Axis Bank, M&M, Bharti Infratel in focus

Axis Bank said its board will consider borrowing / raising funds in Indian Currency / Foreign Currency by issue of debt instruments including but not limited to Bonds and Non-Convertible Debentures on 28 April 2020.

Mahindra & Mahindra (M&M) said that the Loans & Investment Committee has approved issuance and offer of 6.78%, 10,000 nos. of Rated, Listed, Unsecured, Redeemable Non-convertible Debentures of Rs 10 lakh each aggregating Rs 1,000 crore for cash at par, (NCDs) on private placement basis.

Bharti Infratel reported 6.9% rise in consolidated net profit to Rs 649.50 crore on 0.35% rise in total income to Rs 1,965.20 crore in Q4 March 2020 over Q4 March 2019.

Ashok Leyland said that the company has in tranches, acquired 15796406 shares of Rs 10/- each, constituting 3.36% of the paid-up equity share capital of Hinduja Leyland Finance (HLFL), a subsidiary of the company. Consequent to the aforesaid acquisition, the company's shareholding in HLFL stands increased from 65.45% to 68.81%.

Mahindra CIE Automotive reported 86.36% fall in consolidated net profit to Rs 20.79 crore on 23.83% fall in total income to Rs 1,667.59 crore in Q1 March 2020 over Q1 March 2019.

Goa Carbon said the company has resumed operations at its Paradeep Unit located at Vill. Udayabata, Paradeepgarh, Dist. Jagatsinghpur, Odisha, after taking necessary health and safety measures given the ongoing COVID-19 crisis.

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