Adani Ports and Special Economic Zone (APSEZ) after market hours yesterday, 17 August 2015, clarified that the company has signed a Concession Agreement for development and operation/maintenance of Vizhinjam International Deepwater Multipurpose Seaport project on public private partnership mode with the Fisheries & Ports (E) Department of the Kerala state government. The project will be undertaken on design-build-finance-operate-transfer (DBFOT) basis. Earlier, APSEZ had 15 July 2015 announced that it had received Letter of Award for the project from the Fisheries & Ports (E) Department of the Kerala state government.
Shares of Hindalco Industries will be watched. With respect to news article titled "Birla invests Rs 7,500 cr in Odisha refinery", Hindalco Industries clarified after market hours yesterday, 17 August 2015, that its owned subsidiary Utkal Alumina International has made a total investment of over Rs 7500 crore in its alumina plant in district Rayagada, Odisha. The unit has an inherent capacity to produce 1.5 million tonnes per annum of alumina.
Royal Enfield yesterday, 17 August 2015 announced its first operating direct distribution subsidiary outside India, in North America. The subsidiary will directly sell to dealers and even to customers as well as directly conduct all market development and support activities such as marketing, service, aftersales etc for the Royal Enfield brand in North America. This strategic announcement is in line with Royal Enfield's focused international thrust of leading and expanding the global mid-sized motorcycle segment (250cc-750cc), with North America representing a priority market for it, the company said. Eicher Motors owns the iconic Royal Enfield motorcycle business, which leads the premium motorcycle segment in India. The announcement was made after market hours yesterday, 17 August 2015.
New Delhi Television (NDTV) after market hours yesterday, 17 August 2015, said that One97 communications, the owner of consumer brand Paytm joined other A-list investors to invest into Gadgets 360-an NDTV eCommerce venture.
Gadgets 360- has raised funding at a valuation of close to $50million. Other investors include Inflexionpoint (cofounded by John Scully, former Apple CEO), Pramod Bhasin (founder, Genpact), Sixth Sense Ventures (founded by Nikhil Vora), Vindi Banga (former Chairman, Unilever), Hiro Mashita (founder and director M&S Partners).
NDTV also announced appointment of Bhawna Agarwal as the CEO of Gadgets 360.
Pantaloons Fashion & Retail will be in focus. With respect to news article titled "Pantaloons to invest Rs. 125 cr in FY16, add 35 new stores", Pantaloons Fashion & Retail clarified after market hours yesterday, 17 August 2015, that the company, in ordinary course of its business, keeps on examining and evaluating the available growth opportunities and accordingly, estimates/ budgets the expenditure(s) to be undertaken during the financial year, including the capex, from time to time.
Considering the nature of company's business, expansion of company's network through opening of stores is a normal business activity of the company, it said. For eg. During the financial year ended 31 March 2015 (FY 2015), the company expanded the network of its stores by launching 25 new Pantaloons stores and 6 factory outlets, taking the total count to 104 Pantaloons stores and 30 factory outlets as on 31 March 2015. Similarly, the company plans to launch 30-35 Stores during the financial year ending 31 March 2016 (FY 2016) and accordingly, has budgeted the capital expenditure of Rs. 125 crore, for the same, the company added.
GVK Power & Infrastructure will be in focus. With respect to news titled "GVK plans to pare Rs. 4,000 crore debt this year," the company has clarified after market hours yesterday, 17 August 2015, that the company had informed on 14 August 2015 that the shareholders of the company at their 21st annual general meeting held on 13 August 2015, have approved all the resolutions including the qualified institutional placement (QlP) issue. On 16 May 2015, the company had informed that it is seeking the fresh approval of its shareholders to raise funds of Rs 1000 crore (with a green shoe option of Rs 500 crore) through QIP. Earlier on 31 March 2015, the company had informed that GVK Airport Developers, a wholly owned subsidiary of the company is exploring various options, over a period to raise funds through PE investors, an initial public offer (IPO) among others, to reduce its debt burden.
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