Aug 19, 2016 11:04 AM IST
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.
- Aug 17, 2016 08:52 AM IST
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.
- Aug 11, 2016 09:30 PM IST
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.
- Jul 19, 2016 06:48 PM IST
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.
- Jul 19, 2016 09:16 AM IST
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".
- Jul 18, 2016 06:12 PM IST
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
- Jul 15, 2016 06:12 PM IST
The company will seek approval of shareholders to raise the sum at its upcoming AGM to be held on August 9.
- Jul 15, 2016 09:30 AM IST
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".
- Jul 13, 2016 09:23 AM IST
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.
- Jun 29, 2016 08:54 AM IST
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.
- Jun 29, 2016 08:14 AM IST
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.
- Jun 22, 2016 09:20 AM IST
"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.
- Jun 17, 2016 06:18 PM IST
The bank also disclosed the businesses agenda for its Annual General Meeting to be held on July 21.
- May 26, 2016 05:46 PM IST
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.
- May 22, 2016 01:54 PM IST
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.
- May 15, 2016 05:04 PM IST
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.
- May 13, 2016 06:58 PM IST
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.
- May 04, 2016 09:38 AM IST
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.
- Mar 28, 2016 03:02 PM IST
One of India's leading integrated logistic solutions provider, the company has a network of 301 offices across 164 countries through its international subsidiaries.
- Mar 22, 2016 08:56 AM IST
The decision was taken at the Extra-Ordinary General Meeting of shareholders of the bank held.
- Mar 18, 2016 02:08 PM IST
The funds have been mobilised for business expansion plans, refinancing of debt, working capital requirement and other general corporate purposes.
- Mar 08, 2016 10:18 PM IST
Reliance Communications today said itgs shareholders have approved the proposal for merger of Sistema Shyam Teleservices with the company.
- Feb 28, 2016 11:32 AM IST
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.
- Jan 28, 2016 09:11 AM IST
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.
- Jan 22, 2016 09:15 AM IST
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.