Page 5 - Preferential Issue News Today

Bank Of India, Eveready, Tatva Chintan, VA Tech Wabag, Veranda Learning are the stocks to watch today, even as SGX Nifty indicated a positive start for the benchmark Nifty 50.

The telco, according to sources, is looking to onboard a strategic investor via allocation of preferential equity shares, which is scheduled to be discussed at its board meeting.

After the Franklin Templeton debt mutual fund (MF) debacle and long-drawn litigations that followed, market regulator Securities and Exchange Board of India (SEBI) has decided to mandate trustees of a mutual fund (MF) to obtain the consent of the unitholders when the majority of the trustees decide to wind up a scheme or prematurely redeem the units of a close-ended scheme.

After the Franklin Templeton debt mutual fund (MF) debacle and long-drawn litigations that followed, market regulator Securities and Exchange Board of India (SEBI) has decided to mandate trustees of a mutual fund (MF) to obtain the consent of the unitholders when the majority of the trustees decide to wind up a scheme or prematurely redeem the units of a close-ended scheme.

Reliance Industries Ltd. will acquire a 40% stake in Sterling Wilson Solar for a consideration of approximately ₹2,850 crores.

PNB Housing Finance has terminated the Rs 4,000 crore deal with US-based Carlyle group for a preferential allotment.

PNB Housing Finance terminates Rs 4,000 cr deal with Carlyle group

At a meeting held today, the board decided not to proceed with the preferential issue and the share subscription agreements executed with the Proposed Allottees have been terminated, says PNB.

PNB Housing Finance has terminated the Rs 4,000 crore deal with US-based Carlyle group for a preferential allotment."The Boards primary objective is to raise capital to support the growth of the Company, and the Board believes that the ...

The deal got mired into legal tangles on matters of valuation