Narayana Hrudayalaya debuts on the secondary equity market today, 6 January 2016. The company had priced the initial public offer (IPO) at the top end of the Rs 245 to Rs 250 per share price band for the IPO. The bidding for the IPO ended on 21 December 2015. The issue was subscribed 8.70 times.
Mahindra & Mahindra (M&M) before market hours today, 6 January 2016, announced that Mahindra Susten, a step down subsidiary of Mahindra Holdings which is in turn a subsidiary of M&M, has incorporated a company MachinePulse Tech in India on 5 January 2016 as its subsidiary. MachinePulse Tech has been incorporated to carry on the businesses of software and data analytics and to undertake other IT enabled services.
Tata Motors will be watched. Jaguar Land Rover (JLR) North America yesterday, 5 January 2016, said its US sales rose 30% to 9,638 units in December 2015 over December 2014. Land Rover sales rose 47% to 8,441 units in December 2015 over December 2014. Jaguar sales fell 29% to 1,197 units in December 2015 over December 2014. JLR is British luxury car unit of Tata Motors. The sales figures were announced after close of Indian market hours yesterday, 5 January 2016.
Grasim Industries and Aditya Birla Chemicals (India) (ABCIL) separately announced after market hours yesterday, 5 January 2016, that their respective board of directors fixed 15 January 2016 as the record date in terms of the scheme of merger for determining the entitlement of the shareholders of ABCIL to receive shares of Grasim Industries in the ratio of one share of Grasim Industries for every 16 shares held in ABCIL. Grasim will issue 14.62 lakh equity shares to the eligible shareholders of ABCIL. ABCIL has been merged with Grasim Industries from the appointed date of 1 April 2015 with all the requisite approvals for the scheme of amalgamation in place.
On a provisional basis, NMDC said that total iron ore production stood at 11.59 million tonne in Chhatisgarh and 8.49 million tonne in Karnataka upto December 2015. Sales stood at 11.53 million tonne in Chhatisgarh and 8.79 million tonne in Karnataka upto December 2015. The announcement was made after market hours yesterday, 5 January 2016.
Apollo Hospitals Enterprise before market hours today, 6 January 2016 informed that a search is being conducted by officials of the Income Tax Department at the offices of the company. Apollo Hospitals Enterprise is committed to adhering to the highest standards of corporate governance and compliance with the laws of the land. Accordingly, the officials of the company have been co-operating and providing necessary support to the officials of the Income Tax Department in carrying out their duties, Apollo Hospitals Enterprise said.
Symphony after market hours yesterday, 5 January 2016, announced that it has successfully acquired 100% equity share capital of Munters Keruilai Air Treatment Equipment (Guangdong) Co. Ltd. from Munters AB according to equity transfer agreement. Symphony also said that it has received certificate of approval for establishment of enterprises with foreign investment in the People's Republic of China endorsing name of the company as Investors from the Chinese Authority.
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Blue Blends India after market hours yesterday, 5 January 2016, announced that a meeting of the board of directors of the company will be held on 12 January 2016, to discuss on the issue of equity shares on preferential basis to non-promoter group. The board of directors will also discuss on that day the business plan and capacity expansion of the company.
Royal Orchid Hotels after market hours yesterday, 5 January 2016, announced that SBI Mutual Fund has sold 22.98 lakh shares constituting about 8.43% of paid up share capital of the company. As per the shareholding pattern, SBI Contra Fund held 8.61% stake in the company as at 30 September 2015.
SRF after market hours yesterday, 5 January 2016, announced that the water level has receded in the Manali, Chennai plant and consequently the power and basic utilities have been restored. As this is a complex plant, the production is being started in phases and the Dipping process has started as of now. The company had reported on 2 December 2015, that the operations of the plant were disrupted due to flooding and rain in Chennai.
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