In what could lead to increased flexibility in paying higher dividends, Hindustan Zinc’s scheme of arrangement with shareholders to transfer ₹10,383 crore of general reserve to retained earnings has been approved by the National Company Law Tribunal. This will help Vedanta upstream dividend from its subsidiary Hindustan Zinc to repay debt at the holding company … Read more
Hospitality chain Oyo has cited “enhanced business plan” and support for global expansion among objectives of its latest fundraising, regulatory documents show. On Thursday, ET reported that Oyo received shareholder approval for raising ₹416.85 crore through preference shares at an extraordinary general meeting (EGM) held on June 18. The shareholders also approved Oyo’s plan to … Read more
Mumbai: State Bank of India, the country’s largest bank, is nudging its employees and their dependents to operate a stock demat account with its brokerage arm, SBI Securities. Any employee wishing to open a demat account with any other brokerage will have to seek prior approval from his or her controller not below the rank … Read more
