Sanofi India reported 22.70% rise in consolidated net profit to Rs 97.30 crore on 14.01% rise in total income to Rs 851.10 crore in Q4 December 2019 over Q4 December 2018. The company recommendation final dividend of Rs 106 per equity share of Rs 10 each and one-time special dividend of Rs 243 per equity share of Rs 10 each for the year ended 31 December 2019. The total dividend recommended is Rs 349 per equity share of Rs 10 each for the year ended 31 December 2019.
Bandhan Bank said the Reserve Bank of India (RBI) has allowed Bandhan Bank to expand its branch network after considering the efforts made by the private lender to comply with the licensing conditions.
Wockhardt said India Ratings has revised the company's ratings for short-term Bank facilities to IND A4+/RWE from IND A4+ and long-term loan facilities rating to IND BB+/ RWE from IND BB+/ Negative. CARE Ratings also revised long-term bank facilities (Fund Based) as CARE BB+; (Under credit watch with positive implications); from CARE BB+; Stable.
Bajaj Healthcare said that the company has executed agreement with Vetpharma to purchase its manufacturing facilities of bulk drug and API comprising of immovable properties and movable properties including plant and machinery.
IRB Infrastructure Developers said it has bagged a contract for operating and collecting toll on Mumbai-Pune Expressway project under the toll-operate-toll model. The company has received a letter of acceptance from Maharashtra State Road Development Corporation for a period of 10 years and two months.
Godawari Power & Ispat said it has commenced commercial production at the Rolling Mill (capacity 4,00,000 tonnes per annum) and Iron Ore Beneficiation Plant having capacity of 10,00,000 tons per annum.
Yes Bank said that ratings agency CARE Ratings has placed bonds worth more than Rs 21,000 crore on credit watch with negative implications.
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