Shareholder

Banga family's Caravel becomes biggest shareholder in Pacific Basin

Caravel disclosed a 7.5 per cent stake in late March, and since then it has steadily expanded its holding in Pacific Basin

UGRO Capital to raise up to Rs 915 crore through preferential CCD issue

UGRO Capital's board approves Rs 915 crore capital raise via CCDs; capital adequacy to improve from 19.41% to 29.4%, with rights issue of Rs 400 crore also planned

IDFC First Bank shareholders reject Warburg Pincus board nomination

A special resolution to allow Warburg Pincus affiliate Currant Sea Investments to nominate a non-executive director failed to get the required 75% shareholder approval

Public-promoter confusion deepens with switches across companies

In many instances, same shareholder is both public and promoter

Tata Motors shareholders approve plan to split into two listed companies

The proposal, which would give the shareholders equal stakes in both the listed entities, was approved with 99.9995% of votes, it said in an exchange filing

Neelu Analjit Singh to reclassify as public shareholder of Max Financial

Max Financial Services on Tuesday said that Neelu Analjit Singh, ex-wife of Max group founder and chairman Analjit Singh, has requested to change her holding in the financial services firm from promoter to public category. The request received from Neelu Analjit Singh, belonging to the 'Promoter and Promoter Group' holding 1,00,000 equity shares, to reclassify her status from 'Promoter and Promoter Group' to 'Public' category, subject to approval of the concerned stock exchanges, Max Financial Services said in a regulatory filing. In January this year, Analjit Singh, founder and chairman of the Max group, and his estranged wife Neelu Singh reached a global settlement ending nearly a three-year long dispute. Consequently, all the suits/petitions filed in the Delhi High Court and before the NCLT against Max Ventures Investment Holdings Private Limited, its directors and Analjit Singh were duly withdrawn and stand disposed off. "The approval of the Board of Directors of the company o

Zydus Lifesciences to buy 86% stake in Amplitude Surgical for $280 million

Zydus Lifesciences on Tuesday said it has entered into exclusive negotiations to acquire a majority stake in France-based Amplitude Surgical for 256.8 million euros. The company has entered into negotiations with PAI Partners, Amplitude Surgical's management, as well as two minority shareholders to acquire 85.6 per cent of the company's share capital, the Ahmedabad-based drug maker said in a regulatory filing. Purchase consideration amounts to 256.8 million euros for 85.6 per cent of the outstanding shares and voting rights of Amplitude Surgical, it added. Amplitude Surgical is a European MedTech leader in high-quality, lower-limb orthopaedic technologies. The company provides numerous value-added innovations to best meet the needs of patients, surgeons and healthcare facilities. This includes the design and development of knee and hip prostheses, which are implanted in place of damaged or worn-out joints. In fiscal year ended June 30, 2024, Amplitude Surgical generated sales of

KBC Global approves bonus share issue, proposes to change company's name

Nashik-based KBC Global on Monday said its board has approved a bonus share issue of one new share for every share held by shareholders and a proposal to change the company name to Dharan Infra-EPC Ltd. The company also said that it looks to reduce debt in the near future and expedite expansion plans to turn around business operations. The board of directors in the meeting held on Friday approved the bonus issue in the ratio of 1:1 subject to approval of the shareholders of the company, the company statement said. The board also approved a proposal to increase authorized capital and proposed renaming KBC Global Ltd to Dharan Infra-EPC Ltd or another name approved by the ROC. The company said its order book stood at over Rs 260 crore. Recently, Patanjali Food and Herbal Park and Falcone Peak Fund (CEIC) Ltd, among others, invested Rs 99.50 crore in the company and the proceeds will be utilized for the repayment of debt, it said. The company also announced the appointment of Naresh

Religare's Saluja fails to secure shareholder approval for reappointment

Over 97 per cent of shareholders voted against her reappointment; Saluja had contended that she is not liable to retire by rotation

Hitachi Energy India to seek shareholders' nod to raise Rs 4,200 crore

Hitachi Energy India will seek shareholders' approval to raise Rs 4,200 crore through issues of equity shares or other securities. In an exchange filing, the company said, the voting will start at 9 am on January 22 and continue till 5 pm on February 20. As per the notice, it will seek approval to raise up to Rs 4,200 crore by way of public or private offering, including a qualified institutions placement (QIP), to eligible investors through an issuance of equity shares or other eligible securities. The proceeds from the proposed issuance will be used towards meeting growth objectives, the filing said. The company has been pursuing both organic and inorganic growth opportunities. Additionally, there is an ongoing requirement for working capital and capital expenditure (capex) for the upgrade and expansion of businesses and ongoing projects. The generation of internal funds may not be sufficient to meet all the requirements of its growth plans, the company said. Therefore, it is .

