Stocks to Watch: Adani Green, Vedanta, Infosys, Coromandel International, RITES
Photo: iStock
Promoters of Vedanta Ltd cannot sell or create any security on shares they hold in the group as part of the terms attached to the recent $1.4 billion fund raising conditions which technically fall within the definition of encumbrance but no pledge on shares has been created.
Share Via
Read Full Story
NEW DELHI :
Here’s a list of top ten stocks that may be in news on Thursday:
Adani Green Energy: The company has commissioned a 100 megawatt (MW) solar power project at Khirsara in Gujarat. Adani Solar Energy Kutchh Two Private Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 100 MW solar power project at Khirsara, Gujarat, ahead of its scheduled commercial operation date (COD) as per its 25-year power purchase agreement (PPA ) with the Gujarat Urja Vikas Nigam India (GUVNL), AGEL said in a statement.
Shareholders of Union Bank of India on Wednesday approved the bank s proposal for raising up to Rs 6,800 crore equity capital to fund business growth. During the Extraordinary General Meeting (EGM), the shareholders passed the special resolution with the requisite majority for raising capital through FPO (Follow-on Public Offering) /Rights or QIP (Qualified Institutional Placement) or preferential allotment, the bank said in a regulatory filing. It would raise the fund during the current fiscal. In order to meet the minimum capital and leverage ratio requirements under the Basel III guidelines for the expansion of business assets and based on the estimated growth, your directors have decided to raise equity share capital up to Rs 6,800 crore, the bank had said in its EGM notice to shareholders.
Union Bank Of India Gets Shareholders Nod To Raise Up To Rs 6,800 Crore moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Union Bank gets shareholders approval to raise up to Rs 6,800 crore
During the Extraordinary General Meeting (EGM), the shareholders passed the special resolution with the requisite majority for raising capital through FPO/Rights or QIP or preferential allotment
PTI | December 30, 2020 | Updated 23:30 IST
Union Bank of India will utilise the raised capital for general business purposes, it said in a regulatory filing
Shareholders of Union Bank of India on Wednesday approved the bank s proposal for raising up to ?6,800 crore equity capital to fund business growth.
During the Extraordinary General Meeting (EGM), the shareholders passed the special resolution with the requisite majority for raising capital through FPO (Follow-on Public Offering)/Rights or QIP (Qualified Institutional Placement) or preferential allotment, the bank said in a regulatory filing.