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The bank estimates that the acquisition will likely be completed by the end of October 2023.
Nirma Ltd. will conduct a required open offer to all public shareholders of GLS in accordance with SEBI regulations.
Adani Group verified the formation of the entity, Dharavi Redevelopment Project Pvt Ltd, without going into further detail.
Approval is valid for one year and comes with the condition that HDFC AMC's shareholding in both banks should not exceed 9.5%
The Government has received about Rs 1556 crore and Rs 88 crore as dividend tranches from Coal India Ltd. and BHEL, respectively.
The board will discuss issuing private non-convertible debentures (NCDs) as part of their routine refinancing
The partnership focuses on offering MSME business loans and Gold Loans mainly to borrowers in non-urban areas
Additionally, the central bank informed HDFC AMC that its ownership stake in both private banks should not be greater than 9.5%.
Brent futures for November delivery were down 44 cents, or 0.5%, at $89.18 per barrel. West Texas Intermediate crude (WTI) CLc1 in the United States decreased by 49 cents or 0.6% to $89.17.
Major factors contributing to the bearish trend include foreign fund outflows and a downturn in HDFC Bank's performance