Zee Entertainment: The company’s largest shareholder Invesco has again insisted on convening an Extraordinary General Meeting (EGM) with the demand for a new board. Invesco also wants to remove the company’s managing director and CEO, Puneet Goenka. These demands of Invesco are contrary to the terms of the non-binding agreement between Zee and Sony for the merger. Under this, Goenka will remain in his position.
PVR, INOX Leisure: Theaters and auditoriums in Maharashtra are opening from 22 October. With this, the business of both these multiplex companies can increase.
Cyril Amarchand Mangaldas to be Legal Advisor for LIC IPO
Indiabulls Real Estate: The company’s promoter Jayeshtha Infrastructure has sold 1.09 crore equity shares in the company through open market transactions. After this its shareholding has come down from 9.44 per cent to 7.04 per cent.
Shriram City Union Finance: Acacia II Partners and others have sold approximately 3 lakh shares in the company through open market transactions. Due to this their shareholding has come down from 3.46 percent to 3.01 percent.
Biocon: The US Food and Drug Administration has given 6 observations about the company’s plant in Malaysia and issued Form 483.
Apollo Tires Onkar Kanwal, the promoter of the company, has sold over 5.3 lakh shares in open market transactions. With this his shareholding has come down from 37.44 per cent to 37.35 per cent.
NBCC: The central government will sell 31,98,646 equity shares in the company to the company’s employees through offer for sale. The share price for this would be Rs 116.
Dalmia Cement: The company has started production at its plant in Cuttack, Odisha.
Sansera Engineering: Nomura Funds Ireland Limited has bought 6 lakh shares in the company at a price of Rs 820.1 per share. Apart from this, some other investors have also taken shares of the company.
Indiabulls Housing Finance: BlackRock has sold 6,43,970 shares in the company through open market transactions. This has brought down BlackRock’s stake from 3.7 per cent to 3.56 per cent.
Brigade Enterprises: ICICI Prudential sold over 2 lakh shares in the company through open market transactions last week. After this its shareholding has come down from 3.07 per cent to 2.98 per cent.
Nahar Spinning Mills: Rating agency CRISIL has upgraded the rating outlook on the company’s long-term and short-term bank loans.
Welspun Corp. The company has redeemed its commercial papers by paying Rs 50 crore.
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