Bharti Airtel announced that it has entered into a definitive agreement with American Tower Corporation through its subsidiary company, Airtel Tanzania, for the sale of approximately 1,350 of its communications towers in Tanzania. Under the agreement, American Tower may acquire up to approximately 100 additional sites currently in development for an additional consideration. Airtel will be the anchor tenant on the portfolio under a lease with a ten-year initial term. The tower sale agreements allow Airtel to focus on its core business and customers, besides helping deleverage through debt reduction, and significantly reducing the on-going capital expenditure on passive infrastructure. The transaction is expected to close during the first half of 2016, subject to customary closing conditions and regulatory approval, Bharti Airtel said. The announcement was made after market hours yesterday, 21 March 2016.
NTPC announced that the unit-I of 250 megawatts (MW) of Nabinagar Thermal Power Station of Bhartiya Rail Bijlee Company, a subsidiary company of the company has been commissioned on 20 March 2016. With this, the total installed capacity of NTPC group has become 45,798 MW. The announcement was made after market hours yesterday, 21 March 2016.
Adani Ports & Special Economic Zone (APSEZ) turns ex-dividend today, 22 March 2016 for interim dividend of Rs 1.10 per share for the year ending 31 March 2016 (FY 2016).
Persistent Systems announced plans to organize its business around four key growth strategies viz. Digital, IBM Alliance, Services and Accelerite. Unique to Persistent, the company's product development and technology DNA drive all four growth strategies, the company said. The new structure along with new leadership responsibilities will be effective 1 April 2016, it added. Persistent Systems said it also plans to strengthen its corporate functions as part of corporate operations that will enable and accelerate the four growth strategies. Atul Khadilkar will be the President for corporate operations, it added. The announcement was made after market hours yesterday, 21 March 2016.
Jain Irrigation Systems announced that a meeting of the securities issuance committee-1 of board of directors of the company is scheduled to be held on Thursday, 24 March 2016 to consider allotment of 1.41 crore ordinary equity shares of Rs 2 each cash at a premium of Rs 78 each in conversion of 1.41 crore equity warrants of Rs 80 each allotted to promoter group entity JAF Products, on preferential allotment basis. The announcement was made before market hours today, 22 March 2016.
Tata Global Beverages announced that it has yesterday, 21 March 2016, sold 92.48 lakh equity shares of Re 1 each held in Titan Company (TCL) constituting 1.04% of the paid-up equity capital of TCL as a market transaction. The announcement was made before market hours today, 22 March 2016.
Kesar Petroproducts announced that a meeting of the board of directors of the company will be held on 25 March 2016, inter alia, to consider and allot equity shares upon conversion of warrants earlier issued on preferential basis. The announcement was made after market hours yesterday, 21 March 2016.
More From This Section
Allcargo Logistics said that a meeting of the resource raising committee of the company will be held on 28 March 2016, inter-alia, to consider and approve mode of raising of funds upto Rs 300 crore by issue of permitted securities and seek approval of shareholders of the company. The announcement was made after market hours yesterday, 21 March 2016.
Coffee Day Enterprises said that the board of directors of the company at its meeting held yesterday, 21 March 2016, inter alia, approved draft disclosure documents for issue of rated, unlisted, secured, redeemable, non-convertible debentures of Rs 265 crore on private placement basis. The announcement was made after market hours yesterday, 21 March 2016.
Canara Bank announced that the board of directors of the company at its meeting held yesterday, 21 March 2016, permitted the bank to raise capital of Rs 3000 crore through issue of Basel-III compliant Tier II bonds by way of private placement at a coupon rate as decided by the bond committee of the bank to support the asset growth and maintain comfortable level of CRAR. The announcement was made after market hours yesterday, 21 March 2016.
Excel Industries said that a meeting of the board of directors of the company will be held on 28 March 2016, inter alia, to consider the proposal for buyback of fully paid equity shares of the company. The announcement was made after market hours yesterday, 21 March 2016.
Borosil Glass Works announced that it has made an investment of Rs 22 crore by way of subscription in 6% optionally convertible non-cumulative redeemable preference shares in Hopewell Tableware, its unlisted wholly owned subsidiary. The announcement was made after market hours yesterday, 21 March 2016.
Indoco Remedies announced that it has received the Establishment Inspection Report (approval) from US Food and Drug Administration (USFDA) for its solid dosages manufacturing facility at Goa (plant I). The announcement was made after market hours yesterday, 21 March 2016.
Powered by Capital Market - Live News