HDFC after market hours yesterday, 2 March 2016, announced that the company has filed term sheet for issuing secured redeemable non-convertible debentures worth Rs 2000 crore on private placement basis. The coupon rate on debentures is 8.75% per annum. The tenor of the debentures is five years. The issue opens and closes on the same day on 4 March 2016. The object of the issue is to augment long term resources of the company, HDFC said.
TCS announced that as a new member of the GE Digital Alliance Program created by GE Digital, it will develop innovative digital solutions that increase the productivity of mobile workforces and assets in motion by leveraging Predix, GE's cloud platform for the industrial internet. TCS and GE will work together to create an innovative industry solutions ecosystem by leveraging TCS' comprehensive business and digital expertise to enrich GE's Predix platform, TCS said. The announcement was made after market hours yesterday, 2 March 2016.
Adani Ports and Special Economic Zone (APSEZ) will be in focus. With reference to the media reports titled "Govt approves Adani Port's proposal to club 3 SEZs in Gujarat," Adani Ports and Special Economic Zone after market hours yesterday, 2 March 2016, clarified that the company has not received any formal communication from the central government about the consolidation of the special economic zones (SEZ). APSEZ said that the clubbing of the three SEZs at Mudra will result in higher operating flexibility for the SEZs and is not a material event. News reports suggested that APSEZ had submitted a proposal to the government for clubbing of three SEZs at Mudra.
Coal India said that Northern Coalfields, a subsidiary of Coal India in its 202nd board meeting held on 1 March 2016 has revised the standard stripping ratio for OBR accounting for 10 opencast projects. The financial impact due to the change in stripping ratio till December 2015 would be around Rs 59.76 crore. The announcement was made after market hours yesterday, 2 March 2016.
Shares of BPCL turn ex-dividend today, 3 March 2016 for second interim dividend of Rs 3.50 per share for the year ending 31 March 2016.
HPCL announced that a meeting of the board of directors of the company will be held on 11 March 2016, to consider declaration of second interim dividend, if any, for the year ending 31 March 2016. The company has fixed 19 March 2016 as the record date for the purpose of payment of second interim dividend. The announcement was made after market hours yesterday, 2 March 2016.
NHPC announced after market hours yesterday, 2 March 2016, that unit 1 of 160 megawatts Teesta Low Dam HE Project, Stage-IV declared commercial operation from 3 March 2016. .
National Buildings Construction Corporation said that a meeting of the board of directors of the company will be held on 11 March 2016, to consider the proposal for the split of equity shares of the company. The announcement was made after market hours yesterday, 2 March 2016.
Vijaya Bank announced before market hours today, 3 March 2016, that a meeting of the board of directors of the bank will be held today, 3 March 2016, to consider, the proposal for issue of equity shares to Life Insurance Corporation of India (LICI) through preferential issue upto Rs 226 crore.
Muthoot Finance announced before market hours today, 3 March 2016, that the company has acquired 3.95 crore equity shares of Muthoot Homefin (India) Limited (MHIL) by subscribing to preferential issue of shares having nominal value of Rs10 per share at an issue price of Rs 11.37 per share, investing Rs 44.91 crore. Post-acquisition, Muthoot Finance holds 79% of the equity share capital of MHIL making MHIL its subsidiary. The issued and paid up capital of MHIL stands at Rs 50 crore after the above allotment. MHIL is a housing finance company licensed by National Housing Bank.
Indiabulls Housing Finance announced before market hours today, 3 March 2016, that the company proposes to issue 4,000 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 400 crore, on private placement basis, pursuant to special resolution passed by the shareholders of the company at the 10th Annual General Meeting held on 7 September 2015, on the terms and conditions.
Powered by Capital Market - Live News
