Idea Cellular after market hours on Thursday, 12 June 2014 announced the successful closure of its qualified institutional placement (QIP) and has issued and allotted 22.39 crore equity shares of face value of Rs 10 each to qualified institutional buyers (QIBs), at an issue price of Rs 134 per share (including a premium of Rs 124 per share), aggregating to approximately Rs 3000 crore. The issue witnessed strong interest from both foreign and Indian investors, Idea Cellular said in a statement. The overall allocation to foreign investors is approximately 62% of the issue and to domestic investors is approximately 38% of the issue, resulting in diversified representation from a high quality global investor base, Idea Cellular said in a statement.
Idea Cellular further said that the company is proposing to undertake a private placement of 5.18 crore equity shares at Rs 144.68 per equity share aggregating to Rs 750 crore to a subsidiary of Axiata Group Berhad of Malaysia, an existing key shareholder of company, subject to shareholders' and other necessary approvals.
Tata Motors' global wholesales including Jaguar Land Rover declined 5.14% to 77,575 units in May 2014 over May 2013.
Central Bank of India after market hours on Thursday, 12 June 2014 said that its board of directors considered and approved raising of additional equity capital by issuance and allotment of, upto 7.10 crore equity shares of the face value of Rs 10 each at such price as may be determined as per SEBI (ICDR) Regulations, to Life Insurance Corporation of India on preferential basis, subject to approval of Government of India, Reserve Bank of India, shareholders and other statutory authorities (if any). The board also fixed Friday, 13 June 2014 as the relevant date for the purpose of determining the issue price as per SEBI (ICDR) Regulations, 2009. Further, an Extra-Ordinary General Meeting of shareholders will be held on 15 July 2014, to consider and pass the necessary Special Resolution.
Indian Overseas Bank after market hours on Thursday, 12 June 2014 said that the bank has requested Government of India (GOI), Ministry of Finance, Department of Financial Services to infuse capital fund to the bank to meet Tier I capital under Basel III norms to an extent of Rs 3500 crore for the current financial year, 2014-15. The bank has also requested GOI, Ministry of Finance, Department of Financial Services for the dilution of their shareholding in the bank. Accordingly the board of the company at its meeting held on Thursday, 12 June 2014, considered and approved the bank's assessment of capital requirement of Rs 3500 crore, under Tier I capital, for the financial year 2014-15. The board also approved for seeking the permission to raise capital by way of issue of equity shares of Rs 10 each at a price determined by SEBI (ICDR) Regulations 2009, to GOI to the extent of their capital infusion. The board also approved for seeking the permission to issue equity shares of Rs 10 each to qualified institutional buyers (QIBs) by way of private placement, up to an extent of not exceeding Rs 1200 crore (including the share premium) out of the shortfall in the Tier I Capital Requirement of Rs 3500 crore assessed by the bank.
Sintex Industries after market hours on Thursday, 12 June 2014 said that pursuant to the approval of the shareholders of the company at the 81st annual general meeting of the company held on 17 September 2012 for issue of $140,000, 000, 7.5%, step down convertible bonds due 2017, the Committee of Directors at its meeting held on 12 June 2014, has allotted 8.36 lakh equity shares of Rs 1 each to foreign currency convertible bonds (FCCB) holders on the exercise of their conversion right.
More From This Section
Deepak Nitrite after market hours on Thursday, 12 June 2014 said that a Committee of board of directors of the company has fixed 23 June 2014, as record date for 5-for-1 stock split.
GeeCee Ventures' board of directors at its meeting held on Thursday, 12 June 2014, inter-alia, after considering various fund raising proposals, approved the issue to the promoters/promoter group, 27 lakh warrants on preferential basis fully convertible into equal number of equity shares of Rs 10 each, at a price of Rs 36 per warrant which is determined in accordance with Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and in compliance with the provisions of Section 62 and other applicable provisions of the Companies Act,2013 and other regulations of SEBI subject to the consent of the shareholders by passing a special resolution at an Extra-Ordinary General Meeting to be convened on 9 July 2014, for this purpose.
Rainbow Papers on Thursday, 12 June 2014 said that its board of directors will meet on 19 June 2014, inter alia, to consider allotment of 69.84 lakh equity shares at the price of Rs 81 per share (on conversion of the balance 69.84 lakh warrants outstanding to be converted) to the promoter group company Drupa Suppliers.
Corporation Bank turns ex-dividend today, 13 June 2014, for final dividend of Rs 2.25 per share for the year ended 31 March 2014 (FY 2014)
Rallis India turns ex-dividend today, 13 June 2014, for final dividend of Rs 1.40 per share for the year ended 31 March 2014 (FY 2014).
Powered by Capital Market - Live News