National Aluminium Company (Nalco) said its board approved the buyback by the company of its fully paid-up equity shares of face value of Rs 5 each not exceeding 6.73 crore equity shares, representing 3.48% of the total number of equity shares in the paid-up share capital of the company, at Rs 75 per equity share payable in cash for an aggregate consideration not exceeding Rs 504.83 crore. The announcement was made after market hours on Friday, 12 October 2018.
Bandhan Bank said it has received an exemption from the Securities and Exchange Board of India (Sebi) with respect to lock-in of one year on the equity shares held by the promoter; and eligibility condition of one year from listing, in order to comply with the requirements of RBI Licensing Guidelines for Private Sector Banks issued on 22 February 2013. The announcement was made after market hours on Friday, 12 October 2018.
8K Miles Software Services announced that 25,70,000 equity shares (8.42% of total equity holdings) held by Suresh Venkatachari, promoter of 8K Miles Software Services, in his demat accounts held with Quantum Global Securities and Kumar Share Brokers have wrongfully and illegally transferred through off market transactions on various dates to various parties without his knowledge/consent. The company has been informed that he has taken legal action and has also filed a police complaint on 17 September 2018 against Quantum Global Securities, and Kumar Share Brokers and others for fraudulent and unlawful transactions by wrongfully and illegally transferring his shares of the company. The company shall keep all its stakeholders and regulators informed on any fresh developments in this regard. The announcement was made after market hours on Friday, 12 October 2018.
Info Edge (India) announced that Zomato Media ('Zomato') has signed a definitive agreement to undertake a primary fund raise of approximately $210 million from Alipay Singapore Holding (which is an existing shareholder of Zomato) and/or any of its affiliates, and upon the closing of this fund raise, Info Edge (India)'s shareholding in Zomato stands reduced to about 27.68% on fully converted & diluted basis. As of 31 March 2018, Info Edge (India) owned about 30.91% of the share capital of Zomato on fully converted & diluted basis. The announcement was made after market hours on Friday, 12 October 2018.
Saregama India said it invested in 100% capital of Saregama FZE, as a result whereof Saregama FZE has become a wholly owned subsidiary of Saregama India. The subsidiary was set up with an aim to to start business of distribution of music players and pre-recorded songs player 'Carvaan' and dealing with related music and films right in Gulf countries and other geographies. The announcement was made after market hours on Friday, 12 October 2018.
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