The Securities and Exchange Board of India advised L&T
against Rs9,000cr buyback offer since the debt ratio after buyback would be more than twice capital & reserves. The company had proposed to buyback 610 lakh shares at price of Rs1,475 apiece.
stock in focus today as media report stated that the Sebi has issued showcause notice to the company. Raymond alleging multiple securities market voilation, report added.
IDFC First Bank
stock in focus as the Reserve Bank of India approved V Vaidyanathan as managing director, chief executive officer of the bank for three years with effect from December 19 2018.
board to meet on Jan. 23 to consider fund raising. The company had earlier formed a committee to evaluate fund raising of up to Rs25,000cr via equity. The fund raising is expected to complete before March 2019.
’s subsidiary Delhi Airport Metro Express Private Limited (DAMEPL) to move to Supreme Court against the arbitration award in the matter of Delhi Metro Rail Corporation (DMRC).
said that it has achieved financial closure for a four-lane road project in Maharashtra for bid cost of Rs1,048cr.
signed a MoU with the Gujarat Mineral Development to take up joint exploration of manganese bearing area and to conduct mining operations in Gujarat. The company also plans to set up a value addition plant in Gujarat with proposed investment of Rs250cr.
approved investment of Rs40cr in its wholly owned arm MPS Interactive Systems.
Hari Mundra resigned as the non-executive director of Ceat
with effect from January 29.
signed a purchase order contract with Gujarat Fibre Grid Network Ltd. (GFGNL), worth Rs1,011cr to be completed in one year, for implementing BharatNet Phase II project in Gujarat.
Results today: Kotak Mahindra Bank
, GHCL, Hindustan Zinc
, Sasken Tech, Zensar Tech, HUDCO, Just Dial, L&T Financial, Union Bank of India, Amket Auto.