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CBDT comes out with final rules for taxing share buy back by companies

CBDT comes out with final rules for taxing share buy back by companies

Seeking to minimise litigations over taxation, CBDT has come out with rules for computing distributed income arising out of issue of shares following buy back, demerger, amalgamation or bonus issue by companies.

UBI receives Rs 608 cr capital infusion from govt

UBI receives Rs 608 cr capital infusion from govt

 State-owned United Bank of India (UBI) said it has received Rs 608 crore capital infusion from the government.

BoB to convert Andrew Yule debt to equity; divestment on cards

The Government on Wednesday cleared conversion of Bank of Baroda's Rs 29.91 crore loan to Andrew Yule & Co into equity shares, paving the way for disinvestment of the Kolkata-based PSU in the next three months.

Excel Industries shares surge 16% as board of directors approve buyback

Excel Industries shares surge 16% as board of directors approve buyback

Shares of Excel Industries surged 16 percent on Tuesday after the company said its Board of Directors has approved buyback of equity shares at a price not exceeding Rs 275 apiece for a maximum amount of Rs 18 crore.

Firms mop-up over Rs 14K crore from QIP in April-Jan

 Indian companies have raised over Rs 14,000 crore through Qualified Institutional Placement (QIP) route in the first ten months of the ongoing fiscal.

Indiabulls Real Estate raises Rs 538 cr from promoters

Indiabulls Real Estate Ltd has raised Rs 538 crore by alloting over 8 crore securities, including equity shares, to promoter group companies.

Venus Remedies shares surge nearly 14%

Venus Remedies shares surge nearly 14%

Shares of Venus Remedies surged nearly 14 percent today after the company announced the issue of equity shares to promoters on a preferential basis.

Crisil to buy back fully paid-up equity shares

Ratings firm Crisil Ltd Thursday said it is considering to buy back the fully paid-up equity shares of the company.

SBT's Rs.474.03 crore rights issue opens on Tuesday

A Rs.474.03 crores rights issue of State Bank of Travancore will open on March 17 and close on March 31, the bank said in a statement here on Sunday.

DLF promoters defer conversion of CCPS into shares by 1 year

DLF today said its promoters have deferred till March next year conversion of securities held in the realty major's subsidiary into equity shares while slashing the coupon rate from 9 per annum to 0.01 percent.

Cos raise over $4-bn from QIP in FY15; $3-bn more in pipeline

Indian companies have raised over USD 4 billion (Rs 27,000 crore) from Qualified Institutional Placement (QIP) of shares so far in the current fiscal, while plans are underway to garner further funds worth an estimated USD 3 billion through this route.

GMR Infra rights issue to open on March 24

GMR Infrastructure today said its Rs 1,400 crore rights issue will open on March 24.

SBI to fix issue price for Rs 2,970 cr infusion by March-end

State Bank of India will decide on issue price of equity shares on preferential basis to the government for Rs 2,970 crore capital infusion on March 24.

SBI to issue equity shares worth Rs 2,970 crore to govt

State Bank of India (SBI) Friday said its board has decided to issue equity shares worth Rs 2,970 crore to the government on preferential basis.

Ramco Systems to raise Rs 500 cr this year

Ramco Systems will raise up to Rs 500 crore through issue of equity shares this year, which the software products firm will utilise to repay debt and invest in marketing and brand building activities.

Companies mop-up Rs 8,200 crore via primary market in H1 FY15

In the primary market, funds were raised through equity (IPOs and rights issue) as well as debt segments.

Monte Carlo files for initial public offer

Monte Carlo Fashions Ltd plans to sell 25 percent stake that would comprise of sale of over 54 lakh shares by promoters and other shareholders.

Havells India splits equity shares

Havells owns brands as Crabtree, Sylvania, Concord, Luminance and Standard, and has 91 branches spread over 50 countries across the globe.

Wipro transfers Premji's shares to trust

IT bellwether Wipro Ltd Thursday secured the regulatory approval to transfer equity shares of its promoter group headed by chairman Azim Premji to an independent trust for meeting the 25 percent public shareholding requirement.

StanChart IDR holders can convert 25% of holding into shares

Indian Depository Receipt (IDR) holders of Standard Chartered Plc can now covert 25 percent of their original holding into equity shares of the company.