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- Silver Lake will invest an additional 1,875 crore into Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited. Silver Lake will invest an additional 1,875 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd (RIL). The aggregate investment by Silver Lake and its co-investors in RRVL now adds up to ₹9,375 crore, which will translate into a 2.13% equity stake in RRVL on a fully diluted basis
- .PNB: State-owned Punjab National Bank has declared its exposure of 1,203.26 crore to Sintex Industries Ltd (SIL) as fraud. Once an account is declared as fraud-hit, banks need to set aside 100% of outstanding loans as provisions either in one go or over four quarters, according to the banking regulator's rules. In this case, PNB said it has made provisions of 215.21 crore.
- Chemcon Speciality Chemicals: The company will make its stock market debut today. Mirroring massive investor demand, the initial public offer of Chemcon Speciality Chemicals was subscribed a whopping 149 times on the last day of bidding on Wednesday.
CAMS: Computer Age Management Services (CAMS), the largest registrar and transfer agent of mutual funds in India, will list its equity shares on the stock exchanges today. CAMS’ initial public offer was subscribed 46.93 times on the final day of bidding.
PVR, Inox Leisure: The Union Home Ministry has issued new guidelines for permitting more activities in areas outside the containment zones that include opening up cinemas, theatres and multiplexes with up to 50% of their seating capacity from October 15.
Dhanlaxmi Bank: Shareholders of Dhanlaxmi Bank on Wednesday ousted Managing Director and Chief Executive Officer Sunil Gurbaxani, little over seven months after he assumed charge of the lender.
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