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Time of India
4 days ago
- Business
- Time of India
MakeMyTrip Plans Major Share Repurchase to Reduce Chinese Ownership, ET TravelWorld
Advt MakeMyTrip raises US$200m to meet working capital and future growth requirements According to a company statement, MMT had to upsize the deal from the initially announced $175 million to $200 million taking into account the very high demand for the zero coupon bond See More Details Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETTravelWorld industry right on your smartphone! Download the ETTravelWorld App and get the Realtime updates and Save your favourite articles. Travel booking major MakeMyTrip has announced a fundraise of over USD 2.5 billion through the sale of shares and convertible bonds with the objective of significantly reducing China-based Group's stake in the company, according to filings with Gurugram-headquartered NASDAQ-listed firm plans to use the net proceeds from the offering, as well as from the Concurrent Notes Offering, to repurchase a portion of its Class B shares previously acquired by the move comes in the backdrop of calls for minimising business relations with companies and investors from countries like China and Turkey, which are seen as supporters of Pakistan, following last month's India-Pakistan military travel agency EaseMyTrip's founder Nishant Pitti had last month turned up the heat on MakeMyTrip over the alleged Chinese ownership of the latter, saying 5 out of its 10 board of directors have direct ties to successful execution of the share repurchase exercise, total voting power in the company is reduced from 45.34 per cent to 19.99 per cent, and its board nomination rights will be reduced from five directors to two, in accordance with the Terms of Issue, MakeMyTrip the NASDAQ filing, the company also informed that it is offering 14,000,000 ordinary shares, par value USD 0.0005 per share, in this offering."Concurrently with this offering, we are offering, USD 1.25 billion aggregate principal amount of convertible senior notes, plus up to USD 187.5 million aggregate principal amount of our convertible senior notes if the initial purchasers in the convertible notes offering exercise in full their option to purchase additional convertible senior notes, which we refer to as the Concurrent Notes Offering," it Class B shares have the same rights and preferences as the ordinary shares except as specifically set forth in the Terms of Issue governing the Class B shares, or the Terms of Issue."As of March 31, 2025, beneficially owned 100 per cent of our issued and outstanding Class B Shares and 15.05 per cent of our aggregate ordinary shares and Class B shares, together representing an aggregate of 45.34 per cent of the total voting power in our company," MakeMyTrip June 16, 2025, MakeMyTrip entered into a share repurchase agreement with pursuant to which the latter has agreed to sell, and the former has agreed to purchase, a portion of the Class B shares at a price per share equal to the public offering price of each ordinary share, after deducting underwriting discounts and commissions.
Business Wire
4 days ago
- Business
- Business Wire
Teradata Grants Inducement Awards to New Chief Administrative Officer Pursuant to NYSE Rule 303A.08
SAN DIEGO--(BUSINESS WIRE)--Teradata Corporation (NYSE: TDC) today announced that the Compensation and People Committee of the Teradata Board of Directors has granted certain equity awards to its new Chief Administrative Officer, Scot Rogers, with such grants effective June 13, 2025 (the 'Grant Date'). The awards were made pursuant to Teradata's previously announced 2025 New Employee Stock Inducement Plan ('NESIP') and as a material inducement to Mr. Rogers joining Teradata as Chief Administrative Officer. The inducement awards granted to Mr. Rogers were for a new hire grant of service-based restricted share units ('RSUs') (which vest in equal annual installments on the first, second and third anniversaries of the Grant Date), an annual grant of service-based RSUs (which vest in equal annual installments on the first, second and third anniversaries of the Grant Date), and an annual grant of performance-based RSUs (which are subject to a three-year performance period commencing January 1, 2025 and achievement of the same performance goals applicable to other senior executives of Teradata) (the 'Inducement Grants'). The aggregate number of shares of Teradata common stock, par value $0.01 per share ('Shares'), granted under the NESIP for the Inducement Grants was 229,316 Shares. The Inducement Grants are subject to accelerated vesting provisions provided in Teradata's Executive Severance Plan, Change in Control Plan, and the NESIP. The Inducement Grants were all granted under the NESIP in reliance on the employment inducement exemption under the NYSE's Listed Company Manual Rule 303A.08, which requires public announcement of inducement awards. Pursuant to the requirements of that rule, Teradata is issuing this press release. About Teradata At Teradata, we believe that people thrive when empowered with trusted information. We offer the most complete cloud analytics and data platform for AI. By delivering harmonized data and trusted AI, we enable more confident decision-making, unlock faster innovation, and drive the impactful business results organizations need most. See how at The Teradata logo is a trademark, and Teradata is a registered trademark of Teradata Corporation and/or its affiliates in the U.S. and worldwide.
