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Market LIVE Updates: Indices near day's high with Nifty around 11K; HDFC Bank in focus post earnings

Date – 20/7/2020

Source - Moneycontrol

Benchmark indices opened higher with Nifty reclaimed 11000 level amid mixed global cues. HDFC Bank, Coal India, ICICI Bank, HCL Technologies and UPL are among major gainers on the Nifty.

 

Markets regulator Sebi on Friday came out with a mechanism to provide exit option to dissenting unitholders of emerging investment vehicles REITs and InvITs. Sebi said the acquirer will facilitate tendering of units by the unitholders and settlement of the same through the stock exchange mechanism for the purpose of takeover, buy-back and delisting in case of equity listed companies.

An acquirer providing exit option to dissenting unitholders of REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) needs to appoint one or more merchant bankers as lead manager(s) for the exit offer, Sebi said in two separate circulars.



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