Hindustan Zinc Ltd is planning to propose a demerger to its board within the next four to six weeks. The company s board had previously directed it to explore a corporate restructuring to create three separate entities for its lead and zinc, silver, and recycling businesses. The formation of these companies and the distribution of cash and debt will be based on recommendations from consultants. Hindustan Zinc hopes that the demerger will boost its valuations and unlock shareholder value.
Volkswagen settlement funds used for truck upgrade in Trumbull County wfmj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wfmj.com Daily Mail and Mail on Sunday newspapers.
Bandhan Bank s advances grew 12% year-on-year to Rs 1.08 lakh crore while its loan collection efficiency remained stable at 98% at the end of the September quarter.
Foreign institutional investors (FII) sold shares worth Rs 1,685.70 crore, while domestic institutional investors (DII) bought Rs 2,751.49 crore worth of stocks on September 29, provisional data from the National Stock Exchange (NSE) showed.