IOL News
13-06-2025
- Sport
- IOL News
Bafana Bafana poised to conquer Comoros in COSAFA Cup semi-final
Boitumelo Radiopane Bafana Bafana striker Boitumelo Radiopane said the team needs to be more clinical in front of goal. The 2025 COSAFA Cup has been a rollercoaster journey for Bafana Bafana. Still, with renewed hope, they are set to face Group D winners Comoros in the semi-finals on Friday at Free State Stadium (starting at 6pm). Despite a shaky start, the South African side is eager to reclaim its spot at the top of regional football, aiming for a sixth title in this tournament. Bafana Bafana's path to the semi-finals has not been without its challenges. After a disappointing 0-1 loss to Mozambique in their opening match, the team, coached by Veli Khumalo, rallied back with a commanding 2-0 victory over Zimbabwe. They followed up with a resilient 0-0 draw against Mauritius, which secured their progression from Group A. With four points under their belt, they finished atop the group, demonstrating their capacity to bounce back from adversity. On the other hand, Comoros enters this clash with momentum and confidence. Despite being the third smallest country in Africa by area and having a population of less than a million, they have proven to be a formidable opponent. Under coach Hamada Jambay, Comoros topped Group D and delivered an impressive performance by defeating previous winners, Zambia, 1-0, before neutralising Botswana in a goalless draw to confirm their place in the semi-finals. Bafana Bafana will aim to return to the COSAFA Cup final for the first time since 2021 and also to affirm their dominance in the competition. While they have never faced Comoros in this tournament, historical encounters during CHAN qualification in 2022 saw South Africa edge through with a 1-0 aggregate victory over two legs. However, with Comoros' evident growth, marked by their qualification for the AFCON in 2021 and their fourth-place finish in the 2024 COSAFA Cup, this encounter promises to be their most challenging yet. Comoros' assertive defensive performance, with the unique distinction of being the only team yet to concede in this year's competition, stands as a significant threat to Bafana Bafana's attacking ambitions. This solid rear-guard will undoubtedly test the South African side's mettle and ingenuity. Bafana Bafana striker Boitumelo Radiopane said the team needs to be more clinical in front of goal. Despite topping Group A, Radiopane bemoaned the missed opportunities that could have made their path smoother. The young striker is confident that the team has learned from those moments and is ready to deliver when they face Comoros. 'We tried every day to finish the chances we get in training because that is where the work starts. I am happy with the group of players that I'm surrounded with because we all want to reach the same goal, which is to win and to win, we must score as many goals as we can,' he said. 'All I can say regarding our decision-making in front of the goals is that we need to be calm and not be selfish at some point, and if I'm not in a good position to score I just have to give it to the next player who is in the better position and to win the game for us. The only way to reward our defence is to score for them because they are doing everything well and everything they can for the opposition not to strike at us'.
India.com
11-06-2025
- Business
- India.com
SBI Clerk Mains Result 2025: JA Exam Results Declared At sbi.co.in- Check Direct Link, Steps To Download Here
SBI Result 2025: The State Bank of India has announced the SBI Clerk Mains Result 2025. Candidates who appeared for the Junior Associates (Customer Support and Sales) mains examination can check and download their results from the official SBI website at The SBI Clerk Mains Exam 2025 was held on April 10 and 12 at various exam centres nationwide. Additionally, results for the SBI Clerk Mains 2025 exam for the Ladakh UT (including Leh and Kargil Valley under the Chandigarh Circle) have also been released. Through this recruitment drive, SBI aims to fill a total of 13,735 Junior Associate posts across India. SBI Result 2025: Steps to download here Visit the official SBI website at and navigate to the Careers section. Under the Current Openings tab, select the link for Junior Associates. Click on the result link for the Mains examination. Log in using your credentials. View and download your SBI Clerk Mains Result. The mains examination was held on April 10 and 12, 2025, at multiple centres nationwide. The exam comprised 190 questions with a total of 200 marks. It covered sections such as General/Financial Awareness, General English, Quantitative Aptitude, Reasoning Ability, and Computer Aptitude. A penalty of 1/4th mark will be applied for each incorrect answer. Candidates are required to obtain a minimum overall percentage of marks to qualify. A relaxation of 5 percent in the aggregate marks is applicable for SC, ST, OBC, PwBD, XS, and DXS categories. The bank will determine the minimum qualifying aggregate marks. There are no minimum marks specified for individual sections, and section-wise scores will not be recorded.
