Tata Coffee is reportedly looking to expand its business by acquiring companies. It is currently scouting for suitable firms in Europe and planning to close the deal some time this year, reports added.
CMC turns ex-dividend today, 18 June 2013, for dividend of Rs 17.50 per share for the year ended 31 March 2013.
Standard Chartered PLC after market on Monday, 17 June 2013, said that with reference to the circular dated 1 March 2013 issued by Sebi in relation to two-way fungibility of IDRs (the Circular), the company had opened the fungibility window for redemption of IDRs into shares on 31 May 2013 which closed on 7 June 2013.
Based on the valid withdrawal orders received from the IDR holders and in accordance with the process laid down in the opening guidelines, the company has redeemed an aggregate of 6 crore IDRs into 60 lakh shares of the company. The entire annual fungibility portion as required under the Circular has been satisfied in this redemption window and the company will announce next redemption event in the year 2014, Standard Chartered PLC said.
HMT after market hours on Monday, 17 June 2013 said that Mr. Harbhajan Singh, IAS, Joint Secretary, Government of India, Department of Heavy Industry & Director, HMT, has been assigned additional charge of the post of Chairman & Managing Director of HMT with effect from 15 June 2013.
SRF said that a thin BOPET film line (28500 tonnes per annum) has been setup and trial production has been started by the company's wholly owned step-down subsidiary SRF Industries (Thailand) in Thailand. Immediately on receipt of consent to operate the commercial production will begin.
Polaris Financial Technology announced that Association of Mutual Funds in India (AMFI) has entrusted the company with implementing mutual fund utility, a centralized mutual fund distribution platform, in India. This platform will improve retail penetration through geographic reach, enhance customer convenience and operations & service efficiency, while enabling significant reductions in cost for the mutual funds industry.
Polaris said it bagged the project due to deep domain knowledge and experience in developing and maintaining a high performance OLTP platform for the Chicago Mercantile Exchange, as well as solutions for the RBI and NABARD. AMFI is a not for profit industry association dedicated to developing the Indian mutual fund industry by establishing and maintaining standards to protect and promote the interests of mutual funds and their unit holders, the company said in a statement.
The board of Aanjaneya Lifecare has approved to reset the conversion price of foreign currency convertible bonds (FCCBs). No other details were disclosed by the company.
The board of Hindusthan National Glass & Industries has decided to cancel the issue of shares of the company on preferential basis and refund the share application money to the respective applicants.
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