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By Malvika Gurung
Investing.com — Zee Entertainment (NS:): The company’s largest shareholder Invesco welcomed the Bombay High Court’s ruling in its favour, and decided to not go ahead with the EGM, which sought to Punit Goenka from the media giant’s board.
Ruchi Soya (NS:): The Patanjali-owned edible oil manufacturer’s follow-on public offering worth Rs 4,300 crore will open today and close on March 28.
Hero MotoCorp (NS:): Multiple offices of the two-wheeler giant were raided by the Income Tax Department on Wednesday, to investigate for tax evasion. Offices and residential premises of the group’s chairman and CEO were also searched.
ICICI Bank (NS:): The banking regulator RBI has approved SBI (NS:) Mutual Fund and other entity companies of SBI to hold a 9.99% stake in the country’s second-largest private lender.
Kotak Mahindra Bank (NS:): One of the stakeholders of the lender, Canada Pension Fund will offload up to 2.02% stake in the company through a block deal and the total value of the deal is estimated up to Rs 4,955 crore.
Sun Pharmaceutical Industries (NS:): The drugmaker and its US-based arm Ranbaxy signed a $485 million settlement with two plaintiff groups, regarding the generic drug application antitrust litigation, stated PTI.
Zomato (NS:): The food aggregator’s step-down subsidiary based in Toronto, Canada will be shut down, and the company has assured that its dissolution will not affect the company’s total revenue or turnover.
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