Thomas Cook may gain after subsidiary subscribes stake in JV

Thomas Cook (India) said that Travel Corporation (India) Limited, wholly owned subsidiary of the company, intimated that it has successfully subscribed to 49% of equity share capital of TCI-Go Vacation India Private Limited, a joint venture Company with DER Touristik Group. The announcement was made after market hours yesterday, 20 June 2017.

Tech Mahindra said that one of the company's step down subsidiary, LCC Middle East FZ LLC agreed to sell its 100% shareholding in LCC Pakistan (Pvt) Ltd. to Talkpool AG, Switzerland. The announcement was made before market hours today, 21 June 2017.

ICICI Bank announced that the Committee of Executive Directors of the Bank at its meeting held on 20 June 2017 has approved the proposal for fund raising by way of issuance of senior unsecured long term bonds in the nature of debentures in single/multiple tranches on private placement basis. The announcement was made after market hours yesterday, 20 June 2017.

Kirloskar Oil Engines said that, the board of directors in its meeting held on 19 June 2017, had approved the proposal for acquisition of 100% equity shares of La-Gajjar Machineries Private Limited (LGM). This is subject to signing of definitive agreements. The announcement was made after market hours yesterday, 20 June 2017.

Somany Ceramics said that the company has issued commercial paper of Rs 40 crore value dated 20th June 2017 having maturity on 15th September, 2017. The issuance of commercial paper is to reduce high interest bearing cash credit limits and in turn reducing cost of borrowing. The announcement was made after market hours yesterday, 20 June 2017.

Capital First that the meeting of the debenture committee of the board of directors of the company will be held on 23 June 2017 to consider and approve the private placement of rated, listed, secured/ unsecured/ perpetual, redeemable non-convertible securities in the nature of debentures. The announcement was made after market hours yesterday, 20 June 2017.

JK Paper said that India Ratings and Research (Ind-Ra), has upgraded JK Paper's (JKPL) Long-Term Issuer Rating to 'IND A-' from 'IND BBB+', the outlook is positive and Short-term Issuer Rating to 'IND A1' from 'IND A2+'. The announcement was made after market hours yesterday, 20 June 2017.

NHPC said that company has awarded EPC contract for the development of 50 megawatts (MW) Solar Power project in Tamil Nadu to L&T for an amount of Rs 287.48 crore. The project is slated to complete in 9 months. The announcement was made after market hours yesterday, 20 June 2017.

Glenmark Pharmaceuticals has entered into a licensing agreement with Boston-based APC Therapeutics Inc., a biopharmaceutical company focused on building a portfolio of best-in-class immuno-oncology (IO) therapies, for exclusive rights to a small molecule, oncology compound based on Antigen Presenting Cell (APC) biology. The compound has the potential to be used as a monotherapy or in combination with approved therapies to address unmet needs in cancer treatment. The announcement was made before market hours today, 21 June 2017.

Under the terms of the agreement, Glenmark will license the product from APC Therapeutics, and manage all clinical development including regulatory filings and commercialization worldwide. APC Therapeutics will receive development milestones and sales royalty payments.

ALTBalaji has integrated with JioMoney, the mobile wallet from Reliance Payment Solutions to provide digital transaction experience to its subscribers. The integration will enable easy and hassel-free subscription payments for ALTBalaji's customers. The announcement was made after market hours yesterday, 20 June 2017.

SEAMEC announced that upon completion of contract with Kreuz Subsea Technologies, the company has entered into a contract for charter hire of vessel 'SEAMEC III' with L&T Hydrocarbon Engineering for undertaking a job in Mumbai High. The tenure of the contract is for a period of 7 days with option for extension. The contract will commence from around 22 June 2017. The announcement was made after market hours yesterday, 20 June 2017.

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