Fund raising plan may boost Bank of Baroda

The Capital Raising Committee of Bank of Baroda has approved issuance of Basel III Compliant Additional Tier I Bonds for aggregate total issue size not exceeding Rs 1650 crore, with a base issue size of Rs. 500 crore and a Green Shoe Option to retain oversubscription up to Rs 1150 crore. The Committee also approved issuance of Basel III Compliant Tier II Capital Bonds for aggregate total issue size not exceeding Rs 500 crore, with a base issue size of Rs 250 crore and a Green Shoe Option to retain oversubscription up to Rs 250 crore. The announcement was made after market hours yesterday, 26 August 2019.

Infosys said that the buyback committee has approved the closure of the buyback with effect from 26 August 2019, prior to the expiry of six months from the commencement date. The company has bought back 11.05 crore equity shares at an average price of Rs 747.38 per share and deployed an amount of Rs 8259.99 crore utilising 99.999999% of the maximum buyback size. The announcement was made after market hours yesterday, 26 August 2019.

Pidilite Industries has entered into a joint venture with Chetana Expotential Technologies (Chetana), a Bangalore based engineering technologies company, to establish a Joint Venture Company (JV company) in India. Chetana has invented a technology in the field of Post Compressed Aerated Concrete Wall Panels. The JV company will be responsible for deploying this innovative technology and other ancillary products in projects in India, Sri Lanka and Bangladesh. The company shall be the majority partner in this joint venture. The announcement was made after market hours yesterday, 26 August 2019.

The board of directors of Kajaria Ceramics approved the Scheme of Amalgamation for merger of Kajaria Tiles Private Limited (formerly known as Kajaria Floera Ceramics Private Limited), wholly-owned subsidiary of the company with the company.

Kingfa Science & Technology (India) said that it has started trial production at its new factory located at Plot No. F-5/5, Chakan Industrial Area, Pune. The announcement was made after market hours yesterday, 26 August 2019.

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