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Sources said fund managers who attended the meeting raised concerns with the company management over the lack of disclosures about the dispute between the promoters prior to the stake sale.
On June 30, promoters and promoter groups, including Khericha, Kumar, Chartered Capital, Saphire Finman Services LLP, and Hitoshi Matsuo, sold around 37.8 million shares representing 24.21% of TD Power in the open market. Promoters, who held a 58.5% stake in the company before the transaction, now hold 34.30%.
Promoter entity Fortitude Trade and Investment offloads entire 3.39 crore shares or 3.04 percent stake in Adani Transmission at an average price of Rs 786.17 per share, which amounted to Rs 2,666.5 crore.
FMDQ Securities Exchange (FMDQ Exchange) has announced the listing of the Dangote Industries Funding Plc's N187.58 billion Series 1 (Tranche A & B) and N112.42 billion Series 2 Senior Unsecured Bonds under the firm's N300 billion Debt Issuance Programme on its platform.
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