Preferential Issue Of Shares

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.

Bharti Airtel will have an extraordinary general meeting on March 19 to seek the approval of board members for issuing equity shares on preferential basis through a special resolution

Sebi has decided to allow acquisition of shares through stock exchange settlement process by way of bulk or block deals during an open offer subject to certain conditions.

Escorts will issue 12,257,688 equity shares through a preferential issue to Kubota at a price of Rs. 850 per equity share.

As per the proposal, the debt-laden bank will issue preferential shares to Life Insurance Corporation (LIC) to raise capital.

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.

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.

Shares of Sagar Cements surged as much as 17.66 per cent to hit intraday high of Rs 729.50 after the company fixed price of the preferential issue of 6,11,986 equity shares at Rs 800/share.

Earlier this month, SBI had said it would take a fresh approval to raise up to Rs 15,000 crore through various means, including a public offer and overseas issuance of shares.

UCO Bank will raise over Rs 270.59 crore by issuing shares to state-owned life insurer LIC on preferential basis.

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

Den Networks' board approved an issue price of Rs 90 per equity share (including premium) for the preferential allotment, which is 15 per cent higher than Monday's closing price of Rs 78.20.

Auto components maker Motherson Sumi Systems on Monday said its board has approved raising up to Rs 563.06 crore by way of preferential allotment of up to 1.78 crore equity shares to Japan's Sumitomo Wiring Systems.

Indian firms raised over Rs 9,000 crore through issuance of shares to promoters and shareholders on a preferential basis during the first two months of the current fiscal year, to meet their business requirements.

Bank of India will issue shares on a preferential basis to the government for capital infusion of Rs 1,338 crore, the public lender said.

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.

Bharti Airtel will have an extraordinary general meeting on March 19 to seek the approval of board members for issuing equity shares on preferential basis through a special resolution

Sebi has decided to allow acquisition of shares through stock exchange settlement process by way of bulk or block deals during an open offer subject to certain conditions.

Escorts will issue 12,257,688 equity shares through a preferential issue to Kubota at a price of Rs. 850 per equity share.

As per the proposal, the debt-laden bank will issue preferential shares to Life Insurance Corporation (LIC) to raise capital.

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.

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.

Shares of Sagar Cements surged as much as 17.66 per cent to hit intraday high of Rs 729.50 after the company fixed price of the preferential issue of 6,11,986 equity shares at Rs 800/share.

Earlier this month, SBI had said it would take a fresh approval to raise up to Rs 15,000 crore through various means, including a public offer and overseas issuance of shares.

UCO Bank will raise over Rs 270.59 crore by issuing shares to state-owned life insurer LIC on preferential basis.

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

Den Networks' board approved an issue price of Rs 90 per equity share (including premium) for the preferential allotment, which is 15 per cent higher than Monday's closing price of Rs 78.20.

Auto components maker Motherson Sumi Systems on Monday said its board has approved raising up to Rs 563.06 crore by way of preferential allotment of up to 1.78 crore equity shares to Japan's Sumitomo Wiring Systems.

Indian firms raised over Rs 9,000 crore through issuance of shares to promoters and shareholders on a preferential basis during the first two months of the current fiscal year, to meet their business requirements.

Bank of India will issue shares on a preferential basis to the government for capital infusion of Rs 1,338 crore, the public lender said.