Sharda Cropchem debuts on the secondary equity market today, 23 September 2014. The company had priced the initial public offer (IPO) at the top end of the Rs Rs 145 to Rs 156 price band. The IPO of Sharda Cropchem was subscribed 59.97 times. The IPO received bids for 114.96 crore shares compared with 1.91 crore shares on offer, as per NSE data. The issue opened for subscription on 5 September 2014 and closed on 9 September 2014.
Reliance Industries (RIL) said that its subsidiary Reliance Jio Infocomm (Reliance Jio) and Indus Towers have signed a master services agreement (MSA) for tower infrastructure sharing. Under the agreement, Reliance Jio would utilize the telecom tower infrastructure services being provided by Indus Towers to launch its services across the country. As per the agreement, the pricing would be based on prevailing market rates. Indus Towers in an independently managed company offering passive infrastructure services to all telecom operators.
Engineers India (EIL) has secured a consultancy contract from Assam Petrochemicals for their proposed 500 TPD methanol plant and 200 TPD acetic acid plant at Namrup, Assam. EIL scope under the contract involves license, engineering, procurement and construction management services for methanol ISBL plant & integrated osbl plant of 500 TPD for methanol & 200 TPD acetic acid plant, with a completion schedule of 36 months.
Pidilite Industries said that its board of directors approved the acquisition of the adhesive business of Blue Coat on a slump sale basis for a consideration of Rs 263.57 crore.
CESC after market hours on Monday, 22 September 2014, said its board of directors at a meeting held on 22 September 2014, resolved to issue offer and allot, subject to the approval of the shareholders of the company equity share/fully convertible debentures/partly convertible debentures/non-convertible debentures with warrants/any other securities (collectively referred to as QIP securities) to qualified institutional buyers (QIBs) on private placement basis in one or more tranches, at par or at such price or prices, and on such terms and conditions as may be determined later, provided that the aggregate amount to be raised by issue of QIP securities shall not exceed a sum of $150 million or rupee equivalent thereof. At the aforesaid meeting, it has also been decided to hold a general meeting of the shareholders of the company for the above purpose on 18 October 2014.
IFCI after market hours on Monday, 22 September 2014 said it will partially disinvest its shareholding in Tourism Finance Corporation of India in financial year 2014-15.
Bharati Shipyard after market hours on Monday, 22 September 2014 in a clarification said that as per the CDR norms, State Bank of India, the lead bank, at the instruction of CDR banks, has decided to sell the non-core asset of Bharati Shipyard, which has been charged to lenders and was in their possession, in order to reduce the liability of the company. To comply with the CDR requirements, State Bank of India and other lender banks have formed an asset sale committee and bids were invited and the successful bidder being Ghatge Patil Industries has purchased the wind mill. Accordingly, the banks have sold the wind mill and the money has come to TRA account in State Bank of India. Bharati Shipyard issued the above clarification with regard to news item titled "Bharati Shipyard sells wind power business for Rs.55 crore."
Kitex Garments after market hours on Monday, 22 September 2014, said its board of directors at a meeting held on 22 September 2014, approved opening a merchandising Office in USA as an LLC with 50% investment and other modalities are being worked out.
Pricol after market hours on Monday, 22 September 2014 said that a petition under Section 391 and 394 of the Companies Act, 1956 for sanctioning of the Scheme of Amalgamation of Xenos Automotive with Pricol was presented by the company on 28 August 2014 and said petition is fixed for hearing before the company Judge on 29 September 2014.
Surana Telecom and Power's board of directors at its meeting held on Monday, 22 September 2014, approved 5-for-1 stock split.
Surana Ventures' board of directors at its meeting held on Monday, 22 September 2014, approved 2-for-1 stock split.
IIFL Holdings turns ex-dividend today, 23 September 2014, for interim dividend of Rs 3 per share for the year ending 31 March 2015.
Rolta India turns ex-dividend today, 23 September 2014, for final dividend of Rs 2.25 per share for the year ended 31 March 2014.
SKF India turns ex-dividend today, 23 September 2014, for interim dividend of Rs 7.50 per share for the year ending December 2014.
SMS Pharmaceuticals turns ex-dividend today, 23 September 2014, for dividend of Rs 2 per share for the year ended 31 March 2014.
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