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Titan Trust Bank acquires 89.39% of Union Bank of Nigeria

Shareholders of Union Bank of Nigeria have reached an agreement to divest 89.39 per cent of their stake to Titan Trust Bank Limited (TTB). In a statement ....

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Stocks to watch: Tata Steel, Adani Green, Vedanta, Infosys, United Spirits

Here are the top stocks that might move your market today:
Tata Steel: In its outlook for 2021, MD & CEO TV Narendran said the company is optimistic about demand for steel in India. The company expects steel demand to grow proportional or higher to the GDP growth in FY22. It also expects global steel prices to remain firm as China is not expected to export large volumes.
Adani Green: Adani Solar Energy Kutchh Two Private Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL) has commissioned a 100 MW solar power project at Khirsara, Gujarat, ahead of the schedule. The project has a power purchase agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL) at Rs 2.44/kWh (unit) for 25 years. ....

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Stocks in news: YES Bank, Vedanta, Indian Overseas Bank, Union Bank, Adani Green, RITES, Fortis Healthcare

Stocks in news: YES Bank, Vedanta, Indian Overseas Bank, Union Bank, Adani Green, RITES, Fortis Healthcare
Stocks to watch today on December 31: YES Bank, Vedanta, Indian Overseas Bank, Union Bank, Adani Green, RITES, Fortis Healthcare among others are the top stocks to watch out for in Thursday s trading session
BusinessToday.In | December 31, 2020 | Updated 09:27 IST
Stocks to watch today on December 31
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Thursday s trading session based on latest developments.
Shriram Transport Finance: The company approved and allotted senior secured rated, listed redeemable NCD of the face value of Rs 10 lakh each on private placement basis. ....

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Stocks to Watch: Adani Green, Vedanta, Infosys, Coromandel International, RITES

Stocks to Watch: Adani Green, Vedanta, Infosys, Coromandel International, RITES
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Promoters of Vedanta Ltd cannot sell or create any security on shares they hold in the group as part of the terms attached to the recent $1.4 billion fund raising conditions which technically fall within the definition of encumbrance but no pledge on shares has been created.
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Here’s a list of top ten stocks that may be in news on Thursday:
Adani Green Energy: The company has commissioned a 100 megawatt (MW) solar power project at Khirsara in Gujarat. Adani Solar Energy Kutchh Two Private Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 100 MW solar power project at Khirsara, Gujarat, ahead of its scheduled commercial operation date (COD) as per its 25-year power purchase agreement (PPA ) with the Gujarat Urja Vikas Nigam India (GUVNL), AGEL said in a statement. ....

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Union Bank gets shareholder approval to raise up to Rs 6,800 crore

Shareholders of Union Bank of India on Wednesday approved the bank s proposal for raising up to Rs 6,800 crore equity capital to fund business growth.
During the Extraordinary General Meeting (EGM), the shareholders passed the special resolution with the requisite majority for raising capital through FPO (Follow-on Public Offering) /Rights or QIP (Qualified Institutional Placement) or preferential allotment, the bank said in a regulatory filing.
It would raise the fund during the current fiscal.
In order to meet the minimum capital and leverage ratio requirements under the Basel III guidelines for the expansion of business assets and based on the estimated growth, your directors have decided to raise equity share capital up to Rs 6,800 crore, the bank had said in its EGM notice to shareholders. ....

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