Tata Steel announced that the Committee of Directors yesterday, 4 October 2016, allotted 8.15%, Unsecured, Redeemable Non-Convertible Debentures aggregating to Rs 1000 crore, on a private placement basis, to certain identified investors. The announcement was made after market hours yesterday, 4 October 2016.
Yes Bank announced after market hours yesterday, 4 October 2016 that it has successfully raised Rs 2135 crore through senior long term infrastructure bonds. The issue was closed on 30 September 2016 and witnessed strong demand from leading domestic investors resulting in a total subscription of the issue. The issue was subscribed 2.13 times. The bonds will be listed on BSE and were raised at a coupon rate of 8% per annum with a tenor of 10 years. The proceeds will be used to finance long term projects in infrastructure and its allied sub-sectors.
UCO Bank announced that as a part of capital raising plan, a proposal for issue of 7.17 crore equity shares at an issue price to be determined later on preferential basis to Life Insurance Corporation of India is being considered by the bank's board. The aforesaid proposal is placed before the board for approval by circulation. The announcement was made after market hours yesterday, 4 October 2016.
HDFC announced that the profit on sale of investments declined 60.41% to Rs 19 crore in Q2 September 2016 over Q2 September 2015. Income from dividend rose 7.29% to Rs 456 crore in Q2 September 2016 over Q2 September 2015. The company, under the loan assignment route sold loans amounting to Rs 1939 crore in Q2 September 2016 to HDFC Bank. HDFC sold loans amounting to Rs 13086 crore in the preceding twelve months. The company is scheduled to announce its Q2 September 2016 results on 26 October 2016. The announcement was made after market hours yesterday, 4 October 2016.
Shriram City Union Finance announced that it intends to raise funds through allotment of 1,000 secured non-convertible redeemable debentures aggregating to Rs 100 crore on private placement basis. The announcement was made after market hours yesterday, 4 October 2016.
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AstraZeneca Pharma India clarified after market hours yesterday, 4 October 2016 with respect to news item titled 'Embassy buys 10 acre land in Bengaluru for Rs 255 crore' that it has not sold any of its land held by it and that the news item does not pertain to the company.
Mahindra CIE Automotive after market hours yesterday, 4 October 2016 in its clarification with respect to news item titled 'Mahindra CIE amongst others interested in Amtek Auto's overseas assets', has denied any such negotiations.
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