Shares of Tejas Networks will debut on the bourses today, 27 June 2017. The initial public offer (IPO) of Tejas Networks received bids for 3.21 crore shares compared with 1.71 crore shares on offer, NSE data showed. The IPO was subscribed 1.88 times. The price band for the IPO was fixed at Rs 250-257 per share. The IPO opened on 14 June 2017 and closed on 16 June 2017. Bangalore-based Tejas Networks is an optical and data networking products company.
The qualified institutional buyers (QIBs) category was subscribed 2.16 times. The non institutional investors (NIIs) category was subscribed 0.48 times. The retail individual investors (RIIs) category was subscribed 3.10 times.
Infosys issued a press release regarding its settlement with New York Attorney General. The company said that its agreement concluded the State of New York's investigation relating to the amount of taxes the company paid in 2010-2011 without any criminal or civil charges being filed. While this investigation centered on alleged paperwork errors, the company committed no wrongdoing and denies all allegations made in this regard, Infosys said.
This settlement relates to legal issues already resolved under the 2013 settlement with the US Department of Justice, and was reached by both parties to avoid protracted litigation.
Infosys said it maintains robust policies and procedures to ensure adherence with all applicable regulations and laws. Infosys will continue to focus on boosting American innovation, hiring American workers and better serving its valued customers across the United States, it added. The announcement was made after market hours on Friday, 23 June 2017.
Cadila Healthcare said that its board approved in-principle to raise funds by issue of equity shares / convertible bonds / debentures through qualified institutional placement (QIP) / GDR / ADR, for an aggregate amount up to Rs 10000 crore. The board also approved to issue secured / unsecured redeemable non-convertible debentures / foreign currency bonds on private placement basis for an amount up to Rs 3500 crore in the financial year 20172018. Further, the board also approved to issue foreign currency bond / foreign currency convertible bonds for an amount up to Rs 5000. The announcement was made on Monday, 26 June 2017. The market was shut on Monday, 26 June 2017, on account of Ramzan Id.
JSW Steel said that a meeting of board of directors of the company would be held on 29 June 2017 to consider raising additional long term resources through issuance of NCDs with warrants convertible into equity shares and/or equity shares and/or convertible warrants, by way of a Qualified Institutional Placement and issuance of FCCBs, ADRs, GDRs, warrants or convertible instruments in course of an international offering. The announcement was made after market hours on Friday, 23 June 2017.
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Capital First said that the Debenture Committee constituted by the board of directors of the company at its meeting held on 23 June 2017 has approved an issue of Rated, Listed, Secured, Redeemable, Non-Convertible Debentures of Rs 25 crore plus green shoe option of Rs 25 crore on private placement basis. The announcement was made after market hours on Friday, 23 June 2017.
Infibeam Incorporation said that a meeting of the board of directors of the company will be held on 13 July 2017 to consider stock-split proposal of equity shares of the company. The announcement was made on Monday, 26 June 2017, when the stock markets were closed for local holiday.
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