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Sical Logistics may gain as board approves buying stake in subsidiary

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said that the company's board of directors at their meeting held yesterday, 10 October 2017 have in-principle approved the proposal to initiate the buying of 26% stake held by in the company's subsidiary Sical Iron Ore Terminals. The announcement was made after market hours yesterday, 10 October 2017.

Apollo Tyres said that the committee of directors approved the issue and to allottment of 6.30 crore equity shares to eligible QIBs at Rs 238 per share, aggregating to approximately Rs 1500 crore. The announcement was made after market hours yesterday, 10 October 2017.

Roto Pumps said that in order to enhance the product basket and to exploit the robust marketing infrastructure, the company has launched a range of external gear pumps. This product will be marketed globally. The announcement was made after market hours yesterday, 10 October 2017.

Bodal Chemicals said that a meeting of the qualified institutional placement (QIP) Committee will be held on 13 October 2017 to consider and approve the issue price, including a discount, if any on the floor price, as permitted under the SEBI ICDR Regulations, for the shares to be allotted to qualified institutional buyers, pursuant to the QIP. The announcement was made after market hours yesterday, 10 October 2017. The board approved the opening of the QIP on 10 October 2017. The floor price for the QIP was fixed at Rs 166.73 per share.

PSP Projects said that it has been awarded main contract works at Surat Diamond Bourse, Khajod valued at Rs 1575 crore. The announcement was made after market hours yesterday, 10 October 2017.

Coal India said that memorandum of agreement for National Coal Wage Agreement-X has been signed on 10 October 2017 for a period of 5 years from 1 July 2016 to 30 June 2021. This agreement will impact 2.98 lakh coal workers and the total estimated avergae annual impact would be Rs 5667 crore. The announcement was made after market hours yesterday, 10 October 2017.

PVR has introduced PVR PRIVILEGE, a class-leading loyalty program for its ever growing patron base. The loyalty program offers members an enriched array of first class redemption opportunities and enhanced benefits. The announcement was made after market hours yesterday, 10 October 2017.

Syndicate Bank kept Marginal Cost of Funds Based Lending Rates (MCLR) unchanged across the various tenors with effect from 10 October 2017. The announcement was made after market hours yesterday, 10 October 2017. The base rate and benchmark prime lending rate was also kept unchanged.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 11 2017. 08:43 IST
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