Grasim Industries will be watched. The company said that the National Company Law Tribunal (NCLT), bench at Ahmedabad, approved of the merger of Aditya Birla Nuvo (ABNL) and Grasim Industries to be followed by the listing of Aditya Birla Financial Services (ABFSL). The announcement was made after market hours yesterday, 5 June 2017.
State Bank of India (SBI) has reportedly raised Rs 15000 crore from domestic and foreign institutional investors through qualified institutional placement (QIP) of shares. The IPO closed today, 6 June 2017, morning and is believed to have received demand in excess of Rs 20000 crore, media reported.
SBI announced after market hours yesterday, 5 June 2017, that the meeting of the committee of directors will be held on Thursday, 8 June 2017, to consider and approve the issue price for the equity shares under the QIP. The floor price of the QIP was fixed at Rs 287.58 each for a face value of Re 1 each. The bank said in a statement that it may offer a discount of not more than 5% to the floor price.
Wipro issued clarification to the stock exchanges regarding media news item titled "Wipro promoters in early stage of evaluating sale of part or whole business. The company said that the news article is baseless and malicious. There is no truth to these unsubstantiated rumors, it added. The announcement was made after market hours yesterday, 5 June 2017.
Cadila Healthcare announced after market hours yesterday, 5 June 2017, that its formulations manufacturing facility at Baddi has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA). This receipt of EIR indicates the successful closure of the inspection points (483s) raised based on the inspection carried out between 21 February 2017 to 1 March 2017.
The board of Adani Power will meet later today, 6 June 2017, to consider slump sale of its mundra power generating business undertaking to its subsidiary company, namely, Adani Power (Mundra).
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