Stocks in news: PNB, Tata Steel, Aarti Drugs, Swan Energy
PNB
The Board of the Bank approved the proposal for raising of equity capital upto Rs 7500 crore in one or more tranches during FY 2024-25 through QIP/FPO or any other mode.
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Tata Steel
Tata Steel received a notice from Uttar Pradesh State Pollution Control Board, imposing an environmental damage compensation of Rs 6.75 lakh.
Info Edge
The company has agreed to invest an amount of Rs 25 crores in Zwayam Digital, a wholly owned subsidiary.
Swan Energy
The Board has approved raising of funds up to Rs 4,000 crore through issuance of instruments or security including equity shares or any other eligible securities.
Federal Bank
The RBI has given its approval to ICICI Prudential AMC for acquiring holding of up to 9.95% of the Bank.
Aarti Drugs
The company has received an administrative warning letter by Sebi regarding the non-disclosure in the event of closure of company’s Sarigam Plant in the month of April 2022.
Tata Coffee
The scheme of arrangement amongst Tata Consumer Products, Tata Coffee and TCPL Beverages & Foods will be effective January 1.
