Preferential Allotment

IDFC First Bank on Saturday said its board has approved allotment of 37.75 crore shares to a subsidiary of IDFC on preferential basis for Rs 2,196 crore. Equity shares of face value of Rs 10 each fully paid-up, on a preferential basis will be issued IDFC Financial Holding Company Limited at a price of Rs 58.18 per unit, including premium of Rs 48.18 per share, IDFC First Bank said in a regulatory filing. The proposal is subject to acceptance of the offer by the board of IDFC and approval of the shareholders of the bank, it said.

Capital markets regulator Sebi on Wednesday came out with guidelines pertaining to preferential issues and institutional placement of units by emerging investment vehicles -- REIT and InvIT. The regulator has specified the manner of issuance of units under preferential issue as well as institutional placement by listed real estate investment trust (REIT) and infrastructure investment trust (InvIT), according to two separate circulars. With regard to the issuance of units under institutional placement, Sebi said that no allotment will be made, either directly or indirectly, to any institutional investor, who is a sponsor or manager or is a person related to, or related party or associate of the sponsor or the manager. However, the allotment of units can be made to the sponsor for unsubscribed portion in the institutional placement where at least 90 per cent of the issue size has been subscribed, the object of the issue is the acquisition of assets from that sponsor and unit-holders .

Candidates can check the result on the official website wbjeeb.nic.in

Sebi's decisions will improve investor confidence

Protracted litigation, uncertainty reasons for move: Firm

In the past six months, the stock price of Brightcom Group has zoomed 1006 per cent, as compared to a 20.5 per cent rise in the S&P BSE Sensex

In a statement on Wednesday, Nazara said the fresh funds will be utilised for the growth initiatives of the company

Inox Wind on Wednesday said its board has approved the issuance of preference shares worth Rs 1,100 crore to its promoters

The decision was taken in deference to the views and intent expressed by a cross section of shareholders

Panatone Finvest Limited, a subsidiary of Tata Sons, will buy a 43.3 per cent stake in the telecom related services firm for Rs 1,850 crore

LIC Housing Finance has approached Securities Appellate Tribunal with regard to company's proposal of allotting over 4.5 crore preferential shares to its parent company LIC

Under the issue, LIC Housing Finance will allot 4,54,00,000 shares to Life Insurance Corporation of India (LIC)

Reliance Infrastructure Ltd on Wednesday said its shareholders have approved raising funds up to Rs 550.56 crore through issuance of shares on a preferential basis

Sebi has directed the company to undertake valuation of shares by an independent registered valuer as per the provisions of applicable laws

Religare Enterprises (REL) on Tuesday said it proposes to raise Rs 570 crore via preferential issuance of shares to a clutch of investors, including existing shareholders, to fund its business plans.

Morepen Laboratories said its board has approved raising over Rs 433 crore through issue of shares to Switzerland's private venture capital firm Corinth Investment Holdings and Liquid Holdings

Bank of India said it has convened an extra-ordinary general meeting of shareholders this month for seeking approval to the allotment of preferential shares to the government for Rs 3,000 crore

Rossari proposes to utilise the net proceeds to evaluate and invest in inorganic growth opportunities, within its core chemistries, with a view to diversify its product portfolio

The shareholders have approved the company's plan to raise up to Rs 3,456 crore by issuing preference equity shares to Adar Poonawalla-led firm

"The total equity investment by the investors would aggregate to Rs 588 crore, equivalent to $80 million in the company," Indiabulls Ventures said