Foreign promoters of Timken India are likely to sell 6.6% of stakes in the company through block deals on Tuesday, according to a term sheet issued by BofA Securities India. The term sheet indicates that the floor price has been set at Rs 3,550 per share, which is a 10.2% discount to Monday’s closing price … Read more
MUMBAI: About 74 crore shares of Vedanta have been tendered by the public shareholders in the buyback offer made by Anil Agarwal’s Vedanta group to delist the company. A total of 134 crore shares out of 169.73 crore shares held by public shareholders need to be tendered for the delisting to succeed. As on Thursday, … Read more
By Brijendra SinghPre-Independence Punjab was relatively accomplished in agricultural production. By the 1930s, however, the farming community was mired in indebtedness due to the exploitative nature of the existing system. One of the earliest set of institutional agrarian reforms came about with the Punjab Debtors Act, 1936, and the Punjab Agricultural Produce Markets Act, 1939, … Read more