Apr 8, 2021By: Rounak Jain
SEBI has imposed a penalty of ₹25 crore on Mukesh Ambani and other members of his family for an issue pertaining to shareholding in 2000.
It has launched Airtel IoT, an integrated platform aimed at enterprises – MG Motor, Paytm, Pine Labs and others are already using these services.
It has announced two key appointments – Subha Tatavarti as the Chief Technology Officer and Suzanne Dann as the Senior Vice President, North America.
It has temporarily suspended the Lucknow-New Delhi Tejas Express till April 30 due to an increase in COVID-19 cases.
It has opened qualified institutional placement of its equity shares at ₹125.79 per share, which is at a discount of 13.33 percent to April 7’s closing price.
It plans to expand its UK subsidiary – Switch Mobility, to India, aimed at continuing the company’s electric vehicle plans in the country.
Its offer to buy back 17.5 percent of equity shares was subscribed 57.5 percent.
It plans to raise ₹1,700 crore by way of a public issue of secured non-convertible debentures. The issue goes live today and will be open till April 29.
It expects growth percentage in sales to be around the thirties in the March 2021 quarter on the back of volume and price growth.
It recorded its highest ever steel sales of 2.72 lakh tonnes, which is a growth of over 31 percent year-on-year.