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SIS in spotlight ahead of listing

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of Security and Intelligence Services (India) (SIS) get listed on the stock exchanges today, 10 August 2017. The issue price is fixed at Rs 815 per share. Promoted by Ravindra Kishore Sinha and Rituraj Kishore Sinha, SIS is a leading provider of private security and facility management services in

The initial public offer (IPO) of SIS which concluded on 2 August 2017, received strong response from investors. It was subscribed 7.07 times. The IPO price band was fixed at Rs 805-815 per share.

Tata Motors' consolidated net profit rose 41.59% to Rs 3200 crore on 9.92% drop in revenue to Rs 58651 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 9 August 2017. Revenue was lower due to translation impact from Pound to Rupee.

The operating performance broadly reflects lower wholesale volumes for Jaguar Land Rover business excluding the China joint venture, and continuation of higher competitive incentive levels and launch and growth costs seen in FY 2017. In standalone business, a significant de-growth in the medium & heavy commercial vehicles (M&HCV) segment, flat light commercial vehicles (LCV) segment and moderate growth in passenger vehicle segment was seen.

Aurobindo Pharma's consolidated net profit fell 11.4% to Rs 518.51 crore on 2.3% decline in net sales to Rs 3621.07 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 9 August 2017.

Eicher Motors' consolidated net profit rose 22.1% to Rs 459.62 crore on 28.5% growth in net sales to Rs 1991.78 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 9 August 2017.

NMDC's net profit rose 36.2% to Rs 969.20 crore on 65.1% growth in net sales to Rs 2841.53 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 9 August 2017.

Union said that the committee of directors for raising of capital funds resolved and approved raising of equity capital through public issue (FPO) and/or right issue and/or private placement including qualified institutional placement for an amount up to Rs 2000 crore in first tranche during financial year ending 31 March 2018 (FY 2018). The announcement was made after market hours yesterday, 9 August 2017.

NHPC said that it has signed power purchase agreement (PPA) with BSES Yamuna Power (BYPL) on 8 August 2017 in respect of seven power stations namely Bairasiul, Salal, Tanakpur, Chamera-I, Uri-I, Sewa II and Chamera-III for a period of 35 years from the date of commercial operation date of respective power stations. The announcement was made after market hours yesterday, 9 August 2017.

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

First Published: Thu, August 10 2017. 08:16 IST
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