Maruti Suzuki in focus after announcing production for November 2019

Maruti Suzuki will be in focus after it released the production figures of the company for the month of November, 2019. Maruti overall sales increased to 141834 in November 2019 from 135946 units in November 2018. Total Passenger Vehicles increased to 139084 units in November 2019 from 134149 units in November 2018.

ITC said that the company has acquired, in the first tranche, 100 equity shares of Rs 10 each and 1,864 Compulsorily Convertible Preference Shares of Rs 10 each of Delectable Technologies Private Limited, representing 11.15% of its share capital on a fully diluted basis. The announcement was made after market hours yesterday, 6 December 2019. Delectable Technologies is engaged in fabricating vending machines and app based sale of FMCG products through such machines. On 13 November 2019, ITC said it has agreed to acquire, in four tranches over a period of 12 months, up to 33.42% of the share capital of Delectable Technologies on a fully diluted basis.

 

Bank of India said the board of directors has considered and approved the issuance of upto 125 crore fresh equity shares through QIP, public issue, rights issue, private placement, or such other mode of issue as permitted at an appropriate time. The bank said its board has also approved issuance of such securities (including Tier I, Tier II bonds, preference shares) which may be classified for Tier I and/or Tier II capital on a private placement / public issue basis, in one or more tranches upto an amount of Rs 10,000 crore at an appropriate time.

Allahabad Bank said its Board of Directors of the Bank in its meeting held on date, inter alia, approved for raising of Tier 2 capital of the Bank by floating Basel III compliant Tier 2 Bonds aggregating upto Rs 1500 crore in one or more tranches during FY 2019-20.

NBCC (India) said it has received an order from Department of Revenue, Ministry of Finance, Govt. of India for construction of Rajaswa Bhawan, National Tax Headquarters, New Delhi wherein NBCC will work as Project Management Consultant. The estimated project cost is Rs 621 crore (approx.).

IRB Infrastructure Developers said Board of Directors of the Company has approved the issuance of Secured, Redeemable, Unlisted Non-Convertible Debentures ('NCDs') amounting to Rs 1,400 crore on a private placement basis, being proposed to be allotted in one or more tranches/series, to eligible investors permitted to invest in NCDs under applicable law. The Board has further authorized the Management Administration and Share Transfer Committee of the Board to allot NCDs to eligible investors and to take all such steps which are incidental and ancillary to the issuance of the NCDs.

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