ICICI Bank, Aurobindo Pharma, ESAF Bank, Ashok Leyland in focus

ICICI Bank, ICICI Securities: ICICI Bank has received approval from Reserve Bank of India for making ICICI Securities a wholly owned subsidiary.

Aurobindo Pharma: The company reported consolidated net profit of Rs 751.94 crore in Q2 FY24, higher from Rs 410.37 crore posted in Q2 FY23. Total income rose to Rs 7406.4 crore in Q2 FY24 from Rs 5796.56 crore in Q2 FY23.

Muthoot Finance: The company reported consolidated net profit of Rs 1095.28 crore in Q2 FY24, higher from Rs 901.62 crore posted in Q2 FY23. Total income rose to Rs 3631.94 crore in Q2 FY24 from Rs 2841.85 crore in Q2 FY23.

ESAF Small Finance Bank: Shares of the small finance bank will debut on the bourses today, 10 November 2023. The issue price is Rs 60 per share.

Ashok Leyland: The board of directors of Ashok Leyland has approved an investment of Rs 1200 crore in Switch Mobility as equity through its holding company Optare PLC UK. The funds infused will be used for capital expenditure, R&D and meeting operational requirements both in UK and India.

Hindustan Aeronautics (HAL): HAL and Airbus have signed a contract for establishing MRO facilities for A-320 family of aircraft during a function in New Delhi. This collaboration with the largest European aircraft manufacturing company will strengthen Make-in-India mission by achieving self-reliance in the aircraft Maintenance. Repair and Overhaul (MRO) industry in India.

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