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Tata Motors, Indiabulls Housing in focus after rating downgrade

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Indiabulls Housing Finance said that the rating committee of the international rating agency Moody's Investors Service has revised the corporate family rating of Indiabulls Housing Finance to Ba2. The announcement was made after market hours on Wednesday, 14 August 2019.

CRISIL Ratings downgraded long term rating of Tata Motors to AA-/Negative from AA/Negative due to weakening of outlook on the business risk profile of JLR. The announcement was made after market hours on Wednesday, 14 August 2019.

Yes Bank, pursuant to the allotment of its equity shares on 15 August 2019, has raised Rs 1930 crore through the Qualified Institution Placement (QIP) route. The QIP opened on 8 August 2019 and closed on 14 August 2019. The bank allotted 23.1 crores equity shares to eligible qualified institutional buyers (QIBs) at Rs 83.55 per equity share. The announcement was made before market hours today, 16 August 2019.

Indraprastha Gas' consolidated net profit rose 31.05% to Rs 244.78 crore on a 22.84% rise in the total income to Rs 1779.47 crore in Q1 June 2019 over Q1 June 2018. The company announced its Q1 June 2019 results after market hours on Wednesday, 14 August 2019.

Gayatri Projects reported 8.74% rise in net profit to Rs 54.77 crore on 19.75% rise in total income to Rs 985.71 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Wednesday, 14 August 2019.

Omaxe reported 83.28% rise in consolidated net profit to Rs 16.22 crore on 96.49% rise in total income to Rs 358.56 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Wednesday, 14 August 2019.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 16 2019. 08:34 IST
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