Check out the companies which will be in focus during trade today based on recent and latest news developments.
Tata Motors:Tata Motors continued to witness strong year-on-year growth in certain key segments, with the company’s M&HCV and LCV sales, in domestic market, growing by 23% and 6% respectively.
Amtek Auto: The company is planning to sell a “significant” stake to financial investors to infuse capital into the business, according to reports.
Bajaj Auto: The company reported its numbers for May sales, with total sales at 3.47 lakh units as against 3.45 lakh units (YoY).
Punjab National Bank: Punjab National Bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.40 per cent.
Century Plyboards (India) Limited: Century Plyboards (India) has informed the Exchange that the Company s Subsidiary Innovation Pacific Singapore Pte. Ltd. in Singapore has incorporated a step-down Subsidiary by the name Vietnam Innovation Pacific JSC in Vietnam. The said Subsidiary has been incorporated with the object of investing in and undertaking Real Estate activities, leasing of office/ warehouse/ factory spaces, trading/ processing of sawn timber, veneer, plywood and other wood products and providing related services.
Axis Bank Limited: Axis Bank has informed the Exchange that the Bank has on June 01, 2016, allotted Senior Fixed Rate Green Bonds aggregating to USD 500,000,000 (USD Five Hundred Million only) under the MTN Programme through its Dubai International Financial Centre (DIFC) branch. The notes will be listed at the Singapore Stock Exchange and London Stock Exchange. The Notes have been priced at 160 basis points over the 5-year US Treasury Note, at a price of 99.479% to yield 2.988%. The Notes will be denominated in US dollars, and will bear fixed interest of 2.875% per annum, with interest payable semi-annually in arrears.
Coal India: Government formed inter-ministerial group to discuss Coal India share buyback, says report.
State Bank of Mysore:State Bank of Mysore has announced regarding the MCLR (Marginal Cost of Funds based Lending Rate) rates for various maturity buckets w.e.f. June 01, 2016.
Gammon India Ltd: Gammon India has informed BSE that the Company has received a "Notice of Conversion" from DBS Bank (one of the Joint Lenders) for conversion of part of outstanding debt into equity shares under the Strategic Debt Restructuring Package of the Company. Pursuant to this notice, DBS Bank has decided to convert part of its outstanding debt and interest aggregating to Rs. 4.90 crores into 4,124,496 equity shares of the Company of face value of Rs. 2/- each at a price of Rs. 11.89 per equity share. Post this conversion the total shareholding of the CDR Lenders and DBS Bank will be 63.07% of the total equity capital of the Company.
Punj Lloyd Ltd: Punj Lloyd has informed BSE that the Company and its subsidiary, M/s. Punj Lloyd Upstream Limited (PLUL) have been ordered to pay by the High Court of Justice, Queen’s Bench Division, Commercial Court, UK sum of USD 26,173,659.16 (plus summary assessment costs amounting to GBP 75000), to International Finance Corporation, towards their claims.
Tata Motors:Tata Motors continued to witness strong year-on-year growth in certain key segments, with the company’s M&HCV and LCV sales, in domestic market, growing by 23% and 6% respectively.Amtek Auto: The company is planning to sell a “significant” stake to financial investors to infuse capital into the business, according to reports.
Bajaj Auto: The company reported its numbers for May sales, with total sales at 3.47 lakh units as against 3.45 lakh units (YoY).
Punjab National Bank: Punjab National Bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.40 per cent.
Century Plyboards (India) Limited: Century Plyboards (India) has informed the Exchange that the Company s Subsidiary Innovation Pacific Singapore Pte. Ltd. in Singapore has incorporated a step-down Subsidiary by the name Vietnam Innovation Pacific JSC in Vietnam. The said Subsidiary has been incorporated with the object of investing in and undertaking Real Estate activities, leasing of office/ warehouse/ factory spaces, trading/ processing of sawn timber, veneer, plywood and other wood products and providing related services.
Axis Bank Limited: Axis Bank has informed the Exchange that the Bank has on June 01, 2016, allotted Senior Fixed Rate Green Bonds aggregating to USD 500,000,000 (USD Five Hundred Million only) under the MTN Programme through its Dubai International Financial Centre (DIFC) branch. The notes will be listed at the Singapore Stock Exchange and London Stock Exchange. The Notes have been priced at 160 basis points over the 5-year US Treasury Note, at a price of 99.479% to yield 2.988%. The Notes will be denominated in US dollars, and will bear fixed interest of 2.875% per annum, with interest payable semi-annually in arrears.
Coal India: Government formed inter-ministerial group to discuss Coal India share buyback, says report.
State Bank of Mysore:State Bank of Mysore has announced regarding the MCLR (Marginal Cost of Funds based Lending Rate) rates for various maturity buckets w.e.f. June 01, 2016.
Gammon India Ltd: Gammon India has informed BSE that the Company has received a "Notice of Conversion" from DBS Bank (one of the Joint Lenders) for conversion of part of outstanding debt into equity shares under the Strategic Debt Restructuring Package of the Company. Pursuant to this notice, DBS Bank has decided to convert part of its outstanding debt and interest aggregating to Rs. 4.90 crores into 4,124,496 equity shares of the Company of face value of Rs. 2/- each at a price of Rs. 11.89 per equity share. Post this conversion the total shareholding of the CDR Lenders and DBS Bank will be 63.07% of the total equity capital of the Company.
Punj Lloyd Ltd: Punj Lloyd has informed BSE that the Company and its subsidiary, M/s. Punj Lloyd Upstream Limited (PLUL) have been ordered to pay by the High Court of Justice, Queen’s Bench Division, Commercial Court, UK sum of USD 26,173,659.16 (plus summary assessment costs amounting to GBP 75000), to International Finance Corporation, towards their claims.
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