After Trading Hour News
Videocon to consider raising Rs 1500 cr on Dec 18
Leading electronics firm, Videocon Industries Ltd on Wednesday said an Extra Ordinary General Meeting (EGM) will be held on December 18 to consider raising Rs 1500 crore through issue of securities.
The EGM would consider and pass a resolution authorising the board of directors to raise the amount through issue of securities other than warrants, which are convertible into equity shares under Qualified Institutional Placement, Videocon Industries informed the Bombay Stock Exchange.This is in super session of the resolution passed on June 26, at an Extra Ordinary General Meeting of the shareholders.Shares of the company were trading at Rs 439, up marginally 0.09 per cent on the BSE.
Banks raises over Rs 11,000 cr from capital mkt
Surging stock markets have helped 11 banks to garner a whopping 11,067 crore to meet their capital requirements during 2005-06.
"Encouraged by the a firm trend in the prices of the banking sector, the 11 banks (six public sector and five private sector banks) raised Rs 11,067 crore from the equity market," a RBI report on Trend and Progress of the Banking in India said.
The total capital resources raised during the year was higher by 48.67 per cent as compared to Rs 7,444 crore in the previous year.
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PNB ties up with IDBI Capital
Punjab National Bank (PNB) on Wednesday tied up with IDBI Capital to provide advanced e-trading services to its customers."With this tie up the bank will be able to provide comprehensive investment solutions to all their customers," PNB Executive Director K Raghuraman said here.Presently this initiative is being rolled out in two metros and will be available nationally at the earliest, he added.
Granules India to raise 20 mn dollars
Pharmaceutical formulation intermediates manufacturer, Granules India on Wednesday said it will consider raising up to 20 million dollar though issue of securities in domestic and international markets.
In a communique to the Bombay Stock Exchange, Granules said an Extra Ordinary General Meeting (EGM) of the shareholders would be held on December 4, to consider the proposal of raising up to 20 million dollar through issue of Global Depository Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs) and equity shares.
The shareholders approval would also be sought on another proposal regarding the borrowing of up to Rs 300 crore by way of advances, deposits, loans, non convertible debentures and bonds, it added.A proposal to increase the authorised share capital of the company to Rs 30 crore from Rs 20 crore would also be considered at the aforesaid meeting.
Recently, Granules India and China-based Hubei Biocause Heilen Pharmaceutical Company Ltd, (Biocause) had signed an MoU to create a 50:50 joint venture entity to manufacture and sell pharmaceutical APIs (Active Pharmaceutical Ingredients), starting with Ibuprofen.
Leading electronics firm, Videocon Industries Ltd on Wednesday said an Extra Ordinary General Meeting (EGM) will be held on December 18 to consider raising Rs 1500 crore through issue of securities.
The EGM would consider and pass a resolution authorising the board of directors to raise the amount through issue of securities other than warrants, which are convertible into equity shares under Qualified Institutional Placement, Videocon Industries informed the Bombay Stock Exchange.This is in super session of the resolution passed on June 26, at an Extra Ordinary General Meeting of the shareholders.Shares of the company were trading at Rs 439, up marginally 0.09 per cent on the BSE.
Banks raises over Rs 11,000 cr from capital mkt
Surging stock markets have helped 11 banks to garner a whopping 11,067 crore to meet their capital requirements during 2005-06.
"Encouraged by the a firm trend in the prices of the banking sector, the 11 banks (six public sector and five private sector banks) raised Rs 11,067 crore from the equity market," a RBI report on Trend and Progress of the Banking in India said.
The total capital resources raised during the year was higher by 48.67 per cent as compared to Rs 7,444 crore in the previous year.
To Read MoreClick Here
PNB ties up with IDBI Capital
Punjab National Bank (PNB) on Wednesday tied up with IDBI Capital to provide advanced e-trading services to its customers."With this tie up the bank will be able to provide comprehensive investment solutions to all their customers," PNB Executive Director K Raghuraman said here.Presently this initiative is being rolled out in two metros and will be available nationally at the earliest, he added.
Granules India to raise 20 mn dollars
Pharmaceutical formulation intermediates manufacturer, Granules India on Wednesday said it will consider raising up to 20 million dollar though issue of securities in domestic and international markets.
In a communique to the Bombay Stock Exchange, Granules said an Extra Ordinary General Meeting (EGM) of the shareholders would be held on December 4, to consider the proposal of raising up to 20 million dollar through issue of Global Depository Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs) and equity shares.
The shareholders approval would also be sought on another proposal regarding the borrowing of up to Rs 300 crore by way of advances, deposits, loans, non convertible debentures and bonds, it added.A proposal to increase the authorised share capital of the company to Rs 30 crore from Rs 20 crore would also be considered at the aforesaid meeting.
Recently, Granules India and China-based Hubei Biocause Heilen Pharmaceutical Company Ltd, (Biocause) had signed an MoU to create a 50:50 joint venture entity to manufacture and sell pharmaceutical APIs (Active Pharmaceutical Ingredients), starting with Ibuprofen.
posted by SY at 5:50 PM
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