Latest news with #SEBIListingObligationsandDisclosureRequirements
Business Upturn
10-07-2025
- Business
- Business Upturn
Quick Heal Technologies shares drop nearly 2% after CEO Vishal Salvi resigns
By Aditya Bhagchandani Published on July 10, 2025, 09:42 IST Shares of Quick Heal Technologies Limited fell close to 2% on Wednesday after the company announced the resignation of its Chief Executive Officer and Key Managerial Personnel, Vishal Salvi. The stock opened lower and was trading at ₹381.00, down 1.96%, compared to the previous close of ₹388.60 on the NSE. In an exchange filing dated July 9, 2025, Quick Heal informed that Vishal Salvi has resigned to pursue an alternative career path. His resignation will be effective from August 31, 2025, as per the regulatory disclosure under SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations. Salvi, who has served as the CEO, decided to step down to explore new professional opportunities. The company clarified in its filing that there are no material concerns about the management or governance of the company linked to his departure. The stock touched an intraday low of ₹373.20 and a high of ₹384.80 during early trade today. Its market capitalization stood at approximately ₹20.59 billion with a P/E ratio of 419.56. While the management transition comes at a time when the company continues to operate in a competitive cybersecurity landscape, Quick Heal has reassured stakeholders that it remains committed to its strategic goals and business continuity. The Board of Directors is expected to initiate the process of appointing a new CEO in due course. Investors are now watching for further updates on the leadership transition and its impact on the company's future growth trajectory. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
India.com
29-06-2025
- Business
- India.com
Mukesh Ambani to become India's oil magnate with stake purchase of THIS major Russian oil company; Reliance will become biggest...
New Delhi: Mukesh Ambani's Reliance Industries is deliberating on closing a deal with the Russian oil giant PJSC Rosneft Oil Company, the talks for which are in an early stage. What is the deal? The talks are about sale of Rosneft's 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for the acquisition of Nayara. If it happens then it will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No.1 oil refiner. Since the discussions are in initial stage, there is no guarantee that they may lead to a definite deal as valuation remains a sticky ground, said sources. Prior to the negotiations with Reliance Industries, top officials from Rosneft have visited India at least thrice in the last one year, including visits to Ahmedabad and Mumbai, for talks with potential investors. Why Reliance Industries? Rosneft is looking for a potential buyer who has substantial earnings overseas or is an international company, both of which could make quick overseas payouts for the stake. Actually, Rosneft wants to exit Nayara due to western sanctions which are limiting its ability to repatriate full earnings from India operations. Being a large exporter of fuel, Reliance has substantial overseas income, the sources said. 'As a policy, we do not comment on media speculation and rumours. Our company evaluates various opportunities on an ongoing basis. We have made and will continue to make necessary disclosures in compliance with our obligations under Securities Exchange Board of India (SEBI Listing Obligations and Disclosure Requirements) Regulations 2015 and our agreements with the stock exchanges,' a Reliance spokesperson said. Rosneft did not respond to any query. What is relation between Rosneft and Essar Oil? Rosneft acquired Essar Oil in 2017 in a USD 12.9-billion deal. Essar Oil was subsequently named Nayara Energy. Presently, Rosneft is unable to get full financial benefits from its Indian operations, including repatriating earnings, due to international sanctions. PJSC Rosneft Oil Company decided to exit Nayara sometime in 2024 and began scouting for potential buyers. Alongside Rosneft, UCP Investment Group, a major Russian financial firm, is also selling its 24.5 per cent stake in Nayara. Offer to Adani The stake of Rosneft and UCP was offered to Reliance Industries, Adani Group, Saudi Aramco and state-owned ONGC/IOC combine among others. According to sources, Saudi Aramco is a serious contender to take over Nayara as it will fulfil its long-desired ambition of having downstream presence in the world's fastest growing oil market. Aramco, the world's largest oil exporter, had previously agreed to invest in a giant oil refinery-cum-petrochemical complex that state-owned firms had planned to build in Maharashtra, but that project hasn't taken off due to land acquisition delays. Reliance's advantages Reliance operates twin refineries, with a combined capacity of 68.2 million tonnes per annum at Jamnagar in Gujarat and Nayara makes the most sense for Reliance. Ambani's company's units are in the vicinity of Nayara's 20-million tonnes-a-year unit at Vadinar, Gujarat and Nayara will help it cross IOC's 80.8-million tonnes-a-year capacity to become No.1 refiner in the country.
