MindTree after market hours yesterday, 8 February 2016 announced that it has been selected by Sandvik, a global engineering group in tooling, materials technology, mining and construction, to foster its IT services integration capabilities.
Among quarterly results of prominent companies, Dr Reddy's Laboratories, Hindalco Industries, Punjab National Bank and GAIL (India) are scheduled to announce their Q3 December 2015 results today, 9 February 2016.
Repco Home Finance's net profit rose 25.5% to Rs 38.58 crore on 28.31% growth in total income to Rs 225.46 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 8 February 2016.
SRF's consolidated net profit rose 41% to Rs 100.68 crore on 1% decline in total income to Rs 1106.57 crore in Q3 December 2015 over Q3 December 2014. The floods in Chennai in December 2015 affected the regular operations of the company's Manali facility, SRF said. The result was announced after market hours yesterday, 8 February 2016.
Vascon Engineers after market hours yesterday, 8 February 2016 announced that it has sold 66.69 lakh shares comprising 19.07% of share capital of Ascent Hotels (Ascent) to Samhi Hotels for a total consideration of Rs 26.67 crore by share purchase agreement. Samhi Hotels is a privately owned hotel asset company that specializes in development, acquisition and ownership of branded hotels. Vascon has signed a subscription cum shareholders agreement with Ascent to subscribe to 67.26 lakh optionally convertible redeemable debentures (OCRD) amounting to Rs 30.42 crore with an option to convert into equity shares of equal numbers. The OCRD's shall be converted into 96.18 lakh shares as and when Ascent achieves an earnings before interest, taxation and amortization (EBITA) of Rs 70 crore, Vascon Engineers said.
INOX Leisure after market hours yesterday, 8 February 2016 announced that it has terminated the lease deed with the owner and has accordingly discontinued the commercial operations of the multiplex cinema theatre situated at Panchkula, having 3 screens and 652 seats. Further, INOX Leisure said it has commenced the commercial operations of the multiplex cinema theatre, taken on lease basis, and located at Surat, having 4 screens and 819 seats, with effect from 7 February 2016. INOX, along with Satyam Cineplexes is now present in 56 cities with 105 multiplexes, 414 screens and a total seating capacity of 1.07 lakh seats across India, INOX Leisure said.
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