Imcl
Indraprastha Medical zooms 20% after HDFC Bank offloads 3% stake
HDFC Bank said that out of 5.03 million equity shares held by it as on February 28, the Bank has sold 2.78 million shares
 "Indraprastha Medical zooms 20% after HDFC Bank offloads 3% stake")
Hinduja's IMCL raises Rs 757 cr
Hinduja Ventures Limited's media and entertainment arm IndusInd Media & Communications Limited (IMCL) has completed the rights issue of 36,953,438 equity shares of face value of Rs 10 each for cash at a premium of Rs 195/- per share aggregating to Rs 7,57,54,54,790 in the proportion of 1:2. As a result, it has received an amount of Rs 757.55 crore from the existing shareholders/renouncees in whose favour the shares were renounced.The funds thus raised will be used by IMCL to redeem the entire Redeemable Preference Shares of Rs 270.36 crore and repay its ICDs of Rs 370 crore. The balance Rs 120 crore will be used to fund the company's expansion in Phases III and IV of digitization programme of the Government of India.============
