Biocon to consider issuing of bonus shares on April 25
Biocon, in its filing to the exchanges informed that its board will meet on April 25 to consider the proposal for issuance of bonus shares.
"The Board of Directors will also consider and recommend a proposal for dividend and issue of Bonus shares at the scheduled Board meeting on April 25, 2019, the company said in a press note after markets hours on Monday.
The decision of the Board of Directors will be informed to the Stock Exchange after the conclusion of the meeting, the company added.
JSPL completes delivery of its first-ever rail order to railways
In a significant development that showcases the spirit and ethos of Make in India initiative, Jindal Steel and Power Limited (JSPL) announced that it has completed delivery of the first ever rail order to supply rails to Indian Railways. In July 2018, JSPL bagged 20% of the Rs2, 500cr global tender by the Indian Railways to supply long rails.
Under the global tender which saw participation from seven leading global rail manufacturers, JSPL was only company, technically qualified for the tender. JSPL was to supply 97,400 tonnes of rails to the national transporter over a period of one year. JSPL started dispatching the first consignments of rails on 15th August, 2018 from its Raigarh plant and completed delivery of total quantities on 22nd April, 2019, almost 4 months ahead of schedule.
GVK Power & Infrastructure gains 8% on stake selling plan
Shares of GVK Power & Infrastructure gained 8% on Monday after the company inked an agreement to sell 49% stake in its airport subsidiary.
"GVK Airport Developers (GVKADL) and GVK Airport Holdings (GVKAHL), subsidiaries of our Company, have signed a term sheet and exclusivity agreement with the Abu Dhabi Investment Authority (ADIA) and the National Investment & Infrastructure Fund (NIIF) for an investment in new shares in GVKAHL equating to a 49% stake", the company said in a press note after markets hours to the exchanges on Thursday.
GRUH Finance to consider dividend proposal on April 30
GRUH Finance, in its filing to the exchanges on Monday, informed that the company board will meet on April 30 to consider and approve recommendation of dividend, if any, for FY19.
The board will also consider proposal for borrowing/raising funds by way of on shore and/or off shore debt instruments including but not limited to bonds, non-convertible debentures, non-convertible subordinated debt Tier-Il debentures, denominated in Indian currency and or any foreign currency, in terms of Section 42 of the Companies Act, 2013 read with relevant Rules and Listing Regulations.
GAIL slumps 3% after emerging as highest bidder for IL&FS wind assets
Shares of GAIL were trading 3% down on Tuesday after the company emerged as the highest bidder for Leasing and Financial Services Ltd (IL&FS) wind assets portfolio.
Accordingly, IL&FS has agreed to sell its 874 megawatts (MW) operational wind energy portfolio to state-run gas utility GAIL (India) Ltd for Rs4,800cr, media reports stated citing a press note released by IL&FS. The sale will close in three weeks.
Financial
Advisory Company in Indore, Stock
Advisory Company in Indore, Equity Tips, FreeTrading Tips , MCX Tips, sebi registered advisory company, Intraday
stock tips, Free
commodity tips
0 comments:
Post a Comment