Yahoo
06-06-2025
- Business
- Yahoo
TARGA ANNOUNCES CLOSE OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $2.6M
/NOT FOR DISSEMINATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES./ CSE: TEX | OTCQB: TRGEF | FRA: V6Y VANCOUVER, BC, June 6, 2025 /CNW/ - Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) ("Targa" or the "Company") today announced that, further to the Company's news release dated May 13, 2025, it has closed its previously announced private placement for aggregate gross proceeds of approximately C$2,611,200 (the "Offering"). "I'd like to thank our investors, both new and old, for supporting Targa in this financing round," commented Targa CEO, Cameron Tymstra. "We are now fully funded to properly test the exciting gold target at Opinaca with the first ever drill program on the project. We are very pleased to be working closely with the technical team at Kenorland Minerals again this year who will continue to act as Project Operator for us at Opinaca. Airborne geophysics are underway, the results of which are expected to help with drill targeting on the 7km-long gold target trend. Drill permits will soon be applied for with a goal of drilling in Q3 of this year. Targa is now fully focused on making a new gold discovery at our 100%-owned Opinaca project." Pursuant to the closing of the Offering, the Company issued an aggregate of 6,650,200 hard dollar common shares of the Company (each an "HD Share") at a price of $0.10 per HD Share, 1,959,001 flow-through shares of the Company (each, an "FT Share") at a price of $0.12 per FT Share and 12,050,000 charity flow-through shares of the Company (each, a "CFT Share" and together with the HD Shares and the FT Shares, the "Shares") at a price of $0.142 per CFT Share. Each FT Share and CFT Share will qualify as a "flow-through share" pursuant to subsection 66(15) of the Income Tax Act (Canada) ("Tax Act"). The net proceeds of the sale of the HD Shares will be used for the exploration of the Company's Opinaca gold project and for working capital purposes. The gross proceeds from the sale of the FT Shares and CFT Shares will be used to incur eligible "Canadian exploration expenses" in Quebec that qualify as "flow-through mining expenditures" as such terms are defined in the Tax Act. The Company has agreed to renounce such qualifying expenditures with an effective date of no later than December 31, 2025, in an amount of not less than the total amount of the gross proceeds raised from the sale of the FT Shares and CFT Shares, and incur such expenses by December 31, 2026. In connection with the Offering, the Company paid finders fees of an aggregate of $104,400 in cash and issued an aggregate of 1,024,000 finders warrants of the Company (the "Finders Warrants") to certain eligible arm's length finders. Each Finders Warrant entitles the finder to purchase one common share of the Company (a "Finder Warrant Share") at a price of $0.25 per Finder Warrant Share until June 6, 2027. All securities issued pursuant to and in connection with the closing of the Offering, including Finder Warrant Shares issuable upon the exercise of Finder Warrants, are and will be subject to a hold period expiring October 7, 2025. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction. About the Opinaca Gold Project The Opinaca Project is located in the James Bay region of Quebec, approximately 45km south of the all-season Trans-Taiga Road and 140km northeast of the Eleonore gold mine. The Opinaca Project covers 85,267 contiguous hectares of the Opinaca geological sub-province, dominantly a metasedimentary region with neoarchean-aged igneous intrusions including of the Vieux Comptoir suite of granites. Till sampling and prospecting work in 2023 and 2024 has identified a 7km-long gold target trend near the center of the project. Boulder sampling in 2024 returned a dozen boulders with anomalous (>0.1g/t) gold values, including up to 6.7g/t Au. Qualified Person The disclosure of scientific and technical information contained in this news release has been reviewed and approved by Adrian Lupascu M. Sc. Exploration Manager of Targa Exploration Corp., who is a "qualified person" within the meaning of National Instrument 43 -101- Standards of Disclosure for Mineral Projects. About Targa Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) is a Canadian exploration company engaged in the acquisition, exploration, and development of gold mineral properties with headquarters in Vancouver, British Columbia. Targa's principal asset is it's Opinaca Gold Project where a significant gold-in-till anomaly has been identified over a strike length of 7km. Contact Information: For more information and to sign-up to the mailing list, please contact: Cameron Tymstra, CEO and PresidentTel: 416-668-1495Email: cameron@ SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS This news release includes certain "Forward‐Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward‐looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "proposed", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: obtaining the required regulatory, exchange, and board approvals; receipt of exploration permits; timing of exploration programs; the proposed use of proceeds of the Offering; the tax treatment of the FT Shares and CFT Shares; the renouncement of applicable expenditures; and the exploration and development of the Company's properties. Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Targa, future growth potential for Targa and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of gold and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Targa's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. These statements reflect Targa's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information and Targa has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: price volatility of gold and other metals; risks associated with the conduct of the Company's mineral exploration activities in Canada; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in Targa's management discussion and analysis and other public disclosure documents. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although Targa has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Targa does not intend, and does not assume any obligation, to update these forward‐looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Targa Exploration Corp. 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