HDFC's board of directors has approved and declared closure of the qualified institutional placement (QIP) issue yesterday, 5 March 2018. It also determined and approved issue of 1.03 crore shares at Rs 1825 per share to be allotted to eligible institutional buyers in the QIP. The announcement was made after market hours yesterday, 5 March 2018.
Bank of Baroda has kept its Marginal Cost of Funds based Lending Rate (MCLR) unchanged, applicable from 7 March 2018. MCLR for overnight loans will be 7.80%, for one month will be 7.85% and for three months will be 7.95%. The MCLR on 6-month loans will be 8.15% and for one-year loans the rate would be 8.30%, the bank said. The announcement was made after market hours yesterday, 5 March 2018.
JSW Energy has on 5 March 2018 acquired JSW Electric Vehicles. Consequent to this acquisition, JSW Electric Vehicles is now a wholly owned subsidiary of JSW Energy. The acquisition falls within related party transaction. The announcement was made after market hours yesterday, 5 March 2018.
Ramco Cements has entered into an agreement with Ramco Industries, a related party, for acquisition of their clinker grinding unit situated at Kharagpur, West Bengal for Rs 17 crore. The announcement was made after market hours yesterday, 5 March 2018.
Bharat Wire Ropes said its board will meet on 9 March 2018 to consider raising funds by way of issue of securities including but not limited to equity shares and/or American Depository Receipts (ADR) and/or Global Depository Receipts (GDR) and/or any other securities convertible into equity shares and/or non-convertible debentures with or without warrants, through further public offer (FPO)/ qualified institutions placement (QIP)/ preferential issue (PI)/ right issue (RI) or through, any other permissible mode or a combination thereof, as may be permitted under applicable laws, subject to approval of the members of the company, if required and other appropriate approvals. The announcement was made after market hours yesterday, 5 March 2018.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app