Bank capital hike
New Delhi, Feb. 7: Centurion Bank is likely to tap both the domestic and foreign markets for raising as much as Rs 600 crore for strengthening its capital base in view of the increased business and commitment to globally stringent Basel-I norms. At the extra-ordinary general meeting held today, the shareholders approved the proposal for raising of capital up to Rs 600 crore in one or more tranches, the bank informed the BSE.
New Delhi, Feb. 7: Facing a penalty of Rs 150 crore for illegal re-routing of international calls, Reliance Infocomm is understood to have submitted its reply to the Telecom Disputes Settlement and Appellate Tribunal. The case is coming up for hearing tomorrow.
New Delhi, Feb. 7: United Breweries Ltd today said it has raised its authorised share capital to Rs 280 crore from Rs 250 crore. It would invest up to Rs 180 crore to pick up a stake in Karnataka Breweries & Distilleries.
New Delhi, Feb. 7: Amtek India Ltd today said it would acquire a 100 per cent stake in UK-based Sigma Cast Group Ltd subject to the Reserve Bank's approval.
Chennai, Feb. 7: Take Solutions, a supply-chain management firm, has acquired a US-based consulting company, 4BSOFT, for $1 million in an all-cash deal.