Gdrs

Adani Power on Wednesday said it has received approval of its shareholders to raise up to Rs 10,000 crore through equity shares or other instruments like GDRs and debentures.

Adani Power has sought shareholders' nod to raise up to Rs 10,000 crore through issuance of equity shares or other instruments like GDR, ADR or debentures, increasing its earlier borrowing limit.

Suspecting manipulation in issuance of global depository receipts (GDRs) by 51 companies, Sebi has directed the local custodians to furnish the details of beneficiaries holding such securities.

The Board of Hinduja Foundries has approved the proposal to raise up to Rs 400 crore through Global Depository receipts (GDRs).

Swan Energy on Saturday got shareholders' nod to raise Rs 1,200 crore through qualified institutional placement (QIP), global depository receipts (GDRs), American depository receipts (ADRs) and foreign currency convertible bonds (FCCBs).

The firm in a regulatory filing said shareholders have approved the "...issue of further shares, GDRs, ADRs, FCCBs, bonds, etc in domestic and foreign markets for an amount not exceeding $1 billion."

Under the scheme, the apparel businesses of ABNL and another group firm Madura Garments Lifestyle Retail Company Ltd (MGLRCL) was merged into listed firm Pantaloons Fashion & Retail Ltd (PFRL), which was to be renamed as Aditya Birla Fashion and Retail (ABFRL).

Jindal Saw also said that to raise funds for the "normal capital expenditure, ongoing expansion, modernisation, general corporate purposes, working capital requirement etc", the firm may, at an appropriate time, make an offering by way of public offer and/or private placement of GDRs, ADRs, FCCBs, or any other equity and/or preference share related...

Consequently, the company has also issued a notice to Citibank N.A for termination of the existing depository agreements of the GDRs, it added.

Tata Group's hospitality arm - Indian Hotels Co Ltd, which runs a chain of luxury hotels and resorts under the Taj brand, plans to delist its global depository receipts (GDRs) from London Stock Exchange, two decades after it started trading on the bourse.

The foreign shareholding through FIIs/Foreign Portfolios Investors (FPIs)/NRIs/PIOs/ADR/GDRs in ING Vysya Bank has reached the trigger limit.

The foreign shareholding through GDRs/ADRs/FDI/NRI/PIO/ FIIs/RFPIs in Hathway Cable & Datacom Ltd has reached the prescribed threshold limit, RBI said in a notification.

The company said in a filing to BSE that it plans to issue 15.7 million GDRs amounting to $45.21 million. It represents around 15.7 million equity shares at a price of $2.88 per GDR, equivalent to approximately Rs 181.61 per equity share, which is over 14 per cent higher from its closing price of Rs 158.85 on Friday.

In a suspected case of round tripping through a web of cryptic deals running across India, Hong Kong and Switzerland, the Securities and Exchange Board of India (Sebi) has ordered a detailed probe into the alleged diversion of funds raised by pharmaceuticals company Transgene Biotek through issuance of global depository receipts (GDRs).

German officials talked about staging a historic Olympics in East and West Berlin to celebrate the end of the Cold War. The rest of the world added the 102 medals which the GDR won at the 1988 Seoul Olympics to the 40 won by West Germany and announced the birth of a new sporting superpower to threaten Soviet and American supremacy.

Adani Power on Wednesday said it has received approval of its shareholders to raise up to Rs 10,000 crore through equity shares or other instruments like GDRs and debentures.

Adani Power has sought shareholders' nod to raise up to Rs 10,000 crore through issuance of equity shares or other instruments like GDR, ADR or debentures, increasing its earlier borrowing limit.

Suspecting manipulation in issuance of global depository receipts (GDRs) by 51 companies, Sebi has directed the local custodians to furnish the details of beneficiaries holding such securities.

The Board of Hinduja Foundries has approved the proposal to raise up to Rs 400 crore through Global Depository receipts (GDRs).

Swan Energy on Saturday got shareholders' nod to raise Rs 1,200 crore through qualified institutional placement (QIP), global depository receipts (GDRs), American depository receipts (ADRs) and foreign currency convertible bonds (FCCBs).

The firm in a regulatory filing said shareholders have approved the "...issue of further shares, GDRs, ADRs, FCCBs, bonds, etc in domestic and foreign markets for an amount not exceeding $1 billion."

Under the scheme, the apparel businesses of ABNL and another group firm Madura Garments Lifestyle Retail Company Ltd (MGLRCL) was merged into listed firm Pantaloons Fashion & Retail Ltd (PFRL), which was to be renamed as Aditya Birla Fashion and Retail (ABFRL).

Jindal Saw also said that to raise funds for the "normal capital expenditure, ongoing expansion, modernisation, general corporate purposes, working capital requirement etc", the firm may, at an appropriate time, make an offering by way of public offer and/or private placement of GDRs, ADRs, FCCBs, or any other equity and/or preference share related...

Consequently, the company has also issued a notice to Citibank N.A for termination of the existing depository agreements of the GDRs, it added.

Tata Group's hospitality arm - Indian Hotels Co Ltd, which runs a chain of luxury hotels and resorts under the Taj brand, plans to delist its global depository receipts (GDRs) from London Stock Exchange, two decades after it started trading on the bourse.

The foreign shareholding through FIIs/Foreign Portfolios Investors (FPIs)/NRIs/PIOs/ADR/GDRs in ING Vysya Bank has reached the trigger limit.

The foreign shareholding through GDRs/ADRs/FDI/NRI/PIO/ FIIs/RFPIs in Hathway Cable & Datacom Ltd has reached the prescribed threshold limit, RBI said in a notification.

The company said in a filing to BSE that it plans to issue 15.7 million GDRs amounting to $45.21 million. It represents around 15.7 million equity shares at a price of $2.88 per GDR, equivalent to approximately Rs 181.61 per equity share, which is over 14 per cent higher from its closing price of Rs 158.85 on Friday.

In a suspected case of round tripping through a web of cryptic deals running across India, Hong Kong and Switzerland, the Securities and Exchange Board of India (Sebi) has ordered a detailed probe into the alleged diversion of funds raised by pharmaceuticals company Transgene Biotek through issuance of global depository receipts (GDRs).

German officials talked about staging a historic Olympics in East and West Berlin to celebrate the end of the Cold War. The rest of the world added the 102 medals which the GDR won at the 1988 Seoul Olympics to the 40 won by West Germany and announced the birth of a new sporting superpower to threaten Soviet and American supremacy.