South Indian Bank in focus after board approves rights issue of shares

South Indian Bank said that its board approved rights issue of equity shares to shareholders. The bank will issue one equity share at Rs 14 each for every three equity shares held (1:3). The announcement was made after market hours yesterday, 21 December 2016.

JSW Steel said it has fixed 5 January 2017 as the record date for the proposed 10-for-1 stock split. The announcement was made after market hours yesterday, 21 December 2016.

Vardhman Textiles said that its proposed buyback offer will open on 4 January 2017 and close on 17 January 2017. The company proposes to buyback 62.60 lakh equity shares at Rs 1,150 each. The announcement was made after market hours yesterday, 21 December 2016.

KDDL announced that the committee for preferential issue of zero coupon convertible warrants-2016, at its meeting held yesterday, 21 December 2016, allotted 2.64 lakh zero coupon convertible warrants each convertible into one equity share at Rs 265 per share, to Swades Capital LLC, a promoter group entity. The announcement was made after market hours yesterday, 21 December 2016.

Future Enterprises announced that the committee of directors of the company at its meeting held yesterday, 21 December 2016, allotted 270, 9.5% secured redeemable non-convertible debentures (NCDs) and 180, 9.55% secured redeemable NCDs of face value of Rs 10 lakh each aggregating to Rs 45 crore, on private placement basis. The announcement was made after market hours yesterday, 21 December 2016.

SREI Infrastructure Finance announced that Srei Equipment Finance, a material subsidiary of the company, on 21 December 2016 filed prospectus with BSE and the National Stock Exchange of India towards its public issue of 25 lakh secured redeemable non-convertible debentures of face value of Rs 1,000 each for an amount upto Rs 250 crore with an option to retain over subscription upto Rs 500 crore. The issue will open for subscription on 3 January 2017 and close on 20 January 2017. The announcement was made after market hours yesterday, 21 December 2016.

Nitesh Estates said it redeemed 700 non-convertible debentures (unlisted NCD) out of 1,250 non-convertible debentures held by IDFC for the aggregate value of Rs 70 crore. The announcement was made after market hours yesterday, 21 December 2016.

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