Bank of Baroda said that its board will meet on 22 December 2017, to consider a proposal to approve raising of additional capital funds in domestic / overseas markets eligible to be reckoned as BASEL-III Compliant Additional Tier-I (AT-I) Capital. It will be over and above Rs 3000 crore already approved by the board at its meeting held on 27 May 2017. The announcement was made after market hours yesterday, 18 December 2017.
HDFC said it will raise Rs 2000 crore by issuing debt securities on private placement basis. The 7.55% HDFC, 20 February 2019 secured redeemable non-convertible debentures will be issued on a private placement basis, HDFC said in a regulatory filing. The object of the issue is to augment the long-term resources of the corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation, it said. The issue will open on 20 December 2017 and closes the same day. The announcement was made after market hours yesterday, 18 December 2017.
South Indian Bank announced lending rates based on marginal cost of funds to be effective from 20 December 2017. The bank's Marginal Cost of Funds based Lending Rate (MCLR) for overnight loans will be 7.90%, for one month will be 8% and for three months will be 8.15%. The MCLR on 6-month loans will be 8.40% and for one-year loans the rate would be 8.90%, the bank said. The announcement was made after market hours yesterday, 18 December 2017.
Gandhi Special Tubes said that it will seek shareholders' approval to buyback 8.80 lakh shares at Rs 500 each. Shareholders whose names appear on the register of members / list of beneficial owners as on 22 December 2017 will be considered for the purpose of voting through postal ballot and e-voting. The announcement was made after market hours yesterday, 18 December 2017.
Adani Enterprises said it will develop and operate mine on an owner operator basis. The announcement was made after market hours yesterday, 18 December 2017. Adani Australia currently employs over 800 people and has invested over $3.3 billion in Queensland. Following on from the NAIF veto last week, and in line with its vision to achieve the lowest quartile cost of production by ensuring flexibility and efficiencies in the supply chain, Adani has decided to develop and operate the mine on an owner operator basis.
Adani and Downer have mutually agreed to cancel all letter of awards and Downer will provide transitional assistance until 31 March 2018. Adani remains committed to develop the Carmichael project and will ensure the highest level of standards and governance. This is simply a change in management structure and ensures that the mine will ultimately be run out of Adani Australia offices in Townsville.
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