shareholders
Tatas to go slow on deal to acquire debt-laden Jet Airways: reports
Directors are asking for more details on the deal at the next board meeting, expected in the third week of Dec.
IHH assumes control of Fortis, board approves Rs 4,000 cr preferential allotment
The board also approved the appointment of four IHH nominees on Fortis board.
Govt may nudge LIC, SBI to buy out IL&FS
LIC and ORIX Corporation of Japan are the largest shareholders in IL&FS having 25.34 per cent and 23.54 per cent stake respectively.
ArcelorMittal wins bids to buyout Essar Steel
ArcelorMittal has been chosen by lenders to takeover debt-laden Essar Steel for about Rs 42,000 crore.
Ruias offer Rs 54,389 crore to retain Essar; ArcelorMittal opposes
The fresh offer for settlement by Essar Steel has been made under Section 12A of the IBC.
Essar Steel shareholders offer to pay Rs 54,389 cr to clear all dues of lenders
The CoC is empowered to consider and approve this Settlement Plan with the requisite voting share.
MTNL gets shareholders' nod to raise share capital 12 times to Rs 10,000 cr
The resolution to raise the borrowing powers of the board from Rs 18,000 crore to Rs 25,000 crore was passed as a special resolution.
LIC makes Rs 12,602 crore open offer for IDBI stake
LIC came out with an open offer for acquiring 26 per cent equity in IDBI Bank at a price of Rs 61.73 per share.
IDBI board approves issuance of preferential shares to LIC
The government has already approved the proposal of LIC to increase the stake in IDBI Bank.
Central Bank of India may not participate in rights issue of IL&FS
Central Bank of India had 7.67 per cent stake in IL&FS at the end of March 2018.