HDFC Bank announced that its board will meet on 20 December 2017 to consider a proposal for raising of funds by issue of equity shares/ depository receipts and other securities including through qualified institutions placement (QIP)/ American depository receipts (ADRs) / preferential allotment or such other methods or combinations as may be decided, as well as a preferential issue to Housing Development Finance Corporation (the promoter). The announcement was made after market hours yesterday, 14 December 2017.
Union Bank of India announced that the offer of qualified institutions placement (QIP) was oversubscribed. The bank has issued 12.93 crore shares at Rs 154.65 each, aggregating to Rs 2000 crore. The shares were allotted on 14 December 2017. The announcement was made after market hours yesterday, 14 December 2017.
Vedanta said it proposes to offer rated, secured, redeemable, non-cumulative, non-convertible debentures aggregating to Rs 500 crore. In this regard, the company is holding a meeting of its duly constituted committee of the board on 19 December 2017. The announcement was made after market hours yesterday, 14 December 2017.
Mahindra & Mahindra (M&M), India's leading SUV manufacturer, announced that it plans to increase prices of its passenger and commercial vehicles by up to 3%. This will be effective 1 January 2018. The announcement was made after market hours yesterday, 14 December 2017.
Gulf Oil Lubricants India said that the commercial production for manufacturing of lubricants oil commenced yesterday, 14 December 2017 at the company's newly set-up Plant at Chennai (Ennore). The installed manufacturing capacity of new plant is 50,000 KL per annum. The announcement was made after market hours yesterday, 14 December 2017.
Shares of Shalby will debut on the bourses today, 15 December 2017 after its recently concluded initial public offer (IPO). The IPO of Shalby received bids for 4.08 crore shares, data on NSE showed. The IPO was subscribed 2.82 times. The price band of the IPO was Rs 245 to Rs 248 per share. The IPO opened for subscription on 5 December 2017 and closed on 7 December 2017.
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Lovable Lingerie reported 23.63% fall in net profit to Rs 3.20 crore on 10.49% fall in total income to Rs 48.13 crore in Q2 September 2017 over Q2 September 2016. The announcement was made after market hours yesterday, 14 December 2017.
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