Updated Feb 24, 2021 | 10:04 IST
Moody s Investors Service said that RIL s proposed transfer of its O2C business to a separate subsidiary will help the company to monetise stake in the segment. Carving out O2C operations to boost investors wealth, help RIL raise external investment: Analysts | Photo Credit: BCCL
New Delhi: Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL), which has proposed separating its oil-to-chemicals (O2C) operations via a slump sale of assets into a separate unit with a $25 billion loan from the parent, on Tuesday said it had received the green signal from the Securities and Exchange Board of India (Sebi) and stock exchanges to create this independent subsidiary.
Read more about SMC Global Securities lists equity shares on NSE, BSE: Details here on Business Standard. "The shares got listed at Rs 90.90 on NSE and Rs 91.60 on BSE," SMC Global Securities said in a release
SEBI has released a statement in the evening today, asking NSE to submit an immediate report on the technical glitch. SEBI also asks NSE, of reasons why recovery site wasn t activated.
On 23 February 2021 Texmaco Rail & Engineering has allotted 93,54,839 equity shares of Re 1 each to Adventz Finance against the conversion of loan into equity shares availed by the Company from Adventz Finance.
The company also allotted 1,61,29,031 equity shares of Re 1 each to i Saroj Kumar Poddar against the conversion of loan into equity shares
availed by the Company from him.
The issue price for the aforesaid conversion was considered as Rs 31 per equity share of face
value of Re 1 each, as approved by the Shareholders and in accordance with Chapter V of the
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)