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Bank Of India has received a demand notice of just over Rs 1,000 crore from the assessment unit, Income Tax department, pertaining to AY 2016-17.
According to a regulatory filing on Thursday, the executive committee of the Board of Directors of Macrotech Developers has approved the allotment of 12,500 non-convertible debentures of Rs 1 lakh each aggregating to Rs 125 crore.
BSE was the top gainer in the Nifty500 index, soaring 521 percent, followed by IRFC and Suzlon Energy, which skyrocketed 462 percent and 444 percent, respectively.
Realty firm Macrotech Developers, also known as Lodha Group, has inked a share purchase agreement with Siddhivinayak Realties Private Limited to acquire a 50 per cent stake in the company. Additionally, the firm said it would raise Rs 125 crore through the issue of non-convertible debentures (NCDs).
The Nifty Smallcap 100 index in FY24 has gained 76.15%, spiking from 8,701 points to 15,327 points. 40 stocks have achieved multibagger status.