reserves

Vedanta can get over Rs 6,500 crore after HZL reserve transfer nod

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Vedanta can get over Rs 6,500 crore after HZL reserve transfer nod

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

HDFC Bank: HDFC Bank may take infra bond route to raise around Rs 15,000 crore

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HDFC Bank: HDFC Bank may take infra bond route to raise around Rs 15,000 crore

Mumbai: HDFC Bank is making market enquiries about the issuance of infrastructure bonds worth around ₹10,000-15,000 crore as India’s largest lender by market value looks to garner long-term capital and meet the reserve requirements arising out of its last-year merger with erstwhile parent HDFC. “Bond markets are relatively stable now after the election-related volatility and … Read more