S Chand and Company will list on the secondary equity market today, 9 May 2017. The company priced the initial public offer (IPO) at Rs 670 per share, the top end of the Rs 660 - Rs 670 per share price band for the IPO. The IPO closed on 28 April 2017. It was subscribed 59.49 times, with total bids for 45.72 crore shares.
On a consolidated basis, Bharti Infratel's net profit fell 16.95% to Rs 596.60 crore on 13.20% increase in net sales to Rs 1605.30 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 8 May 2017.
ABB India's net profit rose 3.2% to Rs 88.17 crore on 8.4% increase in net sales to Rs 2146.04 crore in Q1 March 2017 over Q1 March 2016. The orders received in Q1 March 2017 was Rs 2342 crore. An order backlog of Rs 12023 crore, as on 31 March 2017, provides solid visibility for future revenue, the company said in a statement. The result was announced after market hours yesterday, 8 May 2017.
Novartis India announced that Novartis AG (NVS AG) entered into an asset sale agreement with Torrent Pharmaceuticals, pursuant to which NVS AG has agreed to sell to Torrent Novartis brand (Regestrone) including the intellectual property rights residing in the related product dossier. The transaction was approved by the Competition Commission of India on 20 April 2017. Accordingly it may be noted that, effective 8 May 2017, Novartis India will cease to have the ability to market or otherwise use the brand in any manner whatsoever. The announcement was made after market hours yesterday, 8 May 2017.
Smartlink Network Systems said it has made an additional investment of Rs 1 crore in its wholly owned subsidiary Telesmart SCS. The announcement was made after market hours yesterday, 8 May 2017.
Eros International Media announced that it signed a significant television syndication deal with Zee, a leading Indian global television network, for a slate of its forthcoming releases this year, including Sarkar 3, Munna Michael and Shubh Mangal Savdhaan. The announcement was made after market hours yesterday, 8 May 2017.
The multi-film deal with Zee gives the channel syndication rights to the third installment of one of the most impactful franchises of Indian cinema, Ram Gopal Varma's Sarkar 3 starring Amitabh Bachchan which will be released worldwide on 12 May 2017. Tiger Shroff and Sabbir Khan's action-packed musical Munna Michael which is scheduled for release on 21 July 2017 and a quirky romantic comedy Shubh Mangal Savdhaan by south director RS Prasanna, starring Ayushyamann Khurana and Bhumi Pednekar, set to be release on 1 September 2017.
Skipper said it has been certified by The Equipment and Materials Test Laboratory (LAPEM). The certification was completed post visit of LAPEM representatives to the company's manufacturing units for a rigorous audit of the manufacturing and quality processes. With this certification, Skipper now gets an entry into the highly potential Mexican Power Transmission market.
LAPEM is a Federal Electricity Commission (CFE) organization that provides specialized engineering studies, laboratory and field tests on equipment and materials, as well as quality management systems and supplies. CFE is owned by the Mexican Government which generates, distributes and markets electric power, for supplying Power Transmission & Distribution structures to the Mexican Market. The announcement was made after market hours yesterday, 8 May 2017.
G M Breweries turns ex-dividend today, 9 May 2017, for dividend of Rs 3 per share for the year ended 31 March 2017 (FY 2017).
GPT Infraprojects turns ex-dividend today, 9 May 2017, for interim dividend of Rs 1.50 per share for FY 2017.
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