Post the aforesaid allotment, the issued and paid-up share capital of the Company shall be increased from Rs 1,27,26,42,530 (12,72,64,253 equity shares of face value of Rs 10 each) to Rs 1,27,27,71,190 (12,72,77,119 equity shares of face value of Rs 10 each).
Posts in category Business Standard
Boards of Tata Motor Finance and Tata Capital approves scheme of amalgamation (04-06-2024)
The Board of Directors of Tata Motors Finance (TMFL), a step down wholly owned subsidiary of Tata Motors and the Board of Directors of Tata Capital (TCL) have, at their respective Board Meetings held today, i.e., 04 June 2024, approved the Scheme of Arrangement amongst TMFL and TCL and their respective shareholders.
PNB to float Canara HSBC Life Insurance IPO, will divest 10% stake (04-06-2024)
Punjab National Bank (PNB) on Tuesday said it will sell 10 per cent stake in Canara HSBC Life Insurance Company by listing the insurer on the stock exchanges.
Currently, PNB holds 23 per cent in the insurance firm.
PNB’s board in its meeting held today has accorded its approval for initiating the process of diluting 10 per cent stake of the bank in Canara HSBC Life Insurance Co Ltd, an associate company of the Bank, by listing the Company in Stock Exchanges (BSE/NSE) through Initial Public Offer (IPO).
The decision is subject to regulatory approval, PNB said in a regulatory filing.
HSBC and public sector Canara Bank are promoters of the life insurance company holding 26 per cent and 51 per cent, respectively.
PNB is a shareholder with 23 per cent stake.
Shares of PNB fell 15.80 per cent to close at Rs 115.35 on the BSE.
Board of Capacite Infraprojects defers decision on NCD issuance (04-06-2024)
At meeting held on 04 June 2024
Board of Twenty First Century Management Serv recommends final dividend (04-06-2024)
Of Rs 2.5 per share
Shilpa Biologicals files first Drug Master File of recombinant Human Albumin 20% with USFDA (04-06-2024)
This novel recombinant has been developed and is a patented novel recombinant Human Albumin 20% process which is completely-Environment friendly, Consistent High-Quality product, Scalable
to massive scales and is cost competitive.
S H Kelkar & Company announces incorporation of step-down subsidiary in Germany (04-06-2024)
Powered by Capital Market – Live News
Investors dump stocks as election jitters trigger market plunge; Nifty ends below 21,900 (04-06-2024)
The domestic equity market crashed today, as both the Nifty and the Sensex experienced their sharpest single-day decline since March 2020. Concerns over a potential weaker mandate for the BJP instilled a sense of unease, casting a shadow on India’s growth prospects. The Nifty closed below the 21,900 mark, with almost all sectoral indices ending in negative territory. The Nifty PSU Bank index tumbled by 15.14%, while the Nifty Oil & Gas index saw a substantial drop of 11.80%.
Nifty June futures trade at premium (04-06-2024)
NSE India VIX soared 23.65% as shares slumped.
‘Markets have topped for now; next few months could be buying opportunity’ (04-06-2024)
Stock market strategy after Lok Sabha election results: The BJP may end up focusing more on the coalition partners than concentrating on economic growth.