Vodafone idea | The board of directors of telecommunications operators have agreed to an increase in funds of 4,500 crore rs in a preferential, through the promoter. It has decided to spend more than 338.3 crore equity shares at a price of more than Rs 13.30 per share to Euro Pacific Securities, Main Metals, and Oriana Investments Pte Ltd the company has also received board approval to increase additional funds from RS 10,000 Crore via. Personal placement or placement of quality institutions.
Wockhardt | Rights Issue RS 748 Crore will open to subscribe by shareholders on March 15 and the closing date of the problem will be March 22. The company will issue three equity stocks for every 10 equity shares held by shareholders on March 9.
Food Lt | Consumer food companies said his subsidiary LT Foods Americans Inc. acquired 51 percent of shares at the Golden Star Trading Inc. along with the gold brand. It also has a call option to buy 49 percent of the remaining shares at the end of three years.
Vedanta | France-based Financial Services Company Generale Societe sells 2,24,50,200 equity shares in a billionaire company owned by Agarwal through open market transactions. This stock is sold at an average price of RS 391.74 respectively.
Indian Eveready Industry | After an open offer by Burman Group, Aditya Khait and Amritanshu Khait have resigned as a non-executive director and chairman, and as the company’s implementing director. The resignation will enable the company to benefit from new leadership and direction.
Kraft Stove | Sequoia belongs to the capital investment capital of SCI II sold 24.69,853 equity shares in kitchen equipment manufacturers through open market transactions at an average price of Rs 645.35 per share. However, Bengal financing and investment acquired 9.30,232 Equity Stocks, Nippon India Mutual Fund Buying 3,10,078 Equity Stocks and Indian PGIM Funds Buying 6,97,674 shares at an average price of Rs 645 per share.
Gabriel India | The HDFC asset management company through this scheme acquired 2.13 percent of additional shares through open market transactions on March 2 with this, the ownership of its shares in the company reached 9.17 percent now, against 7.04 percent earlier.
Mahindra & Mahindra Financial Services | The company has distributed around RS 2,733 Crore loans in February 2022, registering 44 percent yoy growth. The total year-to-date distribution is Rs 23,632 Crore, 42 percent growth compared to the same period last year. Collection efficiency remained stable at 98 percent for February Yoy. Asset quality has seen an increase due to a positive trend in the collection. The company is sure to fulfill its commitment to bring a net stage 3 below 4 percent at the end of the year.
