SKF India Spins Off; Tata Capital IPO Begins; Taylor Swift's Concert Film Grosses USD 46M
Nordic Capital, a major shareholder, has announced the spin-off of SKF India. Meanwhile, the IPO subscription for Tata Capital begins today, and several key stocks are in the spotlight for October 6. In entertainment news, Taylor Swift's latest concert film has grossed USD 46 million worldwide.
The spin-off of SKF India involves its listing on stock exchanges as SKF India Industrial. The record date for this demerger is set for October 15. Nordic Capital, which is also a shareholder in the company, is behind this announcement.
Turning to the stock market, the IPO subscription for Tata Capital starts today. The grey market premium, price band, and lot size details are available. Investors should also note that four stocks have hit their ex-dividend date, with payouts and bonus issues. Key stocks to watch on October 6 include HDFC Bank, Infosys, Vodafone Idea, and Vedanta, among others.
In other news, the subscription date for the Canara HSBC Life Insurance IPO is out, along with details of the offer for sale (OFS) and registrar information. NSDL has also approved a dividend for its shareholders, with the credit date announced.
In the United States, the Trump administration has issued a memo to MIT and eight top universities.
The spin-off of SKF India and its listing on stock exchanges is expected to reshape the industrial sector. The Tata Capital IPO subscription starting today offers investors an opportunity to participate in the financial services sector. Meanwhile, the dividend approved by NSDL and the IPO of Canara HSBC Life Insurance are other notable developments in the market. The memo issued by the Trump administration to top US universities is also a significant development to watch.
