The Indian Railways is expected to pay Rs 100 crore to Premier Ltd for acquiring 26 acres of land owned by the Mumbai-based company for the proposed 'Dedicated Freight Corridor'.
Premier Ltd has rallied 14% to Rs 149 after the Securities and Exchange Board of India (SEBI) passed an order disposing off the show-cause notice issued to Premier Automobiles Ltd (PAL) for violation of the takeover regulations in the alleged transfer of