On BSE, the scrip, whose issue price was Rs 570 apiece, started trading at Rs 471, which translates to a discount of 17.3%. It ended the day at Rs 531.3, down 6.78% in comparison to the issue price. PTI

New Delhi
Eicher Board re-appoints Siddhartha Lal as MD
Eicher Motors on Monday said it has ‘unanimously’ decided to re-appoint Siddhartha Lal as MD of the company with effect from May 1, 2021, with changes in his remuneration package, a week after the company’s shareholders rejected the proposal. PTI

New Delhi
16 bankers in race for managing LIC public offer
As many as 16 merchant bankers are in the race to manage the initial public offering of LIC — touted to be the biggest share sale in the country’s history. These bankers will make a presentation before the Department of Investment and Public Asset Management on August 24 and 25. PTI

New Delhi
Tata Motors to launch mini SUV Punch soon
Tata Motors on Monday said it will launch its mini SUV Punch in the ongoing festive season. It is based on the H2X concept, which Tata Motors had showcased at the Auto Expo 2020. It will be positioned below SUV Nexon and is expected to hit the market around Diwali. PTI