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  • AB Group top officials meeting investors to allay rejig concerns Aug 19, 2016 11:04 AM IST

    AB Group top officials meeting investors to allay rejig concerns

    Sources say top Birla officials are meeting large shareholders of Grasim and AB Nuvo and reviewing their feedback. The process is likely to go on for few more days.

  • Tree House board approves Zee Learn revised merger, ratio at 1:1 Aug 17, 2016 08:52 AM IST

    Tree House board approves Zee Learn revised merger, ratio at 1:1

    As per the new merger scheme, shareholders of Tree House will get shares in Zee Learn in ratio of 1:1. In a statement to the exchanges, Tree House said that the merger evaluation committee, formed in June by the companies, has approved of the new share swap ratio.

  • Grasim is 'firepower' to grow financial svcs biz faster: Birla Aug 11, 2016 09:30 PM IST

    Grasim is 'firepower' to grow financial svcs biz faster: Birla

    AB Nuvo today announced its plan to merge with Grasim, which will be followed by demerger of its financial services business. The shareholders of Nuvo will get 30 shares of Grasim for every 100 shares.

  • APSEZ plans to raise up to Rs 10,000 cr via securities Jul 19, 2016 06:48 PM IST

    APSEZ plans to raise up to Rs 10,000 cr via securities

    The flagship firm of the Adani Group will place the special resolution before its shareholders at its annual general meeting scheduled for next month, it said in a regulatory filing today.

  • JSPL shareholders approve sale of 1000 MW power plant to JSW Jul 19, 2016 09:16 AM IST

    JSPL shareholders approve sale of 1000 MW power plant to JSW

    JSPL said its shareholders have approved the resolution of "divestment of the 1000 MW Power unit of Jindal Power Ltd into a special purpose vehicle (SPV) for the purpose of transferring the same to JSW Energy, with an overarching aim of garnering value for our equity shareholders".

  • Tata Steel plans to raise up to Rs 10,000 cr via pvt placement Jul 18, 2016 06:12 PM IST

    Tata Steel plans to raise up to Rs 10,000 cr via pvt placement

    The issue will be on a private placement basis, during the period of one year from the date of this Annual General Meeting (scheduled for August 12) or such other period as may be permitted under the Act

  • Tata Motors plans to raise Rs 3,000 cr Jul 15, 2016 06:12 PM IST

    Tata Motors plans to raise Rs 3,000 cr

    The company will seek approval of shareholders to raise the sum at its upcoming AGM to be held on August 9.

  • Power Finance Corp recommends 1:1 bonus share issue Jul 15, 2016 09:30 AM IST

    Power Finance Corp recommends 1:1 bonus share issue

    The company in a filing to the BSE said that its board in the meeting held recommended to the shareholders to approve at the forthcoming AGM the issuance of bonus shares by capitalising the "securities premium account".

  • Mahindra seeks shareholders' nod to raise Rs 5,000 cr Jul 13, 2016 09:23 AM IST

    Mahindra seeks shareholders' nod to raise Rs 5,000 cr

    The company would spend the money "to augment resources for, inter alia, the ongoing capital expenditure, long term working capital/short term working capital and for general corporate purposes", the company said in a BSE filing.

  • Union Bank to raise Rs 3,200 cr from share sale Jun 29, 2016 08:54 AM IST

    Union Bank to raise Rs 3,200 cr from share sale

    FPO or Follow-on Public Offer refers to issuance of shares to all types of public shareholders, while rights issue involves issuance to existing investors. In QIP, placement of shares happens with the qualified institutional investors.

  • Strides Shasun gets shareholders nod for UK unit's divestment Jun 29, 2016 08:14 AM IST

    Strides Shasun gets shareholders nod for UK unit's divestment

    In the postal ballot conducted by the company, 43.77 percent of all eligible share holders (other than the promoters) voted on the resolution of divestment of Shasun Pharma Solutions Ltd (CRAMS business), Strides Shasun said in a filing to BSE.

  • USL seeks shareholders' nod again to report sick to BIFR Jun 22, 2016 09:20 AM IST

    USL seeks shareholders' nod again to report sick to BIFR

    "The accumulated losses of the company as on March 31, 2016, is greater than 50 percent of the peak net worth in the immediately preceding four financial years (Rs 5,849.62 crore)," the company said in a notice to shareholders.

