IDFC in focus after large bulk deal

TCS announced that Saudi Real Estate Refinance Company (SRC) has implemented a single, integrated technology platform for its core operations to refinance real estate, a first of its nature deployment in the Middle East region. TCS BaNCS will now service the complete mortgage refinancing lifecycle including the treasury function as well as finance, human resources and payroll administration through its partner network. The announcement was made after market hours yesterday, 20 March 2018.

Coffee Day Enterprises announced that it has entered into an agreement for exercising of voting rights with V.G.Siddhartha on 19 March 2018 wherein V. G. Siddhartha has agreed that with respect to 54.69 lakh share (i.e. 3.34%) of Mindtree owned by him, he shall vote alongside and in tandem with Coffee Day Enterprises. The title and ownership of 54.69 lakh shares of Mindtree shall continue to belong exclusively to V. G. Siddhartha. It has been clarified that no shares of Mindtree or voting rights with respect to 54.69 lakh shares of Mindtree have been transferred by V. G. Siddhartha. The announcement was made after market hours yesterday, 20 March 2018.

IDFC will be in spotlight after bulk deal. Copthall Mauritius Investment sold 96.74 lakh shares of IDFC to Baobab Global Fund at Rs 50 per share in a bulk deal on the BSE yesterday, 20 March 2018.

SKF India's board of directors at its meeting held on 20 March 2018 appointed Carl Orstadius as the Managing Director of the company for a period of one year with effect from 1 April 2018 or from the date of receipt of employment visa whichever is later. Rakesh Makhija, Chairman of the Board said that Carl Orstadius has nearly three decades of global experience with SKF Group. Carl has a strong track record of executing business turnarounds and managing very successful product and business development, Rakesh added. The announcement was made after market hours yesterday, 20 March 2018.

Transport Corporation of India's (TCI) division TCI Seaways announced capacity addition and business expansion of its domestic coastal shipping business through acquisition of another vessel in the West coast of India. The total investment made in the acquisition of the new ship is about Rs 48.80 crore. The financing for this new ship has been done through internal accruals and loan from banks. The announcement was made after market hours yesterday, 20 March 2018.

Ashoka Buildcon said it has emerged as the lowest bidder for two highway projects in Maharashtra at the financial bid opening meeting held on 20 March 2018. The aggregate cost quoted by the company for two projects is Rs 447.51 crore. The announcement was made after market hours yesterday, 20 March 2018.

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