Canara Bank after market hours on Thursday, 20 March 2014, said that as per the powers delegated by the board of the bank, the Bond Committee has decided to raise additional capital of Rs 1000 crore through issue of BASEL-III complaint Tier-II Bonds (Series-II). The bank has received reaffirmation of rating "AAA/Stable" (pronounced 'CRISIL Triple A rating with Stable Outlook') from CRISIL and confirmation of rating '[ICRA] AAA (hyb)' (Pronounced ICRA Triple A Hybrid with Stable Outlook) from ICRA for the proposed issue of the bonds, Canara Bank said.
Infosys announced that Mr. Chandra Shekar Kakal, Senior Vice President & Member of the Executive Council has conveyed his intention to resign from the services of the company.
The National Stock Exchange of India (NSE) said it will exclude futures and options (F&O) contracts of GlaxoSmithKline Consumer Healthcare with effect from 30 May 2014. The existing unexpired contracts of expiry months March 2014, April 2014 and May 2014 would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months, NSE said.
Financial Technologies (India) (FTIL) after market hours on Thursday, 20 March 2014, in a clarification issued to the exchanges with regard to news items titled "SEBI orders FTIL to sell Shares in MCX-SX and other bourses" and "FT looking for buyer in Mauritius Biz?" said that FTIL's legal team is examining the SEBI Order and the company will take appropriate steps as suggested by the lawyers in due course of time.
Meanwhile, Multi Commodity Exchange of India (MCX) in its clarification to news item titled "SEBI orders FTIL to sell Shares in MCX-SX and other bourses" said that the company is in no way concerned, associated or connected with the contents of the said article. Accordingly, the company would not like to comment on the said news article, it added.
Unity Infraprojects after market hours on Thursday, 20 March 2014 said that its board of directors will meet on 25 March 2014, to consider & approve to make an application to Reserve Bank of India (CDR Cell) under CDR.
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KPR Mill after market hours on Thursday, 20 March 2014, said that at the company's processing unit situated at SIPCOT, Perundurai, Erode, an accident occurred on Tuesday, 18 March 2014. Consequently its activities have been temporarily discontinued. The company is taking adequate steps to restore its normalcy. However this will not have material impact on the overall performance of the company, KPR Mill said.
Neuland Laboratories' board of directors at its meeting held on Thursday, 20 March 2014, approved re-appointment of Dr. D. R. Rao as the Chairman and Managing Director (CMD) of the company, for a further period of 5 years with effect from 1 April 2014, subject to the approval of the shareholders.
Emami Paper Mills after market hours on Thursday, 20 March 2014 said that a meeting of the members of the preference share committee of the company has been convened on 28 March 2014 to consider the applications received from the promoters and allotment of the cumulative redeemable non-convertible preference shares on preferential basis.
Claris Lifesciences after market hours on Thursday, 20 March 2014, announced buyback of equity shares of the company from its shareholders through tender offer. The company would buyback upto 92.50 lakh fully paid up equity shares of face value of Rs 10 each at Rs 250 per fully paid up equity share for an aggregate maximum amount of Rs 231.25 crore on a proportionate basis through the tender offer process.
With regard to motive behind buyback of shares, Claris Lifesciences said that subsequent to the sale of the company's infusion business for India and emerging markets to Claris Otsuka (joint venture) wherein Otsuka Pharmaceutical Factory, Inc., Japan, Mitsui & Co., Japan and Claris Lifesciences are shareholders for 60%, 20% and 20% respectively, the board of directors of Claris Lifesciences at its meeting held on 7 January 2014 considered various alternatives for rewarding the equity shareholders. After considering several factors and benefits to the equity shareholders, the board decided to recommend share buyback, Claris Lifesciences said in its buyback offer document.
The promoters and promoter entities currently held 60.21% stake in Claris Lifesciences.
Jain Irrigation Systems said that the Securities Issuance Committee of Directors met on Thursday, 20 March 2014 and allotted 75 lakh ordinary equity shares of Rs 2 each at a issue price (including premium) of Rs 86.30 per share arising out of exercise of option attached to 75 lakh equity warrants of Rs 86.30 each issued on 21 September 2012. The ordinary shares allotted upon conversion of share warrants shall rank paripassu with the existing equity shares of the company in all respects, Jain Irrigation Systems said.
Mercator after market hours on Thursday, 20 March 2014 said that it has acquired one 1992 built Very Large Gas Carrier (VLGC).
Kokuyo Camlin's board of directors at its meeting held on Thursday, 20 March 2014, approved to exit from non core business of pre-school by divesting entire holding in its 100% subsidiary Camlin AlphaKids by way of sale of shares to Mr. Dilip Dandekar and his family members including his Associate companies, who hold 5.38% shares in Kokuyo Camlin out of the total promoter & promoter group holding of 74.98%.
GMM Pfaudler's board of directors at its meeting held on Thursday, 20 March 2014, approved proposal for expansion of company's existing manufacturing facilities.
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