Stocks to Watch: Bharti Airtel, Indiabulls HFC, Ashok Leyland, DHFL, RailTel
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Bharti Airtel: The telecom operator will conduct an extraordinary general meeting 19 March to seek the approval of board members on the proposal of issuance of equity shares of the company on preferential basis through special resolution. The company had raised $1.25 billion overseas, it said on Thursday.
Indiabulls Housing Finance Ltd: The company has issued foreign currency convertible bonds, it s first such issuance, worth ₹ 1,091 crore, it said on Thursday. The secured convertible bonds are due 2026. The initial conversion price is ₹242 per fully paid-up equity share of the company.
Dewan Housing share rises 5% as lender files resolution application with NCLT businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
"RBI has approved the DHFL resolution plan from Piramal Capital and Housing Finance, submitted by the committee of creditors," the Piramal Group said in a statement.
The Reserve Bank of India (RBI) has approved the DHFL resolution plan from Piramal Capital and Housing Finance, submitted by the committee of creditors, , piramal group, Reserve Bank of India (RBI), dhfl, central bank
India's central bank is likely to propose tightening rules on "shadow banks" in a bid to strengthen solvency and sustainability of a sector that has been showing signs of stress in recent years, two sources said.