The board of directors of HDFC Bank on March 28 approved the appointment of Sumant Rampal as Group Head- Mortgage Business with immediate effect in place of Arvind Kapil, the bank informed the exchanges. The approval is based on the recommendation of the nomination and remuneration committee, the lender said. Sumant Rampal has been with the bank for over 24 years.
Open FlipGodrej Agrovet has bought 7.37 lakh shares in its subsidiary Godrej Cattle Genetics for Rs 25 crore through the rights issue. Godrej Cattle Genetics Pvt Ltd (GCGPL), the wholly-owned subsidiary of Godrej Agrovert, is engaged in agri-business and its principal business activities includes dairy farming and developing high-breed cattle and cattle embryo. In a regulatory filing on Thurusday.
Open FlipNew Delhi: Power trading solutions provider PTC India on Thursday received shareholders approval for selling 100 per cent equity stake in its arm PTC Energy to state-owned ONGC Ltd for an enterprise value of Rs 2,021 crore. As much as 93.61 per cent of votes were in favour of the special resolution to approve the proposal for 100 per cent disinvestment (by way of sale, transfer or otherwise).
Open Flip