Posts in category Business Standard
Bajaj Holdings & Investment consolidated net profit rises 100.79% in the March 2024 quarter (27-04-2024)
Sales rise 1297.90% to Rs 1211.84 crore
LKP Finance reports consolidated net profit of Rs 10.00 crore in the March 2024 quarter (27-04-2024)
Sales reported at Rs 22.83 crore
Sebi allows AIFs to pledge shares in companies that invest in infra sector (26-04-2024)
To facilitate ease of doing business, markets regulator Sebi on Friday allowed AIFs (alternative investment funds) to pledge their shares in investee companies in the infrastructure sector.
The regulator has also provided additional flexibility to AIFs and their investors to deal with unliquidated investments of their schemes.
"Category I and Category II AIFs may create an encumbrance on equity of investee company, which is in the business of development, operation or management of projects in any of the infrastructure sub-sectors," Sebi said in a circular.
The move will provide ease of doing business and flexibility to such AIFs.
Experts believe that allowing AIFs to create an encumbrance on their equity investments in infrastructure sector companies for the purpose of project finance is essential for infrastructure development.
Earlier, pledging of securities held by an AIF in investee companies for loans availed of by the investee companies violates provisions of the AIF ...
ATC Telecom Infra exits Vodafone Idea, sells entire stake for Rs 1,840 cr (26-04-2024)
ATC Telecom Infrastructure on Friday sold its entire 2.87 per cent stake in telecom operator Vodafone Idea for Rs 1,840 crore through an open market transaction.
American Tower Corporation (ATC) Telecom Infrastructure is one of the largest infrastructure service providers for Vodafone Idea.
According to the bulk deal data available on the National Stock Exchange (NSE), ATC Telecom Infrastructure Pvt Ltd sold a total of 144 crore shares, representing a 2.87 per cent stake in Vodafone Idea (VIL).
The shares were disposed of at an average price of Rs 12.78 apiece, taking the deal size to Rs 1,840.32 crore.
ATC Telecom Infrastructure held a 2.87 per cent stake in VI as it has recently converted debentures into equities.
Meanwhile, Citigroup Global Markets Mauritius acquired more than 49.12 crore shares, amounting to a 0.98 per cent stake in VIL. The shares were bought at an average price of Rs 12.70, taking the deal value to Rs 623.88 crore.
However, Citigroup Global Markets Mauriti
Indices snap 5-day winning run: Sensex ends over 600 points lower (26-04-2024)
The combined market capitalisation of all BSE-listed firms stood at Rs 404 trillion
Oil up on geopolitical tensions, gains curbed by fading Fed rate cut hopes (26-04-2024)
Brent crude futures were up 7 cents, or 0.08%, to $89.08 a barrel at 1109 ET (1509 GMT). U.S. West Texas Intermediate crude futures were up 6 cents, or 0.07%, to $83.63 a barrel
Board of Aditya Birla Sun Life AMC recommends final dividend (26-04-2024)
Of Rs 13.5 per share
Alphabet, Microsoft earnings show hefty AI bets are driving growth (26-04-2024)
After pouring billions of dollars into the infrastructure needed to support AI applications, both Alphabet and Microsoft reported that their quarterly revenue growth was outpacing expectations
Adani Global acquires 49% stake in Adani Esyasoft Smart Solutions, Abu Dhabi (26-04-2024)
AESSL is engaged interalia, in the business of developing smart solutions
such as smart metering software, load forecasting, revenue maximization and other efficiency based software products and solutions for utilities both in India and globally. The objective of this transaction is to support captive requirements to build smart metering solutions and also extend the same globally to other sectors as well.
BSE likely to shell out more as regulatory fee on options volume (26-04-2024)
The market regulator on Friday directed the exchange to pay regulatory fee on 'notional value' of annual turnover