Tata Motors in spotlight after good JLR sales

Tata Motors said that the sales of its British luxury unit Jaguar Land Rover (JLR) rose 11% to 51,591 units in June 2017 over June 2016, driven by healthy China market. Jaguar sales grew by 16.4% to 15,343 units in June 2017 over June 2016. Land Rover sales rose 8.9% to 36,248 units in June 2017 over June 2016. The announcement was made after market hours on Friday, 7 July 2017.

AU Small Finance Bank will make its stock market debut today, 10 July 2017, after successfully concluding its initial public offer (IPO) last month. The issue price was fixed at Rs 358 per share, the top end of the Rs 355 to Rs 358 per share price band for the IPO. The IPO had received strong response from investors. It was subscribed 53.6 times. AU Small Finance Bank offers a diverse suite of banking products.

Sun Pharmaceutical Industries said that the company and one of its wholly-owned subsidiaries have entered into settlements with certain plaintiffs in re Modafinil Antitrust Litigation matter currently pending in the United States District Court for the Eastern District of Pennsylvania. The settlements extend to all claims brought by Apotex Corporation and the Retailer Purchaser Plaintiffs. The settlements remain are confidential. The announcement was made after market hours on Friday, 7 July 2017.

United Bank of India said that it proposes to approve by circulation on 12 July 2017, allotment of unsecured Basel III compliant listed Tier-2 bonds, with or without greenshoe option, aggregating upto Rs 500 crore. The announcement was made after market hours on Friday, 7 July 2017.

Alok Industries said it has been supplied with a copy of the application for resolution proceedings filed by State Bank of India, before the National Company Law Tribunal (NCLT), Ahmedabad on 29 June 2017. The hearing on this matter has been scheduled for 12 July 2017. The announcement was made after market hours on Friday, 7 July 2017.

Shares of UltraTech Cement turn ex-dividend today, 10 July 2017, for dividend of Rs 10 per share for the year ended March 2017.

Shares of Mindtree turn ex-dividend today, 10 July 2017, for final dividend of Rs 3 per share for the year ended March 2017.

Shares of Cera Sanitaryware turn ex-dividend today, 10 July 2017, for dividend of Rs 12 per share for the year ended March 2017.

Shares of Abbott India turn ex-dividend today, 10 July 2017, for final dividend of Rs 40 per share for the year ended March 2017.

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