SEC sues Elon Musk for failure to disclose growing Twitter stake on time

By keeping his purchase quiet, Musk was able to buy shares at 'artificially low prices,' allowing him to underpay for at least $150 million worth of stock, the SEC said

SBI Mutual Fund hikes 2.85% stake for Rs 900 cr in KPR Mill, now holds 7.7%

SBI Mutual Fund on Wednesday hiked its stake in KPR Mill to 7.74 per cent by snapping up additional 2.85 per cent shares worth over Rs 900 crore through an open market transaction. According to the bulk deal data on the BSE, SBI Mutual Fund bought 97.35 lakh shares or 2.85 per cent stake in apparel manufacturing company KPR Mill. The shares were picked up at an average price of Rs 925 apiece, taking the transaction value to Rs 900.54 crore. After the stake buy, SBI Mutual Fund's holding in KPR Mill has been increased to 7.74 per cent from 4.89 per cent. Details of the other buyers of KPR Mill's shares could not be identified on the BSE. Meanwhile, KP Ramasamy, one of the promoters of KPR Mill sold 1.05 crore shares or 3.07 per cent stake in the company at an average price of Rs 925.12 apiece. This took the deal value to Rs 971.38 crore. After the transaction, KP Ramasamy's stake has come down to 18.3 per cent from 21.37 per cent. Additionally, the combined stakeholding of promot

RPower seeks shareholders' nod to raise Rs 1,525 cr via preferential issue

Reliance Power will seek shareholders' approval to raise Rs 1,524.60 crore through a preferential issue. According to the postal ballot notice, the company will raise up to Rs 1,524.60 crore by preferential issue of up to 46.20 crore equity shares and/or warrants convertible into equivalent number of equity shares of the company at a price of Rs 33 per share/warrant. The e-voting period that commenced earlier on Tuesday, will end on Wednesday, October 23, 2024. The result of the postal ballot will be announced on or before on Friday, October 25, 2024. On September 23, the board of Reliance Power Ltd had approved raising Rs 1,524.60 crore through a preferential issue where promoters will pour Rs 600 crore into the company to advance its business. Reliance Infrastructure, the promoter of the company, will enhance its equity stake by over Rs 600 crore. The other investors who will participate in the preferential issue include Authum Investment and Infrastructure Ltd and Sanatan Finan

Sebi exempts SHPL from making open offer for SpiceJet shareholders

Markets regulator Sebi has exempted Spice Healthcare Pvt Ltd from making an open offer to SpiceJet shareholders in relation to acquisition of additional shares in the airline. On conversion of warrants that were issued to it, Spice Healthcare, a promoter group entity, would be acquiring an additional 13,14,08,514 equity shares in the airline. In this regard, SpiceJet had sought an exemption from Sebi with respect to making an open offer for the shareholders of the airline. The Securities and Exchange Board of India (Sebi), through an order on Friday, has given the exemption from making the open offer to Spice Healthcare subject to certain conditions, the airline said in a filing to BSE on Saturday. Post conversion of the warrants, Spice Healthcare will have an additional 13.74 per cent stake in the airline and that would trigger the open offer requirement under Sebi norms. The watchdog has given the exemption subject to the condition that the shares acquired by the entity on exerc

Bina Modi reappointed as Godfrey Phillips India MD; Charu Modi named ED

Bina Modi's daughter Charu Modi has been appointed as the Executive Director of the company with 87% approval

Seven & I shareholder urges company for negotiations with Couche-Tard

he Canadian operator of Circle K hasn't disclosed terms or a price for its proposed buyout of Seven & i, which currently has a market value of 5.47 trillion yen ($37 billion)

Govt extends minimum public shareholding deadline for PSUs till Aug 2026

Public sector banks, financial institutions too must increase their public shareholding to at least 25%

LIC's residual stake value surges in top groups on stock market boom

Value of investments in top conglomerates at Rs 4.39 trn, up 37.5%

Torrent Power seeks shareholders nod to raise up to Rs 5,000 cr via equity

Torrent Power on Friday said it will seek shareholders' approval to raise up to Rs 5,000 crore through equity shares. The approval will be sought in the annual general meeting scheduled on July 30, 2024. In a notice, the company said there is an ongoing requirement of working capital and capex for upgradation/ expansion of the company's power generation, distribution businesses and ongoing projects. The generation of internal funds may not be adequate to meet all the requirements of the company's growth plans, it stated, adding that the requirement of funds is proposed to be met from both equity and debt from issuance of appropriate securities and from both domestic and international markets. The company's board, in a meeting held on May 22, 2024, recommended to the members to give their consent to raise up to Rs 5,000 crore through the issuance of equity shares and/ or Foreign Currency Convertible Bonds (FCCBs) and/ or convertible bonds/ debentures or any equity-linked instrument/

Schneider Electric Infra seeks nod to raise borrowing limit to Rs 900 cr

Schneider Electric Infrastructure will seek shareholders' approval to raise its total borrowing limit to Rs 900 crore from the existing Rs 550 crore through postal ballots. The e-voting for postal ballot will start at 9 am on Thursday and end at 5 pm on Friday, as per a BSE filing. The filing explained that the members, vide a special resolution passed through postal ballot on June 21, 2020, approved and authorised the board with the total borrowing limits up to Rs 550 crore. With an objective to have a scope for restructuring the financing avenues between external banks and intercompany loans with a headroom for future requirements to support business operations and working capital, the approval to increase borrowing limits is sought from the shareholders, it said. The company has proposed to enhance the borrowing limits, in excess of the aggregate of its paid-up share capital, free reserves and securities premium as per the latest annual audited financial statements, from the ...