Shares of Cochin Shipyard will get listed on the bourses today, 11 August 2017. The issue price is fixed at Rs 432 per share. The initial public offer (IPO) of Cochin Shipyard had received a stellar response from investors. It was oversubscribed 76.19 times. The IPO price band was fixed at Rs 424-432 per share. Cochin Shipyard is one of the leading shipbuilding and Shiprepairing companies in India.
GAIL (India)'s net profit fell 23.2% to Rs 1025.64 crore on 6.7% growth in net sales to Rs 11406.47 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 10 August 2017.
Tata Motors said that the company and Skoda ceased discussions around potential partnership. Tata Motors and Skoda Auto have performed a joint technical feasibility and commercial evaluation of a potential collaboration. Based on intense and constructive discussions, both the companies have jointly concluded that the envisioned areas of partnership may not yield the desired synergies as originally assessed. Nevertheless, the two companies have decided to keep in touch for future areas of collaborations.
Tata Motors will continue to pursue its standalone product strategy to bring exciting and world-class products to its customers. The announcement was made after market hours yesterday, 10 August 2017.
Shriram Transport Finance Company said that allotment committee - non-convertible debentures (NCDs) of the company approved and allotted 3,600 secured redeemable rated listed NCDs of face value of Rs 10 lakh each, aggregating to Rs 360 crore on private placement basis. The announcement was made after market hours yesterday, 10 August 2017.
NMDC said that it has kept prices of iron ore unchanged with effect from 9 August 2017 compared with prior month's prices. The price of lump iron ore is fixed at Rs 2,225 per wet metric tonne and fine iron ore at Rs 1,985 per wet metric tonne. The announcement was made after market hours yesterday, 10 August 2017.
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