COMPANY NEWS
CLARIFICATIONs
NSE (03.10.15 to
07.10.15)
Often NSE seeks clarifications about news items from
companies. There are also updates on their own from companies. Recent such
clarifications and updates to the NSE are placed below for information of
readers.
07-Oct-2015 : Jubilant Life Sciences Limited has
informed the Exchange regarding a press release dated October 07, 2015, titled
"Jubilant Life Sciences receives ANDA approval for Indomethacin ER
Capsule".
07-Oct-2015 : Punj Lloyd Limited has informed the
Exchange regarding a press release dated October 7, 2015 titled "Punj
Lloyd enters the Transmission and Distribution segment in the power sector Wins
two T&D orders for rural electrification".
07-Oct-2015 : Redington (India) Limited has informed
the Exchange that Redington Gulf FZE , a step down subsidiary of the Company
has entered into a definitive agreement to acquire 70% of Linkplus Bilgisayar
Sistemleri Sanayi ve Ticaret A.Ş, Turkey (Linkplus). This proposed acquisition
is subject to regulatory approvals of authorities in Turkey. Established in
1995, Linkplus is a leading ORACLE Distributor in Turkey. The balance 30% will
be acquired over a 3 year period. The company has been valued around 6X future
earnings.
07-Oct-2015 : Aditya Birla Nuvo Limited has informed
the Exchange regarding a press release dated October 07, 2015 titled "The
Aditya Birla Group partners with The Abraaj Group to invest in Solar Power in
India".
06-Oct-2015 : Aditya Birla Nuvo Limited has informed
the Exchange that further to their letter dated July 9, 2015, wherein it was
informed that the Company is planning to foray into the Solar Power business
through special purpose vehicles (SPVs)/ Subsidiaries and evaluating induction
of lnvestor(s) in the SPVs/Subsidiaries, the Company wish to inform that the
Company has, on October 6, 2015, entered into a definitive Share Subscription
and Shareholders Agreement (SSA) with AEIF Mauritius SPV 1 Limited, an Abraaj
Group Company, to build a renewable energy platform focused on developing
utility-scale solar power plants in India. The Abraaj Group is a leading
private equity investor, managing approx. USD 9 billion of funds and operating
in the growth markets of Africa, Asia, latin America, the Middle East, and
Turkey.As per the SSA, subject to the customary closing conditions and subject
to the requisite approvals, ABNl and AEIF Mauritius SPV 1 limited will hold 51%
and 49% of the paid up share capital respectively, in Aditya Birla Renewables
limited, currently a wholly owned subsidiary of ABNL.
06-Oct-2015 : Adani
Enterprises Limited has informed the Exchange regarding the joint press release
dated October 06, 2015 for Acquisition of 49% interest from Chemoil in Chemoil
-Adani Pte. Ltd.
06-Oct-2015 : The Phoenix Mills Limited has informed
the Exchange that the Company has acquired entire equity stake held by MTX
Hotels Private Limited, Amitabh Tayal and Priyank Tayal in Gangetic Hotels
Private Limited (GHPL) aggregating to 19.38% of GHPL's equity share capital on
October 6, 2015. Accordingly, subsequent to the aforesaid acquisition, in terms
of the provisions of the Companies Act, 2013, GHPL has become a subsidiary of
the Company with effect from October 6, 2015.
06-Oct-2015 : Siemens Limited has informed the Exchange
regarding a press release dated October 6, 2015 titled "IL&FS &
GIFTCL sign MoU with Siemens to develop Smart Mobility Solutions for
GIFT".
06-Oct-2015 : Kiri Industries Limited has informed the
Exchange that the Company has entered into settlement agreement with Punjab
National Bank for settlement of debts of the Company. As per settlement terms
total outstanding debts was Rs. 156.85 crores and total settlement amount is
Rs. 86.50 crores out of which the Company has paid Rs. 21.25 Crores upfront and
balance Rs. 65.25 crores payable in 12 equal monthly installments with simple
interest @ 10.00% p.a. Further if the Company fails to pay two consecutive
installments to the Punjab National Bank then entire settlement will stand
cancelled and the Company will be liable to pay entire outstanding debts of Rs.
156.85 crores alongwith interest.
06-Oct-2015 : Tata Power Company Limited has informed
the Exchange regarding a press release dated October 6, 2015 titled
"Secusmart and Tata Power SED announce wide-ranging cooperation for the
Indian market".
06-Oct-2015 : Sakthi Sugars Limited has informed the
Exchange that the Company is in active discussion with Bondholders having
majority of FCCB (Series B) for a possible compromise for settlement through
redemption, without involving any conversion of bonds into equity, and hope to
reach a consensus and documentary closure shortly. This would mean that there
would be no need for a scheme to be considered. In the circumstance and owing
to this ongoing exercise, Company is in the process of moving the Honourable
High Court of Judicature at Madras for appropriate directions and in the
circumstances no meeting of the Equity shareholders or the bondholders has been
held.
