Mindtree said it will consider a share buyback on March 20. The company’s net worth stands at Rs3,165cr and 10% of it stands at Rs316.5cr, as per BSE filing.
MSTC board approved extension of the bid period for the IPO from March 15 to March 20 and revising the price band from Rs120 to Rs128, which was earlier set at Rs121-128. The issue period had started on March 13.
HUDCO raised Rs5,320cr via government bonds and the proceeds will be utilized for lending to Ministry of Housing and Urban Affairs’ arm.
Embassy Office Parks IPO opens today. The company has allotted 5.8cr units at Rs300 per unit worth Rs1,743cr to anchor investors.
Zydus Cadila received a final approval from the USFDA for Valsartan and Hydrochlorothiazide tablets.
NHPC board approved raising $100mn via external commercial borrowing from Japan’s MUFG Bank and raising bonds worth Rs2,017.2cr from the domestic market.
Bandhan Bank received ‘No Objection’ from the Reserve Bank of India for amalgamation of Gruh Finance with the bank. Gruh Finance also stated in its press release that the company has received 'No Objection' letter from National Housing Bank for the above proposed scheme.
NCLAT said in its order that it cannot direct banks to release Reliance Communication’s Rs2,600cr income tax refund money for payment to Ericsson.
The Securities and Exchange Board of India ordered Religare Finvest Ltd. and Religare Enterprises Ltd. to recall loans worth over Rs2,300cr that were diverted to promoters Shivinder Mohan Singh, Malvinder Mohan Singh and 21 other entities after finding preliminary evidence of fund diversion, as per media reports.
Oil India arm entered into a long-term sale and purchase agreement with Tokyo Gas, CNOOC, Centrica and BPCL arm.
NCLT approved demerger of Prakash Industries’ PVC pipes and fittings and flexible packaging business into Prakash Pipes.
Punjab & Sind Bank said they will raise equity capital of Rs500cr via QIP.
Grasim Industries received demand worth Rs5,872cr from the IT Department. Deputy Commissioner of Income Tax raised this demand on account of dividend distribution tax.
Lakshmi Vilas Bank board approved allotment of 6.38cr shares at Rs72 per share aggregating to Rs459cr to qualified institutional buyers.
Majesco board approved to sell company’s India Insurance Products and Services to its arm for Rs24.4cr.
Wipro launched artificial intelligence and machine learning solutions which will be powered by Amazon web services to develop supply chain management solutions.
Jammu & Kashmir Bank board approved sale of 4.1cr equity shares of PNB MetLife Insurance to Oman India Joint Investment Fund II for Rs185cr.
Lupin’s subsidiary Novel Laboratories Inc. has received a letter from the USFDA classifying the inspection conducted at its Somerset (New Jersey) facility in December 2018 as Official Action Indicated (OAI).