PNB Housing Finance Ltd.’s lawyer said the firm won’t pursue the court cases against SEBI on the now-scrapped plan to raise Rs 4,000 crore from Carlyle Group Inc.
PNB Housing Finance will withdraw its petition against SEBI’s half from the Securities Appellate Tribunal as well: PNB Housing Lawyer Anuj Berry.
India’s Supreme Court closes the case between SEBI and PNB Housing.
Ipca Laboratories To Consider Stock Split In November 13 Meeting; Shares Reverse Losses
Shares of Ipca Laboratories Ltd. reversed losses as much as 2.6% to gain nearly 2.5% in intraday trade to Rs 2,400 apiece after the company said it will consider sub-division of every 1 equity share of face value of Rs 2 each into 2 equity shares of face value of Re 1 each, in its board meeting on November 13.
In an exchange filing, the company said that it will also consider declaration of interim dividend and announce the financial results for the September quarter on the same day
The company has fixed November 23, 2021 as the ‘Record Date’ for the members entitlement of interim dividend for FY2021-22.
Of the 24 analysts tracking the company, 19 maintained ‘buy’ and five maintained ‘hold’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 10%.
Source: Bloomberg
