Narayanan responded that the commission payouts have been unchanged in the past four years. Promoters Kalanithi Maran and his wife Kavery are the highest-paid executives in India. The couple took Rs 175 crore in FY20 and a similar amount in FY21.
NBCC (India): The state-owned construction company, which is in the race to acquire Jaypee Infratech Ltd (JIL), assured stuck homebuyers that its bid is concrete, fully backed by the government and the PSU will complete over 20,000 pending flats on time as per the schedule.
Reliance Power: The board of ADAG s utility company approved a preferential issue of 59.5 crore equity shares and 73 crore warrants worth Rs 1,325 crore to its promoter firm
Reliance Infrastructure. It aggregates up to Rs 1,325 crore.
Ruchi Soya: The edible oil firm, which is owned by Baba Ramdev-led Patanjali Ayurveda, has filed a draft document with SEBI to launch a follow-on public offer (FPO) for raising up to Rs 4,300 crore. The FPO is being launched to meet the SEBI norm of minimum public shareholding of 25 per cent in a listed entity.
Enam’s Jiten Doshi raises corporate governance concerns at Sun TV
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The company’s board only paid an interim dividend of Rs 5 per share, announced post March quarter earnings for the financial year ended March, 2021.
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In absolute terms, the interim dividend paid by the company in 2020-21 tanked 80 per cent to Rs 197 crore from Rs 985 crore paid out in 2019-20, the company’s consolidated cash flow statement showed.
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MUMBAI:
Sun TV Network’s minority shareholder Enam Asset Management Company, represented by co-founder and Chief Investment Officer Jiten Doshi, on Friday raised concerns over corporate governance at the company following a sharp cut in dividend for 2020-21.
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