The loan will be used to boost the group's cash on hand and for general business purposes, a company spokeswoman said.
Finance Minister Nirmala Sitharaman said the Life Insurance Corporation of India (LIC) will be listed as part of the government disinvestment initiative.
Shares soared as much as 13% in after-hours trade, putting the online retailer back in the $1 trillion (761 billion pounds) market capitalisation club. If the share gain holds on Friday, it will be the biggest daily jump for Amazon since October 2017.
The move is part of SP’s asset monetisation plan to deal with its Rs 30,000 crore debt.
SLB mechanism, introduced about a decade ago, had permitted FPIs to sell borrowed shares.
The move, which would be the largest such capital raise in India, is aimed at subverting liquidity squeeze created in the sector after the IL&FS debacle and subsequent busts
Shares rose nearly 21% to $307.12 after hours on the unexpected news, crossing $300 for the first time since March 1 after record deliveries and cost cuts ensured a profitable third quarter.
The company is yet to decide on a record date for the same.
The agency, which has been pursuing this case for several months now, has started a probe into 12 companies.
Foreign strategic investors, debt woes drove a surge in deals via offer for sale route in January-June. The first six months of 2019 saw Rs 18,545 cr being offloaded by promoters via the OFS route
With the broking business in the doldrums, some brokers raise money by borrowing against clients’ shares
In all, the infrastructure major is eyeing up to 66 per cent stake in Mindtree for around Rs 10,800 crore.
It will be useful for promoters who intend to raise funds from investors without diluting control
Jerome Anthony gets in conversation with Moneycontrol Editor Santosh Nair to find out what happened in the market this past week, the key business events and what should investors track in the coming week.
Over 6.50 crore shares in 996 companies of 20,323 shareholders are under the custody of Custodian of Enemy Property of India (CEPI), under the Home Ministry. At the current price, these shares are estimated at around Rs 3,000 crore
Bengaluru-based technology services firm will continue to trade its ADSs on Euronext Paris and Euronext London until July 4, after which the shares will get delisted.
Till April this year, pledging of shares by promoters was seen in as many as 3,142 out of 5,043 BSE-listed companies with a market capitalisation of over Rs 152 lakh crore.
Shares of Twitter soared more than 18 percent to $20.31 in afternoon trading. The company also said user growth resumed in the third quarter after stalling in the prior three months.
The board of the company today approved a proposal to raise the fund in one or more tranches and would seek shareholders' approval through an AGM, Orient Cement said in a regulatory filing.
Profit climbed 12 per cent to USD 8.7 billion, and revenue rose per cent to USD 45.4 billion, with the California-based company selling 41 million iPhones in the fiscal third quarter to July 1.
As many as ten entities were found to have indulged in synchronised trading with respect to shares of Nakoda Textiles India, Gayatri Projects, Nandan Exim and Trimurthi Drugs and Pharmaceuticals.
Domestic mutual fund managers have picked up shares worth nearly Rs 5,000 crore so far this month far as inflows from retail investors continued
The IPO, from March 22-24, was subscribed 41.60 times. The price band was fixed at Rs 440-460 per share.
Shanghai-based Fosun said on Tuesday that CEO Liang Xinjun had resigned from all his posts due to unspecified "health reasons", prompting questions over the direction of a diversified company that has made wide-ranging acquisitions around the world.