Rajendra Kamalakant Chodankar has become a billionaire after RRP Semiconductor’s stock skyrocketed over 72,000% in 18 months, hitting ₹10,887 and valuing the firm above ₹14,000 crore. Holding 74.5% of the company, Chodankar’s stake is worth over ₹11,000 crore — yet he is curiously listed as a retail shareholder, not a promoter.
Union Bank of India approves plan to raise up to Rs 20,000 crore via long-term bonds
Union Bank of India will raise funds through bond issuances. The bank’s committee approved long-term bonds worth twenty thousand crore rupees for infrastructure and affordable