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Stocks in news: Info Edge, TCS, Titan, PNB Housing, Railtel Corp and more

Stocks in news: Info Edge, TCS, Titan, PNB Housing, Railtel Corp and more Stocks in news: Info Edge, TCS, Titan, PNB Housing, Railtel Corp, Bajaj Healthcare, Mahindra & Mahindra and more Stocks in news: Info Edge, TCS, Titan, PNB Housing, Rail Corp, JK Tyre and more BusinessToday.In Updated Jul 08, 2021, 9:35 AM IST Benchmark indices opened on a flat note today a day after logging record closing highs.  Sensex was trading 23 points higher at 53,078 and Nifty gained 4 points to 15,883. Tech Mahindra, IndusInd Bank, Mahindra & Mahindra, Bajaj Auto, NTPC and Titan were the top Sensex gainers. On Wednesday, Sensex closed above 53,000 level for the first time propelled by gains in metal and capital goods stocks. The 30-stock index rose 194 points to close at its fresh lifetime high of 53,054.76. Nifty climbed 61.40 points to its record peak of 15,879.

PNB Housing-Carlyle deal: PNB Housing, parent firm differ view on Carlyle deal recast

The hearing before SAT, which was adjourned on July 5, is scheduled for July 12. “The board of the company, by a majority resolution passed on July 6, 2021, decided that since the issue involved relates to interpretation of law and is sub-judice, before the Hon’ble Securities Appellate Tribunal (“SAT”), the Board will await the SAT’s order on this issue,” PNB Housing said in a regulatory filing Wednesday. PNB board, after deliberating on the issue on July 3 on the basis of a legal opinion obtained from a law firm, told PNB Housing to “take cognizance of the directive issued by SEBI vide their letter dated June 18, 2021 and reconsider restructuring the contours of the deal/transaction of the capital raising in line with such SEBI directive”.

India s Punjab National Bank tells housing finance arm to reconsider $534m Carlyle deal

Photo: Reuters July 8, 2021 State-run Punjab National Bank has asked the board of its PNB Housing Finance Ltd unit to reconsider the contentious ₹4,000 crore ($534 million) stake sale to Carlyle Group and others, and carve out an alternative capital-raising plan compliant with regulatory rules. PNB Housing told exchanges on Wednesday that its board met on 5 and 6 July after receiving the letter from its parent on 4 July. The housing finance company said it will decide on the issue after the Securities Appellate Tribunal (SAT) pronounces its judgement. “The PNB letter conveyed a decision taken by the board of directors of PNB at their meeting held on 3 July 2021 (on the basis of a legal opinion obtained from a law firm and deliberated at such board meeting) that, in their view, the board of directors of the company should take cognizance of the directive issued by Sebi vide their letter dated 18 June 2021 and reconsider restructuring the contours of the deal/transaction of th

PNB Housing Finance share price: PNB Housing hits upper circuit as PNB asks it to restructure Carlyle deal

PNB Housing Finance share price: PNB Housing hits upper circuit as PNB asks it to restructure Carlyle deal
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