Mint
18-06-2025
- Business
- Mint
Vedanta declares first interim dividend of ₹7 per share for FY26. Check record date and other details
Mining and metals conglomerate Vedanta on Wednesday announced the first interim dividend of ₹ 7 per equity share for the financial year 2025–26 (FY26). The decision was taken at the Board of Directors' meeting held earlier in the day and marks a significant shareholder payout of approximately ₹ 2,737 crore. In a regulatory filing to the stock exchanges under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, Vedanta confirmed that the interim dividend is based on a face value of ₹ 1 per equity share. The company had earlier notified that Tuesday, June 24, 2025, would be the record date to determine the eligibility of shareholders for the interim dividend. The dividend payout will be made within the timelines prescribed by law. 'The Board of Directors of Vedanta Limited, at its meeting held on June 18, 2025, has considered and approved the First Interim Dividend of ₹ 7 per share, amounting to around ₹ 2,737 crore,' the company said in its stock exchange communication. Vedanta has a long-standing reputation for delivering consistent and high dividends to its shareholders, making it one of the preferred dividend-paying stocks on Dalal Street. The latest dividend further reinforces the company's commitment to rewarding its investors even amid ongoing capital expenditure plans and demerger-related developments. Vedanta Ltd today also confirmed selling a 1.6 per cent stake in Hindustan Zinc Ltd (HZL) via block deals to institutional investors, raising ₹ 3,028 crore. The move is part of Vedanta's broader deleveraging strategy aimed at strengthening its balance sheet. Earlier in the day, about 7.2 crore shares, or 1.71 per cent equity, changed hands at ₹ 460.5 apiece, totalling ₹ 3,323 crore, according to CNBC-TV18. Vedanta later clarified that it had sold 66.7 million shares through an accelerated bookbuild process. In addition to the stake sale, Vedanta is expected to receive ₹ 2,679.54 crore from Hindustan Zinc's recently declared ₹ 10 per share dividend. The twin cash inflows will support Vedanta's financial goals amid ongoing corporate restructuring and focus on capital discipline.
Mint
18-06-2025
- Business
- Mint
Vedanta declares first interim dividend of ₹7 per share for FY26
Mining and metals conglomerate Vedanta on Wednesday announced the first interim dividend of ₹ 7 per equity share for the financial year 2025–26. The decision was taken at the Board of Directors' meeting held earlier in the day and marks a significant shareholder payout of approximately ₹ 2,737 crore. In a regulatory filing to the stock exchanges under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, Vedanta confirmed that the interim dividend is based on a face value of ₹ 1 per equity share. The company had earlier notified that Tuesday, June 24, 2025, would be the record date to determine the eligibility of shareholders for the interim dividend. The dividend payout will be made within the timelines prescribed by law. 'The Board of Directors of Vedanta Limited, at its meeting held on June 18, 2025, has considered and approved the First Interim Dividend of ₹ 7 per share, amounting to around ₹ 2,737 crore,' the company said in its stock exchange communication. The board meeting commenced at 12:30 p.m. IST and concluded at 1:00 p.m. IST. Vedanta has a long-standing reputation for delivering consistent and high dividends to its shareholders, making it one of the preferred dividend-paying stocks on Dalal Street. The latest dividend further reinforces the company's commitment to rewarding its investors even amid ongoing capital expenditure plans and demerger-related developments. Vedanta Ltd on June 18 confirmed selling a 1.6 percent stake in Hindustan Zinc Ltd (HZL) via block deals to institutional investors, raising ₹ 3,028 crore. The move is part of Vedanta's broader deleveraging strategy aimed at strengthening its balance sheet. Earlier in the day, about 7.2 crore shares, or 1.71 percent equity, changed hands at ₹ 460.5 apiece, totalling ₹ 3,323 crore, according to CNBC-TV18. Vedanta later clarified that it had sold 66.7 million shares through an accelerated bookbuild process. In addition to the stake sale, Vedanta is expected to receive ₹ 2,679.54 crore from Hindustan Zinc's recently declared ₹ 10 per share dividend. The twin cash inflows will support Vedanta's financial goals amid ongoing corporate restructuring and focus on capital discipline. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
10-06-2025
- Business
- Business Upturn
Bajaj Finserv appoints Lakshmi Iyer as Group President – Investments, effective August 1
By Aditya Bhagchandani Published on June 10, 2025, 09:41 IST Bajaj Finserv Limited has announced the appointment of Lakshmi Iyer as Group President – Investments, effective August 1, 2025. The development was disclosed in an official filing to the BSE and NSE dated June 10 under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements. Lakshmi Iyer brings with her 27 years of experience in the financial services industry, having worked extensively in wealth advisory, strategy, and product solutions across fixed income, real estate, and alternative assets. Known for her expertise in deal execution and fund management, she has led high-performance teams in the investment space. She holds an MBA in Finance from Narsee Monjee Institute of Management Studies and was recognized by Asian Investor as one of Asia's 25 most influential women in asset management. This strategic appointment reflects Bajaj Finserv's continued focus on strengthening its leadership as it scales up operations across its financial services verticals. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
