Seven new members on RBI board
The government on Monday reconstituted the central board of directors of Reserve Bank of India (RBI) by inducting seven new members, including former chairman of information technology industry lobby Nasscom, Kiran Karnik, and Atomic Energy Commission chairman, Anil Kakodkar. Dipankar Gupta, Najeeb Jung, G.M. Rao, Ela Bhatt, and Indira Rajaraman are the other new members.
Shareholders' nod to Parsvnath on funds
Real estate developer Parsvnath Developers Ltd on Monday said it has received shareholders' approval to raise up to `2,000 crore through the issue of securities to qualified institutional buyers.
In a filing to BSE Ltd, the firm said it has received approvals to raise up to `2,000 crore in long term funds through the issuance of securities.
The company will raise the amount “by way of qualified institutional placement (QIP) to qualified institutional buyers (QIB),“ it added.
The board of the company had earlier sanctioned the implementation of the fundraising plan over a 12month period in August, subject to shareholders' approval. Parsvnath chairman Pradeep Jain had said the company would raise this amount primarily to reduce its debt.
(Source-: mintlive.com)