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IDBI Bank shares up almost 15% intraday on Govt decision to divest stake


IDBI Bank shares up almost 15% intraday on Govt decision to divest stake
May 06, 2021
LIC too may reduce its shareholding in the bank
IDBI Bank’s shares rose almost 15 per cent in Thursday’s trading vis-a-vis the previous close as the Government decided on a strategic disinvestment of its stake and transfer of management control in the Bank.
In intraday trading so far, the bank’s shares touched a high ₹43.50 apiece and a low of ₹40.15. The shares closed at ₹37.95 on Wednesday.
The bank, in a regulatory filing on Wednesday, said the Department of Investment and Public Asset Management (DIPAM) has informed that the Cabinet Committee on Economic Affairs has given its in-principle approval for strategic disinvestment of Government of India’s (GoI) stake, along with transfer of management control in IDBI Bank Ltd. ....

Bank Ltd , Board Of Life Insurance Corporation India , Idbi Bank , Department Of Investment , Cabinet Committee On Economic Affairs , Bank Go , Public Asset Management , Cabinet Committee , Economic Affairs , Life Insurance Corporation , Reserve Bank , Management Control , Government Of India , In Principle Approval , வங்கி லிமிடெட் , இட்பி வங்கி , துறை ஆஃப் முதலீடு , மந்திரி சபை குழு ஆன் பொருளாதார வாழ்க்கைத்தொழில்கள் , வங்கி போ , பொது சொத்து மேலாண்மை , மந்திரி சபை குழு , பொருளாதார வாழ்க்கைத்தொழில்கள் , வாழ்க்கை காப்பீடு நிறுவனம் , இருப்பு வங்கி , மேலாண்மை கட்டுப்பாடு , அரசு ஆஃப் இந்தியா ,

Aditya Birla MF IPO in the offing - The Hindu BusinessLine


Aditya Birla MF IPO in the offing
March 17, 2021
Board of Directors has provided ‘in principle’ approval
Aditya Birla Capital plans to spin off its mutual fund business into a separate entity and list it on the stock exchange soon.
The Board of Directors has provided in principle approval to explore an initial public offering of Aditya Birla Sun Life AMC, a material subsidiary of the company subject to market conditions, receipt of applicable approvals and other considerations, said Aditya Birla Capital in a statement on Wednesday.
The sharp run-up in equity market and subsequent jump in asset under management of mutual funds has made many fund houses consider listing on the exchange for better valuation. ....

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New thermal power plant approved in Quang Binh province | Business


in-principle approval to the Quang Trach 2
thermal power plant project, the
Quang Binh provincial People’s Committee said
on February 22.
Invested by the Vietnam Electricity Group (
EVN), the project
is located in Vinh Son hamlet in Quang Dong commune, Quang Trach district.
It will have a total capacity of 1,200 MW and cost more than 48 trillion VND (over 2 billion USD), 38 trillion VND, or
80 percent, of which will come from loans.
Its first turbine is scheduled to be put into
use in 2028 and the second one year later.
Similar to the Quang Trach 1 thermal power plant,
which is still under construction, Quang Trach 2 will contribute to local ....

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