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Tatas to go slow on deal to acquire debt-laden Jet Airways: reports

Directors are asking for more details on the deal at the next board meeting, expected in the third week of Dec.

20 Nov 2018 11:17 AM

IHH assumes control of Fortis, board approves Rs 4,000 cr preferential allotment

The board also approved the appointment of four IHH nominees on Fortis board.

14 Nov 2018 10:48 AM

Govt may nudge LIC, SBI to buy out IL&FS

LIC and ORIX Corporation of Japan are the largest shareholders in IL&FS having 25.34 per cent and 23.54 per cent stake respectively.

12 Nov 2018 12:16 PM

ArcelorMittal wins bids to buyout Essar Steel

ArcelorMittal has been chosen by lenders to takeover debt-laden Essar Steel for about Rs 42,000 crore.

26 Oct 2018 1:30 PM

Ruias offer Rs 54,389 crore to retain Essar; ArcelorMittal opposes

The fresh offer for settlement by Essar Steel has been made under Section 12A of the IBC.

26 Oct 2018 10:15 AM


Essar Steel shareholders offer to pay Rs 54,389 cr to clear all dues of lenders

The CoC is empowered to consider and approve this Settlement Plan with the requisite voting share.

25 Oct 2018 5:43 PM

MTNL gets shareholders' nod to raise share capital 12 times to Rs 10,000 cr

The resolution to raise the borrowing powers of the board from Rs 18,000 crore to Rs 25,000 crore was passed as a special resolution.

12 Oct 2018 6:28 PM

LIC makes Rs 12,602 crore open offer for IDBI stake

LIC came out with an open offer for acquiring 26 per cent equity in IDBI Bank at a price of Rs 61.73 per share.

05 Oct 2018 11:18 AM

IDBI board approves issuance of preferential shares to LIC

The government has already approved the proposal of LIC to increase the stake in IDBI Bank.

04 Oct 2018 3:03 PM

Central Bank of India may not participate in rights issue of IL&FS

Central Bank of India had 7.67 per cent stake in IL&FS at the end of March 2018.

03 Oct 2018 7:53 PM


Vedanta shareholders back London delisting amid protest

The cancellation of the listing was confirmed at a final London shareholders’ meeting.

02 Oct 2018 9:06 AM

LIC, Orix, SBI to subscribe to Rs 4,500 crore IL&FS rights issue

The announcement came at the annual general meeting (AGM) of the company that has been defaulting on debt obligations.

29 Sep 2018 1:46 PM

RBI clamps down on Bandhan Bank over owner's stake

Bandhan Bank is taking necessary steps to comply with licensing condition to bring down its main shareholder's stake to 40 pc.

29 Sep 2018 11:00 AM

IDBI board to consider allotment of 51 pc shares to LIC on Oct 4

IDBI Bank's scrip closed at Rs 50 on BSE, up 0.40 per cent.

28 Sep 2018 6:11 PM

How Kochhar got clean chit in 15 minutes, asks shareholder

The bank’s shareholders also sought stern action from the bank on any misdoings on the part of Kochhar.

13 Sep 2018 9:52 AM


HCL Tech's Rs 4,000 crore buyback offer to commence on September 18

The company's shareholders had last month approved the buyback proposal.

11 Sep 2018 3:34 PM

LIC board decides modalities, timeline for stake hike in IDBI Bank

LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.

04 Sep 2018 1:49 PM

Overconfident CEOs more likely to get fired

Study finds that overconfident CEOs are 33 per cent more likely to get sued by shareholders than CEOs with normal confidence.

03 Sep 2018 8:54 AM

L&T to seek shareholders' nod to buyback shares worth up to Rs 9,000 cr

Notice is hereby given to seek approval of the shareholders for buyback of equity shares.

31 Aug 2018 5:20 PM

Chanda Kochhar on board of ICICI Securities

According to an NSE filing, 366 members cast votes. While 259 voted in favour of Kochhar, 83 voted against and 24 abstained.

31 Aug 2018 9:28 AM