Photo: Dalal Street Investment Journal
Godrej Announces 50,319 Equity Shares To Employees
In a boost for employees, the Godrej Board approved the allotment of 50,319 equity shares to employees under the Employee Stock Grant Scheme, 2011. The announcement was made official in an exchange filing, issued on July 4. The face value of the equity shares will be Rs 1 each. With this allotment, the paid-up equity share capital of the company stands increased to Rs 33,66,88,576.
Tags: Indian Stock Market, Godrej Board, business, Equity shares
Courtesy: The Free Press Journal
Photo: IndianAuto
Mahindra To Sell Its Entire 2.76% Stake In TVS Automobile Solutions Private Limited
Mahindra & Mahindra (M&M) will dispose its entire 2.76 % equity in TVS Automobile Solutions Private Limited (TASL). M&M said the amount for the sale/disposal would be Rs 45 crore. M&M presently owns 3,32,195 equity shares of Rs 10 each and 100 compulsorily convertible preference stocks of Rs 10 each in TASL. Transaction is anticipated to conclude on June 22. M&M's stake in TASL will be nil following the transaction.
Tags: Mahindra & Mahindra, TVS, TASL, Stock, Equity shares
Courtesy: Business Standard
Photo: Money Control
LIC IPO Subscribed 2.9 Times, Receives Bids For Over 47 Crore Equity Shares
After the last day bidding, Life Insurance Corporation's Initial Public Offering (IPO) has been subscribed 2.9 times, on May 9. Reportedly, bids have been received for over 47 crore equity shares, against the 16.2 crore equity shares offered for sale. Notably, policyholders bought shares for a discount of Rs 60 per equity share, while the discount was Rs 45 per equity share for retail investors and employees.
Tags: LIC, IPO, Equity shares, Company Law, Shareholder
Courtesy: ANI
Photo: Tech Gig
Tech Mahindra Approves Proposal To Acquire 100% Stakes Of Allyis India
Tech Mahindra is set to acquire 100% stakes of Allyis India, and 'Green Investments' with over $125 million. The huge investment will boost Tech Mahindra's capabilities in digital experience solutions, enhancing learning, marketing, development, special devices and instructional designing. The Tech Mahindra issued a statement in a BSE filing and confirmed the proposal of acquisition of the 100% equity shares.
Tags: Tech Mahindra, Equity shares, important green investment, Allyis India, Companies
Courtesy: The Free Press Journal
