Biz Updates: LG Electronics India to launch IPO; AGI Infra gets share split approval from board
New Delhi| National Company Law Appellate Authority (NCLAT) Jaiprakash Associates Ltd. The petition challenging the bankruptcy proceedings was rejected. The authority said, after considering all the issues, we believe that there is no basis for interference in the NCLT order.
LG Electronics India Ltd. has submitted documents to SEBI on Friday to bring the initial public offering (IPO). According to it, the proposed IPO is a sale offering of 10.18 crore shares of the fully-promoter LG Electronics Inc.
AGI Infra Ltd. Operating income of increased by 9 per cent to Rs 7,756.26 lakh crore in the second quarter. The board has approved the division of the company’s shares in a 1:2 ratio. The record date for this will be announced after the approval of the shareholders.
