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Promoters held 62.55 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 13.05 per cent and 7.74 per cent, respectively.

LTFA is a material non-listed subsidiary of the company contributing more than 35% to the overall revenue through its flagship brand Royal in North America. The acquisition entails strengthening share of LTFA in the branded jasmine rice market.

Rising energy prices may force the government to reduce the roads and infrastructure cess once again to limit the impact on the prices of crude derivatives such as petrol and diesel.

In September, the State -run insurer has called for applications for the post of CFO

The low recovery in the quarter has also pulled down the overall recovery rate since the law came into effect from December 2016. Out of the total admitted claims of Rs 7.56 lakh crore under the IBC until December 2021, the recovery rate is just 33.10% down from 35.89% at the end September 2021.

Sources said the findings have revealed that while in 2016 Sebi failed to act swiftly or write to the federal anti-corruption agency to probe the email exchanges.

The other applicants include Sharda Constructions & Corporation Ltd, B-Right Real Estate Ltd, Urban Affordable Housing LLP, Toscano Infrastructure Pvt Ltd and Dev Land and Housing Ltd, the people said.

Advent International also likely to pick up a similar stake int he bank; both PEs looking at board seat.

The Dow Jones Industrial Average fell 0.29% to end at 33,794.66 points, while the S&P 500 lost 0.53% to 4,363.49.

The percentage of fund managers who believe stagflation will set in within the next 12 months stood at 30%, compared with 22% last month, a survey from BoFA Global Research showed.