Alstom T&D India said that market regulator Securities and Exchange Board of India (Sebi) has allowed the company's promoters to sell 42,565 shares to maintain the minimum public shareholding requirement of the firm. According to the statement issued by the company, promoters hold 75.0166% of fully paid up share capital of the firm, which exceeds the minimum pubic shareholding threshold of 75%. The announcement was made after market hours yesterday, 16 June 2016.
Sugar stocks will be watched. The government yesterday, 16 June 2016, reportedly imposed 20% customs duty on sugar exports to boost domestic supply and check prices which are ruling high at Rs 40 per kg. The duty has been imposed to restrict exports following sharp rise in global prices. The duty is, however, lower than 25% proposed by the Food Ministry, reports added.
Realty shares will be in focus as the Securities and Exchange Board of India (Sebi) reportedly holds a board meeting today, 17 June 2016. According to reports, the Sebi board is likely to examine a proposal to make Real Estate Investment Trusts (REITs) more attractive to investors by allowing them to invest a large portion of funds in under-construction assets. Besides, REITs may be allowed to have a larger number of sponsors. Further, regulations regarding the minimum public offer size and related party transactions would also be considered, reports added.
United Breweries Holdings (UBHL) announced that seven properties worth Rs 1375.94 crore have been attached by the Enforcement Directorate (ED). UBHL said it has received a provisional attachment order dated 11 June 2016 for the seven properties belonging to it for a period of 180 days, from the date of order, in connection with investigation against the company's promoter Vijay Mallya, Kingfisher Airlines and others under the Prevention of Money Laundering Act, 2002. The company is seeking legal advice in order to take appropriate steps that may be required in this regard, UBHL said in the filing. The announcement was made after market hours yesterday, 16 June 2016.
Public sector lender Oriental Bank of Commerce said the issue of Basel III Compliant Tier 2 Bonds of Rs 10 lakh each for cash at par aggregating to Rs 500 crore with an option to retain oversubscription of upto Rs 500 crore will open for subscription from 17 June 2016 to 22 June 2016. The deemed date of allotment shall be 24 June 2016. The bonds have been rated AA by ICRA & CARE and bear coupon rate of 9.05% per annum. The announcement was made after market hours yesterday, 16 June 2016.
Carborundum Universal will be watched. The Reserve Bank of India (RBI) notified yesterday, 16 June 2016, that the aggregate share holdings in Carborundum Universal by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) have gone below the prescribed threshold caution limit stipulated under the extant Foreign Direct Investment (FDI) policy. Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. Equity shares of Carborundum Universal can now be purchased through primary market and stock exchanges, RBI said.
Kajaria Ceramics said that its board of directors at a meeting held on 16 June 2016, approved the sub-division of the equity shares of the company from Rs 2 each fully paid up to Re 1 each fully paid up. The announcement was made after market hours yesterday, 16 June 2016.
Also Read
Pidilite Industries said that Pidilite International and Pidilite Middle East, wholly-owned subsidiaries of the company, have acquired shares of Nebula East Africa (NEAPL), a company incorporated in Kenya. With this acquisition, the wholly-owned subsidiaries of the company jointly hold 100% of the paid up share capital (which is Kenyan Shillings 100,000) equivalent to approximately $1000 in NEAPL. NEAPL is proposed to be engaged in the business as manufacturers, importers, exporters, buyers, sellers, etc in adhesives, sealants, and all other products used for making or producing adhesives and sealants. The announcement was made after market hours yesterday, 16 June 2016.
Sharon Bio-Medicine said that a meeting of the board of directors of the company will be held on 21 June 2016, to consider and discuss the overall financial viability of the company. The announcement was made after market hours yesterday, 16 June 2016.
Riddhi Siddhi Gluco Biols said that it has contributed Rs 205 crore as partners contribution of 99.95% in Riddhi Siddhi Infraspace, a limited liability partnership firm and also extended guarantee of Rs 80 crore for availing loan by them. The said entity in turn has purchased land & building at Ahmedabad. The announcement was made after market hours yesterday, 16 June 2016.
Powered by Capital Market - Live News