Preferential Allotment

Reliance New Energy Solar Ltd (RNESL), a subsidiary of Reliance Industries, will first acquire 15 per cent in Sterling & Wilson by way of a preferential allotment of 2.93 crore shares at Rs 375 per share

Gaming and sports media platform Nazara Technologies on Wednesday announced that its board has approved a preferential allotment of fresh equity to raise Rs 315.30 crore from marquee institutional investors.

HDFC Life's board will meet tomorrow, September 3, to consider issue of equity shares or other securities of the company by way of preferential allotment.

"We wish to inform that the Bank has received via letter on December 26 a sanction from Government of India for release of Rs 4,360 crore towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2019-20 as Government's investment," Indian Overseas ...

With the Sebi formula for preferential allotment seen as unrealistic and unworkable, Etihad has proposed a rights issue worth $500 million.

PNB said the capital infusion by the Centre would be through the preferential allotment of the bank's equity shares at a price determined as per Sebi regulations. The extraordinary general meeting (EGM) for obtaining shareholders' approval in this regard will be held on October 30, PNB said.

Northern TK Venture Pte Ltd, Singapore, a unit of IHH, will be issued 235.3 million new Fortis shares through a preferential allotment, giving it roughly 31 per cent of the company's total voting equity share capital.

Zee Learn is investing through a preferential allotment of equity shares for a stake of 44.53% in the expanded share capital of MT Educare

Last September, the bank had received Rs 608 crore from the central government through preferential allotment of equity shares.

The Finance Ministry granted approval to 12 proposals of PSBs to raise a sum of Rs 2,914.038 crore through preferential allotment and permission given to raise Rs 200 crore by United Bank of India through QIP mode.

The company said the special resolution for raising Rs 340 crore on a preferential basis by allotting 47.8 lakh shares to Caladium Investment was passed with majority at the board in its extraordinary general meeting.

The funds have been mobilised for business expansion, refinancing debt, working capital requirements and general corporate purposes.

In terms of numbers, 211 preferential allotments were madein the first six month of the 2016-17 compared to 188 during the same period in the previous fiscal.

SBI said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,681 crore.

With the preferential share allotment, LIC stake in the bank will increase by 5.5 per cent.

Reliance New Energy Solar Ltd (RNESL), a subsidiary of Reliance Industries, will first acquire 15 per cent in Sterling & Wilson by way of a preferential allotment of 2.93 crore shares at Rs 375 per share

Gaming and sports media platform Nazara Technologies on Wednesday announced that its board has approved a preferential allotment of fresh equity to raise Rs 315.30 crore from marquee institutional investors.

HDFC Life's board will meet tomorrow, September 3, to consider issue of equity shares or other securities of the company by way of preferential allotment.

"We wish to inform that the Bank has received via letter on December 26 a sanction from Government of India for release of Rs 4,360 crore towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2019-20 as Government's investment," Indian Overseas ...

With the Sebi formula for preferential allotment seen as unrealistic and unworkable, Etihad has proposed a rights issue worth $500 million.

PNB said the capital infusion by the Centre would be through the preferential allotment of the bank's equity shares at a price determined as per Sebi regulations. The extraordinary general meeting (EGM) for obtaining shareholders' approval in this regard will be held on October 30, PNB said.

Northern TK Venture Pte Ltd, Singapore, a unit of IHH, will be issued 235.3 million new Fortis shares through a preferential allotment, giving it roughly 31 per cent of the company's total voting equity share capital.

Zee Learn is investing through a preferential allotment of equity shares for a stake of 44.53% in the expanded share capital of MT Educare

Last September, the bank had received Rs 608 crore from the central government through preferential allotment of equity shares.

The Finance Ministry granted approval to 12 proposals of PSBs to raise a sum of Rs 2,914.038 crore through preferential allotment and permission given to raise Rs 200 crore by United Bank of India through QIP mode.

The company said the special resolution for raising Rs 340 crore on a preferential basis by allotting 47.8 lakh shares to Caladium Investment was passed with majority at the board in its extraordinary general meeting.

The funds have been mobilised for business expansion, refinancing debt, working capital requirements and general corporate purposes.

In terms of numbers, 211 preferential allotments were madein the first six month of the 2016-17 compared to 188 during the same period in the previous fiscal.

SBI said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,681 crore.

With the preferential share allotment, LIC stake in the bank will increase by 5.5 per cent.