preference shares
LIC board to meet tomorrow to decide IDBI Bank stake hike plan
LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.
IDBI Bank approves issuance preference shares to LIC
The move will eventually lead to acquisition of 51 per cent shareholding by the insurance behemoth in the debt-ridden lender.
Thomas Cook India to redeem Rs 125 cr preference shares
Shares of Thomas Cook India closed at Rs 239.70 on BSE, down 1.20 per cent from its previous close.
Ola raises Rs 231 crore from Tekne Private Ventures
Company ran up a consolidated loss of over Rs 2,311 crore about Rs 6 crore a day during 2015-16.
Reliance Jio to raise Rs 20,000 crore via rights issue
Company started charging for mobile services from April 1, but continues to offer disruptive data rates and free voice calls.
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