Mar 25, 2022By: Vaamanaa Sethi
The board of Tata Consumer Products is considering raising funds through equity shares up to 1.5 percent to a foreign company on March 29 through preferential allotment.
In a recent development, the Securities and Exchange Board of India (SEBI) has slapped a ₹5 lakh penalty for flouting merchant banking rules and regulations.
The board of Kohinoor Foods has agreed to sell out (slump sale) the factory unit of the company located in Sonepat (Haryana). Also, Chashu Arora has been appointed as the chief financial officer (CFO) of the company.
The Hyderabad-based company has recently got a new project from the Indian army to design and develop a prototype of the Integrated Air Defence Combat Simulator.
The firm is still in the spotlight because of its 10-minute delivery announcement. Zomato-backed Curefit posted a ₹ 671 crore loss in FY21, as per online news portal Entrackr. It also saw its revenue shrink by 67 percent in FY21 as compared to FY20.
The petrol and diesel prices hiked again, on Friday, which is the third hike this week.
The SBI Funds Management has purchased 1.45 lakh equity shares in the power transmission company through the open market on March 23.
Lighthouse India III Equity Investors Ltd. bought 2.48 percent in the company on March 24 through the open market.
The National Company Law Tribunal (NCLT) approved the merger of M&M and its subsidiary by absorption of Mahindra Engineering and Chemical Products, Retail Initiative Holdings and Mahindra Retail.