The listed company informed stock exchanges today that it secured an equity fund raise of Rs 300 crores at Rs 560 per share through preferential allotment.
As per definition, preferential allotment is a process where a company issues shares or convertible securities to a select group of investors.
The companyâs board has approved a 1:1 bonus issue of shares for its investors, as per a company stock filing. Typically, for every share an investor has, they would get one extra share.
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Denne historien er fra July 29, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prÞveperiode pÄ Magzter GOLD for Ä fÄ tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Odisha startup launches autonomous drone service
Bon V Aero has launched a fully autonomous logistics drone service called Air Orca.
ITI Ltd gets orders worth Rs 4,559 cr
With this, ITI Limited has emerged as the lowest bidder for three packages taking the total order value to Rs 4,559 crores, the company informed stock exchanges in a filing on Sunday.
Trump presidency set to benefit India due to US-China rivalry: Moody's Ratings
Trump's trade policy approach would likely bring immediate impacts to the manufacturing sector, the Moody's Ratings said, adding that although a divided Congress might slow down or adjust the scope of such measures.
EPFO clears audit Backlog, pushes reforms ahead of 72nd Foundation Day
Labour Secretary and Chairperson of Executive Committee, Central Board, Employees' Provident Fund Organization (EPFO), Sumita Dawra, presided over the 109th Meeting of the Executive Committee this week in the national capital.
Biz as usual in Canada despite tensions between New Delhi, Ottawa: SBI
State Bank of India (SBI) has not seen any impact in Canada despite the ongoing tensions between New Delhi and Ottawa, a top bank official has said.
FMCG brands drive premiumisation amid inflation
Despite persistent inflation and sluggish demand, several leading FMCG and retail brands are doubling down on their premiumization strategies, reshaping their approach to appeal to discerning customers.
Supreme Court Issued Notice To Delhi Tree Authority And Officers: What Procedure Followed In Tree Felling?
The Supreme Court in the case MC Mehta versus The Union Of India And Ors observed and has issued notice to the Tree Authority and the Tree Officers who are being appointed under the Delhi Preservation of Trees Act, 1994, in a petition filed seeking to prevent the Delhi government in order to permit tree felling under the Act without prior permission from the court.
SC: LIS PENDENS DOCTRINE KICKS IN WHEN PETITION IS FILED AND NOT WHEN COURT ISSUED NOTICE; IT APPLIES EVEN IF PETITION WAS IN DEFECT
The bench comprising of Chief Justice of India DY Chandrachud, Justice JB Pardiwala and Justice Manoj Misra was hearing the present matter.
Delhi High Court: Cannot Approve MCD Not Paying Wages, Retiral Benefits To Its Employees; If They Default Must Suffer Interest
The Delhi High Court in the case Municipal Corporation of Delhi Versus Bijender Singh observed and has stated that it can never be an approver to the Municipal Corporation of Delhi, MCD for not paying wages or retiral benefits to its employees.
Delhi High Court To Centre: Take Policy Decision On Guidelines For Foreigners With Criminal Cases And Expired Indian Visas
The Delhi High Court in the case Court On Its Own Motion v State observed and has asked the Union Government to take a policy decision as to whether certain guidelines ought to be framed at national level in respect of foreigners against whom criminal cases are lodged and whose Indian visas have expired.
