Check out the companies which will be in focus during trade today based on recent and latest news developments.
Tata Motors: Tata Motors is planning to raise Rs.400 crore by issuing non-convertible debentures and will hold a board committee meeting for this on Friday.
Indiabulls Real Estate: The company said it has raised Rs.25 crore through issue of non-convertible debentures on private placement basis.
Cairn India: Cairn Energy is seeking $5.6 billion in compensation from the Indian government for raising a retrospective tax demand of Rs 29,047 crore, according to reports.
Mahindra and Mahindra: Mahindra and Mahindra will seek its shareholders’ approval for raising up to Rs.5,000 crore through issuance of securities on private placement basis from domestic and international markets.
DHFL: The company is planning to further raise share of retail deposits in overall fund to 10% this fiscal as part of its strategy to diversify the sources of borrowings.
Kwality Ltd: US private equity firm KKR is planning to invest Rs. 520 crore in Kwality Ltd, through structured debt instruments, according to reports.
GE Shipping: Great Eastern Shipping Company Ltd has signed contract contracts to buy a Medium Range Product Tanker.
Jaiprakash Power Ventures: Jaiprakash Power Ventures announced that the Board in the said meeting will also consider the proposed Scheme of Arrangement for hive-off and transfer of 500 MW Jaypee Bina Thermal Power Plant of the Company to its subsidiary Company.
Datamatics Global: Datamatics Global has agreed to acquire balance 26.88% stake in Lumina Datamatics Limited i.e. 59,902 fully paid Equity Shares of Rs. 10/-.
Artson Engineering: Artson Engineering has received a Letter of Intent (LoI) for an order at estimated value of Rs 10.4 crore for the scope of process piping and equipment erection for a Chemical Storage Terminal Project.
IDFC Bank: IDFC Bank signed a share purchase agreement to acquire 100% of Grama Vidiyal Micro Finance.
Sical Logistics: Sical Logistics has announced that further to the letter of intent issued by the Kamarajar Port to the company's subsidiary Sical Iron Ore Terminals Limited [SIOTL], SIOTL has executed the licence agreement with Kamarajar Port for modification of the existing iron ore terminal on "as is where is" to also handle common user coal at Kamarajar Port on DBFOT basis on July 11, 2016.
Suven Life Sciences: The company announced that it has secured two patents in India and South Africa.
Vedanta Limited: Vedanta has signed two memorandam of understanding (MoUs) with South African companies for supply of equipment, and transfer of technology to improve safety and productivity at its underground mines of its subsidiary, Hindustan Zinc.
MTNL: MTNL and Hungama have partnered to offer exclusive entertainment service to MTNL’s broadband customers in Delhi and Mumbai.
Piramal Enterprises: Piramal Enterprises Ltd is seeking shareholder's nod to issue NCDs on private placement basis. The company is also seeking the same to buy office premises at Kurla for Rs.439 crore.
Avanti Feeds: The board of directors of Avanti Frozen Foods Private Ltd., at its meeting held on July 11, 2016 allotted 40,06,667 equity shares of Rs. 10/- each to Thai Union Group PCL on preferential basis at a premium of Rs. 303/- per share.
Tata Motors: Tata Motors is planning to raise Rs.400 crore by issuing non-convertible debentures and will hold a board committee meeting for this on Friday. Indiabulls Real Estate: The company said it has raised Rs.25 crore through issue of non-convertible debentures on private placement basis.
Cairn India: Cairn Energy is seeking $5.6 billion in compensation from the Indian government for raising a retrospective tax demand of Rs 29,047 crore, according to reports.
Mahindra and Mahindra: Mahindra and Mahindra will seek its shareholders’ approval for raising up to Rs.5,000 crore through issuance of securities on private placement basis from domestic and international markets.
DHFL: The company is planning to further raise share of retail deposits in overall fund to 10% this fiscal as part of its strategy to diversify the sources of borrowings.
Kwality Ltd: US private equity firm KKR is planning to invest Rs. 520 crore in Kwality Ltd, through structured debt instruments, according to reports.
GE Shipping: Great Eastern Shipping Company Ltd has signed contract contracts to buy a Medium Range Product Tanker.
Jaiprakash Power Ventures: Jaiprakash Power Ventures announced that the Board in the said meeting will also consider the proposed Scheme of Arrangement for hive-off and transfer of 500 MW Jaypee Bina Thermal Power Plant of the Company to its subsidiary Company.
Datamatics Global: Datamatics Global has agreed to acquire balance 26.88% stake in Lumina Datamatics Limited i.e. 59,902 fully paid Equity Shares of Rs. 10/-.
Artson Engineering: Artson Engineering has received a Letter of Intent (LoI) for an order at estimated value of Rs 10.4 crore for the scope of process piping and equipment erection for a Chemical Storage Terminal Project.
IDFC Bank: IDFC Bank signed a share purchase agreement to acquire 100% of Grama Vidiyal Micro Finance.
Sical Logistics: Sical Logistics has announced that further to the letter of intent issued by the Kamarajar Port to the company's subsidiary Sical Iron Ore Terminals Limited [SIOTL], SIOTL has executed the licence agreement with Kamarajar Port for modification of the existing iron ore terminal on "as is where is" to also handle common user coal at Kamarajar Port on DBFOT basis on July 11, 2016.
Suven Life Sciences: The company announced that it has secured two patents in India and South Africa.
Vedanta Limited: Vedanta has signed two memorandam of understanding (MoUs) with South African companies for supply of equipment, and transfer of technology to improve safety and productivity at its underground mines of its subsidiary, Hindustan Zinc.
MTNL: MTNL and Hungama have partnered to offer exclusive entertainment service to MTNL’s broadband customers in Delhi and Mumbai.
Piramal Enterprises: Piramal Enterprises Ltd is seeking shareholder's nod to issue NCDs on private placement basis. The company is also seeking the same to buy office premises at Kurla for Rs.439 crore.
Avanti Feeds: The board of directors of Avanti Frozen Foods Private Ltd., at its meeting held on July 11, 2016 allotted 40,06,667 equity shares of Rs. 10/- each to Thai Union Group PCL on preferential basis at a premium of Rs. 303/- per share.
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