DCB Bank Receives RBI Approval for ICICI Prudential AMC to Acquire Up to 9.95% Stake
The Reserve Bank of India has granted approval to ICICI Prudential Asset Management Company Limited to acquire an aggregate holding of up to 9.95% in DCB Bank Limited. This regulatory clearance follows a formal application by the AMC and remains subject to compliance with the Banking Regulation Act.
RBI Grants Approval to ICICI Prudential AMC for 9.95% Stake Acquisition in CSB Bank
The Reserve Bank of India has authorized ICICI Prudential Asset Management Company Limited to acquire an aggregate holding of up to 9.95% in CSB Bank Limited. This regulatory clearance allows the asset manager to increase its stake through paid-up share capital or voting rights, contingent upon compliance with the Banking Regulation Act.
LIC Receives RBI Approval to Raise Stake in ICICI Bank to 9.99 Percent
The Reserve Bank of India (RBI) has granted approval to the Life Insurance Corporation of India (LIC) to increase its stake in ICICI Bank to 9.99%. This regulatory nod allows LIC to acquire additional shares or voting rights within a one-year window, reinforcing institutional participation in the private sector lender.
Gaja Alternative Asset Management Secures SEBI Approval for India Fund V AIF
Gaja Alternative Asset Management Limited has received formal SEBI registration for Gaja Capital India Fund V, a Category II Alternative Investment Fund. The company will serve as the investment manager for this vehicle, which is designed to drive the firm's next phase of growth strategies.
Biocon Biologics Receives Japan MHLW Approval for Pegfilgrastim Biosimilar Marketing
Biocon Biologics, a subsidiary of Biocon Limited, has received marketing authorization from Japan's Ministry of Health, Labour and Welfare for its Pegfilgrastim biosimilar. The product, a biosimilar to Neulasta, will be exclusively promoted and distributed in Japan by Sandoz K.K.
Indian Hotels Board Approves Amalgamation of Oriental Hotels with 25:117 Share Swap Ratio
The Indian Hotels Company Limited board has approved a Scheme of Arrangement to amalgamate its associate company, Oriental Hotels Limited, into itself. The move aims to consolidate the hospitality portfolio, unlock operational synergies, and simplify the group's corporate structure.
Oriental Hotels Ltd Board Approves Amalgamation with Indian Hotels Company Limited
Oriental Hotels Limited has announced a board-approved scheme of amalgamation with its promoter entity, The Indian Hotels Company Limited. The transaction involves a share-swap arrangement aimed at consolidating hospitality assets and leveraging the operational synergies of the larger Taj group network.
MPS Limited Shareholders Meet to Approve Amalgamation with ADI BPO Services
MPS Limited held a court-convened meeting of its equity shareholders to deliberate on the Scheme of Amalgamation with its holding company, ADI BPO Services Limited. This merger aims to consolidate operations and drive administrative efficiencies within the publishing and BPO segments.
Rudra Ecovation Amalgamation Update: NCLT Chandigarh Reserves Order for Shiva Texfabs Merger
Rudra Ecovation Limited has announced that the NCLT Chandigarh Bench has reserved its final order regarding the proposed Scheme of Amalgamation with Shiva Texfabs Limited. This procedural milestone follows the conclusion of hearings involving the company's shareholders and creditors.