Shareholders
Jaiprakash Associates has sought shareholders’ approval to give up to Rs 40,000 crore in guarantees against debt to joint ventures or associate firms. The new limit will be higher by Rs 5,000 crore. It is proposed to take a general approval of shareholders of the company to give any loan/guarantee or to provide security in [...] Continue Reading »
India’s largest realty firm DLF has sought shareholders’ approval to raise up to Rs 5,000 crore through private placement of non-convertible debentures. DLF informed during a filing to the BSE (Bombay Stock Exchange) that the shareholders’ nod has been sought through a postal ballot. This approval is sought for reducing the borrowing power of the [...] Continue Reading »
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] Continue Reading »
The 60-acre property in Thane district is now available for sale by GlaxoSmithKline Pharmaceuticals. The value of the land has been pegged by Realty experts in the range of R1, 600 to R1, 800 crore. GlaxoSmithKline Pharmaceuticals chairman DS Parekh said while addressing shareholders during the company’s annual general meeting that they are doing remediation [...] Continue Reading »
Both public and private, twenty five lenders, have secured an option to gain control over the sick infrastructure firm Lanco Infra, following one of the largest corporate debt restructuring (CDR) ,by conversion of 3,024 crore of loans into equity which involves 11,155 crore. In a communication, seeking the approval of shareholders for the issue of shares [...] Continue Reading »
