Transrail Lighting Board Approves ₹600 Crore QIP and Declares 150% Interim Dividend
The Board of Directors of Transrail Lighting Limited has approved a significant capital raising plan of up to ₹600 crore through a Qualified Institutions Placement. Alongside this, the company declared an interim dividend of 150% for the current financial year and announced a strategic move into high-tech sectors including drones and energy storage.
Bondada Engineering Board Approves ₹500 Crore Fund Raise and 14% Final Dividend
Bondada Engineering's board has approved a substantial capital infusion of up to ₹500 crore via Non-Convertible Debentures or other instruments. The company also announced a 14% final dividend and initiated plans to migrate its listing from the BSE SME platform to the Main Boards of both BSE and NSE.
City Union Bank to Raise ₹500 Crore via QIP and Declares 200% Dividend
The board of City Union Bank has approved a capital infusion of ₹500 crore through a Qualified Institutional Placement (QIP) route. This strategic move, along with a significant dividend declaration, is aimed at strengthening the bank's capital base and rewarding shareholders as it prepares for the next fiscal growth phase.