NBCC (India) said it received Letter of Intent (LoI) from Department of Customs and Excise, Government of India for planning, designing & construction of office complex and residential quarters at Customs Enclave Plot, Wadala in Mumbai. The order is worth approximately to Rs 3200 crore on self-revenue generation model. The announcement was made after market hours yesterday, 20 September 2017.
Shares of Matrimony.com will make stock market debut today, 21 September 2017. The initial public offer (IPO) of Matrimony.com received bids for 1.24 crore shares as against 28.11 lakh shares on offer. The IPO was subscribed 4.44 times. The company had fixed the price band of the IPO at Rs 983-985 per share. The IPO opened on 11 September 2017 and closed on 13 September 2017.
Category wise, the qualified institutional buyers (QIBs) category was subscribed 1.88 times. The non institutional investors (NIIs) category was subscribed 0.41 times. The retail individual investors (RIIs) category was subscribed 18.16 times.
Godrej Properties announced that a meeting of the committee of directors will be held on Monday, 25 September 2017, to consider issuing unsecured non-convertible debentures (NCDs) on private placement basis, within the limits approved by the shareholders at the annual general meeting of the company held on 2 August 2017. The announcement was made after market hours yesterday, 20 September 2017.
Novartis India announced that a meeting of the board of directors of the company will be held on 25 September 2017, to consider a proposal for buyback of the company's equity shares, constitution of buyback committee, and appointment of intermediaries in accordance with all applicable provisions of law. The announcement was made after market hours yesterday, 20 September 2017.
ITDC informed that a Memorandum of Understanding (MoU) has been executed for transfer of Lalitha Mahal Palace Hotel, Mysore to State Government of Karnataka. The announcement was made after market hours yesterday, 20 September 2017.
Reliance Industries' (RIL) subsidiary Reliance Jio Infocomm (Jio) issued a press release to the stock exchanges in response to queries from media. Jio said it is committed to implementing the most efficient telecommunications network in India and passing on the benefits of technology to Indian customers. Jio offers free voice services to all its customers backed by a superior technology and has helped make India the world's largest mobile data consuming country within one year of commencement of services. The announcement was made after market hours yesterday, 20 September 2017.
Implementation of Bill & Keep regime will help in making services more affordable for Indian customers, Jio said. It should have been implemented in 2014 as envisaged in the 2011 Report submitted by TRAI to the Supreme Court and will be six years too late, it added.
Jio said it has always offered free voice services to its customers. There is no question of any advantage from the new interconnect usage charge (IUC) regulation to Jio as it has already passed on all the benefits to customers. It denied any benefits to Jio. At a time when the world is moving towards IP-based technologies, cost of voice has come down to a fraction of a paisa and the customers should enjoy this advantage, Jio said.
References to financial stress in the industry or the need for IUC to promote rural coverage again shows the attitude of the incumbent operators wherein IUC is being treated as a subsidy that the Indian customers must pay to sustain these operators financially, Jio said. On the contrary, it is a fact that the high cost IUC regime thus far has caused financial stress for the smaller and new operators, it added.
Shoppers Stop announced that the board of directors of the company approved execution of a commercial agreement with Amazon Seller Services, which shall come into force and effect from the receipt of all necessary approvals, as envisaged therein. The announcement was made after market hours yesterday, 20 September 2017.
SMS Pharmaceuticals said that its board will meet on 27 September 2017, to consider the proposal for joint venture, for the purpose of contract research organization (CRO) & contract manufacturing organization (CMO), between the company and Chemo S.A (Switzerland). The announcement was made after market hours yesterday, 20 September 2017.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
