The management has been given permission by the VIL board to select bankers and lawyers to carry out the fundraising.
The share buyback is set to conclude on March 6, according to the company's stock exchange filing.
The transaction's estimated value is ₹767 Crore, but the official details of buyers and sellers are not disclosed.
SBI was penalized ₹2 Crore for contravening norms related to the Depositor Education Awareness Fund Scheme, 2014.
The acquisition raises TVS Motor Pte's stake in Killwatt GmbH from 39.28% to 49% through newly issued shares.
The management has been given permission by the VIL board to select bankers and lawyers to carry out the fundraising.
The move aims to enhance share liquidity, affordability for retail investors, and broaden the investor base
Top gainers on the Nifty included Tata Motors, TCS, IndusInd Bank, Power Grid Corp, and Sun Pharma.
Within hours of its public subscription opening on February 27, Exicom Tele-Systems' initial public offering (IPO) was fully subscribed.
It was another year of big profits and a bigger cash balance for Berkshire Hathaway.
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