Bank of Baroda after market hours yesterday, 26 November 2014 said that it has decided to raise funds by way of private placement of AT-1 Bonds (Basel lll Compliant- Tier l) of Rs 1000 crore with a green shoe option of additional Rs 500 crore, limiting the aggregate issue size up to Rs 1500 crore.
With respect to the news media report titled, "JSPL scraps $10 billion CTL project in Odisha", Jindal Steel & Power (JSPL) after market hours yesterday, 26 November 2014, clarified that it planned to implement Coal to Liquid (CTL) project to produce crude using environment friendly Indirect Coal Liquification under the technology developed in Germany for which Ramchandi Promotional Coal Block in Orissa was allotted to the company by Government of India in 2009. Since the coal block has been de-allocated as per the recent Supreme Court verdict, this project, as planned, will not proceed, the company said.
Rane Holdings (RHL), the holding company of the Chennai based Rane Group, an acknowledged leader in the manufacture of auto components in the country, has enhanced its equity shareholding to 45.24% in SasMos HET Technologies (SasMos), a Bangalore based company, engaged in the manufacture of interconnection system and wiring harness for defence and aerospace industry. During September 2011, RHL had acquired 26% in the equity share capital of SasMos. The current further acquisition of 19.24% in SasMos is from Lumipol International B. V., a Netherland based company. RHL believes this to be a significant step towards enhancing its presence in the defence and aerospace sector.
Westlife Development will be watched. Hardcastle Restaurants (HRPL), a Master Franchisee for West & South India operations of McDonald's Restaurants and a subsidiary of the BSE listed Westlife Development, announced the launch of its first restaurant at Nadiad and 24th in the state of Gujarat. McDonald's Gold Standard Drive-Thru restaurant is strategically located on the State highway that connects Kheda district to Baroda via Anand on the College Road near Aadhar retail, Nadiad to serve customers from the city as well as nearby localities. The restaurant is spread over an area of 3700 square feet (sq. ft.) and can seat up to 138 guests also has a dedicated area for birthday party celebrations. The restaurant will welcome customers daily between 10 a.m. to 11.00 p.m. and offer convenient parking facility of over 20 car parks for those who opt to dine-in as against using the drive-thru.
Indiabulls Housing Finance said it allotted 20,900 equity shares of face value Rs 2 each, upon conversion of warrants. Consequently, the paid-up equity share capital of the company stands increased to Rs 71.02 crore divided into 35.51 crore equity shares of face value Rs 2 each.
Hinduja Global Solutions has achieved Capability Level 5 certification of eSourcing Capability Model for Service Providers v2.01 (eSCM-SP v2.01) for all its sites in India, Philippines and US. Capability Level 5 is the highest level which a service provider can reach under this evaluation. HGS is the first service provider to be eSCM-SP certified in the Philippines, and the first in the United States to have acquired eSCM-SP Capability Level 5 certification.
Sagar Cements said that a formal share purchase agreement has since been signed with all the shareholders of BMM Cements to pave way for the acquisition of the entire shareholding in the said company in due course, subject to fulfillment of the various conditions contained in the said share purchase agreement.
Also Read
Torrent Power after market hours yesterday, 26 November 2014 said that Torrent Energy (TEL), a wholly owned subsidiary of Torrent Power has successfully completed the technical commissioning of nearly 1,200 MW gas based DGEN Mega Power Project at Dahej SEZ, District Bharuch, Gujarat on 26 November 2014. The Project is awaiting the availability of gas at affordable prices to serve the electricity consumers effectively, Torrent Power said.
Kopran after market hours yesterday, 26 November 2014 said that the Corporate Affairs Committee on authorization of Board of Directors met on 26 November 2014, to finalise the allotment of equity shares and warrants. After due consideration of the application received, with the terms of issue and in compliance with SEW ICDR Regulations 2009 and any amendment thereof, the committee has allotted 20.50 lakh equity shares of face value Rs 10 at a premium of Rs 56 each and 21.50 lakh warrants at Rs 66 each to be converted in equity shares of face value of Rs 10 at a premium of Rs 56 to Oricon Properties, a promoter group company.
Powered by Capital Market - Live News