Coal India announced that its board of directors at a meeting held yesterday, 11 July 2016, approved the buyback of equity shares not exceeding 10.89 crore shares of the company, from all the shareholders holding equity shares of the company as on record date on a proportionate basis through the tender offer route at a price of Rs 335 per share payable in cash for an aggregate consideration not exceeding Rs 3650 crore which is not exceeding 25% of the aggregate fully paid up share capital and free reserves of the company as per audited accounts of the company for the financial year ended 31 March 2016. The announcement was made after market hours yesterday, 11 July 2016.
Tata Power Company announced that its board of directors at a meeting held yesterday, 11 July 2016, approved issuance in one or more tranches, of non-cumulative, redeemable, taxable, listed, rated securities in the form of non-convertible debentures upto an aggregate amount not exceeding Rs 3500 crore and for tenor not exceeding 3 years (debentures) from the date of issue on private placement basis to any persons, entities, bodies corporate, companies, banks, financial institutions and any other categories of eligible investors permitted to invest in the debentures under applicable laws. The announcement was made after market hours yesterday, 11 July 2016.
Quess Corp makes its debut on the secondary equity markets today, 12 July 2016. The company had priced its initial public offer (IPO) at Rs 317 per share -- the top end of the Rs 310 to Rs 317 per share price band for the issue. The IPO had received strong response from investors. The proceeds from the IPO will be used for funding expansion of business, potential acquisition opportunities, for repayment of loan from the Bank of Nova Scotia and for meeting working capital requirements. Quess Corp provides comprehensive solutions including recruitment, temporary staffing, technology staffing, IT products and solutions, skill development, payroll, compliance management, integrated facility management and industrial asset management services.
Based on consolidated financial performance, Quess Corp registered net profit of Rs 88.52 crore on revenue from operations of Rs 3435.01 crore for the year ended 31 March 2016.
HDFC announced after market hours yesterday, 11 July 2016 that it will issue its first unrated synthetic rupee denominated Notes aggregating Rs 2000 crore with an option to retain oversubscription of upto Rs 1000 crore. The bonds will bear a fixed coupon and will have a tenor of 3 years and 1 month. The company proposes to list the Notes on the London Stock Exchange. Pricing will take place on or before 15 July 2016, subject to market conditions. The settlement shall be in the next week.
IL&FS Investment Managers announced that its board of directors at a meeting held yesterday, 11 July 2016, decided to subscribe to 2 lakh equity shares issued by IIML Asset Advisors (IAAL), its wholly owned subsidiary. The shares will be subscribed at a price of Rs 190 per share for a total consideration of Rs 3.80 crore. The announcement was made after market hours yesterday, 11 July 2016.
Shriram EPC announced that its board of directors at a meeting held yesterday, 11 July 2016, transacted conversion of the working capital term loan of the corporate debt restructuring (CDR) lenders into equity shares of the company to the maximum extent of Rs 1280 crore, subject to the shareholders and other regulatory approvals, at a price to be determined as per regulations. The board also transacted preferential issue to the holding company - SVL (erstwhile Shriram Industrial Holdings) of Rs 265 crore subject to shareholders and other regulatory approvals, at a price to be determined as per regulations. The announcement was made after market hours yesterday, 11 July 2016.
Bharat Seats turns ex-dividend today, 12 July 2016, for dividend of Rs 0.90 per share for the year ended 31 March 2016 (FY 2016).
Karur Vysya Bank turns ex-dividend today, 12 July 2016, for final dividend of Rs 4 per share for the year ended 31 March 2016 (FY 2016).
Shreyas Shipping Logistics turns ex-dividend today, 12 July 2016, for dividend of Rs 1.30 per share for the year ended 31 March 2016 (FY 2016).
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