Tata Motors' consolidated net profit rose 201.6% to Rs 5177.06 crore on 18.97% growth in total income to Rs 80933.04 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 30 May 2016.
Sun Pharmaceutical Industries' (Sun Pharma) consolidated net profit rose 92.71% to Rs 1713.69 crore on 16.82% growth in total income to Rs 7599.21 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 30 May 2016.
Aurobindo Pharma's consolidated net profit rose 39.38% to Rs 562.85 crore on 18.88% growth in total income to Rs 3767.34 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 30 May 2016.
HDFC announced that it intends to raise Rs 760 crore through private placement of senior secured redeemable non-convertible debentures. HDFC said that the debentures has issue price of Rs 1 crore each and carry coupon rate of 8.44% per annum with a tenor of 10 years. The issue opens and closes on the same day on 1 June 2016. The object of the issue is to augment the long-term resources of the company. The proceeds of the present issue would be utilized for financing/refinancing the housing finance requirements of the company. The redemption date of the issue is 1 June 2026. The announcement was made after trading hours yesterday, 30 May 2016.
Nava Bharat Ventures said that its board decided to deliberate on the issue of bonus shares to the shareholders in a separate meeting to be convened later. The announcement was made after trading hours yesterday, 30 May 2016.
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Grindwell Norton said that its board recommended 1:1 bonus issue of shares. The proposal is subject to shareholders' approval by way of postal ballot. The announcement was made after trading hours yesterday, 30 May 2016.
Gillanders Arbuthnot & Company said that its board has decided to discontinue the operations of the fabrication factory of the engineering (MICCO) division of the company located at Sodepur, West Bengal, with immediate effect. The board also decided to sell the land and building structures located at the MICCO division. Accordingly, an agreement for sale has been approved by the board. The announcement was made after trading hours yesterday, 30 May 2016.
Rajesh Exports' net profit rose 2559.03% to Rs 76.58 crore on 16.19% decline in total income to Rs 10410.62 crore in Q4 March 2016 over Q4 March 2015. The company's net profit rose 80.54% to Rs 476.51 crore on 1.84% rise in total income to Rs 38622.63 crore in the year ended March 2016 over the year ended March 2015. The announcement was made after trading hours yesterday, 30 May 2016.
Shree Renuka Sugars net profit rose 5020.93% to Rs 220.20 crore on 7.98% rise in total income to Rs 1818.40 crore in Q4 March 2016 over Q4 March 2015. The company reported a net loss of Rs 285.30 crore in the year ended March 2016, compared with net loss of Rs 295.10 crore in the year ended March 2015. Total income rose 2.02% to Rs 5864.20 crore in the year ended March 2016 over the year ended March 2015. The announcement was made after trading hours yesterday, 30 May 2016.
In a separate announcement, Shree Renuka Sugars said that its board has approved voluntarily granting an option to the lenders of the company to convert a part of the loans granted/to be granted to the company into equity shares of Re 1 each in the company, subject to maximum of 9.28 crore equity shares, which is equivalent to 10% of the present equity share capital of the company, at Rs 16.56 per equity share or the price as per the regulations prescribed by Securities and Exchange Board of India (Sebi), whichever is higher. The approval of the shareholders, inter-alia, for this purpose will be sought through postal ballot.
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