The ruling was aimed at safeguarding the interests of buyers of homes being built by the company.Ashish Kacholia bought 10 lakh shares or 0.7 per cent stake in Navkar Corporation on Wednesday, bulk deal data on the NSE website showed. Idea Cellular , India's third-biggest telecom services company, may raise up to ₹5,600 crore for debt reduction in a rights or preferential share issue to its current promoters, the Aditya Birla Group (ABG), brokerage JM Financial said.The company has announced a share buyback proposal. Lakshmi Vilas Bank announced that the capital raising committee has approved the allotment of 6,39,87,006 equity shares of Rs 10 each at a price of Rs 122 per equity share aggregating to Rs 780.64 crore issued on a rights basis.The company said that its subsidiary Cyberinc has entered into a definitive agreement with KPMG LLP, USA, for sale of its Identity and Access Management (IAM) business. The transaction is expected to close on January 31.The company has sold its 7.30 crore number of equity shares (73% stake holding) of KM Energy, subsidiary of the Company. KM Energy ceases to be subsidiary of the company.Kolkata-based Adhunik Group has received about 15 to 20 separate expressions of interest (EoIs) collectively for its four struggling resources and metals companies that now await the resolution of ₹5,000 crore in debt and claims at dedicated insolvency courts.

Source: Economic Times January 04, 2018 02:48 UTC