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NEW DELHI :
Here’s a listing of prime ten inventory that could be in information on Thursday:
ICICI Bank: The non-public sector lender will promote up to 2% of its holding in ICICI Securities by means of an open market transaction. “The Board of Directors of the bank, at its meeting held today, approved the sale of up to 6,442,000 equity shares of face value ₹5 each of ICICI Securities Limited (company), representing up to 2 per cent of its issued and paid-up equity share capital, through an open market sale,” ICICI Bank stated in a regulatory submitting.
Lakshmi Vilas Bank: The board of administrators of the financial institution has accredited to enhance the approved share capital from ₹650 crore to ₹1,000 crore. The board has additionally accredited elevating ₹1,000 crore by way of problem of fairness shares and ₹500 crore by way of NCDs.
Punjab & Sind Bank: The public sector lender has declared its publicity of ₹815.44 crore to Dewan Housing Finance Corp Ltd (DHFL) as fraud. “…it is informed that a non-performing asset (NPA) account — Dewan Housing Finance Corporation Limited (DHFL) — with outstanding dues of ₹815.44 crore has been declared as fraud and reported to RBI as per regulatory requirement. Further, the bank has already made provision of ₹203.86 crore as per the prescribed prudential norms,” the financial institution stated in a regulatory submitting.
HAL: The authorities plans to promote up to 15% stake in Hindustan Aeronautics Ltd (HAL) by means of a suggestion sale, which is probably going to fetch round ₹5,020 crore. The authorities will promote 33.43 million shares or 10% stake within the firm with an possibility to promote an additional 16.71 million shares or 5% stake in case of over subscription.
Realty firms: In a bid to increase the actual property market, the Maharashtra authorities has determined to quickly scale back stamp responsibility on housing items. “It is decided to reduce the prevailing stamp duty on the deed of transfer by 3% for the period from 1st September, 2020 to 31st December, 2020 and by 2% for the period from 1st January, 2021 to 31st March, 2021,” the state authorities stated in an announcement.
Mahindra & Mahindra: The firm has inked a pact with Tel Aviv-based REE Automotive to discover manufacturing of electrical business automobiles.
Future Enterprises: The firm is contemplating to increase funds by means of issuance of bonds. The board of the corporate is scheduled to meet on 29 August to think about and consider proposals to increase funds by means of issuance of bonds, together with debentures / non-convertible debt devices, by means of non-public placement or different means, Future Enterprises stated in a regulatory submitting.
Jindal Stainless: The firm’s board has accredited elevating up to ₹162.eight crore by means of problem of convertible fairness warrants. “The board of directors of Jindal Stainless Ltd at its meeting held today…considered and approved raising funds through issue of convertible equity warrants for an amount up to ₹162.8 crore on preferential basis,” the corporate stated in a submitting to the BSE.
Indraprastha Gas: The firm’s internet revenue within the first quarter ended 30 June fell 87.9% year-on-year to ₹35.2 crore from ₹290.eight crore, whereas the income dropped 58.9% to ₹638 crore sequentially from ₹1,552 crore.
Allcargo Logistics: The board of administrators of the corporate will meet right now to think about and approve the voluntary delisting of shares.
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