Oberoi Realty will be in focus as Vikas Oberoi, the promoter has decided to sell 1.14 crore equity shares, representing 3.47% of the equity share capital of the company, via Offer for Sale (OFS) on the separate windows provided by the BSE and NSE for this purpose. The OFS will take place today, 26 September 2013. The floor price for the OFS is Rs 158 per share.
Car maker Maruti Suzuki India reportedly said it was likely to raise vehicle prices by up to Rs 10000 in early October, following similar increases by other automakers.
Jindal Steel & Power reportedly plans to set up a 7-mtpa pellet plant at Angul in Orissa at an investment of around Rs 1400 crore.
GAIL (India)'s chief B. C. Tripathi on Wednesday, 25 September 2013, released the company's sustainability Report for the year 2012-13. The company made the announcement after market hours on Wednesday, 25 September 2013.
Speaking on the occasion, B C Tripathi said, "GAIL's journey of touching lives and continually improving operating processes is encapsulated in the 3' edition of the disclosure report on sustainable development befittingly titled - Energising Tomorrow Responsibly."
"Today, GAIL is the only PSU in the Oil & Gas sector to become one of the founding members of the GRI (Global Reporting Initiative) Focal Point India's Sustainability and Transparency Consortium," he added.
GAIL said it has produced a stakeholder-centric report reflecting on strategies and actions towards analyzing impacts and working towards creating a positive stakeholder value.
More From This Section
The report has been developed on the basis of GRI G3.1 guidelines on Sustainability Reporting and the Oil & Gas Sector Supplement (OGSS). The disclosures are in line with the requirements of the application level 'A+' and address 73 core and 25 additional GRI performance indicators. It is a Type 2 Moderate level assured report including data verification at different sites of GAIL including its Gas Processing Units, Petrochemical plant, Natural Gas compressor stations, LPG pumping/receiving stations, Corporate Office and some regional pipeline offices, GAIL Training Institute.
With this, GAIL has been able to align the release of its Sustainability Report on the same day as its Annual General Meeting (AGM) which is a rare feat among large Corporates of India.
Companies whose fortunes are related to order from railways may see action on reports that Department of Industrial Policy and Promotion (DIPP) on Wednesday circulated a cabinet note proposing 100% FDI in railway projects involving infrastructure development.
Bayer CropScience has fixed 8 October 2013 as the record date for determining the names of the shareholders who will be eligible to participate in the proposed buyback offer. The company's board at a meeting held on Monday, 22 July 2013, unanimously approved a buyback proposal for purchase by the company of up to 28.79 lakh equity shares of Rs 10 each, representing 7.29% of the total equity capital, from all the shareholders of the company on a proportionate basis through the tender offer route as at a price of Rs 1,580 per equity share, aggregating to approximately Rs 455 crore. The board noted the intention of the promoter group of the company to participate in the proposed buyback.
Foreign fund Credit Suisse (Singapore) on Wednesday, 25 September 2013 sold 19.75 lakh shares of Gitanjali Gems at Rs 60.10 per share on NSE. The shares were bought by Venus Capital Management Inc.
Morgan Stanley Asia has 7.05 lakh shares of Radico Khaitan at Rs 121.85 per share on NSE on Wednesday, 25 September 2013.
Bombay Rayon Fashions board of directors at its meeting held on 25 September 2013 approved and authorized signing the documents, agreements pertaining to Corporate Debt Restructuring (CDR) and increase the limit for borrowing and creation of security by way of pledge, mortgage on movable and immovable assets of the company not exceeding to Rs 5500 crore.
Powered by Capital Market - Live News