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The shareholders of Unitop Chemicals started arbitration against promoters of Rossari Biotech, the company which had acquired Unitop in 2021. The Unitop shareholders have alleged that Rossari Biotech has breached the agreement for acquiring 100% stake in Unitop Chemicals. ....
The net profit that Axis Bank reported from FY17 to FY21, would be less than the number that Axis Bank is expected to report in FY22, says Hemang Jani, Equity Strategist & Senior Group VP, MOFSL Managements of the biggies like Axis Bank and Bajaj Finance are saying they can ride out the Covid storm this quarter and that they are well buffered as of now unless something like national lockdown happens, What did you read into Axis numbers? If you look at the Q4 numbers, one thing which is coming out very clearly is that the financials and particularly the corporate focussed financials are reporting better numbers on most of the parameters like incremental slippages and loan growth and that is giving a lot of comfort to investors. ....
Laxmi Organics files ₹800-cr IPO papers with SEBI December 16, 2020 Laxmi Organics, a manufacturer of acetyl intermediates and specialty intermediates, has filed initial papers with the market regulator to raise ₹800 crore through an Initial Public Offering (IPO). The IPO would comprise a new issue of ₹500 crore and an offer for sale of ₹300 crore by the promoter, Yellow Stone Trust. Laxmi Organics has filed a Draft Red Herring Prospectus with SEBI on Wednesday. The Mumbai-based speciality chemicals manufacturer, which started as a manufacturing company for acetaldehyde and acetic acid in 1992, is also the largest manufacturer and exporter of ethyl acetate from India. ....