DLF in focus on setting price band for share sale

DLF said that the equity issuance committee of the board of directors of the company in its meeting held on 11 May 2013 has finalised tomorrow, 14 May 2013 as the issue opening and closing date for the proposed issue of upto 8.1 crore shares to eligible qualified institutional buyers. Further, the floor price has been finalised at Rs 222 per equity share with price band of Rs 222 to Rs 233 per share.

Siemens said on Saturday, 11 May 2013 that the company has fixed 15 May 2013, as the record date for the purpose of determining the members of Winergy Drive Systems India to whom the equity shares will be issued and allotted by the company consequent upon the amalgamation of Winergy Drive Systems with the company with effect from 31 March 2013.

Bank of Baroda unveils Q4 results today, 13 May 2013.

Dena Bank's net profit declined 50.67% to Rs 125.67 crore on 17.23% growth in total income to Rs 2539.74 crore in Q4 March 2013 over Q4 March 2012. The result was announced after market hours on Saturday, 11 May 2013.

Dena Bank's ratio of gross non-performing assets (NPAs) to gross advances increased to 2.19% as on 31 March 2013, from 2.09% as on 31 December 2012 and 1.67% as on 31 March 2012. The ratio of net NPAs to net advances increased to 1.39% as on 31 March 2013, from 1.31% as on 31 December 2012 and 1.01% as on 31 March 2012.

Dena Bank's capital adequacy ratio (CAR) as per Basel II norms stood at 11.03% as on 31 March 2013, as against 11.47% as on 31 December 2012 and 11.51% as on 31 March 2012.

Dena Bank's provision and contingencies rose 17.46% to Rs 341.95 crore in Q4 March 2013 over Q4 March 2012. The bank's provision coverage ratio stood at 69.58% as on 31 March 2013.

Dena Bank raised Rs 850 crore by way of subordinated debts for Tier II capital during FY 2013.

Dena Bank's net profit rose 0.9% to Rs 810.38 crore on 29.53% growth in total income to Rs 9554.85 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

Dena Bank's board of directors at a meeting held on Saturday, 11 May 2013, proposed dividend of Rs 4.70 per share for FY 2013.

Unichem Laboratories reported 33.5% rise in net profit to Rs 31.03 crore on 26.7% rise in net sales to Rs 241.23 crore in Q4 March 2013 over Q4 March 2012.

JK Cement reported 33.7% fall in net profit to Rs 56.20 crore on 4.6% fall in net sales to Rs 768.81 crore in Q4 March 2013 over Q4 March 2012.

Net profit of Kewal Kiran Clothing rose 32.88% to Rs 16.49 crore in the quarter ended March 2013 as against Rs 12.41 crore during the previous quarter ended March 2012. Sales rose 14.46% to Rs 76.37 crore in the quarter ended March 2013 as against Rs 66.72 crore during the previous quarter ended March 2012.

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