Page 9 - Shareholders

Bonus debentures: Decide based on asset allocation, say analysts

Those in higher tax bracket may shift to instruments offering indexation benefit

Religare Enterprises to raise Rs 570 crore from preferential issue

Burman family, SSG & new investors to chip in

RInfra seeks shareholders' nod to raise Rs 550 cr on preferential basis

Reliance Infrastructure (RInfra) has sought shareholders' approval to raise up to Rs 550.56 crore through issuance of shares on a preferential basis.

Rel Infra to raise Rs 550 cr from Anil Ambani group, Varde Investment

Of the total, Rs 400 crore will be invested by Anil Ambani group and the rest by Varde Partners

PNB HFC raising up to Rs 4,000 cr in equity; Carlyle group among investors

Aditya Puri, former CEO of HDFC Bank will also infuse capital transactions.

Jamie Dimon succession race has two women ahead of pack at JP Morgan

Marianne Lake and Jennifer Piepszak have been named as co-heads of consumer and community banking business.

Central Bank gets nod to allot Rs 4,800-cr preference shares to govt

Central Bank of India on Tuesday said its shareholders have approved allotment of preference shares to the government for a Rs 4,800-crore capital infusion.

CG Power seeks shareholders nod for preferential allotment of shares to SCB

CG Power and Industrial Solutions on Friday said it will seek shareholder approval to allot 1.38 crore shares for Rs 101.20 crore to Standard Chartered Bank on a preferential basis

Motherson Sumi Systems gets shareholders' nod for proposed restructuring

The firm will demerge its domestic wiring harness (DWH) business into a new company that will eventually be listed

TCS shareholders to earn record Rs 30,250 crore from firm in FY21

Tata Sons likely to net nearly Rs 22,000 crore from its crown jewel for the past financial year

Japan's Toshiba Corp considers $20 billion take-private deal: Report

Toshiba is considering a $20 billion offer from private equity firm CVC Capital Partners to take it private as the Japanese conglomerate faces pressure from activist shareholders to improve governance

Tata-Mistry spat: What it means for minority and small shareholders

Experts explain the distinction between the rights of small and minority shareholders in public-listed and private companies

Shareholder of DHFL moves Bombay High Court, seeks stay on delisting

The regulation further provides that the floor price will be determined in terms of the Takeover Regulations

Shareholders vs stakeholders, once more

The debate resurfaced last month after JP Morgan's board rejected the switch to become a shareholder-focused entity

Magma Fincorp shareholders approve 60% acquisition by Poonawalla-led firm

The networth of the company will increase to over Rs 6,300 crore post the issuance

Yes Bank get majority vote of shareholders for Rs 10,000 cr fund mop-up

Yes Bank on Tuesday said its shareholders have approved a proposal for raising Rs 10,000 crore capital with the requisite majority. As many as 98.78 per cent votes were cast in favour of the resolution to authorise the bank to raise capital through issuance of equity shares or other securities, Yes Bank said in a regulatory filing. "We would like to inform that the special resolution...has been approved by the members with requisite majority," Yes Bank said. On January 22, while declaring its financial results for quarter ended December 31, 2020, Yes Bank had informed about Rs 10,000 crore fund raise plan through various modes. In its notice for the postal ballot on the capital raise plan, the bank said that it wants to further strengthen the common equity tier 1 (CET 1 or core capital) ratio and to ensure that it has enough capital to support growth and maintain adequate buffers to deal with any unforeseen impact. And it had proposed to raise equity capital not exceeding Rs 10,000

Indian Bank seeks shareholders nod for Rs 4,000 cr equity capital raise

State-owned Indian Bank on Tuesday said it held an extra-ordinary general meeting (EGM) to seek shareholders nod for raising equity capital up to Rs 4,000 crore through various means. Extraordinary General Meeting (EGM) of the bank was held on 2nd March, 2021 through video conferencing/other audio visual means in accordance with government guidelines, the bank said in a regulatory filing. The EGM was chaired by bank MD&CEO Padmaja Chunduru who informed that sole agenda of the meeting was to seek approval of shareholders by way of passing special resolution to raise equity capital up to Rs 4,000 crore through QIP/FPO/rights issue or any combination of these, Indian Bank said. "The resolution seeks to enable the bank to create, offer, issue and allot equity shares by way of follow on public offer and/or on a private placement basis or any other mode approved by GOI and RBI. The issue proceeds will enable the Bank to strengthen its capital base to support growth," it said. As of now,

Global dividend payouts forecast to revive by as much as 5% in 2021

Janus Henderson's report warned that dividends could still fall 2% this year, in a worst-case scenario. But its best-case scenario sees 2021 dividends up 5% on a headline basis

Not a penny to equity holders as DHFL bidders value firm's shares at zero

Investors baffled as DHFL had a market valuation of Rs 941 cr on Monday, with its stock trading at Rs 30 a share even after the company was sent for bankruptcy proceedings

Dismantling Murugappa Advisory Board not in investor interest: Arunachalam

She says she learnt about the development from media reports, not from the family