Food delivery and quick-commerce platform Eternal said in a statement on Saturday that the financial impact of the new social security code, which took effect on Friday, will not hurt the company’s long-term prospects. The Deepinder Goyal-founded firm added that the exact financial and operational implications will be known only once the rules are formally … Read more
Mumbai: Adani Enterprises Ltd, the flagship company of the Adani Group, fixed its rights issue price at ₹1,800 per share, a discount of 24% from its closing stock price on Tuesday. It has fixed November 17 as the record date and aims to raise ₹24,930 crore through the rights issue In a regulatory filing late … Read more
Agro-chemical firm Bharat Rasayan‘s board has approved the sub-division of its equity shares and issue of bonus shares in a 1:1 ratio to eligible shareholders. The subdivision of shares is meant to boost the liquidity of its scrips and expand the shareholders’ base. In a regulatory filing on Friday, the company informed that the Board … Read more
Infosys’ board meeting on Thursday to consider a share buyback proposal has infused fresh life into the stock, which has rallied 7% in the past two sessions. As the buzz builds, ET Markets explains why companies do share buybacks and what it means for investors: Companies buy back their shares either through open markets or … Read more
Shares of Adani Power surged for the second straight session, climbing as much as 7.7% in two days to hit a high of Rs 648.3 on the BSE on Tuesday, as investors cheered a series of positive developments, including a key international project deal and plans for a maiden stock split. Over the weekend, Adani … Read more
UKB Electronics Limited, a leading Indian electronic manufacturing services (EMS) provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking its intent to raise up to Rs 800 crore through an initial public offering (IPO). The proposed offering includes a fresh issue of equity shares worth … Read more
Thursday, July 17, marks the record date for several prominent companies that have declared dividends for their shareholders. The record date is a key milestone for investors as it determines which shareholders are eligible to receive the declared dividend. In simple terms, a record date is the cut-off date established by a company to determine … Read more
A consortium of key shareholders of ReNew Energy Global has raised the offer price to $8 per share from $7.07 last December for buying out other shareholders in a $880 million bid to delist the company. ReNew on Friday said it has received “a final non-binding offer” from the consortium of Abu Dhabi Future Energy … Read more
The board of directors of VRL Logistics is set to meet on Friday, July 4, in order to consider the issue of bonus shares for its shareholders, who will be eligible as on the record date, which will be declared later. “In accordance with the extant provisions of Regulations 29 of the SEBI (LODR) Regulations, … Read more
Shares of Hindustan Unilever (HUL), Samvardhana Motherson International, among 6 other companies, will likely remain in focus today as they begin trading on an ex-dividend basis from Monday, June 23, meaning today is the last day to purchase these shares to be eligible for the dividend. The record date is the cut-off set by the … Read more