The state-owned power producer said that it is considering equity buyback on November 2. In October, the company filed with the SEBI, seeking relaxation on the strict buyback norms has received approval from the market watchdog. Buyback of equity shares is the opposite of going public – a company buys back its shares from existing …
MCX has launched natural gas mini futures contracts. These will be available for trading from March 14, 2023. Initially, contracts expiring in April and May will be available for trading. Going forward, contracts for the subsequent months with 3 months expiry will become available on the exchange. The minis will be available for 250 MMBtu …
India’s biggest public sector bank, State Bank of India (SBI), saw its stock hit an unprecedented peak, scaling 4.67 per cent compared to the prior close on the BSE, on the back of its first quarter earnings. The SBI share price touched Rs 467.3 on August 4, and gained over 66 per cent since January …
1. Can you evaluate the market movement since the beginning of this month? After crossing the level of 11,100 in late January 2018, the Nifty has corrected close to 1000 points from the peak. Although the Nifty did bounce after touching a low of 10,150 on March 03rd, the subsequent bounce has been met with …
Several Public Sector Banks rank quite high when it comes to holding toxic assets on their books. Additional pressure piling on to a swathe of commercial, industrial and retail loans because of the first and the second lockdown has dampened the lending sentiment and increased the quantum of non-performing assets in the ecosystem. The balance …
The Securities Appellate Tribunal (SAT) set aside SEBI’s directions pertaining to the voting rights of PNB Housing’s stakeholders this Monday. This regulatory body allowed PNB Housing Finance to move ahead with its extraordinary shareholder’s meeting, which is scheduled for Tuesday. The topic of discussion for this said meeting is regarding the proposal of Rs. 4,000 …
PNB Housing Finance share Price rose over 3% in early trading on Monday, despite benchmark indexes falling under the weight of rising crude oil prices, as investors hailed new initiatives to acquire cash. After a failed effort to raise Rs 4,000 crore by selling a share to Carlyle Group last year, the mortgage lender’s board …
PNB Housing, promoted by PNB Bank, decided to raise equity funds through placing of preferential rights issues. Rights scrips are issued to existing shareholders, allowing them a privilege to increase their ownership percentage at a discounted rate. The company board met on August 19 and gave a green signal to the proposal of raising Rs …
SEBI appealed against SAT’s (Securities Appellate Tribunal) split verdict on the Punjab National Bank Housing – Carlyle case. Further, as per its BSE filing on 2 September, PNB Housing is currently inspecting SEBI’s appeal. The company also added that the market regulator had filed an appeal with the apex court against SAT’s order. Here’s a …
The second-largest public sector lender, Punjab National Bank (PNB) has issued bonds to raise tier-2 capital from the market. It has plans to raise Rs 14000 crores from the market, of which they have issued Rs 1500 crores worth of bonds in the initial phase. By November the bank will issue another tranche of Rs …
