Bharat Electronics, Bharti Airtel, HDFC Bank, Kotak Mahindra Bank, Titan and Eternal were also among the laggards from the Sensex pack. However, Bajaj Finance, Tata Steel, ICICI Bank, HCL Tech and Infosys were among the gainers.
Indiabulls Financial Services has fixed the price of a $45 million Global Depository issue which is expected to be listed on the Luxembourg Stock Exchange.
GDR Media Ltd decided to allot 10,00,000 equity shares of GDR Multimedia Ltd, of Rs 5 each to P Mahesh Reddy and his associates for cash and 60,00,000 shares to Almond Softfin Pvt Ltd holders.
GDR Media Ltd plans to sell stake in its arm GDR Multimedia Ltd.
Three Army personnel died and several others were injured when their truck skidded off the road and fell into a deep gorge in Arunachal Pradesh's Upper Subansiri district, police said on Wednesday.
Indiabulls Financial Services Ltd on Thursday said it has priced its global depository receipt issue at $5.42 per GDR or Rs 235 per share of Rs 2 each, taking value offering to $130.8 million.
GDR Media Ltd decided not to sell its stake in arm GDR Multimedia Ltd.
The government, which had tightened the norms for overseas listing on August 31, on Wednesday provided some relief to Indian companies that filed for GDR and FCCB issues by last month.
India's largest paper company Ballarpur Industries Ltd on Thursday announced a global depository receipts public issue to raise $30 million in the international market.
The divestment ministry has turned down Gail India Ltd's proposal to go for a Global Depository Receipt issue as part of the government's plans for divestment of 10 per cent equity
GDR Software Ltd will sell its stake in subsidiary Meditech Software Ltd.
Tata Steel, Suzlon mop up $700 million; Tata Power to raise $250 million. Tata Power also joined the queue on Tuesday and launched its $250-million GDR issue, with an option to retain a higher amount.
GDR Software Ltd has informed BSE that the Board of Directors in its meeting held today (February 15, 2003) has decided to dispose off all the 4,99,300 equity shares (un listed) of Rs 10 each held in M/s Meditech Software Ltd.
The carrier had planned a GDR issue in December last year to reduce its debt but had failed to do so as its stock prices began slumping.
Subex Azure, the Rs 250 crore software developer and vendor of revenue maximisation solutions
The move, which requires approvals from the finance ministry and the Reserve Bank, will ensure that managements do not gain undue control over companies.
Lord Jo Johnson, younger brother of former British prime minister Boris Johnson, has resigned his non-executive directorship of a UK-based investment firm linked with the now-withdrawn Adani Enterprises Follow-on Public Offer (FPO). 'The Financial Times' newspaper referenced UK Companies House records to reveal that 51-year-old Lord Johnson had been appointed as a director of London-based Elara Capital Plc in June last year and resigned on Wednesday, the day when the Adani Group announced withdrawal of the FPO. Elara, which described itself as a capital markets business raising funds for Indian corporates, was among the bookrunners on the FPO.
State-owned gas transportation company, Gas Authority of India Ltd has proposed a global depository receipt issue of 2.5 per cent of its equity shares.
Debt-ridden telecom operator Vodafone Idea on Thursday said its board has approved raising of up to Rs 14,500 crore, including Rs 4,500 crore from promoter entities. An amount of Rs 10,000 crore would be raised by way of sale of equity or through debt instruments such as ADR, GDR and FCCBs. In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs 10 each at an issue price of Rs 13.30 per equity share for an aggregate consideration of up to Rs 4,500 crore.
The government would take a number of steps to energise and deepen the country's corporate bond as well as currency derivatives market.
With the hardening of global interest rates, India Inc appears to be less attracted to foreign currency convertible bonds and is instead looking to public issues in global and domestic markets to raise funds.
With Sebi telling the Supreme Court that it was not investigating the Adani group since 2016, the Congress on Monday cited a Union minister's reply in the Lok Sabha to challenge the claim and asked whether Parliament was misled or the market regulator was "fast asleep" as investors were "duped".
In a circular issued recently, the RBI has directed all banks that have issued GDRs or ADRs to take prior consent of the RBI before amending any agreement
Reliance Communications has sought government approval for sponsoring a secondary Global Depository Receipts offering of up to $1.2 billion, representing 6.53 per cent of the total paid-up equity shares of the company.
Markets regulator Sebi and the Directorate of Revenue Intelligence (DRI) are probing some Adani Group companies for alleged non-compliance with rules, the government told Lok Sabha on Monday. Minister of State for Finance Pankaj Chaudhary in a written reply to a question said accounts of three of the six Mauritius-based funds, that have invested most of their money in Adani Group firms, were frozen in 2016 over the issuance of Global Depository Receipt (GDR) by certain listed firms. No freeze was ordered for their holding in other firms.
On Thursday, December 2, Germany bid an official farewell to its first lady chancellor who has led the country with intelligence and grace through turbulent times.
The Hinduja group controlled, IndusInd Bank, plans to raise around Rs 140 crore (Rs 1.4 billion) through global depository receipts by March-end.
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
The Reserve Bank of India said on Sunday it would allow investors who sell their local shares to companies for conversion into ADRs and GDRs to keep the money from the sale in a foreign currency account.
Private carrier Kingfisher Airlines plans to raise up to $175 million (about Rs 840 crore) before March next year through rights issue and global depository receipts (GDR).
Anil Ambani Group company, Reliance Communication Ventures Ltd said on Monday it will raise upto $1 billion through its Sponsored Global Depository Receipts and American Depository Receipts programme.
The clarification by the National Securities Depository (NSDL) - which is tasked with monitoring foreign portfolio investor (FPI) investment in domestic stocks - that the accounts of top investors in Adani group stocks remain 'active' has helped prevent a $500-million selloff of shares. Analysts said a freeze of the FPI accounts, as reported by some media outlets, could have prompted global index providers to cut weighting of four Adani group companies from their global indices. Brian Freitas, an analyst at independent research provider Smartkarma, said if the FPI accounts were indeed frozen, FTSE and MSCI would have reduced weighting of Adani group companies at the next rebalance, since it would have meant that the large part of the free float was not tradeable.
Last year, Ranbaxy had paid around $4,20,000 to the US state of Idaho as part of a $500-million settlement that the drug firm had signed with US authorities.
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