Page 2 - Preferential Allotment

Inox Wind board okays issuance of preference shares worth Rs 1,100 cr

Inox Wind on Wednesday said its board has approved the issuance of preference shares worth Rs 1,100 crore to its promoters

Kesoram scraps preferential allotment, plans rights issue

The decision was taken in deference to the views and intent expressed by a cross section of shareholders

Tejas Networks hits upper circuit as Tata Sons arm to buy controlling stake

Panatone Finvest Limited, a subsidiary of Tata Sons, will buy a 43.3 per cent stake in the telecom related services firm for Rs 1,850 crore

LIC Housing Fin approaches SAT in regard to preferential shares allotment

LIC Housing Finance has approached Securities Appellate Tribunal with regard to company's proposal of allotting over 4.5 crore preferential shares to its parent company LIC

Stock exchanges examining preferential share issue to parent firm: LIC HFL

Under the issue, LIC Housing Finance will allot 4,54,00,000 shares to Life Insurance Corporation of India (LIC)

R-Infra gets shareholders nod to raise Rs 550 cr via preferential allotment

Reliance Infrastructure Ltd on Wednesday said its shareholders have approved raising funds up to Rs 550.56 crore through issuance of shares on a preferential basis

PNB Housing hits 5% lower circuit as Sebi halts deal with Carlyle

Sebi has directed the company to undertake valuation of shares by an independent registered valuer as per the provisions of applicable laws

Religare Enterprises to raise Rs 570 crore from preferential issue

Religare Enterprises (REL) on Tuesday said it proposes to raise Rs 570 crore via preferential issuance of shares to a clutch of investors, including existing shareholders, to fund its business plans.

Morepen Labs to raise over Rs 433 cr via issuance of preferential shares

Morepen Laboratories said its board has approved raising over Rs 433 crore through issue of shares to Switzerland's private venture capital firm Corinth Investment Holdings and Liquid Holdings

Bank of India to allot preferential shares to govt for Rs 3,000 crore

Bank of India said it has convened an extra-ordinary general meeting of shareholders this month for seeking approval to the allotment of preferential shares to the government for Rs 3,000 crore

Rossari Biotech slips 5% after board approves Rs 300 cr preferential issue

Rossari proposes to utilise the net proceeds to evaluate and invest in inorganic growth opportunities, within its core chemistries, with a view to diversify its product portfolio

Magma Fin up 5% as shareholders approve share issue to Poonawalla-led firm

The shareholders have approved the company's plan to raise up to Rs 3,456 crore by issuing preference equity shares to Adar Poonawalla-led firm

Indiabulls Ventures to raise Rs 588 cr from six foreign investors

"The total equity investment by the investors would aggregate to Rs 588 crore, equivalent to $80 million in the company," Indiabulls Ventures said

Indian Bank gets board nod to raise Rs 5,000 cr, merge with Allahabad Bank

Indian Bank to be anchor in the merger, which will create country's seventh largest lender

Companies raise Rs 48k cr via preferential allotment in Apr-Feb

This is much higher than Rs 23,260 cr mobilised in the whole of FY15