Varroc Engineering in focus on debut

Shares of Varroc Engineering will debut on the bourses today, 6 July 2018. The initial public offer (IPO) of Varroc Engineering received bids for 5.09 crore shares, National Stock Exchange of India (NSE) data showed. The IPO was subscribed 3.59 times. The issue opened for subscription on 26 June 2018 and closed on 28 June 2018. The price band for the issue was fixed at Rs 965 to Rs 967 per share.

Apollo Hospital Enterprise announced that the company has acquired a 50% stake in Medics International Lifesciences (Medics), a 330 bedded super-speciality hospital in Lucknow. The acquisition of the 50% equity stake is through a primary issuance of shares by Medics for a consideration of Rs 91 crore which would be utilised towards hospital commissioning and related expenses. The announcement was made after market hours yesterday, 5 July 2018.

Berger Paints India said that the company has signed a shareholders' agreement with ROCK PAINT CO., Japan (ROCK PAINT) for the purpose of setting up of a joint venture company in India by the name of BERGER ROCK PAINTS or any other name as may be approved by the Registrar of Companies. The joint venture company shall be engaged in developing, producing and selling superior automotive refinish paints in India and Nepal. The announcement was made after market hours yesterday, 5 July 2018.

Welspun Enterprises received the Letter of Award from National Highways Authority of India (NHAI) for the four laning of Sattanathapuram to Nagapattinam section of NH-45A (New NH -332) in Tamil Nadu under NHDP Phase-IV on Hybrid Annuity Mode. The consortium led by the company will develop the project at a bid project cost of Rs 2004.51 crore and first year O&M cost of Rs 5 crore. The construction period is 2 years from the appointed date. The announcement was made after market hours yesterday, 5 July 2018.

The Phoenix Mills said that Island Star Mall Developers (ISMDPL), a strategic investment alliance owned by the company and Canada Pension Plan Investment Board (CPPIB), has acquired an additional land parcel in Wakad, Pune for Rs 1.36 crore on 4 July 2018. The announcement was made after market hours yesterday, 5 July 2018.

Powered by Capital Market - Live News