News Overview

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

Indiabulls Housing Finance will consider and approve raising of funds through issue of secured andor unsecured bonds in one or more tranches on private placement basis on 22 March 2022

The Board of Wonderla Holidays at its meeting held on 16 March 2022 has approved the appointment of K Ullas Kamath DIN 00506681 as an Additional Independent Director of the Company for a period of five years commencing from 01 April 2022 subject to the approval of shareholders

TeleCanor Global will hold a meeting of the Board of Directors of the Company on 21 March 2022

The Board of Oil India at its meeting held on 16 March 2022 has accorded its approval for investment in its subsidiary company – Numaligarh Refinery for implementation of petrochemical project ie polypropylene unit and its associated facilities at Numaligarh at an estimated capital cost of Rs 6555 crore The Board also approved the formation of a joint venture company between Assam Gas and Oil […]

AU Small Finance Bank has allotted 1031458 equity shares under ESOP on 16 March 2022 The paid-up equity share capital of the Bank will accordingly increase from Rs 3138685730 to Rs 3149000310

NTPC announced that an Extra Ordinary General Meeting EGM of the Company will be held on 18 April 2022

ITC has on 15 March 2022 acquired in the second tranche 1040 compulsorily convertible preference shares of Rs 10 each of Mother Sparsh Care With the aforesaid acquisition ITC now holds 16Percentage stake in Mother Sparsh Care on a fully diluted basis

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

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