Ashok Chawla has resigned as the Non-Executive (Independent) Chairman of Yes Bank
on November 14 with immediate effect.
Kotak Mahindra Bank
stock in focus today as ING Group seeks to sell its entire 3.7% stake in the bank via block deals.
stocks in focus today as Vodafone Idea looks to raise Rs7,250cr from Aditya Birla Group. Grasim and Hindalco own 11.55% and 2.61% stake in Vodafone Idea.
Board approved share buy-back of 21.4cr shares, representing 2.09% of equity capital at Rs28 per share aggregating to Rs600cr. The record date set for buy-back is November 30.
’s joint venture ‘Resurgent Power’ signed a share purchase agreement to acquire 75% stake and 27cr preference shares in Prayagraj Power Generation for Rs6,000cr.
approved a buy-back of 13.12% of equity share capital at Rs550 per share, aggregating to Rs82.5cr.
board approved a proposal to demerge chemical business of the company. The consideration for the resulting company will be 1:1.
received no observations on Form 483, as the USFDA completed the inspection at the company’s Bioequivalence Facility at Taloja, Maharashtra.
said it was considering a share buy-back and issuance of debt securities on November 19.
IOL Chemicals & Pharma
board approved enhancing of Metformin Unit for Rs2.7cr and completion of Clopidogrel Bisulphate and Fenofibrate for Rs19.26cr.
Apollo Hospitals Enterprise
board approved to demerge front-end retail pharmacy segment into a standalone pharmacy segment called Apollo Pharmacies.