Adani Ports & Special Economic Zone said that its finance committee approved the issuance of fixed rate senior unsecured notes aggregating $500 million and has approved the pricing tenure and other terms of the note. The notes will mature on 30 July 2017. The announcement was made after market hours yesterday, 22 June 2017.
HDFC has executed a subscription agreement with International Finance Corporation (IFC), Washington whereby IFC would subscribe to the rupee denominated bonds to be issued overseas by the company upto an amount of Rs 1300 crore, subject to the approval of the Reserve Bank of India. The announcement was made after market hours yesterday, 22 June 2017.
V-Mart Retail has opened two stores in the State of Uttar Pradesh and Madhya Pradesh. With this, the total number of stores increases to 148 stores. The announcement was made after market hours yesterday, 22 June 2017.
La Opala RG announced that suspension of activities at the company's Madhupur plant has been lifted, following an amicable settlement with the Workers Union on 21 June 2017. The operations at the plant are expected to resume gradually on a planned basis, which will reach full normalcy by 10 July 2017. The announcement was made after market hours yesterday, 22 June 2017.
Quess Corp has signed the definitive agreements to acquire 46% equity in Heptagon Technologies, on 21 June 2017. The transaction entails a cash consideration of Rs 9.77 crore.
Separately, Quess Corp announced that on 21 June 2017 Quesscorp Holdings, wholly owned subsidiary of the company has entered into definitive agreement to acquire 51% shareholding in Comtel Pro, a private limited company incorporated under the laws of Singapore. The announcement was made after market hours yesterday, 22 June 2017.
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Shriram EPC announced that it has won multiple orders under its water management business amounting to Rs 165 crore. The announcement was made after market hours yesterday, 22 June 2017.
The first order amounting to Rs 83.37 crore from City Corporation Davanagere, involves designing, building and improving bulk water supply for 24X7 water supply to Davanagere city and O&M of the Bulk Water Supply Scheme for 3 months. The ADB funded project is to be executed over a period of 30 months with 3 months for O&M.
The second order amounting to Rs 82.56 crore from Tamil Nadu Water Supply & Drainage Board (TWAD Board) entails implementation of Water supply scheme in Hosur Municipal Corporation, Krishnagiri district. The order is to be executed over a period of 24 months.
Sakthi Sugars announced that consequent to issue and allotment of further equity shares by Sakthi Auto Component (SACL) Associate Company, the Company's shareholding in the share capital of SACL stands reduced from 25.93% to 22.67%. The announcement was made after market hours yesterday, 22 June 2017.
Separately, Shakti Sugar had given corporate guarantee for the loan availed by Orlandofin BV, Netherlands, erstwhile wholly owned subsidiary of the Company, amounting to EUR 40 million. As this loan has been fully settled by the borrower, the corporate guarantee given by the Company has been released and discharged.
Mindtree proposes to buyback equity shares of the Company. The Board will consider the proposal on 28 June 2017. The announcement was made after market hours yesterday, 22 June 2017.
Indiabulls Real Estate said that the company proposes to issue secured, redeemable, non-convertible debentures of face value Rs 10 lakh each aggregating Rs 500 crore, on a private placement basis. The announcement was made after market hours yesterday, 22 June 2017.
EID Parry India said that Parry Nutraceuticals (a division of EID Parry and part of the Murugappa Group) has forged a partnership with Synthite Industries, to apply proprietary patented technologies for extraction of Phycocyanin, a natural blue pigment found in Spirulina. The announcement was made after market hours yesterday, 22 June 2017.
Natural Blue is one of the Primary colours, which is difficult to master and has very limited sources that are acceptable by regulatory bodies. Phycocyanin (Extracted from Spirulina) is approved by all major regulatory bodies in USA, EU, Japan and South Korea as food colour. Moreover Phycocyanin offers excellent stability and flexibility for application in a variety of food and beverages. Spirulina is being consumed for many decades as a health supplement and is proven safe. Therefore huge growth is expected in the natural food colours segment mainly driven by the consumer's demand for clean labels and favourable regulations.
Synthite Industries, with its strong global presence in the natural colour segment, will focus on this market, while Parry Nutraceuticals will continue catering to the Human nutrition segment.
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