Allahabad Bank has raised around Rs 1,790 crore from the Government of India (GoI). The Share Issue and Allotment Committee of the Board has approved for allotment of 38,92,15,046 new equity shares of face value of Rs 10.00 of the Bank on preferential basis to the Government of India (President of India) at an Issue … Read more
Manomay Tex India has received an approval for availing Credit Facilities up to Rs 80.62 crore from Consortium Bank i.e. State Bank of India (Lead Bank), Industrial Estate Branch, Bhilwara and Oriental Bank of Commerce (Member Bank), Gandhi Nagar, Bhilwara. The Board of Directors of the company at their meeting held on October 15, 2018, … Read more
South Indian Bank has decided to augment the capital by issue of Basel III compliant Tier II Bonds not exceeding Rs 500 crore in one or more tranches with or without green shoe option, on such terms and conditions as it may deem fit, subject to the approval of regulatory authorities, if any. The Board … Read more
Punjab National Bank is currently trading at Rs. 68.40, up by 1.25 points or 1.86% from its previous closing of Rs. 67.15 on the BSE. The scrip opened at Rs. 67.80 and has touched a high and low of Rs. 68.55 and Rs. 67.80 respectively. So far 127775 shares were traded on the counter. The … Read more
Punjab National Bank (PNB) has recognized various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal. Meanwhile, the bank has already sold some of the fixed assets and have realised Rs 400 crore from these assets. Besides, the bank also wants … Read more
Future Consumer is currently trading at Rs. 40.60, up by 0.10 points or 0.25% from its previous closing of Rs. 40.50 on the BSE. The scrip opened at Rs. 41.50 and has touched a high and low of Rs. 41.50 and Rs. 39.90 respectively. So far 136217 shares were traded on the counter. The BSE … Read more
L&T Finance Holdings has raised funds worth Rs 250 crore. The Committee of Directors (Committee) has approved allotment of 2,50,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 each on a private placement basis to the identified investors. The Committee approved the same on October 12, 2018. L&T Finance Holdings … Read more
