Indian Energy Exchange to debut on bourses

Indian Energy Exchange debuts on the secondary equity market today, 23 October 2017. The company had priced the initial public offer (IPO) at the top end the Rs 1,645 to Rs 1,650 price band. The IPO opened for subscription on 9 October 2017. The issue closed on 11 October 2017. The IPO received bids for 1.20 crore shares and it was subscribed 2.28 times.

Hindustan Zinc and Indiabulls Housing Finance will announce July-September 2017 quarterly results today, 23 October 2017.

HCL Infosystems said it will raise Rs 499.09 crore from its existing shareholders by way of rights issue. The total number of equity shares to be issued is 10.61 crore. The company said the rights issue will be offered at a price of Rs 47, including a premium of Rs 45. The record date for the purpose of determining the shareholders eligible to apply for the equity shares in the rights issue is 1 November 2017. It further said the board has decided that the rights entitlement ratio is fixed at a ratio of 10 rights equity share for every 21 equity share held by eligible shareholders of the company. The announcement was made on Friday, 20 October 2017. The Indian stock market was shut on Thursday, 19 October 2017, on account of Diwali Laxmi Pujan and again on Friday, 20 October 2017, on account of Diwali Balipratipada.

Ramco Systems, leading enterprise software provider on Cloud and Mobile, announced that it has set up a wholly-owned subsidiary in Indonesia under the name PT Ramco Systems Indonesia. PT Ramco Systems Indonesia will be Ramco's sixth subsidiary in Asia and 24th office, globally. The new office will employ local staff and focus on bringing cloud-based technology to transform Indonesian enterprises in the area of HR, Payroll and Logistics ERP. The announcement was made on Friday, 20 October 2017. The Indian stock market was shut on Thursday, 19 October 2017, on account of Diwali Laxmi Pujan and again on Friday, 20 October 2017, on account of Diwali Balipratipada.

GMR Infrastructure will be watched. GMR Hyderabad International Airport (GHIAL), a subsidiary of GMR Airports and GMR Infrastructure (GMR Group), announced that it has on 19 October 2017 successfully priced an offering of $350 million bond in the international bond market. GHIAL has entered into a purchase agreement to issue and allot $350 million of 4.25% senior secured fixed rate notes of 10 year tenure (the Notes). The proceeds from the notes will be used to entirely refinance the current outstanding rupee term bank loan (RTL), bank external commercial borrowing (ECB) and towards partial funding of proposed capital expenditure. The announcement was made on Friday, 20 October 2017. The Indian stock market was shut on Thursday, 19 October 2017, on account of Diwali Laxmi Pujan and again on Friday, 20 October 2017, on account of Diwali Balipratipada.

South Indian Bank announced that the Central Bank of UAE has given approval to open a representative office of the South Indian Bank in Dubai, UAE. The announcement was made on Thursday, 19 October 2017. The Indian stock market was shut on Thursday, 19 October 2017, on account of Diwali Laxmi Pujan and again on Friday, 20 October 2017, on account of Diwali Balipratipada.

Kakatiya Cement announced that supply of power to the company's cement division disconnected, consequent to the directions received from Pollution Control Board. The company said it is in the process of pursuing the matter with the pollution control authority for resolution of the issues that led to issue of closure directions. The announcement was made on Thursday, 19 October 2017. The Indian stock market was shut on Thursday, 19 October 2017, on account of Diwali Laxmi Pujan and again on Friday, 20 October 2017, on account of Diwali Balipratipada.

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