Search result for 'minimum public shareholding'

UCO Bank plans to raise Rs 2,000 crore through a Qualified Institutional Placement (QIP) this quarter to comply with Sebi's minimum public shareholding norms. The bank aims to reduce the...

Punjab & Sind Bank plans to raise Rs 2,000 crore via Qualified Institutional Placement (QIP) this quarter, reducing government holding and boosting capital adequacy ratio. The bank aims to raise a...

Bank of Maharashtra (BoM) plans to raise capital to reduce government ownership below 75%, meeting Sebi's minimum public shareholding norms. The bank also reported a 36% rise in net profit for Q3FY25.

Adani Group has raised Rs 4,850 crore by selling a 13.5% stake in Adani Wilmar, part of its strategy to exit non-core businesses and focus on infrastructure. The transaction attracted significant...

Adani Wilmar, India's largest edible oil company, plans to leverage its core business to drive growth in FMCG portfolio after Adani Group's exit. The company is aiming to emulate ITC's strategy,...

Adani Wilmar shares tanked nearly 8% after Adani Group announced its exit from the FMCG joint venture by selling its entire stake to Wilmar International for over USD 2 billion.

Seven Adani group companies closed higher on Monday, with Adani Total Gas soaring over 11%. Adani Enterprises sold its entire stake in Adani Wilmar for over USD 2 billion.

Gautam Adani's group announced its exit from FMCG joint venture Adani Wilmar, selling its entire stake for an estimated USD 2 billion.

Patanjali Ayurved's revenue rose 23% to Rs 9,335.3 crore in FY24, driven by other income including OFS of Patanjali Foods and income from group entities.

Adani Wilmar posted a strong Q2 profit of Rs 311 crore, driven by higher income. The company is exploring acquisitions in cooking oils, speciality chemicals, and FMCG for growth.

UCO Bank plans to raise Rs 2,000 crore through a qualified institutional placement (QIP) in the December quarter to meet minimum public shareholding norms. The government's stake in the bank will...

The Indian government has extended the deadline for meeting minimum public shareholding (MPS) norms for CPSEs and public sector financial institutions till August 2026.

Adani Wilmar plans to invest Rs 600 crore to expand its edible oil business and solar power capacities. The company also plans to launch new food products for consumers and institutional buyers.

Public sector banks are expected to get another 2-year extension to comply with SEBI's minimum public shareholding (MPS) norms. Find out which banks are affected and the government's plans for the...

Sebi has eased trading rules for company insiders, reducing the cool-off period and allowing for price limits. The changes aim to simplify trading for officials who have access to unpublished...

UCO Bank aims to bring down government's stake to 75% by FY25 to comply with SEBI norms. The bank will issue 400 crore equity shares in tranches.

Sebi proposes easing disclosure requirements for certain Foreign Portfolio Investors (FPIs) to promote ease of doing business, including university funds and companies with no promoter group.

Mankind Pharma promoters offloaded a 1.62% stake in the company for Rs 1,367 crore through open market transactions, bringing their total shareholding down to 74.88%.

Sebi's new disclosure norms for FPIs are set to come into effect on Feb 1. Sources say the impact on a large number of FPIs will be limited due to exemptions for SWFs, listed companies, and other...

Indian companies raised a record Rs 50,218 crore through Qualified Institutional Placements (QIPs) in 2023, a six-fold increase from the previous year. Learn more about the QIP boom and top...

LIC shares closed nearly 4% higher on Friday after receiving a 10-year exemption for minimum public shareholding norms. The stock reached its 52-week high during intra-day trading.

LIC stock soared over 7% to its 52-week high after receiving a one-time exemption to achieve 25% Minimum Public Shareholding (MPS) within 10 years.

Indian government grants LIC a one-time exemption to reach 25% Minimum Public Shareholding (MPS) within 10 years, extending the deadline to May 2032.

Sebi proposes changes to 'trading plan' rules for insiders, reducing cool-off periods and coverage requirements. Public comments invited till December 15.