Yes Bank may gain on plans to raise funds

Yes Bank announced that it has necessary approvals from the board of directors and shareholders to borrow/ raise funds in Indian/foreign currency by issue of debt securities including but not limited to non-convertible debentures, MTN (Medium Term Notes), bonds upto Rs 10000 crore by the bank, in one or more tranches on private placement basis from time to time. The announcement was made after market hours yesterday, 15 December 2016.

Accordingly, the Capital Raising Committee (CRC) of the board would consider the proposal to raise funds by issuing debt securities on private placement basis, including the terms of the issue.

Sun Pharmaceutical Industries (Sun Pharma) said that all the necessary formalities for closure of acquisition of 100% equity stake of Ocular Technologies, Sarl have been concluded and it has successfully completed the acquisition of Ocular Technologies, Sarl. The announcement was made after market hours yesterday, 15 December 2016.

Tata Communications announced that the company vide letter dated 28 June 2016, had informed to stock exchange that Liquid Telecom, a pan-African telecoms group, majority owned by Econet Wireless Global, had entered into an agreement to acquire South African communications network operator Neotel, which is a subsidiary of the company. Thereafter, vide letter dated 8 November 2016, the company informed that the board of directors of the company at a meeting held on 8 November 2016 recommended to the shareholders of Neotel, the sale of the entire shareholding in Neotel, subject to approval of the Independent Communications Authority of South Africa (ICASA).

Neotel has now informed that they have received unconditional approval from ICASA for acquisition of Neotel by Liquid Telecom which is another step towards closing of the transaction. The announcement was made after market hours yesterday, 15 December 2016.

Rei Agro reported net loss of Rs 66.30 in Q2 September 2016 compared with net loss of Rs 286.59 crore in Q2 September 2015. Net sales fell 54.86% to Rs 17.61 crore in Q2 September 2016 over Q2 September 2015. The announcement was made after market hours yesterday, 15 December 2016.

IL&FS Transportation Networks announced that as part of internal restructuring exercise, the company decided to acquire all the equity investments held by Elsamex SA & its Group companies in their Indian subsidiaries. The announcement was made after market hours yesterday, 15 December 2016.

Confidence Petroleum India announced that a meeting of the board of directors of the company will be held on 19 December 2016, to consider the proposal of buy-back of equity shares of the company. The announcement was made after market hours yesterday, 15 December 2016.

Saksoft announced the acquisition of majority stake in DreamOrbit to strengthen its IoT offering. Saksoft acquired a 60% of stake in Dreamorbit Softech, a company based out of Bengaluru providing Technology Solutions to Logistics Industry. The announcement was made after market hours yesterday, 15 December 2016.

Claris Lifesciences announced that the board of directors of the company at a meeting held on 15 December 2016 approved the sale and transfer of the 'Injectable Business' of the company by way of sale of the subsidiary companies; Claris Injectables Limited, Claris Pharmaservices, Elda International DMCC, Claris Lifesciences Inc., Claris Lifesciences (UK) Limited, Claris Lifesciences (Aust) Pty. Limited, and Claris Lifesciences Philippines, INC. The announcement was made after market hours yesterday, 15 December 2016. The company will sell Global Generic Injectables Business to Baxter for $625 million.

Great Eastern Shipping Company announced that the company took delivery of secondhand supramax dry bulk carrier. The announcement was made after market hours yesterday, 15 December 2016.

Welspun India announced that it expanded its product portfolio and forayed into flooring solutions with Rs 600 crore carpet plant. The announcement was made after market hours yesterday, 15 December 2016.

Dilip Buildcon announced that a new project is awarded to the company in the State of Andhra Pradesh. The announcement was made after market hours yesterday, 15 December 2016.

Powered by Capital Market - Live News