Firstsource Solutions will watched after high-net worth investor Rakesh Jhunjhunwala on Thursday, 4 July 2013, picked up 3.79% stake in the BPO service provider for an estimated Rs 25 crore from private sector lender ICICI Bank and others. A total of 2.50 crore shares of Firstsource Solutions were acquired by Jhunjhunwala, as per the bulk deal information with stock exchanges. The shares were purchased at an average price of Rs 10 apiece, amounting to Rs 25 crore. Two shareholders of Firstsource Solutions, ICICI Bank and Aranda Investments Mauritius, offloaded a total of 3.31 crore shares for Rs 33.18 crore.
Mahindra & Mahindra (M&M) said it allotted 5,000, 9.55% senior unsecured redeemable non-convertible debentures of the face value of Rs 10 lakh each for cash at par aggregating Rs 500 crore to Yes Bank.
FMCG giant Hindustan Unilever (HUL) will be in focus on reports that Unilever's shareholding in Hindustan Unilever has increased from 52.48% to 67.28% through buyback of close to 32 crore shares. Anglo-Dutch consumer goods major Unilever had floated an open offer to raise its stake in Indian unit at Rs 600 per share. The open offer opened on 21 June 2013 and closed on 4 July 2013.
BGR Energy Systems will be watched as one of its promoters, Sasikala Raghupathy, will sell 21.75 lakh equity shares of the company through offer for sale (OFS) route on the stock exchanges today, 5 July 2013. The OFS will open at 9:15 IST and close at 15:30 IST. The floor price is fixed at Rs 118 per share. As on 31 March 2013, Sasikala Raghupathy held 12.93% stake in BGR Energy Systems. Total promoter holding stood at 78.01%
Canara Bank has reduced the base rate by 30 basis points (bps) from 10.25% to 9.95% for all loans with effect from 8 July 2013. The bank has also reduced rate of interest on deposits on few maturity slabs.
Neyveli Lignite Corporation said after market hours on Thursday, 4 July 2013 that the recognized trade unions and other registered trade unions have resorted to an indefinite strike commencing from night shift of Wednesday, 3 July 2013 in protest against the Government of India's decision to disinvest 5% of equity shares of the company. The Officers and Engineers' Associations have withdrawn from the strike and are attending duties. The lignite production and power generation are being presently maintained at the same level as of the previous day, company said in a statement.
Strides Arcolab said after market hours on Thursday, 4 July 2013 that the board of directors of the company approved the increase in the limit of investments by Foreign Institutional Investors (FIls) in the equity share capital of the company from 49% to 74%, subject to approval of the members, Reserve Bank of India and any other approvals as may be required. Earlier on that day, the company had said that the intermediate ceiling for investment by FIIs capped at 49% limit of its paid up equity capital which was confirmd by the Reserve Bank of India vide its letter dated 8 December 2005 has been crossed and the company is taking necessary steps to increase the cap to a higher limit.
Axis Bank turns ex-dividend today, 5 July 2013, for dividend of Rs 18 per share for the year ended 31 March 2013 (FY 2013).
Pidilite Industries turns ex-dividend today, 5 July 2013, for dividend of Rs 2.60 per share for the year ended 31 March 2013 (FY 2013).
Zensar Technologies turns ex-dividend today, 5 July 2013, for final dividend of Rs 4.50 per share for the year ended 31 March 2013 (FY 2013).
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