Top 5 stocks in focus on October 24: Airtel, ICICI Bank to Sun Pharma, here are the 5 newsmakers of the day

Indian markets closed in the red on October 23, 2018, but there were certain stocks that came in the news thereafter that may have an impact on the market on October 24, 2018. Here is the list of five stocks:

Bharti Airtel: Six global investors including Warburg Pincus, Temasek, Singtel, SoftBank Group International among others will invest $125 crore in Bharti Airtel's subsidiary Airtel Africa. The investment to be made through a primary equity issuance in the subsidiary will be used to bring down the Africa based operator’s debt from $500 crore and grow its business. 

ICICI Bank: The bank has said that it will conduct a fresh inquiry in Chanda Kochhar case. Law firm  Cyril Amarchand Mangaldas withdrew its ‘clean chit report’ to former ICICI Bank chief executive officer (CEO) Chanda Kochhar with regard to nepotism allegations against her.  

NLC India Limited: The coal mining PSU's buyback offer of 141.9 million equity shares, which is 9.28 per cent of the total equity shares, will open today, October 24, 2018. The buyback will be carried out a price of Rs 88 per equity share, for a total consideration of Rs 1248 crore. 

Sun Pharmaceutical Industries: The drug major has launched its plaque psoriasis treatment drug Ilumya (tildrakizumab-asmn) in the strength of 100 mg/mL in the US market. Ilumya offers a new, safe and effective treatment option for people who are still struggling to manage their moderate-to-severe plaque psoriasis. 

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SKF India Ltd.: The board of directors of SKF India Ltd will meet today, on October 24, 2018, consider a proposal for buyback of fully paid-up equity shares. The board will also consider and approve the financial results for the period ended September 30, 2018.