06-Oct-2015 : Alstom India Limited.The media had
reports that "Alstom bags Lucknow metro contract worth Rs.1,100
crore".The Exchange, in order to verify the accuracy or otherwise of the
information reported in the media and to inform the market place so that the
interest of the investors is safeguarded, had written to the company.Alstom
India Limited has vide its letter inter-alia stated, "We would like to
clarify that the aforesaid contract is not awarded to ALSTOM India
Limited."
06-Oct-2015 : Bajaj Finance Limited has informed the
Exchange that Bajaj Housing Finance Limited, the wholly owned subsidiary of the
Company, has received certificate of registration on October 02, 2015 from
National Housing Bank to commence housing finance business.
06-Oct-2015 : Eros International Media Limited has
informed the Exchange regarding a Press Release dated October 05, 2015 titled
''Eros international to release Salim Ahamed's new upcoming Malayalam film
Pathemari''
06-Oct-2015 : NIIT Limited has informed the Exchange
regarding a Press Release dated October 06, 2015 titled ''NIIT.tv unveiled- A
disruptive innovation by NIIT aimed at radically changing the skilling
landscape''
06-Oct-2015 : Suzlon Energy Limited has informed the
Exchange regarding a press release dated October 06, 2015 titled "Suzlon
Group Wins Repeat Order of 100.8 MW from Orange Renewable".
05-Oct-2015 : Housing Development Finance Corporation
Limited has informed the Exchange regarding a press release dated October 5,
2015 titled "HDFC Reduces Its Lending Rates - Reduction to benefit all
customers".
5-Oct-2015 : J.Kumar Infraprojects Limited. The media
had reports that "JK Infra wins Mumbai metro line III contracts". The
Exchange, in order to verify the accuracy or otherwise of the information
reported in the media and to inform the market place so that the interest of
the investors is safeguarded, had written to the company. J.Kumar Infraprojects
Limited has submitted its response.
05-Oct-2015 : The Exchange had sought clarification
from Bharat Electronics Limited with respect to a news item captioned
"Radar Integration: IAF signs Rs. 8,000-Crore deal with BEL". The
Company has clarified that "A contract worth Rs. 7910 Crores was signed on
October 01, 2015 between Bharat Electronics Limited and Ministry of Defence,
for "Supply of Additional Integrated Air Command & Control Systems
(IACCS) Nodes and Associated Systems" for Indian Air Force".
05-Oct-2015 : Tech Mahindra Limited has informed the
Exchange regarding a press release dated October 05, 2015, titled
"Bombardier Selects Tech Mahindra as a Supplier for the C Series
Aircraft's Health Management System".
05-Oct-2015 : The Exchange has sought clarification
from Adani Power Limited with respect to recent news item captioned "Adani
to Buy Two Power Plants from Welspun for Rs.400 cr".
05-Oct-2015 : News about Tata Motors Limited.The media
had reports that "Peugeot, Tatas may Join Hands".The Exchange, in
order to verify the accuracy or otherwise of the information reported in the
media and to inform the market place so that the interest of the investors is
safeguarded, had written to the company.Tata Motors Limited has vide its letter
inter-alia stated, "We would like to clarify that while the company may be
pursuing several initiatives at a given point of time, there has been no
significant event that requires a disclosure as per Clause 36 of the Listing
Agreement."
05-Oct-2015 : Wonderla Holidays Limited has informed
the Exchange that the suit O.S. No. 498 of 2007 in the Court of the Honorable
Vth Additional District Judge, Rangareddy District, L.B. Nagar, Hyderabad,
wherein the Company got impleaded as defendant, was settled out of Court
amicably with the Plaintiffs viz., Nimma Dayakar Reddy and Anumala Hemalatha
Devi.
05-Oct-2015 : Energy Development Company Limited has
informed the Exchange with reference to Company's letter dated October 2, 2015
where Company had informed about the flooding of EDCL Harangi Hydro Electric
Project, Unit 1 at Harangi, Karnataka. That is to further infrom that the
entire water has been pumped out and the restoration work has been commenced.
05-Oct-2015 : Corporation Bank has informed the
Exchange that the Bank has revised the Base Rate for lending from 9.90% p.a. to
9.70% p.a. with effect from October 8, 2015.
05-Oct-2015 : Alok Industries Limited has informed the
Exchange that in continuation to Company letters dated September 21, 2015,
Company has informed that the receipt of USD 875 million under the Export
Performance Bank Guarantee Scheme (EPBG) backed export advance scheme out of
the targeted USD 1633.33 million equivalent to about Rs. 9800 crores. Company
have now received an additional advance amounting to USD 50 million on October
01, 2015 under the said scheme taking the total export advance received till
date to USD 925 million.
