The Union Cabinet may take up today, 20 March 2017, the approval of supporting GST legislations, which will be introduced in Parliament as the government tries to meet the July 1st to be the target date for rollout of the new indirect tax regime. A set of 4 supporting legislations which includes the Compensation Law, the central GST (CGST), integrated GST and Union Territory GST, are expected to go to the Cabinet for approval.
The IPO of CL Educate, which provides education products and content, will hit the markets today. The company has set a price band of Rs 500 – 502 a share and hopes to raise about Rs 239 crore from the issue, that closes on March 22.
The boards of HCL Technologies, Engineers India and Oil India will meet today to consider buyback proposals.
The IPO of Shankara Building Products are all set to roll out the market today. The IPO consists of fresh issuance of shares worth Rs. 45 crore and an offer for sale of 6,521,740 scrips by the existing shareholders, setting the price band at Rs. 440 to 460.