Idea Cellular after trading hours Thursday, 5 June 2014, said that the Securities Allotment Committee of the board of directors of the company has decided to open bidding for issue of shares under qualified institutional placement (QIP). The company intends to raise up to Rs 3000 crore from the issue. The floor price for the QIP issue has been fixed at Rs 136.98 per share. Shares of Idea Cellular gained 0.41% to settle at Rs 136.35 on BSE on Thursday, 5 June 2014, ahead of the announcement.
NTPC before market hours today, 6 June 2014 said that with reference to the earlier announcement dated May 27, 2014, the basis of allotment has been finalized and 34.83 lakh equity share will be transfered from Government of India (GoI)'s demat to respective demat accounts of succesful applicants (employees). Accordingly, GoI's share holding in NTPC would reduce to 74.96% of paid-up equity capital of the company from 75% of paid-up capital of the company. Post transfer of equity share to respective demat accounts of employees, these shares will be available for trading, NTPC said.
Tech Mahindra and Informatica Corporation on Thursday, 5 June 2014, announced an expansion of their decade-long strategic association. Further, Tech Mahindra and Informatica announced plans for joint investments in developing solutions at Tech Mahindra Research Centers in Pune, Bangalore and Hyderabad.
Informatica Corporation is the world's number one independent provider of data integration software.
Yes Bank after market hours on Thursday, 5 June 2014 said that in respect of the qualified institutional placement (QIP), the Capital Raising Committee of the Bank has, at its meeting held on Thursday, 5 June 2014, approved the issue and allotment of 5.34 crore equity shares to eligible qualified institutional buyers (QIBs) at the issue price of Rs 550 per equity share, which is at a discount of Rs 0.04 per equity share on the floor price of Rs 550.04 per equity share, aggregating to approximately Rs 2942.07 crore under the SEBI Regulations and Section 42 of the Companies Act, 2013 (including the rules made thereunder).
NHPC after trading hours on Thursday, 5 June 2014, said that consequent upon successful trial run of unit 4 of Parbati-III power station (4x130 MW) at its maximum continuous rating of 130 megawatts for 12 hours on 3 June 2014, the unit has been declared operational.
More From This Section
NMDC after market hours on Thursday, 5 June 2014 said that its total production of iron ore (provisional) rose 0.81% to 4.94 million tonnes in May 2014 over May 2013. Despatches rose 11.22% to 5.65 million tonnes in May 2014 over May 2013. NMDC also said that the price of lump ore for the month of June 2014 is Rs 4,600/WMT and the price of fines for the month of June 2014 is Rs 3,160/WMT.
IFCI after market hours on Thursday, 5 June 2014 in a clarification with regard to news item titled May look to divest stake in NSE & May look to sale non core assets - Non core asset of IFCI around Rs 12000 crore said that the expected amount that can be raised through divestment in the stake of certain subsidiaries/investments in other companies is around Rs 2000 crore. Such decisions are taken by the board as part of normal business process and are also not price sensitive in nature. There is no material impact of this article on the company, IFCI further said. There is no other disclosure required to be given in this regard, the company added.
Mahindra & Mahindra Financial Services (MMFSL) said that India Ratings & Research vide its Rating Release dated June 05, 2014,has upgraded it ratings assigned to the company's Long-Term debt Programme to 'IND AAA' from 'IND AA+' with a stable outlook. In view of the above, the Ratings on the company's Rs 590 crore Lower tier II Subordinated debt and Rs 110 crore non-convertible debentures have also been upgraded to 'IND AAA' from 'IND AA+', MMFSL said.
Thomas Cook (India) said that IYKA group on Thursday, 5 June 2014, announced signing of definitive agreements to acquire Hofincons Infotech & Industrial Services from Transfield Services, Australia. As a result of this acquisition, Hofincons will benefit by having a long-term, financially strong shareholder since IYKA is part of the multinational Fairfax Financial Holdings Group, held through its Indian listed subsidiary, Thomas Cook (India), the company said. The transaction is expected to complete pursuant to customary closing conditions, it added.
Crompton Greaves after market hours on Thursday, 5 June 2014 said that the company bagged an Rs 244 crore contract from Spanish multinational electric utility company Iberdrola to supply over 1 million ZIV single smart meters in a year. The order comprises single-phase and three-phase meters and reiterates Crompton Greaves' growing dominance in the global smart grid sector, the company said in a statement.
Powered by Capital Market - Live News