Fortis Healthcare in spotlight after raising funds

Fortis Healthcare announced the completion of the preferential allotment of 37.37 lakh shares to Standard Chartered Private Equity Mauritius III Limited (SCPE), successfully bringing to a close its current phase of fund raising initiatives. With this allotment, Fortis has cumulatively raised Rs 1040 crore, this year, through equity and equity linked instruments. The cumulative investment by SCPE in the company is estimated at about Rs 250 crore.

A clutch of public sector entities - Rashtriya Chemicals and Fertilisers (RCF), Coal India, GAIL India and Fertiliser Corporation of India (FCIL) - has formed a consortium to revive the sick unit of FCIL at Talcher at a cost of Rs 8000 crore to manufacture urea and ammonium nitrate through coal gasification. The proposed unit at Talcher, which is expected to be commissioned by 2017, will manufacture 1.2 million tonnes per annum (mtpa) of urea and ammonium nitrate.

To streamline its supply chain, Tata Motors is reportedly planning to reduce the number of parts suppliers by one-third in three-four years as it gears up to introduce new cars. According to reports, the company aims to have only one supplier for each part that goes into making a car to ensure consistent quality and reduce costs.

State-run Bhel's electronics division has reportedly bagged an order worth Rs 96 crore from NTPC to set up a 15 megawatts solar power plant in Uttar Pradesh.

Bhel turns ex-dividend today, 6 September 2013, for final dividend of Rs 3.29 per share for the year ended 31 March 2013.

BPCL turns ex-dividend today, 6 September 2013, for dividend of Rs 11 per share for the year ended 31 March 2013.

Coal India turns ex-dividend today, 6 September 2013, for final dividend of Rs 4.30 per share for the year ended 31 March 2013.

United Breweries turns ex-dividend today, 6 September 2013, for dividend of 70 paise per share for the year ended 31 March 2013.

Balmer Lawrie & Company turns ex-dividend today, 6 September 2013, for dividend of Rs 17.60 per share for the year ended 31 March 2013.

Bharat Electronics turns ex-dividend today, 6 September 2013, for final dividend of Rs 16.30 per share for the year ended 31 March 2013.

HEG turns ex-dividend today, 6 September 2013, for dividend of Rs 8 per share for the year ended 31 March 2013.

India Cements turns ex-dividend today, 6 September 2013, for dividend of Rs 2 per share for the year ended 31 March 2013.

PC Jeweller turns ex-dividend today, 6 September 2013, for dividend of Rs 1 per share for the year ended 31 March 2013.

Tamil Nadu Newsprint & Papers turns ex-dividend today, 6 September 2013, for dividend of Rs 5 per share for the year ended 31 March 2013.

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