NMDC after market hours yesterday, 4 June 2015 said that its production of iron ore (provisional) upto the month of May 2015 stood at 4.14 million tonnes compared with the production of 4.94 million tonnes upto the month of May 2014. Sales of iron ore upto the month of May 2015 stood at 4.54 million tonnes compared with sales of 5.74 million tonnes upto the month of May 2014.
TCS turns ex-dividend today, 5 June 2015, for final dividend of Rs 24 per share for the year ended 31 March 2015.
Shares of Nestle India will be in focus after the company before market hours today, 5 June 2015 said that Maggi Noodles are completely safe and have been trusted in India for over 30 years. The trust of consumers and the safety of products is the company's first priority, Nestle India said. Unfortunately, recent developments and unfounded concerns about the product have led to an environment of confusion for the consumer, to such an extent that Nestle India has decided to withdraw the product off the shelves, despite the product being safe, the company said. The company promises that the trusted Maggi Noodles will be back in the market as soon as the current situation is clarified, it added.
Just Dial said that the board of directors of the company at its meeting held on 4 June 2015, has approved the proposal to buyback the fully paid-up equity shares of face value of Rs 10 each of the company from the shareholders of the company on a proportionate basis through a tender offer (Buy-back). The Buy-back shall be up to 25% of the aggregate of paid-up capital and free reserves of the company at a maximum price Rs 1550 per share.
Central Bank of India said that Capital Raising Committee of the board of directors of the bank at its meeting held on 4 June 2015, approved the proposal to raise Tier I capital upto Rs 5000 crore in one or more tranches during Financial year 2015-16 through various modes such as- QIP, Rights Issue, FPO, Private Placement, Preferential Issue, etc. subject to approval of Government of India, Reserve Bank of India and other statutory authorities (if any).
GVK Power & Infrastructure said that the company has acquired 100% equity share capital of GVK Airport Services on 4 June 2015 (10,000 equity shares of Rs 10 each) As a result, GVK Airport Services has become a wholly owned subsidiary of the company.
R Systems International said that a meeting of the board of directors of the company will be held on 9 June 2015 to discuss and approve setting up of a branch office / subsidiary of the company in New Zealand.
Cera Sanitaryware said that a meeting of the Board of Directors of the company will be held on 11 June 2015, to consider entering into a joint venture for sanitaryware and/or tiles manufacturing.
SKS Microfinance after market hours yesterday, 4 June 2015 said that it has decided to reduce the Interest rate charged from its borrowers from 23.55% to 22% on income generating loans to be extended on or after 1 July 2015. With the present reduction, SKS Microfinance said it charges the lowest rate among non-banking financial company - micro finance institutions (NBFC-MFIs) on its core income generating loans (IGL) which are unsecured micro loans. The development is consistent with the company's policy of passing on the cost advantages accruing from reduction in the cost of borrowing, economies of scale and operational efficiency to its borrowers, SKS Microfinance said in a statement.
Shares of Unitech will be in focus. With regard to news item titled "Unitech, JP Associates shares plunge on loan default talk, Unitech after market hours yesterday, 4 June 2015 said that rumours are being spread by certain segments of the market to profit from trading pertaining to Unitech defaulting on repayments to certain lenders, which are false and misleading. On the contrary Unitech has brought down its debt and other liabilities including telecom related liabilities significantly during the last financial year, the company said. In fact all the company's telecom related debt has been repaid, it added. Unitech said it has been focusing on scaling up its construction activities and expects to increase deliveries considerably during the current year. Contracted sales of Unitech from its existing projects will yield positive cash flows for the company as the construction progresses, enabling the company to service its loans and gradually bring down the overall debt, Unitech said in its clarification.
Anuh Pharma after market hours yesterday, 4 June 2015 said that its board of directors will meet on 12 June 2015, to consider issue of bonus shares.
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