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AMERICAN DEPOSITORY RECEIPTS
HDFC Bank, Kotak Mahindra Bank put two Anups atop banking’s big succession puzzleAnup Bagchi has been appointed as the new MD and CEO of HDFC Bank effective October 26. He succeeds Sashidhar Jagdishan, who chose not to s...
IndusInd Bank to raise up to Rs 30,000 cr via equity, debtThe bank's board approved a proposal for raising funds through debt securities or equity instruments or convertible debt securities in any ...
GMO’s Jeremy Grantham throws weight behind Infosys, ICICI BankGrantham’s hedge fund GMO bought substantial American Depository Receipts of ICICI Bank and Infosys during the December quarter, at a time ...
Vodafone Idea Board to meet on September 4 to discuss funding plansET reported on Wednesday that VIL needs to quickly raise at least $3-4 billion through a combination of capital infusion by promoters, righ...
Direct overseas listing a big boost for startups, say expertsCurrently, quite a few Indian companies have American Depository Receipts (ADRs) that are traded in the US.
Govt allows firms to list global depository receipts at IFSC"The depository receipts can be issued by way of public offering or private placement or in any other manner prevalent in the concerned jur...
Sebi brings in liberalised norms for depository receiptsThe liberalised norms for DRs were issued in 2014 but could not be implemented due to concerns raised by Sebi.
Sebi imposes Rs 40 lakh fine on Sybly Industries MD, director for GDR manipulationSebi noted that the entire 1.51 million GDR were subscribed by only one entity, Vintage FZE (now known as Alta Vista International FZE).
Lakshmi Vilas Bank to issue 15 crore shares to raise Rs 1,500 croreThe firm has also decided to raise about Rs 250 crore in bonds in private placement deals.
Yes Bank to decide on $1 billion share sale in H2Yes Bank will take a call in the second half of the current fiscal on its plans for $1 billion share sale, its chief Rana Kapoor said.
Investors fear retrospective taxation on American depository receiptsThere is no clarity on levy of capital gains tax at the time of conversion of ADRs and on the methodology for computing this on the sale of...
HDFC Bank kicks off Rs 10,000-crore share saleHDFC Bank launched its programme through a combination of share sales to qualified institutional investors and the issue of ADRs on Wednesd...
New depository scheme to come into effect this year, says FinMin"Some tax amendments also need to be done and those would come into effect from April 1, 2015," Manoj Joshi, Joint Secretary in Finance Min...
Budget 2014: Depository receipt makeover clears way for global moneyIndian corporates can soon raise capital abroad by issuing depository receipts against securities other than equity.
Economic Survey 2014: Government to come out with simplified norms for Depository Receipts: SurveyThe committee had further suggested that DRs can be issued for raising funds by issuing new shares or against the existing equity.
FIPB clears Axis Bank's proposal to raise FDI limit beyond 49%FIPB approved raising the foreign equity holding in Axis Bank to 62% from 49%, subject to the condition that the holding of FIIs does not e...
Sintex board approves fund raising of over Rs 1,800 croreSintex said its board has approved plans to raise over Rs 1,800 crore through issue of securities in overseas and domestic markets.
- Essar Energy to commission power projects by March next year
Essar Energy said it expects to complete three power projects by March next year that would increase its total generation capacity to 4,510...
- Yes Bank plans to raise up to $500 mn in FY-12 to fund business growth
The board has approved to raise funds by way of issuance of equity capital of up to USD 500 million in one or more tranches, Yes Bank said ...
- Standard charter?
The StanChart experiment is bound to be watched with keen interest.