Bharti Airtel announced that it has entered into a definitive agreement with Tikona Digital Networks (Tikona) to acquire Tikona's 4G business including broadband wireless access (BWA) spectrum and 350 sites, in five telecom circles for about Rs 1600 crore.
The acquisition will be funded in the way of cash and debt. The indicative time period for the completion of the acquisition is up to 60 days. Airtel plans to roll-out high speed 4G services on the newly acquired spectrum in the five circles immediately after the closure of the transaction. The announcement was made after market hours yesterday, 23 March 2017.
BPCL announced that the board of directors have declared second interim special dividend of Rs 12 per share for the year ending 31 March 2017 (FY 2017). The board fixed 27 March 2017 as record date to determine the eligibility of the shareholders to receive the second interim special dividend. The announcement was made after market hours yesterday, 23 March 2017.
Yes Bank announced that its capital raising committee yesterday, 23 March 2017, passed resolutions approving and adopting the preliminary placement document dated 23 March 2017, in connection with the qualified institutional placement (QIP) and authorizing the opening of the QIP on 23 March 2017. The floor price for the QIP is fixed at Rs 1,498.95 per equity share.
The bank may at its discretion offer a discount of up to 5% on the floor price in the QIP. The capital raising committee of the board of directors of the bank on 29 March 2017, would consider and determine the price for equity share of the bank to be issued in the QIP. The announcement was made after market hours yesterday, 23 March 2017.
Siemens announced that it has won an order worth about Rs 187.4 crore from Bangladesh Rural Electrification Board (BREB), Dhaka. The project includes construction of new 33/11 kV Air Insulated Switchgear substations in Dhaka, Chittagong and Sylhet. BREB is an electricity distribution provider under the Government of Bangladesh responsible for providing electricity to the rural parts of Bangladesh.
All the products and solutions delivered for the project have been manufactured in factories at Siemens India. The announcement was made after market hours yesterday, 23 March 2017.
Adani Power said it has allotted 1.73 crore equity shares upon partial conversion of the convertible warrants as earlier allotted on preferential basis to promoter group entities. The shares were allotted at Rs 32.54 per share. Subsequent to this allotment, the shareholding of the promoter and promoter group has increased to 68.08% of the enhanced paid up equity share capital of the company. The announcement was made after market hours yesterday, 23 March 2017.
Can Fin Homes announced that the board of directors of the company at a meeting held on 23 March 2017 renewed/revalidated the approval/authorizations for borrowing upto Rs 3000 crore by way of issue of non-convertible debentures on private placement basis. The announcement was made after market hours yesterday, 23 March 2017.
Himachal Futuristic Communications announced that the meeting of the debentures allotment committee of the board of directors will be held on 28 March, 2017 to consider and approve the allotment of non-convertible debentures (NCDs) aggregating to Rs 29.49 crore on private placement basis by way of conversion of outstanding right of recompense amount payable to the banks. The announcement was made after market hours yesterday, 23 March 2017.
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