The Delhi High Court on Monday stayed its single-judge direction to Future Retail Ltd (FRL) and various statutory authorities to maintain the status quo with regard to the Rs 24,713-crore deal with Reliance Retail in a setback for Jeff Bezos-led e-commerce giant Amazon, which has challenged the transaction. A division Bench of Chief Justice D N Patel and Justice Jyoti Singh was hearing the appeal filed by FRL against the court s order passed last week. The court had said it was satisfied that an immediate interim order was required to be passed to protect the rights of Amazon. On Monday, the division Bench noted that FRL was not a party to an arbitration agreement with Amazon and prima facie the “group of companies” doctrine could not be invoked in the present case as the three agreements Future Retail Shareholding Agreement (SHA), Future Coupons Pvt Ltd (FCPL) SHA, and FCPL Share Subscription Agreement were distinct in nature, according to law platform Bar & Bench.
Indian Railway Finance Corporation Limited IPO to open on Monday, January 18, 2021
Posted On: 2021-01-13 08:58:43 (Time Zone: Arizona, USA)
Indian Railway Finance Corporation Limited (the Company ), the dedicated market borrowing arm of the Indian Railways, will open the Bid/ Issue Period in relation to its initial public offering of equity shares of face value of Rs. 10 each ( Equity Shares and such initial public offering, the Issue ) on Monday, January 18, 2021. The Bid/ Issue Period will close on Wednesday, January 20, 2021. The price band of the Issue has been fixed at Rs 25 to Rs 26 per Equity Share.
Initial Public Offering of up to 1,782,069,000 Equity Shares of face value of Rs. 10 each. The initial public offering comprises of a fresh issue of up to 1,188,046,000 Equity Shares ( Fresh Issue ) and an offer for sale of up to 594,023,000 Equity Shares by the President of India, acting through the Ministry of Railways ( Selling Shareholder ) ( Offer For Sale ). The
Dr Bina Modi vs Lalit Kumar Modi & Ors on 24 December, 2020 indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.
Floor Price for Dishman Carbogen Amcis Ltd s OFS is fixed as Rs. 145.70
Posted On: 2020-12-17 06:36:29 (Time Zone: Arizona, USA)
Adimans Technologies LLP (the Seller ) proposes to sell up to 68,98,457 Equity Shares of Dishman Carbogen Amcis Ltd having a face value of Rs. 2 each, in aggregate representing 4.40% of the total issued and paid-up Equity Share capital of the Company ( Base Offer Size ) on December 18, 2020 ( T Day ) (for non-retail investors only) and on December 21, 2020 ( T+1 Day ) (for retail investors and for non-retail investors who choose to carry forward their un-allotted bids), with an option to additionally sell up to 68,98,457 Equity Shares of the Company having a face value of Rs. 2 each (representing 4.40% of the total issued and paid-up Equity Share capital of the Company) (the Oversubscription Option and in the event the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will
Mrs. Bectors Food Specialties Limited IPO Opens on December 15, 2020
Posted On: 2020-12-10 02:22:37 (Time Zone: Arizona, USA)
Mrs. Bectors Food Specialties Limited is proposing an initial public offering of its equity shares aggregating up to ₹ 5,405.40 million (the Offer ) comprising a fresh issue of such equity shares as aggregating up to ₹ 405.40 million (the Fresh Issue ) and an offer for sale of aggregating up to ₹ 5,000.00 million ( Offer for Sale ), which includes an offer for sale aggregating up to ₹ 2,450.00 million by Linus Private Limited, up to ₹ 385.00 million by Mabel Private Limited, up to ₹ 1,860.00 million by GW Crown PTE. Ltd and up to ₹ 305.00 million by GW Confectionary PTE. Ltd. (Linus Private Limited, GW Confectionary PTE. Ltd., GW Crown PTE. Ltd and Mabel Private Limited collectively referred to as the Selling Shareholders )