IREDA shares settled at Rs 158.35 on Thursday, rising 0.75 per cent for the day. The total market captialisation of the company stood more than Rs 42,500 crore for the day.
Madhabi Puri Buch, the first female chairperson of Sebi, doesn t plan to rest on her laurels in her third and final year in office and has set out an ambitious goal, such as moving towards a same-day and instantaneous settlement cycle for the secondary market.
Sony Group Corp has called for a board meeting on Friday, where its expected to take a call on the $10-billion merger of its India operations with Zee Entertainment Enterprises, said people with knowledge of the matter.
People close to Sony said the multinational has offered Punit Goenka the role of advisor at the new company, but said he should not be on the board, pending regulatory investigations. As of now, Goenka as boss of new merged co, failing financial health, unmet conditions are being seen as key hurdles to the deal going through.
TVS Supply Chain Solutions, part of the TVS Mobility Group, has secured approval from the Indian capital markets regulator, the Securities and Exchange Board (Sebi), to launch an initial public offering (IPO) to raise capital. The IPO consists of a fresh equity issue, aiming to raise up to INR7.5bn (USD 103m) and an offer for sale of more than two million equity shares by existing shareholders.