Axis Bank Raises Stake in Max Life Insurance by 6.23%, Shares of Max Financial Sevices Surge 8%
Axis Bank announced that it would acquire an additional 6.23% stake in Max Life Insurance for a total consideration of Rs 1,612 crore or $194.6...
Tag : preferential allotment
Adani Green Energy to Consider Raising Funds in the Upcoming July 6 Board Meeting
Adani Green, a renewable energy company of Gautam Adani, is to consider approving fundraising on July 6. In a BSE filing, Adani Green said, “A...
Sebi Overhauls Preferential Allotment Rules for REITs, InvITs
Sebi on Monday overhauled the pricing norms for preferential allotment units in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). Under the new...
HDFC Life Rallies 5%, Hits Record High
On Thursday, HDFC Life Insurance Ltd shares have rallied 5 per cent to hit a fresh record high of Rs 758.50 on the Bombay Stock...
Canara Bank to raise Rs.4,865 crore through preferential allotment
Canara Bank, has given approval to the proposal of raising Rs.4,865 crore through preferential issue to Government of India (GOI). The company in its board...
Bank of Maharashtra to raise Rs.650 crore via preferential allotment
Bank of Maharashtra is going to raise equity capital of Rs.650 crore. The company has received approval from its board of director’s to raise equity...
LIC going to infuse Rs 57 crore into Allahabad Bank
Allahabad Bank is going to raise Rs 57.5 crore through issuing shares on a preferential basis to LIC. At the bank’s extraordinary general meeting which...
LIC has raised stake in Canara Bank, Bank of Baroda
The Life Insurance Corporation (LIC) has raised stake in Canara Bank by about 7.7 percent through preferential allotment of shares. It also has increased its...