InGovern raises concern on Triveni Engineering open offer for Sir Shadi Lal Enterprises

[ad_1] Proxy advisory firm InGovern has raised concerns on the rationale and prudence of investment and open offer made by Triveni Engineering and Industries for Sir Shadi Lal Enterprises (SSLE).The two sets of promoters Rajat Lal and his family, who...

Swiggy secures shareholders’ nod to raise over ₹10,400 cr via IPO

[ad_1] Food and grocery delivery major Swiggy has received shareholders' approval for an initial public offering to raise ₹10,414 crore fund through issue of fresh equity shares and an offer for sale, according to sources. A special resolution was passed...

Swiggy gets shareholders’ nod for $1.2 billion public offering

[ad_1] Bengaluru-based food and delivery company Swiggy has received a go-ahead from its shareholders for its initial public offering (IPO), as per regulatory filings. The company is looking to raise up $450 million in fresh capital, and has an offer-for-sale...

Inox Wind board approves 3:1 bonus share issue

[ad_1] Inox Wind (IWL) on Thursday announced that its Board of Directors has proposed the issuance of bonus shares of 3:1 (three bonus equity shares for every one existing equity share) out of the company’s accumulated reserves.The bonus shares shall be issued to the...

Triveni Engineering’s bid for majority stake in Sir Shadi Lal hits roadblock

[ad_1] Triveni Engineering, a leading sugar manufacturer in Uttar Pradesh, after completing purchase of over 25 per cent stake in another listed firm Sir Shadi Lal Enterprises, which has two manufacturing units -- Upper Doab Sugar Mills and Shamli Distillery...

Institutions vote in favour of ISec merger, ICICI Bank says it is in shareholders’ interest

[ad_1] Shareholders of ICICI Securities has approved the proposed merger with parent ICICI Bank. However, the green signal was largely driven by support from institutional investors even as majority retail shareholders voted against the proposal.The voting result showed that 71.89...

Bajaj Auto buyback offer oversubscribed 6.89 times

[ad_1] Bajaj Auto’s ₹4,000-crore buyback offer received a strong response from investors. The offer was oversubscribed 6.89 times according to the data available at BSE. The buyback that opened on March 6 closed on Wednesday.The company announced its intention to...