SBI in focus on approval to purchase stake in Yes Bank

State Bank of India said that executive committee of central board (ECCB) approved purchase of 725 crore shares in Yes Bank at Rs 10 per share. SBI's shareholding in Yes Bank will remain within 49% of the paid up capital of Yes Bank

Bharti Airtel has acquired a 10% strategic stake in fitness start-up Spectacom Global, under the Airtel Start-up Accelerator Program, which focuses on supporting growth of early stage Indian start-ups.

Wockhardt informed that the capital raising committee of the company will meet 30 March 2020 to consider / approve extension of the date of redemption of 16 crore non-convertible cumulative redeemable preference shares of face value of Rs 5 each held by Khorakiwala Holdings & Investments. These preference shares are due for redemption on 31 March 2020.

Sun Pharmaceutical Industries informed that the meeting of board of directors will be held on 17 March 2020 to consider and if deemed fit, to approve, the proposal for buy-back of fully paid-up equity shares of the company.

CESC Ventures informed that the company executed share subscription agreement and shareholders agreement for acquiring 8.49 % shareholding in Peel-Works. Peel-Works is a technology driven distribution company which supplies food, grocery and consumer products to retailers and wholesalers where orders are collected through a software application.

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