The new management of the company, soon after the fraud came to light, had on August 30 expressed desire to restate financial accounts for last five years and it will now expedite the process.
Bajaj Finance Ltd shares rose as much as 2.9% after the board of the company approved raising up to Rs 8,500 crore via a qualified institutional placement (QIP) offering.
Coffee Day Enterprises Ltd shares fell 2.3% on reports that the Blackstone Group has signed a definitive agreement to buy the company’s tech park for Rs 2,700 crore.
The board will next meet on 30 August to decide on the financial performance of the company in the June quarter.
0.03%, at 10,826.30. Tata Motors, CG Power, Adani Ports, IndiGo and Lakshmi Vilas Bank were among the key stocks in focus today.
After swinging nearly 300 points in a volatile session, the BSE gauge settled 71.53 points, or 0.18 per cent, lower at 39,122.96. The index hit an intra-day low of 39,021.70 and a high of 39,300.02.
At 11:57am, the S&P BSE Sensex was up 96.29 points, or 0.25% to 38,696.63, while the Nifty 50 index was up 19.30 points, or 0.17%, to 11,617.55.
In a regulatory filing on Friday, Yes Bank said it has received a letter from the RBI which noted that the Risk Assessment Report (RAR) was marked 'confidential' and it was expected that no part of the report is divulged except for the information in the form and manner of disclosure prescribed by regulations.
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