Sebi for more disclosures from companies
Mumbai: The secondary market advisory committee of the Securities and Exchange Board of India mandated a detailed format for companies to report significant changes in their shareholding pattern, which would lead to more disclosures from companies.
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UTI to acquire IL&FS schemes
Mumbai: UTI has announced that it is going to acquire the schemes of IL&FS Mutual Fund, subject to regulatory approvals.
A memorandum of understanding (MoU) was signed between the two yesterday, according to a joint release.
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Gujarat Alkalies announces 3:5 rights
Mumbai: Gujarat Alkalies and Chemicals Ltd has announced a rights issue for its shareholders in the ratio of three equity shares for every five shares held at a price of Rs 12.50 per share, aggregating Rs 34.43 crore.
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NTPC public issue gets clearance
New Delhi: The Cabinet has cleared a proposal for National Thermal Power Corporation to float an initial public offering for up to 10 per cent of its equity.
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Sujana board clears GDR issue proposal
Hyderabad: Sujana Industries Ltd has informed the stock exchanges that its board of directors at the meeting held on January 27 has approved a resolution to issue equity shares by way of issue of global depository receipts for an aggregate amount not exceeding $20 million with permissible green shoe option.
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