Ashok Leyland has completed the sale of the residual section of one of its residential properties at Chennai as part of its strategy to sell non-core assets. With this transaction, the sale of the entire property stands completed, for a total consideration of Rs 210 crore, the proceeds of which has since been received by the company fully.
Just Dial said its board has decided to explore business opportunities in global markets. The board also approved acquisition of Just Dial Inc. from Just Dial Global. Further, the board has also decided to seek approval of shareholders for increasing the limit on aggregate shareholding of Foreign Institutional Investors/Foreign Portfolio Investors in the company from existing 49% to 75% of the paid-up equity share capital of the company.
IRB Infrastructure Developers said that on 19 August 2014, Prime Minister Narendra Modi laid foundation stone of the project of four laning of Kaithal - Rajasthan border section of NH-152/65 from km 33.250 to km 241.580 (design length 166 km) in the state of Haryana to be executed as BOT (Toll) on DBFOT Pattern under NHDP Phase - IV (the "project"). IRB has won the project on viability funding basis in May 2014 and executed concession agreement on 23 June 2014. The project is on DBFOT pattern. The estimated project cost of the company is approximately Rs 2300 crore. The concession period for the same is 27 years. Construction period is 910 days. IRB has sought Rs 234 crore viability gap funding from NHAI. With this project, IRB expands its base in 7th state viz. Haryana.
Karur Vysya Bank on Tuesday, 19 August 2014, initiated a share sale process to raise Rs 1000 crore from institutional placement. The board of the bank approved the opening of the qualified institutional placement (QIP), Karur Vysya Bank said in a statement. Earlier, the bank secured shareholders approval for raising up to Rs 1000 crore through QIP. The floor price for the QIP is Rs 461.70 per equity share.
Eros International Media said its on-demand entertainment portal Eros Now has acquired world wide rights of Zee TV shows. The partnership would allow Eros Now to showcase Zee's television content ranging from serials and soaps to reality shows, Eros said in a statement.
Commenting on the development, Eros Now CEO R L Singh said: "Partnership with a leading television player like Zee for compelling content is a natural step to providing the very best of Indian entertainment to our consumers worldwide. We are very excited to bring these shows to the platform and are confident this content will be enjoyed worldwide."
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Zee Entertainment Enterprises MD & CEO Punit Goenka said: "It is a logical extension for us to make our popular programme available on leading online provider. By partenering with Eros Now, we hope to capture viewer from around the world with the best shows from Zee's library." Established in 2012, Eros Now is a video on demand portal of the group. It has Eros film library along with third party content.
The board of Southern Ispat and Energy will meet on 20 August 2014, to finanlise the record date for the subdivision of shares of the company.
The board of Jammu & Kashmir Bank has fixed 5 September 2014 as the record date for purpose of sub division of each equity share of the face value of Rs 10 into ten equity shares of Re 1 each.
Aurionpro announced that it has entered into a distributor and implementation partner agreement with Middle East industry leader and tracking technology innovator TrackIT Solutions, LLC. Under the terms of the agreement, TrackIT will provide sales support and implementation services of select Aurionpro offerings, including Aurionpro's SCMProFit suite, a leading supply chain management platform.
Grasim Industries turns ex-dividend today, 20 August 2014, for dividend of Rs 21 per share for the year ended 31 March 2014.
Lovable Lingerie turns ex-dividend today, 20 August 2014, for an interim dividend of Rs 12.50 per share for the year ending 31 March 2015.
Pilani Investment and Industries Corporation turns ex-dividend today, 20 August 2014, for dividend of Rs 25 per share for the year ended 31 March 2014.
BEML turns ex-dividend today, 20 August 2014, for dividend of Re 1 per share for the year ended 31 March 2014.
Linc Pen & Plastics turns ex-dividend today, 20 August 2014, for dividend of Rs 2 per share for the year ended 31 March 2014.
Career Point turns ex-dividend today, 20 August 2014, for dividend of Re 1 per share for the year ended 31 March 2014.
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