Shares of Hindustan Zinc turn ex-dividend today, 29 March 2017 for special dividend of Rs 27.50 per share for the year ending 31 March 2017.
Coffee Day Enterprises said that step-down subsidiary of the company 'Way2Wealth Brokers Private Limited' has transferred entire 100% shares in its subsidiary namely Way2Wealth Illuminati Pte. to Alphagrep Securities, a fellow subsidiary with effect from 28 March 2017. The announcement was made after market hours yesterday, 28 March 2017.
Balasore Alloys said that the committee for preferential issue of warrants of the board of directors will be held on 31 March 2017 for allotment of 1 crore shares at Rs 21.50 per shares in lieu of 1 crore convertible warrants to the promoters on preferential basis pursuant to the authority given by the shareholders through postal ballot notice on 26 September 2016.
The company said that out of the 2.30 crore convertible warrants the remaining 1.30 crore warrants shall be converted into equity shares in the financial year 2017-18. The announcement was made after market hours yesterday, 28 March 2017.
Sundaram Fasteners announced that on 27 March 2017, the company acquired 16.80 lakh equity shares or 24% from Bleistahl Produktions GmbH & Co. KG (Bleistahl), in the share capital of Sundram Precision Components (SPCL), formerly Sundram Bleistahl, a subsidiary of the company. The company has acquired the equity shares from Bleistahl in SPCL for a cash consideration at Rs 31.45 per share.
With this acquisition, our company has 100% equity stake in SPCL compared to earlier holding of 76% and SPCL has thus become a wholly owned subsidiary of the company with effect from 27 March 2017. The announcement was made after market hours yesterday, 28 March 2017.
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Karnataka Bank announced that it opened its 759th and 760th branch at Bengaluru. The announcement was made after market hours yesterday, 28 March 2017.
Mic Electronics announced that the meeting of the board of directors of the company is scheduled to be held on 31 March 2017 to consider and approve the allotment of 4.32 crore shares at Rs 20 per share to non-promoters. The announcement was made after market hours yesterday, 28 March 2017.
Himachal Futuristic Communications announced that debentures allotment committee of the board of directors of the company at a meeting held on 28 March, 2017 has approved the allotment of 10.3%, 29.49 lakh secured unlisted non-convertible debentures (NCDs) of the company of Rs 100 each aggregating to Rs 29.49 crore on private placement basis by way of conversion of outstanding right of recompense amount payable to the banks. The announcement was made after market hours yesterday, 28 March 2017.
Indowind Energy announced the successful re-powering of 1.920 megawatts (MW) wind farm capacity at Hanumsagar, Karnataka & has commenced make change of 3.025 MW wind farm capacity at Tirunelveli, Tamil Nadu after obtaining necessary approval from TANGEDCO. It is expected to generate additional yearly revenue of around Rs 2.5 crore. The announcement was made after market hours yesterday, 28 March 2017.
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