News Overview

In a statement with the bourses, the private lender responded, "The RBI has not granted any in principle approval as stated in the article."

BlackRock Emerging Frontiers Master Fund Ltd. and BlackRock Global Funds India Fund invested 0.78% and 0.58% in Swan Energy, respectively.

The acquisition cost includes an upfront payment of ₹133 Crore at closing, subject to adjustments, and a deferred payment of ₹50 Crore over four years, contingent on achieving certain targets and conditions.

On May 28, Inox Wind Energy raised this money by selling roughly 5% of its shares in the company through block agreements.

The company is working on comparable initiatives in a variety of industries, including cement, textile, automotive, and pharmaceuticals.

The NFO is available for subscription from July 09 to July 23. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment.

Furthermore, Nestle India's shareholders authorised the continuation of a 4.5% royalty payment to its Swiss parent, Nestle.

This is expected to lead global fleet owners to consider India as an alternative production destination for future vessels.

The transaction involved 1.4 Crore shares of the railway PSU worth ₹827 Crore, according to exchange statistics.

The RBI gave preliminary approval to Yes Bank and its key shareholders, allowing a 51% stake sale, which is unusual as RBI typically limits promoter holding in domestic banks to 26%.