Sales decline 94.40% to Rs 14.29 crore
Posts in category Business Standard
Visco Trade Associates reports consolidated net profit of Rs 5.37 crore in the March 2024 quarter (27-04-2024)
Sales rise 32.05% to Rs 39.72 crore
Usha Martin consolidated net profit rises 1.00% in the March 2024 quarter (27-04-2024)
Sales decline 3.06% to Rs 829.03 crore
Integrated Proteins standalone net profit declines 50.00% in the March 2024 quarter (27-04-2024)
Sales rise 41.18% to Rs 0.24 crore
New Delhi Television reports consolidated net loss of Rs 8.46 crore in the March 2024 quarter (27-04-2024)
Sales rise 59.08% to Rs 106.52 crore
SBI Cards & Payment Services standalone net profit rises 11.05% in the March 2024 quarter (27-04-2024)
Sales rise 15.56% to Rs 4347.72 crore
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