Yes Bank in spotlight on fund raising proposal

Yes Bank said that its Capital Raising Committee (CRC) would consider a potential issuance of second tranche of Notes under the Medium Term Note Programme of the bank, within the limits permitted by regulatory authorities, on or after 21 March 2018. The announcement was made after market hours on Friday, 16 March 2018.

It may be recalled that Yes Bank had informed in November 2017 that the CRC of the board of directors of the bank had approved the setting up of the Medium Term Note Programme of the bank aggregating to an amount of $1 billion, out of which $600 million has already been drawn in the first tranche.

 

Axis Bank said it has reviewed and retained the marginal cost of funds based lending rates (MCLRs) across all tenors effective from 17 March 2018. The bank's MCLRs vary between 7.85% and 8.5% ranging from overnight to three-year tenors. The announcement was made after market hours on Friday, 16 March 2018.

Grasim Industries said that the production capacity of Epoxy Resin, Reactive Diluents and Hardeners at company's Epoxy Plant at Vilayat ( Gujarat) has increased from 82,350 million tons per annum (MTPA) to 1,23,097 MT per annum through de-bottlenecking process. The announcement was made after market hours on Friday, 16 March 2018.

NBCC (India) said it has secured the total business of Rs 242 crore in February 2018. The announcement was made on Saturday, 17 March 2018.

D B Realty said that its wholly owned subsidiary Real Gem Buildtech arrived at an arrangement with and entered into a development management agreement with Kingmaker Developers, a Group of Rustomjee (a subsidiary of Keystone Realtors) for the development management of real estate project at DB Crown, Situated at Gokhale Road, Prabhadevi, Mumbai. The arrangement is subject to approval of the lender, who has extended financial facilities for the execution of the project, the company said. The announcement was made on Sunday, 18 March 2018.

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