HDFC Bank will be in focus as shares allotted by the private sector bank to institutional investors under Qualified Institutional Placement (QIP) are admitted for trading on the bourses today, 12 February 2015. A total of 1.87 crore shares will be admitted for trading. HDFC Bank had priced the issue of shares to institutional investors at Rs 1,067 per share. Shares of HDFC Bank had risen 0.27% to settle at Rs 1,058.50 on BSE yesterday, 11 February 2015.
It may be recalled that HDFC Bank had early this month raised Rs 2000 crore from the QIP issue. The private sector bank had also raised about $1.27 billion from issue of American Depository Receipts (ADR) early this month.
Bharat Heavy Electricals (Bhel), Cipla, Coal India and Hindalco Industries unveil their Q3 December 2014 result today, 12 February 2015.
Reliance Industries (RIL) after market hours yesterday, 11 February 2015 in a clarification with regard to news item titled "Reliance Industries seeks damages for contract area being taken away" said that the company has issued an arbitration notice on 15 January 2015, against a Government of India decision on relinquishment of part of KG-D6 area. The company is assessing the implications of such relinquishment and will take necessary actions on the arbitration at the appropriate time, RIL said.
L&T after market hours yesterday, 11 February 2015 in a clarification with regard to news item titled "L&T, BEL consortia set to get Rs. 40,000-crore project" said that the company has neither issued any media release on this subject nor interacted with the media. L&T further added that it does not have any official communication from Government in the said matter.
Power Grid Corporation of India's (PGCIL) net profit rose 17.93% to Rs 1228.91 crore on 18.07% growth in total income to Rs 4486.11 crore in Q3 December 2014 over Q3 December 2013. The result was announced after market hours yesterday, 11 February 2015.
Grasim Industries said that the Board of Directors of the company at its meeting held yesterday, 11 February 2015, has considered and approved a proposal to merge Aditya Birla Chemicals (India) (ABCIL) with the Company in terms of a Scheme of Amalgamation subject to all regulatory approvals. The swap ratio approved by the Board is 1 share of of Grasim for every 16 shares of ABCIL. Grasim will issue 14.62 Lakh new shares, which will increase its share capital to Rs 93.31 crore.
Grasim Industries said that the proposed merger will consolidate Aditya Birla Group's Chlor - Alkali business into Grasim and strengthen its existing portfolio of viscose staple fibre, caustic soda and allied chemicals in standalone company, the company said. The merger will enable the geographical diversification for Grasim through the addition of ABCIL's manufacturing facilities spread across the country. It also enables the business to capitalize growth opportunities by bringing in operational and financial synergies, backed by Grasim's strength. The consolidation is in line with Aditya Birla Group's philosophy to unify similar business in one company, it added.
Container Corporation of India's net profit rose 20.6% to Rs 301.08 crore on 15.7% rise in total income to Rs 1537.01 crore in Q3 December 2014 over Q3 December 2013.
MMTC reported net loss of Rs 20.76 crore in Q3 December 2014, higher than net loss of Rs 8.71 crore in Q3 December 2013. Total income rose 15.5% to Rs 5573.32 crore in Q3 December 2014 over Q3 December 2013.
Bata India's net profit fell 33.76% to Rs 34.94 crore on 3.1% decline in total income to Rs 544.72 crore in Q4 December 2014 over Q4 December 2013. The result was announced after market hours yesterday, 11 February 2015.
Rajeev Gopalakrishnan, Group Managing Director, Bata Emerging Markets, Bata India said that the company's Q4 performance was affected by teething problems relating to introduction of new supply chain IT systems. Issues have now been addressed and resupplies have resumed. The company continues to invest behind various activities like new channels and stores to address the growing consumer demand & preferences, Rajeev Gopalakrishnan said. The last quarter saw an opening of more than 50 stores and the company has an aggressive plan of expanding our retail presence across the country in 2015, he added.
Bata India's board of directors at its meeting held yesterday, 11 February 2015, noted that Way Finders Brands (WFBL) has become a wholly owned subsidiary of Bata India with effect from 10 February 2015. The entire share capital of Rs 10 lakh of WFBL is held by the company and its nominees, Bata India said.
On a consolidated basis, Voltas' net profit surged 73.4% to Rs 107.37 crore on 6.6% rise in total income to Rs 1215.69 crore in Q3 December 2014 over Q3 December 2013.
Mahindra CIE Automotive's net profit surged 777.3% to Rs 13.16 crore on 325.8% growth in total income to Rs 387.91 crore in Q3 December 2014 over Q3 December 2013.
India Cements' reported net loss of Rs 11.68 crore in Q3 December 2014 as compared to net profit of Rs 0.42 crore in Q3 December 2013. Total income rose 0.2% to Rs 1040.60 crore in Q3 December 2014 over Q3 December 2013.
India Cements said the Board of Directors of the company at its meeting held on 11 February 2015, approved a proposal for reorganisation of Chennai Super Kings Cricket, the company's wholly-owned subsidiary, under which the ownership of the Franchise will be held by shareholders of The India Cements.
PI Industries' net profit surged 79.25% to Rs 62.22 crore on 39.04% growth in total income to Rs 510.85 crore in Q3 December 2014 over Q3 December 2013.
Berger Paints India turns ex-dividend today, 12 February 2015, for interim dividend of Rs 0.60 per share for the year ending 31 March 2015.
Financial Technologies (India) turns ex-dividend today, 12 February 2015, for third interim dividend of Rs 5 per share for the year ending 31 March 2015.
Godrej Consumer Products turns ex-dividend today, 12 February 2015, for third interim dividend of Re 1 per share for the year ending 31 March 2015.
Wheels India turns ex-dividend today, 12 February 2015, for interim dividend of Rs 3 per share for the year ending 31 March 2015.
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