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The first meeting of the committee of creditors (CoC) of Srei Equipment Finance Ltd (SEFL) is scheduled to be held on 2nd November at Marriott in Kolkata under regulation 19 of the Insolvency and Bankruptcy Rules (IBC) 2019. ....
MMTC: The state owned distribution company s board has approved the debt restructuring scheme of the state-owned company which envisages settlement of dues out of the disinvestment proceeds of the Neelachal Ispat Nigam Limited (NINL). Bata India: The shoemaker reported 23.3 per cent fall in consolidated net profit at Rs 29.47 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 38.40 crore in the year-ago period. Tech Mahindra: The IT major is looking for acquisitions in Europe to upgrade its capabilities in various segments, including cloud computing, 5G, SAP and Salesforce softwares, a senior company official said on Wednesday. ....
The country s largest mortgage lender HDFC Ltd has sold further shares of Reliance Infrastructure worth over Rs 43 crore, which were held by it through the invocation of pledged shares. The corporation has further sold 81,05,677 shares representing 3.08 per cent of the share capital of Reliance Infrastructure, HDFC said in a regulatory filing on Tuesday. The sale was carried out through stock exchanges at the prevailing market price. The aggregate consideration received for the sale of 81,05,677 shares is Rs 43,91,47,050, Housing Development Finance Corporation (HDFC) said. The mortgage lender sold the shares of Reliance Infra between May 18- 24, 2021 (including these dates) through stock exchanges in the secondary market. ....