Stocks in Focus on January 31: ITI FPO, Kotak Mahindra Bank to CPSE ETF; here are expected 5 Newsmakers of the Day

The domestic share market corrected sharply on Thursday, January 30, 2020, amid weak global cues. But certain stocks came in news after the market was closed and can impact the indices when it reopens in the morning on Friday, January 31, 2020. Here is the list of five stocks:

ITI FPO Update: Today is the last day for ITI Limited's follow-on public offer (FPO), which remained unchanged on the fifth day of bidding. It was subscribed 49 per cent Yesterday. The reserved category for retail investors has seen a 98 per cent subscription, while that of qualified institutional buyers is 49 per cent and non-institutional investors at 16 per cent. ITI Ltd plans to raise Rs1,400 crore of which Rs607 crore will be utilised for repaying loans.

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Kotak Mahindra Bank: The bank on Thursday said that the RBI has in-principle accepted promoters voting rights in the bank to be capped to 20% of paid-up voting equity share capital (PUVESC) until March 31, 2020. Thereafter, the promoters' voting rights in the bank needs to be capped at 15%. And within six months - from the date of final approval of the RBI - the promoters’ shareholding in the bank needs to be reduced to 26%. As on December 31, promoters held 29.96% stake in the bank.

Telecom Companies in Focus: The Supreme Court is likely to list the modification appeal filed by the telcos, Bharti Airtel/Vodafone Idea, against the deadline for their statutory adjusted gross revenue (AGR) dues on February 3, a notification said Thursday.

PNB Housing: IFC and KB Financial Group may buy a minority stake in the company. 

CPSE ETF: The seventh tranche of the Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF) will open for retail investors today. The anchor investors section was subscribed more than three times to the tune of Rs 9,200 crore.