Dewan Housing Finance Corporation (DHFCL) said that it proposes to issue 3,750 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 375 crore including Greenshoe option on private placement basis. The announcement was made after market hours yesterday, 22 March 2016.
Steel Authority of India (Sail) will be watched after the company at the fag end of market hours yesterday, 22 March 2016 said that ratings agency CARE downgraded the ratings on the company's long term borrowing programme to CARE AA+ from CARE AAA. CARE in its report dated 16 March 2016, reaffirmed its ratings on the company's commercial paper/inter corporate deposits of Rs 8000 crore at CARE A+. The revision in the long term rating of Sail takes into account subdued financial performance during the nine months period ended December 2015, leading to moderation in its key credit matrics, CARE said. Going forward, the company's ability to improve its profitability and cash accruals while maintaining its capital structure and complete the ongoing M&E plan within the time and cost estimate shall remain the key rating sensitivities, CARE said.
Kalpataru Power Transmission (KPTL) announced that it has secured new orders worth about Rs 1320 crore. The announcement was made after market hours yesterday, 22 March 2016.
Bombay Rayon Fashions announced that a meeting of the board of directors of the company will be held on 30 March 2016, inter alia, to consider issue or allotment of equity shares on preferential basis to the lenders of the company by conversion of debt into equity shares under corporate debt restructuring (CDR) package and to fix the date, time and venue of the extra ordinary general meeting (EGM) of the shareholders of the company for seeking approval of shareholders for the preferential issue of equity shares. The announcement was made after market hours yesterday, 22 March 2016.
Indiabulls Housing Finance (IBHFL) announced that it proposes to issue 2,500 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 250 crore on private placement basis. The announcement was made after market hours yesterday, 22 March 2016.
Tata Chemicals announced temporary shutdown of operations at its fertiliser plant at Babrala in Uttar Pradesh, from 22 March 2016, for the purpose of the planned, regular, major maintenance program generally taken once in two years. Tata Chemicals said that the shutdown will last for about 30 days. It added that this will not have material financial impact on the company. The announcement was made after market hours yesterday, 22 March 2016.
Shree Rama Newsprint announced that securities allotment committee of the board has on 22 March 2016 allotted 1.37 lakh zero coupon non redeemable debentures of face value of Rs 1000 each amounting to Rs 13.77 crore to Central Bank of India. The announcement was made after market hours yesterday, 22 March 2016.
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Edelweiss Financial Services announced that Edelweiss Asset Management(EAML) has executed an agreement to acquire the onshore fund schemes managed by JP Morgan Asset Management India (JPMAM), including its India based onshore mutual fund business and the international fund of funds, subject to regulatory approvals. The assets under management (AUM) of JPMAM stands at approximately Rs 7081 crore, while the combined AUMs of both entities amount to approximately Rs 8757 crore as on 31 December 2015. Along with the schemes, EAML is committed to absorbing majority of employees of JPMAM ensuring business continuity as well as a platform for enhanced growth across the Edelweiss Group.The announcement was made after market hours yesterday, 22 March 2016. The acquisition will further strengthen Edelweiss Group's Rs 31000 crore Global Asset Management businesses, which include the Group's existing mutual fund business, credit alternative funds, offshore funds and equity funds. The Global Asset Management business spans multiple asset classes, client segments and geographies.
Pincon Spirit announced that a meeting of the board of directors of the company will be held on 30 March 2016 to consider allotment of equity shares on preferential basis and allotment of equity share warrants on preferential basis. The announcement was made after market hours yesterday, 22 March 2016.
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