In News

In News

Ujjivan Small Finance Bank: The company said the board on June 8 will consider the proposal for raising of funds by way of issuance of debt securities on a private placement basis, in one or more tranches. 

RattanIndia Power: Vibhav Agarwal has resigned as Managing Director of the company due to his personal reasons. Hence he also ceased to be Key Managerial Personnel of the company on June 3. Asim Kumar De, Whole Time Director of the company, has assigned additional responsibilities to discharge the functions which were earlier assigned to Managing Director, for interim period, till the time a new Managing Director is appointed by the company. 

V-Guard Industries: SBI Mutual Fund through its several schemes acquired 59,171 equity shares in the company via open market transactions on June 2. With this, its shareholding in the company stands increased to 9.04 percent, up from 9.027 percent earlier. 

Poonawala Fincorp: Sebi revoked the securities market ban imposed on Abhay Bhutada, Managing Director of Poonawalla Finance, in a case pertaining to alleged insider trading activities in the shares of Magma Fincorp (which is now known as Poonawalla Fincorp). After conducting a detailed investigation in the matter, Sebi found that "Abhay Bhutada had not communicated UPSI (unpublished price sensitive information)." (PTI) 

Prudent Corporate Advisory Services: Promoter group - Niketa Sanjay Shah & PACs - acquired 2.6 lakh equity shares in the company via open market transactions on June 3. With this, promoters shareholding in the company stands increased to 58.44 percent, up from 57.81 percent earlier. 

Adani Transmission: The company has signed Share Purchase agreement with Essar Power to acquire its 100 percent stake in Essar Power Transmission Company (EPTCL). The acquisition is in line with the company's value added growth strategy through organic as well as inorganic growth opportunities. The acquisition cost is Rs 1,913 crore. 

Savita Oil Technologies: The company in its BSE filing said the board on June 21 will consider the sub-division of equity shares of the company. 

Valiant Organics: The company informed exchanges about an incidence of blast in reactor in chlorination section of its plant at GIDC, Sarigam, Gujarat. The incident has taken place on June 3. There has been no loss to human life, however, minor injury reported to one person, who is under medical treatment.