LIC has lodged an appeal with the GST Appellate Authority in Tamil Nadu, challenging a demand for GST payment totaling Rs 104 crore for the fiscal year 2019-20. The appeal also addresses an interest charge of Rs 45 lakh and a penalty of Rs 11 crore imposed by the authorities.

Integrated Proteins has taken a significant step by issuing and allotting up to 2 crore convertible equity warrants on a preferential basis to a non-promoter entity in the public category. This move is expected to raise cash consideration of Rs 11.25 per warrant, indicating the company's strategy to enhance its capital structure.

These developments are set to impact trading activities as investors closely monitor the implications for both companies in the stock market.