Sadbhav Infrastructure Project said that its wholly-owned subsidiary, BRTPL, received provisional completion certificate for 86 kilometres (kms) out of total 87.25 km on 4 June 2016 and accordingly toll collection has started on the project from 9 June 2016. Original concession period for the project is 30 years, which ends on 8 October 2043. Total project cost shall be Rs 676.10 crore out of which equity and sub equity from sponsor shall be Rs 133.30 crore. Rupee term loan of Rs 276.40 crore has been provided by the lenders which is to be repaid upto September 2031. Grant provided by National Highways Authority of India (NHAI) is Rs 266.40 crore. With the above, out of total portfolio of 11 projects, 10 projects are operational and 1 project is in advanced stage of construction. The announcement was made after market hours yesterday, 9 June 2016.
Shares of Oriental Trimex will be in focus. ICICI Bank announced after market hours yesterday, 9 June 2016, that Oriental Trimex had availed financial assistance of Rs 6.88 crore from ICICI Bank. Due to default in repayment of outstanding dues to ICICI Bank by the company, the account of company with ICICI Bank has been classified as a non performing asset (NPA) on 31 December 2012. For recovery of outstanding dues, ICICI Bank has filed recovery suit before DRT, Delhi at 16 August 2013 against Oriental Trimex and the guarantors (i.e. Mr. Rajesh Punia & Ms. Savita Punia). The bank has also filed winding up petition before High Court, Delhi at 11 March 2014. ICICI Bank said it has furnished this information in the interest of investors as this information is very critical for all the existing/future investors.
Yes Bank announced that it has executed a share subscription and shareholders' agreement agreeing to subscribe for 20 lakh equity shares of Receivables Exchange of India (RXIL) which is equivalent to 8% of the post-issue paid-up capital of RXIL, as per the terms of the agreement. RXIL is a joint venture company setup by NSE Strategic Investment Corporation and Small Industries Development Bank of India. The announcement was made after market hours yesterday, 9 June 2016.
Hindustan Unilever (HUL) announced that considering the recent change in the organization structure of the company, it has decided to report its segmental information under the four segments, and a residual segment for 'others'. The new segments comprises viz. 1. Home care to include fabric wash, household care and water. 2. Personal Care to include personal wash, skin care, hair care, oral care, deodorants and colors. 3. Foods to include packaged foods (excluding ice cream and frozen dessert) and popular foods and 4. Refreshments to include tea, coffee, ice cream and frozen dessert. This change complies with the IND AS segment reporting principles, and the reporting therefore will be made effective from 1 April 2016, which will be reflected in Q1 June 2016, HUL said. The announcement was made after market hours yesterday, 9 June 2016.
Hinduja Global Solutions (HGS) announced that Mark Poling, the Chief Executive Officer (CEO) of its step-down subsidiary HGS Colibrium Inc. (Colibrium) has resigned and is leaving as a founder to pursue other interests. As a result of this, he now ceases to be a shareholder of Colibrium. Consequently, the effective shareholding of HGS has increased from 89.9% to 95.2%. The announcement was made after market hours yesterday, 9 June 2016.
KCP announced after market hours yesterday, 9 June 2016, that it has decided to expand the production capacity of its cement unit located at Muktyala, Krishna District Andhrapradesh, from 1.8 Million Tons Per Annum (MTPA) to 3.5 MTPA with an expected outlay of Rs 400 crore (approximately).
Gruh Finance turns ex-dividend today, 10 June 2016, for dividend of Rs 2.30 per share for the year ended 31 March 2016.
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Rallis India turns ex-dividend today, 10 June 2016, for final dividend of Rs 2.50 per share for the year ended 31 March 2016.
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