Birla Tyres reports standalone net loss of Rs 76 08 crore in the December 2020 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
In terms of resolution planKesoram Industries announced that the fund raising committee of the board of the company in terms of the resolution plan, at its meeting held on 08 March 2021, has approved the allotment of the following securities of the company on preferential basis through private placement to the existing lenders in part conversion of their existing debt -
1) 2,22,21,262 fully paid-up Equity Shares having a
face value of Rs. 10 at a conversion price of Rs. 65 including a premium of Rs. 55 aggregating to Rs. 1,44,43,82,030 to the existing lenders.
2) 4,48,97,195 fully paid up Zero Coupon Optionally
Convertible Redeemable Preference Shares (OCRPS) having face value of Rs. 100 aggregating to Rs. 4,48,97,19,500 issued to the
Ahead of Market: 12 things that will decide stock action on Wednesday
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Synopsis We might see some consolidation in the index and it would be healthy. We thus advise using intermediate corrective moves to accumulate quality stocks on dips and avoid contrarian trades, said Ajit Mishra, VP - Research, Religare Broking.
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Analysts said the 15,060-15,050 range is crucial and any breach of this zone may extend profit booking going ahead.
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NEW DELHI: Nifty made a gap-up opening on Tuesday, but saw a volatile trade in the intraday session snapping its winning streak. The index closed slightly lower than its opening numbers and formed an indecisive candle similar to that of a Spinning top on the daily charts.
At meeting held on 31 December 2020The Board of Birla Tyres at its meeting held on 31 December 2020 has appointed Abhijit Ghosh and Anil Goenka as Additional Directors of the company. The Board has appointed Anant Gupta as the Chief Financial Officer. The Board also appointed Saurabh Mantri as the Company Secretary (CS) and Compliance Officer of the company.
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