Bank of India: Approved the capital raising plan upto Rs.2,500 crores by issue of fresh Equity Capital in the form of QIP / FPO / Preferential Issue to increase minimum public shareholding from the present 18.59% to 25% or above.
VA Tech Wabag: Company’s Russian client Amur Gas Chemical Complex has suspended further activity amid current geo-political uncertainty in the region. However, the company said that it has collected $21.61 million based on the progress achieved from the Engineering and Procurement order.
Veranda Learning: Approved acquisition of 100% shareholding of Hyderabad-based T.I.M.E (Advanced Educational Activities) for Rs 287 crore.
Zee Learn: Yes Bank has initiated insolvency resolution against the company. For default of Rs 468 crore.
Cyient: Says CITEC purchase to add to EBIT margin from second year; sees additional revenue of $98 million-$102 million from CITEC buy.
Hubtown: To consider rights issue, securities issue on April 28.
Varun Beverages: To considers free shares issue on April 28.
Earnings: Aditya Birla Sun Life AMC, Atul, AU Small Finance Bank, Bajaj Finance, Gateway Distriparks, HDFC Life Insurance Company, IIFL Securities, KPIT Technolgies, Macrotech Developers, Mahindra Logistics, Aurobindo, Nippon Life India Asset Management, Nelco, Sanofi India, Schaeffler India, Tata Coffee, Tata Teleservices (Maharashtra), United Breweries, UTI Asset Management Company, VST Industries
