Don’t miss the latest developments in business and finance.

United Spirits in focus after exclusion from NSE's F&O segment

Image
Capital Market
Last Updated : Aug 22 2014 | 9:15 AM IST

United Spirits has not submitted financial results for the year ended 31 March 2014 and quarter ended 30 June 2014 as required under the listing agreement. In view of the above the National Stock Exchange (NSE) has decided to exclude the scrip from equity derivatives segment. Thus, fresh month contracts will not be introduced for the expiry month November 2014, on the expiration of August 2014 contracts. All existing contracts i.e. contracts with expiry dates 25 September 2014 and 30 October 2014 will expire on 18 September 2014. Accordingly, no futures and options (F&O) contracts will be available in the underlying United Spirits for trading from 19 September 2014 onwards, NSE said.

TCS said that its TCS BaNCS customer, National Employment Savings Trust (NEST) in the UK, has crossed the 1 million member mark. TCS made the announcement after market hours on 21 August 2014. TCS is NEST's IT solutions partner and scheme administrator. NEST was established under UK law as part of the UK government's workplace pension reforms that require all UK employers to enroll their eligible workforce into a qualifying workplace pension scheme and make contributions along with the employee contribution component.

The board of SpiceJet approved to allot upto 18.91 crore warrants, convertible into equivalent number of equity shares, in various tranches, to the promoters of the company, on preferential basis. Further, the board has decided to increase the authorised share capital of the company from existing Rs 1000 crore divided into 100 crore equity share of Rs 10 each to Rs 1500 crore divided into 150 crore equity share of Rs. 10 each.

Karur Vysya Bank said that the qualified institutional placement (QIP) committee of the board has declared the closure of the QIP on 21 August 2014. The committee approved the issue price of Rs 466 per equity share (including a premium of Rs 456 per equity share), for the equity shares to be allotted to eligible qualified institutional buyers in the QIP.

KNR Constructions said it received construction orders worth of Rs 68.37 crore from the Government of Karnataka. The orders are to be completed within 24 months from the appointed date.

Gammon India's Board of Directors at its meeting held on 21 August 2014, approved sale of 52.8,0 crore equity shares held by the company in its subsidiary viz. Gammon Infrastructure Projects to its another subsidiary viz. Gammon Power, subject to all the necessary approvals. The Board has also, at the aforementioned meeting, approved convening of an Extra Ordinary General Meeting of the shareholders of the company on 20 September 2014 to transact the aforementioned business.

CEAT said that a meeting of the Board of Directors of the company will be held on 26 August 2014, for considering further issue of securities through issuance of equity shares or debentures or equity linked securities and/or any instrument convertible into equity shares by way of private or public offerings, including qualified institutes placement and/or on a preferential allotment basis. The announcement was made after market hours on Thursday, 21 August 2014.

More From This Section

Genus Power Infrastructures said that the board of directors of the company at its meeting held on 21 August 2014, has decided to transfer/sell/dispose of company's Home & Industrial Products (HIP) business i.e. manufacturing of a complete range of Inverters/UPS, Solar PCU and Batteries, subject to approval of members and other regulatory authorities, if any. The announcement was made after market hours on Thursday, 21 August 2014.

Adi Finechem said that with effect from 21 August 2014, the company has taken a shut down of its plant for completion of first phase of its ongoing capacity expansion programme. The manufacturing activity will remain suspended for about 8 to 10 days from 21 August 2014. The announcement was made after market hours on Thursday, 21 August 2014.

Maharashtra Seamless turns ex-dividend today, 22 August 2014 for dividend of Rs 6 per share for the year ended 31 March 2014.

Prakash Industries turns ex-dividend today, 22 August 2014 for dividend of Re 1 per share for the year ended 31 March 2014.

Solar Industries turns ex-dividend today, 22 August 2014 for final dividend of Rs 7 per share for the year ended 31 March 2014.

Cupid said it received order for supply of WHO/UNFPA prequalified male condoms from UN population fund Denmark. Total value of the order is $0.97 million equivalent to Indian Rs 5.87 crore approximately. The company expects this order to be completed by mid-February 2015. Further, the company said it has orders on hand of Rs 5.70 crore approximately to supply Cupid female condoms to its customers in South Africa. This order is in addition to the Rs 7.70 crore order previously announced in November 2013.

Powered by Capital Market - Live News

Also Read

First Published: Aug 22 2014 | 8:46 AM IST

Next Story