After jumping 435% in one year, the board of multibagger stock KPI Green Energy today announced a stock split in the ratio 1:2, meaning that one equity share of the company will now be split into 2 equity shares. “The Board of Directors, inter alia, has considered, approved and recommended ordinary resolution through postal ballot … Read more
New Delhi, Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender. The National Company Law Tribunal (NCLT) convened a meeting on May 17 through video conferencing and other audio-visual means to consider and approve the composite scheme of amalgamation for IDFC First … Read more
Mumbai: Religare Enterprises has moved the Delhi High Court against the Securities and Exchange Board of India (Sebi) for its alleged inaction on the complaints made against the Burman family, the Dabur promoters who have emerged as the largest Religare shareholders and want management control of the financial services firm. Religare has asked the court … Read more
Mumbai: Sixteen domestic mutual funds, which held shares of ICICI Securities, voted in favour of parent ICICI Bank’s proposal to delist the broking arm, according to data compiled by primeinfobase.com. Seven fund houses opposed the plan in the voting process held on March 27, the data showed. The terms of the proposal were controversial with … Read more
Mumbai: Securities and Exchange Board of India (Sebi) is examining allegations made by some minority shareholders of ICICI Securities that they were coerced by the relationship managers (RMs) of its parent ICICI Bank to vote in favour of a proposal to delist the stock broking arm. These small investors have also moved the company law … Read more
New York: Tesla will ask shareholders to vote again on the same $56 billion compensation package for chief executive officer Elon Musk that was voided by a Delaware court early this year. In its proxy filing issued Wednesday, Tesla said it will call a vote on moving the company’s state of incorporation to Texas from … Read more
Mumbai: ICICI Bank’s contentious bid to delist ICICI Securities (I-Sec) has been cleared by the broking arm’s public shareholders. In the voting process that ended on March 27, investors holding 71.89% of the lender’s shares favoured the proposal, while those owning 28.11% voted against it, paving the way for ICICI Securities’ delisting from the bourses. … Read more
Mumbai: Both the management and minority shareholders of India’s leading broking firm, ICICI Securities, are gearing up for the extraordinary general meeting (EGM) scheduled on March 27 for the firm’s delisting. At this meeting, approval for the company’s scheme of arrangements with ICICI Bank will be sought. While the company has engaged the services of … Read more
Mumbai: Shares of TRF, a Tata Group enterprise, surged to their highest level in more than eight years after its plan to amalgamate with promoter Tata Steel was called off earlier this week. The stock, which rose 10% on Friday – the highest tradable limit of the day – to ₹432.50, has jumped close to … Read more
Meta Platforms Inc. just become Wall Street’s top comeback kid. It was only a couple of years back the Facebook owner suffered the single biggest market value destruction in stock-market history. But the company has come a long way since then, on Thursday it dazzled shareholders with yet another impressive quarterly earnings report as the … Read more
