News Overview

Punjab National Bank has reported borrowal fraud of Rs 206014 crore in NPA account of ILFS Tamil Nadu Power Co at Extra Large Corporate Branch at Delhi Zonal Office Delhi The Bank has already made provisions amounting to Rs 82406 crore as per prescribed prudential norms

Infosys will hold a meeting of the Board of Directors of the Company on 13 April 2022

The Board of Urja Global at its meeting held on 16 March 2022 has approved further investment in Urja Batteries by way of subscribing to additional 2000000 equity shares

Bajaj Electricals has allotted 60285 equity shares under ESOP Post this allotment the paid up equity share capital shall comprise of 114874114 equity shares of Rs2 each fully paid-up amounting to Rs229748228

OnMobile Global has allotted 4999 equity shares on 17 March 2022 under ESOS

JM Financial has allotted 6209 equity shares under ESOP on 16 March 2022 Subsequent to the allotment of the equity shares as above the paid-up equity share capital of the Company is Rs 954055533 representing 954055533 equity shares of the face value of 1 each

Ramco Systems has received the following ratings for Rs 21450 crore bank facilities of Ramco Systems The outlook on the long term rating is revised from Stable to Negative Long term fund based CC reaffirmed – ICRA A; Negative Short term fund based facilities reaffirmed – ICRA A2 Short term non-fund based facilities reaffirmed – ICRA A2 Unallocated reaffirmed – ICRA A; Negative ICRA A2

Indiabulls Housing Finance will hold a meeting of the Board of Directors of the Company on 22 March 2022

Godrej Consumer Products has completed the divestment of its entire stake including the convertible debentures in Bhabani Blunt Hair Dressing and the right to use the BBLUNT brand name to manufacture and sell BBLUNT branded products

BCPL Railway Infrastructure will hold a meeting of the Board of Directors of the Company on 29 March 2022