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Sebi has approved LICs reclassification as a public shareholder in IDBI Bank, subject to conditions like capping voting rights at 10% and reducing its stake to 15% within two years. The move follows the strategic disinvestment plan, with IDBI reporting 17% YoY net profit growth in Q1 FY26.
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News and Media
Molbio Diagnostics, a Goa-based POC diagnostics company, filed its DRHP to raise Rs 200 crore via fresh issue and 1.25 crore shares through OFS. Its patented Truenat PCR platform enables rapid decentralized testing. FY25 revenue stood at Rs 1,020 crore, PAT Rs 138.5 crore. Promoters include Sriram family and Exxora Trading.
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News and Media
A one-shareholder outburst at GKB Ophthalmics AGM went viral, highlighting minority investor power. Vijay Kedia emphasized boards must respect shareholder money and accountability. Despite owning just one share, Abhishek Kalra demanded the MDs resignation, symbolizing growing investor activism amid the companys stock decline and modest recent recovery.
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News and Media
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