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CUMULATIVE REDEEMABLE PREFERENCE
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
CCI okays Torrent Power's proposal to acquire Nabha Power from L&T's armThe Competition Commission of India has approved Torrent Power's acquisition of Nabha Power Ltd. This deal involves Torrent Power acquiring...
TVS Holdings board to consider bonus preference shares issueTVS Holdings’ board will meet on September 22 to consider issuing cumulative non-convertible redeemable preference shares (NCRPS) as a bonu...
HC refuses to stay SpiceJet's interest liability in arbitral award to former promoter MaranThe division bench of Delhi High Court on Thursday refused to stay its single-judge order upholding an arbitral award asking SpiceJet and i...
Music Broadcast could offer quick returnsFor every 10 shares held by public investors as on January 13, company will issue NCRPS of ₹100 a share, which can be redeemed on expiry of...
Rural Co-op Banks get more options to raise fundsSuch lenders can augment their capital through the issue of preference shares, which can include issue of perpetual non-cumulative preferen...
RBI issues draft circular on allowing UCBs to augment capitalThe UCBs, as per the draft, will be permitted to raise Tier-I and Tier-II capital by issuing Perpetual Non-Cumulative Preference Shares (PN...
HNIs feel trapped in IL&FS preference sharesSeveral HNIs have subscribed to these shares recommended by wealth management firms.
IL&FS Engineering defaults on bond paymentsThe company has informed investors that it had defaulted on redemption of optionally convertible cumulative redeemable preference shares wh...
Bhushan Steel looking to raise up to Rs 1,155 crThe shareholders approved special resolution of reclassification of status of Sanjiv Garg and Rajiv Garg from promoters to public sharehold...
Understanding preference shares, how they reduce riskPreference shares provide a fixed income from the dividends which is not guaranteed to ordinary shareholders. Hence, the risk is reduced si...
SpiceJet plans to raise Rs 1,500 crore; Marans exit BoardKalanithi Maran, Kavery Kalanithi and S Natrajhen have resigned from the board of the company with immediate effect and the board has accep...
Shriram EPC board approves Rs 300-cr preference share issueShriram EPC today said its board has approved raising Rs 300 crore by issuing cumulative redeemable preference shares in one or more tranch...
Wockhardt Q4 net profit at Rs 334.76 croreDrug firm Wockhardt today reported a consolidated net profit of Rs 334.76 crore for the fourth quarter ended March 31, 2013.
- Wockhardt redeems 20.85 crore optionally convertible shares
Drug firm Wockhardt today said it has redeemed 20.85 crore optionally convertible cumulative redeemable preference shares (OCCRPS) on Novem...
- Tata Metaliks to allot shares worth Rs 100 cr to Tata Steel
Tata Metaliks today said its board has approved an issue of preference shares worth Rs 100 crore to its promoter Tata Steel.
Govt defends state-run banks' exposure to Kingfisher AirlinesThe government defended state-run lenders' exposure to Kingfisher Airlines and said that loans worth Rs 6,419 crore to the carrier were not...
- No second round of debt restructuring for Kingfisher by banks
SBI has an exposure of Rs 1,457.78 cr, followed by IDBI Bank(Rs 727.63 cr), PNB(Rs 710.33 cr), Bank of India (Rs 575.27 cr) and BoB (Rs 537...
- TCS' equity capital increases to Rs 220 cr
Tata Consultancy Services on said its equity capital has risen to Rs 220 crore from the existing Rs 120 crore pursuant to the allotment of ...