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Investors caught a 32-year-old woman, B Mathumitha, who duped them of Rs2 crore by promising huge returns every month. She was arrested at Kochi airport after returning from UAE. The victims handed her over to the police, leading to a case registered under sections 406 and 420 of Indian Penal Code.
A woman from Tamil Nadu has been booked for duping a distribution firm from Pimple Saudagar of Rs 2.17 crore. Find out more about this case.
Vedant Fashions Ltd (VFL), the owner of Manyavar ethnic wear brand, announces a promoter's plan to sell a 7% stake for at least Rs 1,962 crore. Get the latest updates on the sale.
ESAF Small Finance Bank raises ₹162 crore through preferential allotment April 19, 2021 ESAF Small Finance Bank has raised ₹162 crore as equity through preferential allotment of shares. A total of 2.18 crore shares were allotted preferentially to certain investors in the HNI category including some existing investors, leading to a dilution of around 5 per cent at ₹75 per share. The shares were priced at 2.64 times pre-issue, and 2.45 times post issue, of book value as of September 30, 2020. “The additional capital raised will strengthen the Capital Adequacy by about 250 basis point...