The Company holds 100% participating interest in the block. The Block was awarded to the Company in October 2018 and is one of the 41 Blocks awarded to it in the OALP-I round of bidding. The company has notified a Gas & Condensate Discovery (named ‘Jaya’) in its exploratory well Jaya1 (earlier Jambusar-Updip-1) drilled in OALP Block CB-ONHP/2017/2 in Bharuch District of Gujarat. During the company's 39th AGM, which was held earlier this week, the members also rejected the proposal of increasing Lal's remuneration. Earlier on August 17, 2021, shareholders in the AGM had rejected a proposal for the re-appointment of Siddhartha Lal as the company's managing director for a period of five years with effect from May 1 this year. Besides, the Board has now approved a revised remuneration structure for the Managing Director, with a maximum cap of 1.5% of profits as per Section 198 of the Companies Act, the company further stated. The company has reappointed Siddhartha Lal as Managing Director with effect from May 1, 2021, for a term of 5 years, subject to requisite approvals of the shareholders through postal ballot. Maruti Suzuki: Down 0.45% The Competition Commission of India (CCI) on August 23, 2021, imposed a fine of Rs 200 crore on the country's biggest carmaker Maruti Suzuki India Limited (MSIL) for anti-competitive practices related to how it forced dealers to discount cars.Įicher Motors: Down 0.18%. Besides, IHCL’s board also approved the formation of a committee of directors for the said Rights Issue to decide on its terms and conditions including the rights entitlement ratio, the issue price, record date, timing and other related matters. The proceeds of the issue will be utilised for capital expenditure, growth plans and debt repayment and will be finalised in consultation with the merchant bankers. The Board of Directors of Indian Hotels Co Ltd (IHCL) has approved the plan to raise up to Rs 3,000 crore through a rights issue. The subcommittee approved the issue price of Rs 149.35 per equity share, which is at a discount of Rs 6.23 per equity share or 4% per equity share to the floor price, for an aggregate value of Rs 2,500 crore to be allotted to the eligible qualified institutional buyers in the QIP. Last week, the bank had launched the qualified institutions' placement (QIP), setting the floor price at Rs 155.58 per equity share. State-owned Canara Bank closed its QIP, garnering a total of Rs 2,500 crore equity capital in the issue. The issue comprised a fresh issuance of shares, aggregating up to Rs 500 crore, and an offer for sale of up to Rs 2,280 crore by promoters and existing shareholders.Ĭanara Bank: Up 1.21%. The qualified institutional buyers' portion was booked 32.4 times, while the portions set aside for non-institutional investors and retail investors were subscribed 33.91 times and 1.35 times, respectively. The Rs 2,780 crore initial public offering of Aptus Value received strong demand and was subscribed 17.20 times between August 10-12, 2021. Aptus Value Housing Finance India: The stocks of housing finance company Aptus Value Housing Finance India debuted on bourses today at Rs 333 per share against an issue price of 353 per share.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |