[ NEW DELHI: HDFC Bank has announced plans to raise Rs 60,000 crore through various debt instruments. The decision was approved during the Board of Directors meeting on Saturday, where key approvals were granted for the annual renewal of the issuance.The Bank’s board approved the “annual renewal of issuance of Long-Term Bonds (Financing of Infrastructure … Read more
[ NEW DELHI: Enterprise messaging firm Route Mobile’s public shareholders have tendered shares worth about Rs 2,500 crore at current price for the company’s ongoing open offer, according to a regulatory filing. The open offer has been triggered with Belgium-based Proximus Group, through its subsidiary, initially acquiring a 57.56 per cent stake in enterprise messaging … Read more
[ MUMBAI: Troubled edtech startup Byju’s offered its disgruntled investors another chance to participate in the company’s $200 million rights issue to protect their shareholding. In a letter to shareholders on Friday, founder and group CEO Byju Raveendran claimed that the firm has already secured over 50% shareholder votes to increase authorised share capital for … Read more
[ NEW DELHI: Amid Quantum Mutual Fund voting against the proposed delisting of ICICI Securities, the largest public shareholder Norges Fund Investment Bank has voted in favour of the proposal of the stock broking arm of ICICI Bank. The foreign fund, which holds nearly 3.25 per cent stake in ICICI Securities, voted in favour on … Read more
[ TKO Group Holdings exec Mark Shapiro said the company is “on the sideline” waiting to see if former Executive Chairman Vince McMahon will sell any more of his massive stock holding in the company. Shapiro, who is president and COO of TKO and holds the same title at its majority owner, Endeavor Group Holdings, … Read more
[ Berkshire Hathaway profits: Warren Buffett‘s Berkshire Hathaway inched toward a $1 trillion market value on Monday, marking a significant achievement following its second consecutive record annual profit.According to a Reuters report, Buffett reassured shareholders that Berkshire Hathaway is a company “built to last.” This declaration comes as the conglomerate emerges as the largest financial … Read more
[ NEW DELHI: In an annual letter addressed to his shareholders, Warren Buffett acknowledged the contributions of his late business partner Charlie Munger in building the business, calling him the “architect” of Berkshire Hathaway.Warning his shareholders against Wall Street experts, Buffet said not to pay heed to those financial advisers who suggest them to trade … Read more
[ MUMBAI: A day after a majority of Byju’s investors voted to remove founder Byju Raveendran as CEO and restructure the board that includes his wife Divya Gokulnath and brother Riju Ravindran, the founder wrote a letter to employees stating that the extraordinary general meeting (EGM) was a “farce” and only 35 of 170 shareholders, … Read more
