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Posts in category Business Standard
Adani stocks fall amid debt concerns; 8 out of 10 shares hit lower circuit (28-03-2023)
The group has been on a sticky wicket ever since the US-based short seller Hindenburg Research, in a report, alleged — among other things — stock manipulation and concerns about its debts
Adani stocks fall amid debt concerns; 8 out of 10 shares hit lower circuit (28-03-2023)
The group has been on a sticky wicket ever since the US-based short seller Hindenburg Research, in a report, alleged — among other things — stock manipulation and concerns about its debts
Sebi introduces framework for scheme of arrangement by clearing corps (28-03-2023)
Capital market regulator Sebi on Tuesday introduced a framework for ‘scheme of arrangement’ by unlisted stock exchanges, clearing corporations and depositories.
A scheme of arrangement is a court-approved agreement between a company and its shareholders or creditors.
At present, there is no specific provision for unlisted Market Infrastructure Institutions (MIIs) — stock exchanges, clearing corporations and depositories — to file the draft scheme of arrangement with Sebi prior to filing the application before any court or tribunal.
Further, the process to be followed by unlisted MIIs in case of a scheme of arrangement is currently not specified.
Under the new framework, Sebi said that unlisted MII desirous of undertaking a scheme of arrangement will have to file the draft scheme of arrangement along with a non-refundable fee with the regulator for obtaining the observation letter or no-objection letter before filing such a scheme with any court or tribunal.
The provision may not
Bandhan Bank crashes to 3-year low on heavy volumes (28-03-2023)
The stock has slipped 6% to Rs 185.45 and trades at its lowest level since April 2020.
Adani shares tumble on report group seeking time to pay ACC, Ambuja debt (28-03-2023)
ACC dropped 4.8% to its lowest since Feb. 2021 and Ambuja Cement slipped 4.2%
MFs open international funds for investments ahead of new tax rules (28-03-2023)
Franklin Templeton, Mirae Asset, Edelweiss mutual funds resume international schemes
Adani Group shares slump up to 9%; 6 of 10 stocks locked in lower circuit (28-03-2023)
The slide in the stocks resumed after a report by The Ken claimed that the Adani group has not completely repaid its loans taken against the promoters’ shares
Vedanta dividend: Decision on fifth payout today; check all details here (28-03-2023)
Vedanta dividend 2023: The company has already given four interim dividends totalling Rs 81 so far in the current financial year
Udayshivakumar Infra IPO: Shares to be allotted today; learn how to check (28-03-2023)
Udayshivakumar Infra IPO listing date: The shares of the IPO are expected to be listed on the bourses on April 3