Comments
JSW Steel will pay 0.25 per cent of its consolidated turnover to promoter group company JSW Investments Pvt Ltd as royalty for using the JSW brand from the current financial year. The company will seek approval from shareholders for the royalty payment at its annual general meeting on July 31. The company said that JSW Investments plans to promote the JSW brand “through various initiatives to create brand awareness and to build brand credibility”. Shares of JSW Steel ended 1.4 per cent lower at ₹1,270.75 on the NSE.
IL&FS Trust Co has released pledge on seven crore shares, equivalent to 48.11 per cent of the total pledged shares, of Housing Development and Infrastructure Ltd held by promoter Rakesh Kumar Wadhawan, HDIL said. The company on Thursday said that it has sold its multiplex business to media and entertainment firm Carnival Group for ₹110 crore. Shares of the company ended up 0.4 per cent at ₹103.30 on the NSE.
Punjab National Bank has sold 41 per cent stake in High Mark Credit Information Services Ltd to Europe-based credit information services provider CRIF for ₹4.15 crore, the State-owned bank said in a release. Shares of Punjab National Bank slipped 1.25 per cent at ₹972.95 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.