AAVAS Financiers debuts on the secondary equity market today, 8 October 2018. The company had priced the initial public offer (IPO) at the top end of the Rs 818 to Rs 821 per share price band for the IPO. The IPO closed on 27 September 2018. It was subscribed 0.97 times, with total bids for 1.44 crore shares, compared with 1.47 crore equity shares on offer.
Yes Bank said it finalised "search and selection committee" to find a new CEO. The board inducted TS Vijayan, former chairman of IRDAI and LIC, and OP Bhatt, former CMD of State Bank of India, as external experts in the committee. The internal members include Brahm Dutt, Mukesh Sabarwal and Subhas Chander Kalia. The bank has invited proposals from global leadership advisory firms specialising in banking, financial services and insurance. The first meeting of the committee will be on 11 October 2018. The announcement was made after market hours on Friday, 5 October 2018.
Sobha announced that during the second quarter, it achieved new sales volume of 1,031,602 square feet total valued at Rs 7,408 million with an average realisation of Rs 7,181 per square feet (Sobha Share of sales value at Rs 6,166 million with an average realisation of Rs 5,977 per square feet). Sales volume is up by 7% as compared to preceding quarter & up by 19% YoY. Sales volume achieved during the second quarter is the highest in the past 5 years.
During the quarter, the company launched Sobha Lake Garden residential project in Bangalore with saleable area of 888,943 square feet. In the second half of the FY 18-19, the company is poised to launch one affordable housing project each in North Bangalore and GIFT City (Gujarat) respectively and normal Sobha products launches are also planned in Bangalore, Thrissur, Pune, Cochin, which should further improve the firm's operational performance. The announcement was made after market hours on Friday, 5 October 2018.
Texmaco Rail and Engineering said it signed an MoU with international division of Russian Railways 'RZD International LLC' for working in collaboration for various domestic and international projects in the railways and infrastructure space. The announcement was made after market hours on Friday, 5 October 2018.
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