PSU Coal mining major Coal India announced after market hours yesterday, 14 June 2016, that the board of directors of its subsidiary, South Eastern Coalfields (SECL), approved the buyback of 8.46 lakh fully paid equity shares of face value of Rs 1000 each from the members of the company on a proportionate basis through tender offer representing 23.53% of the total number of equity shares in the paid-up share capital of the company. The shares will be bought back for an aggregate amount not exceeding Rs 1200.19 crore with maximum buyback size being upto 25% of the paid-up equity share capital and free reserves as on financial year ended 31 March 2016, at a buyback price of Rs 14,180.57 per share payable in cash.
The National Stock Exchange (NSE) announced that the futures and options (F&O) contracts on NIIT Technologies and Sintex Industries will be available for trading from 1 July 2016. The market lot, scheme of strikes and quantity freeze limit of the securities shall be informed to members on 30 June 2016 through a separate circular.
Bharti Airtel announced after market hours yesterday, 14 June 2016, a new initiative - Open Network - which will display its mobile network coverage and signal strength across India in addition to network site deployment status. The initiative under Project Leap, its national network transformation initiative, sees the company open up its entire mobile network information to its customers through an interactive online interface, said a company statement. The new interface will be available to customers in the website and app from today, 15 June 2016.
Union Bank of India announced after market hours yesterday, 14 June 2016, that the bank intends to raise capital funds through issuance of Tier 2 bonds. In this regard, CRISIL Ratings has assigned 'CRISIL AAA' rating with negative outlook to the bank's proposed Basel III compliant Tier 2 bond issue of Rs 1000 crore. Further, CRISIL has reaffirmed its ratings on other debt instruments i.e. Tier 1 Perpetual Bond Issue (Basel II), Tier 1 Bond Issue (Basel III) & Tier 2 (Basel II & III) at 'CRISIL AAA', 'CRISIL AA' & 'CRISIL AAA' respectively with negative outlook. CRISIL has also reaffirmed its rating on the bank's certificate of deposits programme at CRISIL A1+.
Dewan Housing Finance Corporation announced after market hours yesterday, 14 June 2016, that it proposes to issue Secured Redeemable non-convertible debentures amounting to Rs 400 crore and a greenshoe option upto Rs 175 crore on Private Placement basis, pursuant to special resolution passed by the shareholders of the company at the 31st annual general meeting held on 23 July 2015, on the terms and conditions.
Godrej Industries announced after market hours yesterday, 14 June 2016, that the board of directors of Godrej Agrovet (GAVL) has granted approval for joint development by GAVL and/or its subsidiaries, of land/s admeasuring approximately 100 acres, located at Sarjapur, Bangalore, with Godrej Properties, the developer. The board of directors of GAVL believes that, since GAVL has not been carrying out any operational activity on the aforesaid land for a long time and the land is available for alternate use, such asset monetization by way of joint development on the said land over a period of time, with the expertise of Godrej Properties will benefit GAVL.
New Delhi Television (NDTV) announced after market hours yesterday, 14 June 2016, that the company and its promoters have, on 13 June 2016, received show cause notices (SCNs) issued by Securities and Exchange Board of India (Sebi) with regard to certain non-compliances related to delay/non-filing of disclosures in the previous years, under Sebi Takeover Regulations. The company is of the opinion that the alleged non-compliances referred in SCN are technical/procedural in nature. The company and its Promoters are in the process of seeking legal advice to take appropriate action in the said matter.
More From This Section
Mandhana Industries announced after market hours yesterday, 14 June 2016, that CARE has revised its ratings for non-convertible debentures, long term and short term banking facilities of the company to BBB+, CARE A3 and CARE BBB+, respectively.
Powered by Capital Market - Live News