Bhupendra Singh ChundawatMumbai : The rupee depreciated by 24 paise to 69.46 against the US dollar in early trade Monday on increased demand for the US currency from importers and weak opening in domestic equities. Forex traders said, the US President Donald Trump on Sunday threatened to raise tariffs on USD 200 billion worth of Chinese goods … Read more
Aditya Birla Capital has received approval from its board for raising funds up to Rs 3,500 crore through both equity and debt issuance. The company seeks shareholders’ nod for the same. The funds can be raised in one or more tranches by way of issuance of equity shares and equity linked instruments, including convertible preference … Read more
Vodafone Idea will seek for its shareholders’ approval on June 6 to transfer optical fibre assets to a wholly-owned subsidiary –Vodafone Towers. The company has proposed to hive off its telecom fibre infrastructure to Vodafone Towers before monetising it and approached the National Company Law Tribunal Ahmedabad on April 11, 2019, for its approval. Vodafone … Read more
Bharat Road Network has entered into a share purchase agreement with Cube Highways and Infrastructure, for sale of its holding in Ghaziabad Aligarh Expressway (GAEPL), an ‘associate’ of the Company. The proposed transaction is subject to applicable regulatory and other approvals and certain conditions, more specifically laid down in the Share Purchase Agreement. The equity … Read more
ITC’s Foods Division has launched yet another disruptive product offering from its B Natural range of fruit beverages – the country’s first premium fruit beverages in Aseptic PET bottles with no added preservatives. Last year, the brand had made a paradigm shift in the way their fruit juices and beverages are manufactured. B Natural’s entire … Read more
PNC Infratech has entered into a share purchase agreement with Cube Highways and Infrastructure for sale of its entire stake i.e. 2,93,24,000 equity shares, representing 15.12% of the total shareholding in Ghaziabad Aligarh Expressway, an associate of the Company. The enterprise value of the project is Rs 1,834 crore, however the equity value of the … Read more
Oberoi Realty is planning to raise fund by various modes, including by issue of Non-Convertible Debentures (NCDs) (by way of private placement or otherwise), or any other securities, equity shares and / or any other securities convertible into equity (by way of one or more Qualified Institutions Placement). The Board of Directors of the Company … Read more
