Navkar Corp to list today

Navkar Corporation debuts on the secondary equity market today, 9 September 2015. The company had priced the initial public offer (IPO) at the top end of the Rs 147 to Rs 155 per share price band for the IPO. The IPO closed on 26 August 2015. It was subscribed 2.85 times, with total bids for 8.14 crore shares, compared with 2.85 crore equity shares on offer.

FMCG major Hindustan Unilever (HUL) after market hours yesterday, 8 September 2015, said that it signed an agreement for the sale and transfer of its bread and bakery business under the "Modern" brand to Nimman Foods, an investee company of the Everstone Group, for an undisclosed consideration. The decision is in line with the company's strategy to exit non-core businesses, while continuing to drive its growth agenda in the core packaged foods business. HUL's bread and bakery business consists of a full range of white and sweet breads, health and wellness breads and value added bakery products such as cakes, muffins, buns, pavs, cream rolls under the "Modern" brand name. The business currently has six own operating manufacturing units and a network of franchisees across India.

Indiabulls Housing Finance after market hours yesterday, 8 September 2015, said that it plans to sell shares to qualified institutional investors to raise as much as $1 billion (around Rs 6674.45 crore). The company will sell shares at a minimum price of Rs 738.64 each in the offering.

Hinduja Ventures after market hours yesterday, 8 September 2015, said that its subsidiary, Grant Investrade, bagged the operating licence for the HITS (Headend-in-the-Sky) digital television services from the Ministry of Information & Broadcasting. The company said this was the final regulatory step for it to launch its HITS operations. According to media reports, HITS is a mode of delivering channels through a satellite multiplex service that enables customers to pick and choose channels.

IL&FS Engineering and Construction Company after market hours yesterday, 8 September 2015, said that it allotted 89 lakh equity shares of Rs 10 each on a preferential basis at Rs 85.50 yesterday, 8 September 2015, to Infrastructure Leasing and Financial Services and IL&FS Financial Services. Infrastructure Leasing and Financial Services was allotted 44.08 lakh equity shares and IL&FS Financial Services 44.91 lakh equity shares.

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