HDFC Bank in focus as board to consider special dividend

HDFC Bank said that the board of directors of the bank, at its meeting scheduled on Saturday, 20 July 2019, will consider declaration of a special interim dividend, for the financial year 2019-2020, to commemorate 25 years of operations. The announcement was made after market hours yesterday, 15 July 2019.

HDFC has filed term sheet for issuing secured redeemable non-convertible debentures worth Rs 5000 crore on private placement basis. HDFC said that the coupon rate on debentures is 7.87% per annum. The tenor of the debentures is three years, with redemption date being 18 July 2022. The issue opens and closes on the same day on 17 July 2019. The announcement was made after market hours yesterday, 15 July 2019.

State Bank of India said that an aggregate penalty of Rs 7 crore was imposed on bank for non-compliance with the directions issued by RBl. The statutory inspection of the bank with reference to its financial position as on 31 March 2017 revealed violation of directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms etc. The announcement was made after market hours yesterday, 15 July 2019.

Ashok Leyland said that the company's plant situated at Pantnagar will remain closed from 16 July 2019 to 24 July 2019 (both days inclusive), owning to weak demand and outlook for the industry. The announcement was made after market hours yesterday, 15 July 2019.

The NSE said that no futures and options contracts will be available for trading in the equity segment for Dewan Housing Finance Corporation (DHFL) from 27 September 2019. All existing F&O contracts will expire on 26 September 2019. The announcement was made after market hours yesterday, 15 July 2019.

Tata Metaliks' net profit dropped 35.44% to Rs 19.62 crore on 7.34% rise in total income to Rs 503.43 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours yesterday, 15 July 2019.

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