A-One Steels India raised ₹120.90 crore from anchor investors and allotted 29,85,160 equity shares to anchor investors at ₹405 apiece
Coal generation rose to 114 terawatt-hour in August, nearly 14 per cent above last year, while power sector consumption rises to roughly 77 mt
The Nifty 50 closed at 22,780.25, down 360 points, while the BSE Sensex settled at 72,771.72, shedding 1,124 points
Adani Enterprises and three other companies have settled with Sebi over minimum public shareholding violations. The total settlement amount paid by the companies and directors is Rs 1.48 crore. Sebi initiated its investigation after receiving complaints in 2020 regarding non-compliance with public shareholding requirements. The proceedings were settled without admitting or denying the violations alleged in the show-cause notices. Sebi has concluded its enforcement action against the applicants post-settlement.
Lawyers say diverted funds, disgorgement and settlement amount will have separate treatment
Paramount Skydance Corp. has initiated the sale of over $44 billion in bonds to fund its acquisition of Warner Bros. Discovery Inc. Following legal settlements, the company can proceed with the financing, which includes various debt tranches. The bond issuance is expected to be one of the largest corporate high-yield deals recorded. Initial pricing discussions have indicated a yield in the low-9% range for the long-term bonds.
Regulator finds unauthorised CIS raised ₹192.88 crore from 5,208 investors; directs refund with 12 per cent interest
Sebi's investigation into Vinod Adani's control over offshore investments in Adani group companies has concluded. The regulator found insufficient evidence to support allegations of minimum public shareholding violations. Vinod Adani was not proven to have effective control over certain foreign portfolio investors. Relationships among parties involved did not demonstrate direct control or influence over investment decisions. Consequently, the case against Vinod Adani was closed due to lack of definitive evidence.
The company said existing shareholders, including retail investors, will be able to participate through the proposed rights issue.
HSBC Mutual Fund, ICICI Prudential Life Insurance and Goldman Sachs bought a combined 2.24 per cent stake in Clean Max
