Stocks in Focus on December 17: Cipla, Equitas Holdings, NIIT Tech; here are the 5 Newsmakers of the Day

Indian stock markets closed in a red on Monday, December 16, 2019. Indices were dragged down by losses in auto, metal and energy indices. However, there were some stocks came in news after the market was closed for trading purposes and can impact the indices when they will reopen on Tuesday, December 17, 2019. Here is a list of five such stocks:

Cipla Ltd: The pharma major, Cipla, on Monday said that it has acquired the brand name and trademark rights of Vysov & Vysov M (Vildagliptin + Metformin) of the anti-diabetic drug, Vildagliptin for the Indian market. The company has been co-marketing Vildagliptin in agreement with Novartis. It is currently available across the country.

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Equitas Holdings: Equitas Small Finance Bank on Monday filed draft red herring prospectus (DRHP) with the capital market regulator SEBI for its proposed initial public offering (IPO). The IPO comprises of a fresh issue aggregating up to Rs550 crore and an offer for sale of up to 8 crore equity shares by Equitas Holdings Limited. 

Raymond: Promoter Group on December 12 acquired additional 5.16% stakes of the company through Compulsory Convertible Preference share (CCPS).  

NIIT Technologies Ltd: The company on Monday said its board will meet on December 23, 2019, to consider and approve the proposal for Buy-Back of the fully Paid-up Equity Shares of the Company.  

Apollo Hospital: Released 7.56% pledged stakes from Catalyst Trusteeship.