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

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

Tata Power Company announced that the Mumbai bench of the Honble National Company Law Tribunal NCLT vide its order dated 15 March 2022 has sanctioned the Scheme of Amalgamation of Af-Taab Investment Company with The Tata Power Company and their respective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act 2013 Scheme

Nirmitee Robotics India will hold a meeting of the Board of Directors of the Company on 23 March 2022

Emkay Taps Cutting Tools will hold a meeting of the Board of Directors of the Company on 17 March 2022

Infibeam Avenues has allotted 1338155231 equity shares of Re 1 each by way of bonus issue on 16 March 2022 With this allotment the paid up equity share capital has increased to 2676310462 of Re 1 each

SBI Cards Payment Services will hold a meeting of the Board of Directors of the Company on 22 March 2022

Torrent Power has entered into a Share Purchase Agreement SPA and Shareholders Agreement SHA with Honble Administrator of the Union Territory of Dadra and Nagar Haveli and Daman and Diu Holding Entity and Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation the SPV for purchase of 51Percentage Equity Share Capital of the SPV from the Holding Entity The SPV will be responsible […]

Precision Containeurs will hold a meeting of the Board of Directors of the Company on 22 March 2022

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