ICICI Bank may gain on fund raising plan

ICICI Bank said that the Committee of Executive Directors constituted by the board of the bank is scheduled to have a meeting in the week of 5-9 February 2018 to consider, domestic fund raising by way of issuance of senior unsecured long term bonds/ Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in single/multiple tranches on private placement basis. The announcement was made after market hours yesterday, 1 February 2018.

Punjab National Bank said that meeting of board of directors of the bank is scheduled to be held on 6 February 2018 for considering capital infusion by Government of India up to Rs 5473 crore by way of preferential issue of equity share. The announcement was made after market hours yesterday, 1 February 2018.

Powergrid Corporation of India's net profit rose 5.7% to Rs 2040.83 crore on 13.2% rise in net sales to Rs 7506.95 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 1 February 2018.

Bajaj Auto and Hindalco Industries will announce Q3 results today, 2 February 2018.

Chambal Fertilisers & Chemicals said that Securities and Exchange Board of India vide its order dated 31 January 2018 has imposed a penalty of Rs 10 lakhs on Shyam Sunder Bhartia in relation to a matter pertaining to Jubilant Life Sciences. Shyam Sunder Bhartia is also a director and part of promoter group of Chambal Fertilisers and Chemicals. The announcement was made after market hours yesterday, 1 February 2018.

Jubilant FoodWorks said that it has noted the disclosure made by Jubilant Life Sciences (a company belonging to the Jubilant group of companies, which the company is a member of) and note that the promoters of the company, Shyam Sunder Bhartia and Hari Shankar Bhartia have, received an adjudication order from the Securities and Exchange Board of India imposing a penalty of Rs 10 lakhs on each of them. The announcement was made after market hours yesterday, 1 February 2018.

Grasim Industries said that with effect from 1 February 2018, the right to manage and operate the VSF business of Century Textiles and Industries has vested with the company. The announcement was made after market hours yesterday, 1 February 2018.

IL&FS Transportation Networks said that the Committee of Directors approved the allotment of, 1,000 secured rated, listed, redeemable, non-convertible debentures of the face value of Rs 10 lakh aggregating to Rs 100 crore on a private placement basis. The announcement was made after market hours yesterday, 1 February 2018.

TVS Motor Company registered a sales growth of 31% to 271,801 units in January 2018 over January 2017. The announcement was made after market hours yesterday, 1 February 2018.

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