05-Oct-2015 : Cox & Kings Limited has informed the
Exchange regarding the Press Release titled ''Cox & Kings owned Meininger
Hotels to open in Budapest''
5-Oct-2015 : State Bank of Mysore has informed the
Exchange that the Bank has revised downward the Base Rate of the Bank from
9.90% to 9.65% to be effective from October 7, 2015. The Bench-Mark Prime
Lending Rate continues to be at the same level of 15%.
05-Oct-2015 : The Exchange has sought clarification
from Apollo Hospitals Enterprise Limited., with respect to recent news item
captioned "Apollo, IHH's Decade - old Alliance on Shaky Ground" and
"Expansion in mind, Apollo Hospitals to raise funds".
05-Oct-2015 : The Exchange has sought clarification
from Tata Motors Limited., with respect to recent news item captioned
"Peugeot, Tatas may Join Hands".
05-Oct-2015 : Tata Global Beverages Limited has
informed the Exchange that ICRA Ltd. has vide their letter dated October 1,
2015 have reaffirmed the ICRA AA+ (pronounced as ICRA Double A Plus) long term
rating and ICRA A1+ (pronounced as ICRA A One Plus) short term rating for the
Company's Rs. 424 crores lines of credit for various facilities.
05-Oct-2015 : Educomp Solutions Limited has informed
the Exchange that M/s Educomp Intelliprop Ventures Pte Ltd, subsidiary of
Educomp Solutions Limited, has sold its entire stake in Wiz Learn Technology
Pte Ltd, Singapore to V-cube Global Services Pte. Ltd.Further, corresponding to
such sale the investment of Wiz Learn Technology Pte Ltd in 3 subsidiaries
naming Singapore Learning .com Pte Ltd; Pave Education Pte Ltd and Wiz Learn
Pte Ltd will also get sold.
05-Oct-2015 : Ahluwalia Contracts (India) Limited has
informed the Exchange regarding a press release dated October 5, 2015 titled
"Recent Award of New Projects worth Rs. 220.47 Crores"
05-Oct-2015 : Union Bank of India has informed the
Exchange vide letter dated October 05, 2015 regarding Purchase of stake of KBC
Participations Renta in Union KBC Asset Management Co. Pvt Ltd. and Union KBC
trustee Company Pvt Ltd.
05-Oct-2015 : IL&FS Transportation Networks Limited
has informed the Exchange regarding news clarification vide letter dated
October 04, 2015 with respect to recent news item captioned "Piramal to
Hold 35% in Combo Entity with IL&FS".
03-Oct-2015 :
Vijaya Bank has informed the Exchange that Asset and
Liability Committee of the Bank has approved the reduction of base rate by
20bps from 9.85% p.a. to 9.65% p.a. with effect from October 08, 2015.
03-Oct-2015 : Indian Bank has informed the Exchange
that Bank has reduced the Base Rate from 9.95% to 9.65% per annum with effect
from October 07, 2015.
03-Oct-2015 : Energy Development Company Limited has
informed the Exchange that the Company's 9 MW Harangi Project's power house and
control room got totally submerged in water during midnight. Companys operation
& Management team is safe. The water is being pumped out. The cause of
flood and extent of damage are also being investigated.
03-Oct-2015 : Jubilant Industries Limited has informed
the Exchange that Jubilant Agri and Consumer Products Limited
("JACPL"), Company's material non listed wholly owned subsidiary, has
proposed to file a petition under relevant applicable provisions of Companies
Acts, for reduction of its capital by way of setting of its accumulated losses
against securities premium account as on March 31, 2015 subject to
approval/confirmation of the High Court of Judicature at Allahabad (High
Court). Further, the High Court has approved the reduction of Capital vide its
order dated October 1, 2015.
03-Oct-2015 : Navin Fluorine International Limited has
informed the Exchange regarding the Disclosure relating to acquisition of
balance stake in Manchester Organics Ltd , U.K.Pursuant to the agreements
executed at the time of acquisition of initial 51% equity stake and based on
mutual negotiations, NFIL (UK) Ltd., a 100% subsidiary of the Company has
acquired the balance 49% equity in MOL.
03-Oct-2015 : Oriental Bank Of Commerce has informed
the Exchange about the Change of Interest Rate on Bank's Term Deposits across
various maturities w.e.f. 05.10.2015
03-Oct-2015 : Karur Vysya Bank Limited has informed the
Exchange regarding the Revision in Base Rate and BPLR of the Bank with effect
from October 05, 2015.
No comments:
Post a Comment