The company has approved to raise AT1 capital upto an amount of Rs 1500 crore and to raise tier 2 capital upto an amount of Rs 1000 crore in one or more tranche, in one or more instruments.
Posts tagged MC
Dena Bank rises 5% on approval of capital raising plan (04-12-2015)
Zee Learn may merge with Tree House; both stocks rally 10% (04-12-2015)
“Board of directors of the company today has accorded in-principle approval for exploring consolidation options with Tree House,” Zee Learn says in its filing.
Nifty opens below 7850, Sensex slips over 150 pts; SBI down (04-12-2015)
GAIL, BHEL, Vedanta, Infosys and SBI are top gainers in the Sensex.
Expect Nifty to open on negative note: Maximus Securities (04-12-2015)
Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could loose 60 points at the opening bell, says Maximus Securities.
India targets temple gold hoard to rescue monetisation plan (04-12-2015)
The scheme has only attracted about one kilogramme in a month, prompting the government to nudge temples through banks to hand over their treasures, the sources said, but at least one temple said it was still unconvinced by the plan.
Teva divesting $1 billion in assets to clear Allergan deal (04-12-2015)
Teva agreed in July to purchase Allergan’s generics unit for USD 40.5 billion in cash and stock, establishing the Israeli company as the largest manufacturer of generic drugs at a time when pharmaceutical benefits managers and insurers are putting increased pressure on drug prices.
Lots of words, but no OPEC action even as oil soars (04-12-2015)
Oil prices jumped Thursday on a report that Saudi Arabia was seeking a production cut next year if other producers, including non-OPEC country Russia, will agree. Reuters later reported that Iraq, Iran and Russia all opposed the idea.
Scared of a China hard landing? You should be (04-12-2015)
China’s economy has slowed steadily since 2010, when gross domestic product (GDP) growth last topped 10 percent. China’s President Xi Jinping is predicting 6.5 percent GDP growth next year and the International Monetary Fund is forecasting 6.3 percent.
Rupee at 2-yr low, opens down 30 paise at 66.95 per dollar (04-12-2015)
Trading range for the spot USD-INR pair is expected to be within 66.25-67/dollar levels today, says Pramit Brahmbhatt of Veracity.
Could the ECB decision actually be good for markets? (04-12-2015)
Michelle Meyer, deputy head of US economics at Bank of America Merrill Lynch said while there’s a lot that could move the markets through the end of this week, US Fed chair Janet Yellen will remain focused on what’s going on in Europe.