Bank and auto stocks will be in focus ahead of Reserve Bank of India (RBI)'s fourth bi-monthly monetary policy review due today, 30 September 2014.
IDFC after trading hours yesterday, 29 September 2014, announced the signing of a share purchase agreement with real estate funds managed by Blackstone for the sale of 100% stake of IDFC in its subsidiary companies namely Galaxy Mercantiles (an IT park in Noida) and Neopro Technologies (a SEZ in Pune).
BPL after trading hours yesterday, 29 September 2014, announced that the board of directors of the company has approved disinvestment of 11.54 crore equity shares of Rs 10 each in Bharat Energy Ventures. These shares are held as investment by BPL. The shares will be sold at a fair value of Rs 10 each to Electronic Research Private Limited, BPL said.
CESC after trading hours yesterday, 29 September 2014, said it is seeking approval of shareholders in the upcoming Annual General Meeting (AGM) on 18 October 2014, for raising funds. The company proposes to raise upto $150 million or rupee equivalent thereof by issue of shares to qualified institutional buyers (QIBs), institutions, banks, mutual funds, bodies corporate and or other investors as may be decided by the board of directors of the company. The funds will be used for normal business operations, ongoing and future expansion projects and general corporate purposes, CESE said.
IndusInd Bank after trading hours yesterday, 29 September 2014, announced the inauguration of its first Digital Branch at IndusInd Cybercity Rapid Metro Station, Gurgaon. The bank's fully digital branch aims to deliver best-in-class services to its growing tech savvy customer base, IndusInd Bank said in a statement.
V-Mart Retail after trading hours yesterday, 29 September 2014, announced the opening of a new store at Hirapur, Dhanbad, Jharkhand. The store is spread in an area of 8,316 sq. ft. The company also said that it has re-launched an existing store located at Sonagiri in Bhopal, Madhya Pradesh. V-Mart Retail now has 98 stores in 85 cities across 12 states with a total area of 7.93 lakh sq. ft.
More From This Section
Financial Technologies (India) after trading hours yesterday, 29 September 2014, said that the transaction relating to sale of its 15% equity stake in Multi Commodity Exchange of India (MCX) to Kotak Mahindra Bank (KMBL) has been completed. Earlier, KMBL had announced the completion of the transaction during trading hours on that day.
Tata Motors after trading hours yesterday, 29 September 2014, announced the appointment of Mr. Mayank Pareek as President, Passenger Vehicle Business Unit (PVBU) of Tata Motors. He will join the company on Wednesday, 1 October 2014, and will take over from Mr. Ranjit Yadav, who will now head the International Business for Passenger & Commercial vehicles. As the President, PVBU, Mr. Pareek would be responsible for steering the passenger vehicle business. He will also be a member of the Corporate Steering Committee. His extensive experience in the passenger car market will play a significant role in harnessing Tata Motors' growth potential to help position the company as one of the leading passenger car manufacturers in India, Tata Motors said in a statement.
Strides Arcolab after market hours on Monday, 29 September 2014 said that it has entered into an agreement with GMS Holdings (GMS) whereby GMS will invest $21.90 million for a 25.1% stake in Stelis Biopharma (Stelis), the biotech arm of Strides, to fund its Greenfield project. The transaction is expected to close in Q4 of 2014 and is subject to customary closing conditions, regulatory and corporate approvals, as may be required, Strides Arcolab said.
Jaiprakash Associates after market hours on Monday, 29 September 2014 in a clarification with regard to news item titled "Competition panel orders probe against Jaiprakash Associates" said that it had not been served with a copy of the complaint/petition stated to have been filed by a buyer in company's project Kensington Park at Jaypee Greens, Noida. As and when the company receives a copy of the same or any communication from any Regulator, the same shall be duly responded, Jaiprakash Associates said.
Bhushan Steel after market hours on Monday, 29 September 2014 said that Mr. Neeraj Singal, Vice Chairman and Managing Director of the company who was in judicial custody has been released on bail on 27 September 2014.
Hindustan Motors after market hours on Monday, 29 September 2014 said that subsequent to the approval of the shareholders at the annual general meeting held on 25 September 2014, the board of directors of the company at its meeting held on 29 September 2014, allotted the securities on preferential basis to the lenders (banks and financial institutions) in accordance with approval of corporate debt restructuring empowered group granted at its meeting held on 28 June 2014.
8K Miles Software Services' board of directors at its meeting held on Monday, 29 September 2014, approved to issue convertible warrants to the promoters and other strategic investors on preferential basis, subject to the approval of the shareholders of the company.
Rasi Electrodes after market hours on Monday, 29 September 2014 said that pursuant to the resolution passed by the shareholders at the EGM held on 30 August 2014 and in accordance with Chapter VII of the ICDR Regulations, 2009, at a meeting of the board of directors held on 29 September 2014, allotted 10 lakh convertible warrants on preferential basis to the promoter and non-promoter, with each warrant convertible into one equity share of the company of nominal value of Rs 10 each at a price of Rs 54 which includes a premium of Rs 44 per share. The board also allotted 9.51 lakh equity shares at a price of Rs 54 per equity share (including a premium of Rs 44 per equity share) on preferential basis to the non-promoter group.
Sirpur Paper Mills after market hours on Monday, 29 September 2014 said that due to shortage of inputs, the plant at Sirpur Kagaznagar has been temporarily shut down with effect from 28 September 2014. In view of the same regular maintenance work is in progress, the company said.
GTL Infrastructure after market hours on Monday, 29 September 2014 said that a meeting of the Committee will be held today, 30 September 2014, to consider allotment of equity shares consequent to conversion notice received for conversion of FCCBs at a conversion price of Rs 10 per share, in terms of the Offering Circular dated 17 October 2012.
Powered by Capital Market - Live News