Ultratech Cement among 11 other companies will likely remain in focus today as they had declared July 30 as the record date for the purpose of determining the eligible shareholders for the dividend payment. This means that today is the last day to buy the shares of these companies in order to be able to … Read more
The board of directors of the state-owned company NTPC on Saturday declared August 7 as the record date for the purpose of determining the eligible shareholders for the final dividend of Rs 3.25 per share. “It is hereby informed that the Company has fixed Wednesday, 7th August, 2024 as Record Date for the purpose of … Read more
The state-owned company REC Ltd on Saturday declared an interim dividend of Rs 3.50 per share for the financial year 2024-25 along with its results for the quarter ended June 30, 2024. “Declaration of interim dividend @ Rs 3.50/ – (Rupees Three and Paise Fifty only) per equity share of Rs 10 each for the … Read more
India’s leading retail mall developer and operator Phoenix Mills has announced that its board of directors will be considering the issue of bonus shares for its shareholders in its upcoming board meeting scheduled on July 31. “In furtherance to our letter dated July 24, 2024, regarding intimation of Board Meeting scheduled to be held on … Read more
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
Caplin Point Laboratories, which is engaged in developing and marketing a range of generic formulations, has seen a stellar rally in the last 10 year period, rising as much as 2,767%. Accordingly, if an investor had invested Rs 10,000 in the stock four years ago and stayed put, the investment would have jumped to 2.7 … Read more
Mumbai: IndiaFirst Life Insurance will launch its public issue within the next 18 months if it is able to consistently achieve quarterly growth that’s higher than the industry’s pace, newly appointed chief executive Rushabh Gandhi told ET. Gandhi said the “IPO plan has been deferred but not shelved”, and will align with market conditions, which … Read more
The National Company Law Tribunal (NCLT) has approved Raymond’s composite scheme of arrangement and restructuring involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm, paving way for a more focused and streamlined corporate structure. The NCLT approval facilitates the separation of demerging entity Raymond Ltd and Raymond Lifestyle, which … Read more
A spokesperson for the Burman family said: “We remain committed to completing the Open Offer in the interest of public shareholders of Religare Enterprises Ld.” In response to the Sebi order, a Religare spokesperson said: “As per Sebi’s advisory the company will apply for the fit and proper status of the acquirers for the open … Read more
Market regulator Securities and Exchange Board of India (Sebi) has issued a warning to ICICI Bank on the outreach undertaken by the lender regarding the delisting of ICICI Securities. The regulator said the outreach programme was done with the objective of maximising participation in the voting process. “The outreach was done in face of a … Read more
