KNR Construction may gain as JV bags order from Telangana govt

KNR Constructions announced that KNR-HES-ACPL joint venture has bagged order worth of Rs 884.47 crore towards formation of Konda Pochamma Sagar for a capacity of 15.00 TMC near Pamulaparthi (v), Markook(M), Siddipet District - reach - 1 from Km 0.000 to Km 5.500 with all associated components in Telangana to be completed within a period of 18 months from the appointed date. The announcement was made after market hours yesterday, 21 September 2017.

InterGlobe Aviation announced that a committee of the Board of Directors approved allotment of 3.35 crore equity shares to qualified institutional buyers at an issue price of Rs 1,130 per share. The announcement was made after market hours yesterday, 21 September 2017.

Shares of Reliance Home Finance will list on exchanges today, 22 September 2017. Reliance Home Finance was demerged from Reliance Capital and shareholders of Reliance Capital have already received one share of Reliance Home Finance for every share held in Reliance Capital as on 6 September 2017.

Indian Bank announced that the board of directors approved issuance of 7-year long term bonds amounting to Rs 2000 crore in tranches out of the Rs 5000 crore. The announcement was made after market hours yesterday, 21 September 2017.

Tara Jewels announced owing to recent developments wherein the company is in talks with international equity funds to make a strategic investment in the company, the finance committee of board of directors have decided not to proceed with issue or warrants to Promoters and Non Promoters. This would mean no further dilution of equity owing to the above mentioned non-issue of warrants. The announcement was made after market hours yesterday, 21 September 2017.

Earlier the company had announced about issue of warrants on preferential basis to promoters and non-promoters. Subsequently, necessary shareholders' approval by way of postal ballot was also received in this regard on 7 September 2017.

Tata group companies will be in focus. Shareholders of Tata Sons, the holding company of the Tata group, yesterday, 21 September 2017 voted in favour of turning it into a private limited company despite vehement opposition from ousted chairman Cyrus Mistry's family firms that own a minority stake. The development implies that Mistry's Shapoorji Pallonji group won't be able to sell its minority stake in Tata Sons without board approval.

Indian Bank announced that the board of directors approved issuance of 7-year long term bonds amounting to Rs 2000 crore in tranches out of the Rs 5000 crore. The announcement was made after market hours yesterday, 21 September 2017.

Fiberweb (India) announced that its board of directors discussed various expansion programmes and the necessary requirement of funds, as also raising of the funds for the purpose. The board was satisfied about the progress made by the company in present capacity of 5000 MT of spun bond non woven fabric and also 2500 MT of leased capacity for the same product. It also noted that company has a healthy order book position of Rs 181 crore of export orders only. The announcement was made after market hours yesterday, 21 September 2017.

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