Tag Archives: shareholders

Unichem to return 50% of proceeds from Torrent deal to shareholders

Unichem has entered into a definitive agreement with Torrent Pharma to sell its branded formulations business in India and Nepal for Rs3,600 crore. Mumbai: Unichem Laboratories Ltd plans to return to its shareholders more than 50% of net proceeds it will receive from the sale of domestic formulations business to Torrent Pharmaceuticals Ltd. It will use the rest to expand its ... Read More »

Wipro Shareholders Approve Rs. 11,000-Crore Buyback Proposal

New Delhi: Wipro, India’s third largest software services firm, on Wednesday said its shareholders have approved the company’s Rs. 11,000-crore buyback proposal. Last month, the Bengaluru-based firm had said it will purchase up to 343.75 million shares at Rs. 320 ($4.95) per scrip. The total size of the offer will be up to Rs. 11,000 crore ($1.7 billion). “The aforesaid ... Read More »

Tesla shareholders approve $2.6bn SolarCity takeover

Tesla Motors chief executive Elon Musk has won shareholder approval for a $2.6bn (£2.1bn) deal to buy solar panel company SolarCity, in which he is the largest shareholder. The takeover will expand the electric car maker’s clean energy business. Some investors had opposed the move, citing a conflict of interest. But Tesla said the tie-up was “overwhelmingly” approved by 85% ... Read More »

Salesforce still mulls bid for Twitter as shareholders resist – sources

Salesforce.com Inc (CRM.N) is still deliberating whether it should make an offer for Twitter Inc (TWTR.N) in the face of resistance from Salesforce shareholders over the strategic merits and valuation of such a deal, people familiar with the matter said on Monday. Twitter shares have lost as much as a third of their value since Oct. 5 on concerns the ... Read More »