  • HDFC Bank to seek shareholders' nod to raise Rs 50k cr Jun 17, 2016 06:18 PM IST

    HDFC Bank to seek shareholders' nod to raise Rs 50k cr

    The bank also disclosed the businesses agenda for its Annual General Meeting to be held on July 21.

  • Adani Transmission to seek shareholders nod to raise Rs 8500cr May 26, 2016 05:46 PM IST

    Adani Transmission to seek shareholders nod to raise Rs 8500cr

    The board has "accorded approval for seeking approval of the shareholders at the ensuing Annual General Meeting to raise funds by issue of equity shares/convertible bonds.

  • Bankruptcy: Employees can seek attachment of promoters' assets May 22, 2016 01:54 PM IST

    Bankruptcy: Employees can seek attachment of promoters' assets

    The Insolvency and Bankruptcy Code approved by Parliament earlier this month empowers employees, creditors and shareholders to initiate resolution process at the first sign of financial stress like a default on repayment of a bank loan, Economic Affairs Secretary Shaktikanta Das told PTI.

  • Bankruptcy law: Sinha says employees' rights to be foremost May 15, 2016 05:04 PM IST

    Bankruptcy law: Sinha says employees' rights to be foremost

    The new Bankruptcy Law will fast- track recovery of dues from defaulters and employees will be first in line to get their share from liquidation of assets if a company goes belly-up, says Union Minister Jayant Sinha.

  • Advent Intl, Temasek launch open offer to buy 26% stake in CG May 13, 2016 06:58 PM IST

    Advent Intl, Temasek launch open offer to buy 26% stake in CG

    The open offer is to acquire "up to 162,953,997 equity shares constituting 26 per cent of the total share capital of the target company", Cromptom Greaves said in BSE filing.

  • APSEZ to seek shareholders nod to raise up to Rs 10,000 cr May 04, 2016 09:38 AM IST

    APSEZ to seek shareholders nod to raise up to Rs 10,000 cr

    The company's board also gave approval for seeking shareholders nod to issue secured/unsecured redeemable non-convertible debentures on private placement basis within the overall borrowing limits of the Company.

  • Allcargo Logistics to raise up to Rs 300 cr via pvt placement Mar 28, 2016 03:02 PM IST

    Allcargo Logistics to raise up to Rs 300 cr via pvt placement

    One of India's leading integrated logistic solutions provider, the company has a network of 301 offices across 164 countries through its international subsidiaries.

  • Andhra Bank to raise Rs 136 cr by issuing shares to LIC Mar 22, 2016 08:56 AM IST

    Andhra Bank to raise Rs 136 cr by issuing shares to LIC

    The decision was taken at the Extra-Ordinary General Meeting of shareholders of the bank held.

  • Cos mop-up Rs 46,000 cr via preferential allotment in FY'16 Mar 18, 2016 02:08 PM IST

    Cos mop-up Rs 46,000 cr via preferential allotment in FY'16

    The funds have been mobilised for business expansion plans, refinancing of debt, working capital requirement and other general corporate purposes.

  • RCom shareholders approve SSTL merger Mar 08, 2016 10:18 PM IST

    RCom shareholders approve SSTL merger

    Reliance Communications today said itgs shareholders have approved the proposal for merger of Sistema Shyam Teleservices with the company.

  • Govt suggests changes to cost records, audit norms Feb 28, 2016 11:32 AM IST

    Govt suggests changes to cost records, audit norms

    The Corporate Affairs Ministry has suggested various amendments, including the requirement that a cost auditor can be removed only by way of a resolution passed by the board of the company concerned.

  • Shell shareholders approve $50 billion BG takeover Jan 28, 2016 09:11 AM IST

    Shell shareholders approve $50 billion BG takeover

    BG shareholders are also expected to approve one of the biggest deals in the energy sector in the past decade at a meeting on Thursday, a vote that would allow the two oil and gas companies to merge on February 15.

  • ShippingCorp seeks shareholders nod to dispose of property Jan 22, 2016 09:15 AM IST

    ShippingCorp seeks shareholders nod to dispose of property

    The proposal pertains to disposal of property (other than ships) having an original book value of Rs 1 crore and above, the state-run PSU said inviting postal ballots by February 22.

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