Although major proxy advisers backed Toyoda's reelection, reversing their stance after voting against him in 2024, investors got a chance to air their grievances
Sebi has clarified that large public shareholding alone does not violate listing norms, paving the way for IPOs from firms like HDB Financial, Hero FinCorp, and Vikram Solar
Quick Routes International on Tuesday exited Zinka Logistics Solutions by selling a 9 per cent stake in the company for Rs 672 crore through open market transactions. Zinka Logistics Solutions is the parent entity of logistics unicorn Blackbuck. According to the bulk deal data available on the NSE, Quick Routes International sold more than 1.59 crore shares in two tranches, representing a 9 per cent stake in Zinka Logistics. The shares were offloaded in the price range of Rs 420.06-420.25 apiece, taking the combined transaction value to Rs 671.76 crore. In a separate transaction on the NSE, Peak XV Partners' affiliate Peak XV Partners Investments VI disposed of 12.10 lakh shares in Zinka Logistics Solutions for Rs 53 crore. The shares were sold at an average price of Rs 444.71 per piece, taking the deal size to Rs 53.84 crore. Meanwhile, Abu Dhabi Investment Authority, Massachusetts Institute of Technology, ICICI Prudential Mutual Fund, SBI Mutual Fund and Nomura India acquired a
While India permits 74% foreign direct investment in private banks, it restricts a single financial entity from holding more than 15% unless a regulatory exemption is granted.
Given the concentrated ownership and control, external investors are willing to invest only when they can trust the company's governance and leadership
Tesla changed its bylaws to require investors to hold at least 3% of shares to file or maintain a derivative lawsuit, aiming to limit future legal challenges like those over Musk's pay package
Indeed, the true successor to Buffett's legacy as market oracle may be operating outside of Berkshire
Vedanta said the resolution was passed with 99.99 per cent of those participating, voting in favour of the resolution
Vedanta Ltd has received approval from its shareholders and creditors for its proposal to demerge the company into five independent, sector-specific companies, according to a stock exchange filing by the company. The demerger was approved by 99.99 per cent of shareholders, 99.59 per cent of the secured creditors, and 99.95 per cent of unsecured creditors of Vedanta Limited who voted in favour of the demerger, as per the stock exchange filing made by the company. According to Vedanta's demerger scheme, every Vedanta shareholder will receive 1 additional share in each of the 4 newly demerged companies on the completion of the demerger process. The five companies are Vedanta Aluminium, one of the world's largest producers of aluminium; Vedanta Oil & Gas, India's largest private-sector crude oil producer; Vedanta Power, one of India's largest generators of power; Vedanta Iron and Steel - a company with a highly scalable ferrous portfolio; and Vedanta Limited which will include the ...
The change of name is subject to the approval of shareholders, the corporate affairs ministry, and other statutory authorities
The judge found no proof that the San Francisco-based company and its top executives intended to defraud anyone by reporting an incorrect profit margin
The shareholders of Zee Entertainment have rejected a proposal for the reappointment of Punit Goenka as director, according to a regulatory filing by the company. The filing by Zee Entertainment Enterprises Ltd (ZEEL) stated that the resolution for the reappointment of Goenka was defeated in the annual general meeting (AGM) of the company. Resolution number three in the AGM, which proposed the reappointment of Goenka as director, was supported by only 49.54 per cent of the total number of votes cast while 50.4 per cent voted against the resolution. "Resolution No. 3 (Goenka's reappointment) failed to get the requisite majority of votes as required under the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015," ZEEL said. This is a major setback for Goenka who is currently the CEO of the company. Several proxy firms had earlier advised the shareholders to vote against resolution number three. However, the three other .
The National Company Law Tribunal (NCLT) on Wednesday stayed a resolution related to amendment in the Articles of Association (AoA) of Aakash Educational Services which allegedly seeks to dilute the rights of petitioners including Singapore VII Topco I. An Extra Ordinary General Meeting (EGM) of Aakash Educational Services was scheduled to be held on Wednesday to consider and approve alteration in the AoA, which was objected to by the petitioners. " ... in the interests of justice, this Tribunal directs the Respondents No.1 to 11 (Aakash Educational Services and others) not to give effect to the resolutions, if passed, in relation to the Agenda Item No 8 in the Extra Ordinary General Meeting to be held on today i.e. 20.11.2024, till the disposal of the main Petition," said NCLT in its interim order. The Bengaluru bench of NCLT directed that the matter will be listed for the next hearing on December 19, 2024. NCLT order came over a petition filed by Singapore VII Topco I Pte Ltd and
State-owned NTPC on Monday said it has paid Rs 2,424 crore as an interim dividend to its shareholders. The company paid its first interim dividend of Rs 2,424 crore for the financial year 2024-25 on November 18, representing 25 per cent of the company's paid-up equity share capital, NTPC said in a statement. NTPC CMD Gurdeep Singh, along with the Board of Directors of the company, presented the "payment advice of Rs 1,238.84 crore, representing the government's share to the Minister of Power Manohar Lal, Power Secretary Pankaj Agarwal", it added. On October 24, the Board of Directors of NTPC approved the first interim dividend of Rs 2.50 on the face value of shares of Rs 10 each for the financial year 2024-25. This marks the 32nd consecutive year that NTPC has distributed dividends to its shareholders. In a separate statement, NTPC said it is setting up a plant at Simhadri in Andhra Pradesh to produce green hydrogen from seawater. "For seawater processing, NTPC has implemented an
Haldiram Bhujiawala, which retails its products under the brand 'Prabhuji,' has been a prominent player in the snacks and savoury industry for six decades
Freshworks 'should not expect any loyalty from employees ever', he says
Reliance Power said it has received shareholders' approval to raise Rs 1,524.60 crore through issuance of preferential shares. A resolution through a postal ballot notice has been passed with requisite majority, the company said in a late night stock exchange filing on Wednesday. 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 at a price of Rs 33 per apiece. On September 23, the board of Reliance Power Ltd had approved raising Rs 1,524.60 crore through issue of preferential shares, wherein promoters will infuse 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 Financial Advisory ...
Company acquired Nirmal Lifestyle Realty Private under the Insolvency and Bankruptcy Code in August
Seven & i has been under pressure from investor ValueAct Capital in recent years to improve its asset allocation and has sold down stakes in other lower-performing assets
Holding co prepays Rs 21,813 crore debt in FY 2024 to declassify itself as NBFC upper layer