Page 4 - Shareholders

Kirloskar Bros shareholders to vote on forensic audit starting Tuesday

Kirloskar Industries, a key investor in KBL, had sought the audit over legal fees of Rs 70 crore incurred by the latter. An EGM to consider this issue will be held on Dec 8

Adani Enterprises to raise Rs 20,000 crore through follow-on public offer

The face value of each Adani Enterprises share would be Rs 1 each and the approval of the shareholders would be taken via postal ballot

HDFC Bank elevates Bharucha as Deputy MD, appoints Zaveri as ED

Decision comes ahead of merger; RBI had halted move ahead of Aditya Puri's retirement

ICICI Bank, Bajaj Finance see highest FPI inflows in July-September

Conversely, Reliance Industries and Tata Consultancy Services saw the maximum FPI outflows at Rs 44,622 crore and Rs 17,838 crore, respectively

SpaceX mulling secondary share sale at $150 billion valuation: Report

The offering would be aimed at helping employees and shareholders cash out, two of the sources said

Tencent to hand $20 billion Meituan stake to shareholders as sales slip

Meituan said it would maintain its mutually beneficial business relationship with Tencent after the divestment, which comes as the Shenzhen-based tech giant shuts some unprofitable businesses

Tata Consumer and Tata Coffee shareholders approve merger at Nov 12 vote

Tata Consumer Products will issue one equity share for every 22 share held in Tata Coffee to existing shareholders

Dhanlaxmi appoints 3 new directors in board, paves the way for rights issue

The bank management and shareholders have reached compromise formulae on the issue of appointing the latter's representatives as directors on the bank's board

A different kind of quiet quitting

Policy loopholes are encouraging many promoters to exit their companies stealthily, raising the question: Should promoters be in control after pledging their shares?

Meta's $677 billion rout boots it out of the world's top 20 stocks

Net profit cut in half, even as Zuckerberg seeks 'patience' from investors

Rights issue: Lull after 3 stormy years, mop-up Rs 2,867 crore in CY22

Mop-up Rs 2,867 cr in CY22, as against Rs 25,335 cr in same period last yr

Dhanlaxmi Bank's shareholders seek to curb CEO's spending powers

The shareholders seek to suspend powers exercised by CEO Shivan JK in respect of all capital and revenue expenditure, except statutory payments such as salaries and wages

Dhanlaxmi Bank shareholders seek to curb CEO spending powers; EGM on Nov 12

Through another resolution, the shareholders are also seeking a settlement on the issue of a legal battle with some shareholders regarding board positions.

Anil Agarwal-led Vedanta group gets shareholder nod to rejig capital

The development acquires significance since Vedanta's holding company, Vedanta Resources, will receive nearly 70 per cent of the dividend to be distributed

Infosys shares drop 2.6% despite buyback proposal, end at Rs 1,425

The stock underperformed both the Nifty and the Nifty IT index, which fell 1.5% and 2%, respectively

Ambuja gets shareholders' nod for raising Rs 20K-cr from Adani group firm

Ambuja Cements Ltd on Saturday said it has received shareholders' approval for all proposals in its EGM, including a resolution to raise Rs 20,000 crore from an Adani group firm and appointment of Gautam Adani and others on the board of the company. The Extraordinary General Meeting (EGM) has passed the special resolution proposing to raise Rs 20,000 crore by issuing securities on a preferential basis to Harmonia Trade and Investment Ltd, an Adani group entity, with 91.37 per cent votes, Ambuja Cements said in a regulatory update. Resolutions to appoint Adani Group Chairman Gautam Adani, his son Karan Adani and two directors and four independent directors on the board of Ambuja Cements were also approved by the shareholders. The proposal for the appointment of Gautam Adani was approved with 96.51 per cent of the valid votes cast in favour, while the appointment of Karan Adani received 99.96 per cent votes, as per the scrutiniser's report on the voting results. The shareholder also

Birla Corp to invest $1 bn over eight yrs, raise capacity to 30 mn tonnes

Current consolidated capacity is about 20 mn tonnes; mix of greenfield and brownfield projects, de-bottlenecking existing operations to help add another 10 mn tonnes

Dish TV stock falls 10% as shareholders reject results, auditor appointment

The shareholders rejected appointments of Rakesh Mohan as an independent director as well as S.N. Dhawan & Co LLP, Chartered Accountants as the auditor of the company

Dish TV shareholders reject 4 resolutions at AGM, board strength down to 2

Adoption of FY21 and FY22 financial statements and new statutory auditors not accepted at AGM

Future Supply Chains calls off sale of warehouse assets over approval delay

Company will consider other opportunities for rehabilitation of business ops