Wed, Sep 9, 2020 12:13 AM
CCEA approves asset monetisation by PGCIL, to garner Rs 7,000 crore
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Maggi-maker Nestle India on Thursday announced a dividend of Rs 8.50 per share while releasing its March quarter financial numbers. The MNC FMCG firm has fixed July 15 as the record date for determining shareholder eligibility while the payment would be done on August 2.“The Board of Directors have recommended a final dividend for the fifteen months financial year ended 31 March 2024.
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On April 24, 2024, foreign institutional investors (FII) offloaded shares worth Rs 2,511.74 crore, while domestic institutional investors (DII) bought shares worth Rs 3,809.90 crore. Market Update at 12:40 PM In the current trading session benchmark indices trade marginally higher as Sensex has slightly gained by 0.01 per cent, while Nifty also gained by 0.02 per cent.
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The promoters of the company own a 40.32 per cent stake, DIIs own 2.53 per cent and the public owns a 57.15 per cent stake as of March 2024. Rathi Steel and Power Limited secured a credit facility of Rs. 43.5 crore (Rs. 35 crore working capital overdraft and Rs. 8.5 crore term loan) from Kotak Mahindra Bank. This agreement allows Rathi Steel and Power Limited to access funds for day-to-day.
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