Amtek Auto Ltd: Troubled auto components maker Amtek Auto has pledged its entire stake of nearly 71 per cent in group firm JMT Auto with IL&FS Trust Company (ITCL).
GIC Housing Finance Ltd: The company said it will acquire up to 16 per cent stake in LIC Nomura Mutual Fund Asset Management Company for Rs 22.68 crore
State Bank of Travancore Ltd: The bank said it will raise up to Rs 1,250 crore by issuing tier-II bonds. The board has approved the raising of up to Rs 1,250 crore by way of issue of Basel III compliant Tier II Bonds.
Lanco Infrastructure Ltd: The company approved a move to issue Compulsorily Convertible Debentures (CCDs) on preferential basis to IDFC Bank, worth about Rs 350 crore.
Prakash Steelage Ltd: Stainless steel tubes and pipes manufacturer Prakash Steelage said Spain's Tubacex SA has completed acquisition of a majority 67.5 per cent stake in iits seamless stainless steel tubes division.
CEAT, MRF: Natural rubber producers and traders may be staring at a bleak 2016 after facing one of the worst years in the recent times. The prices of natural rubber have plunged to an eight-year low of about Rs 100 per kg, forcing many growers to abandon tapping in Kerala, which accounts for 90% of rubber cultivation in the country.
GIC Housing Finance Ltd: The company said it will acquire up to 16 per cent stake in LIC Nomura Mutual Fund Asset Management Company for Rs 22.68 crore
Lanco Infrastructure Ltd: The company approved a move to issue Compulsorily Convertible Debentures (CCDs) on preferential basis to IDFC Bank, worth about Rs 350 crore.
Prakash Steelage Ltd: Stainless steel tubes and pipes manufacturer Prakash Steelage said Spain's Tubacex SA has completed acquisition of a majority 67.5 per cent stake in iits seamless stainless steel tubes division.
CEAT, MRF: Natural rubber producers and traders may be staring at a bleak 2016 after facing one of the worst years in the recent times. The prices of natural rubber have plunged to an eight-year low of about Rs 100 per kg, forcing many growers to abandon tapping in Kerala, which accounts for 90% of rubber cultivation in the country.
Union Bank of India: The Competition Commission has approved the state-run Union Bank of India's proposed acquisition of 49 per cent stake in Union KBC Asset Management Company (AMC).
Jet Airways and Godrej Consumer Products: Leading bourse National Stock Exchange (NSE) will introduce four companies, including Jet Airways and Godrej Consumer Products, in the future and option segment from Friday.
Jet Airways and Godrej Consumer Products: Leading bourse National Stock Exchange (NSE) will introduce four companies, including Jet Airways and Godrej Consumer Products, in the future and option segment from Friday.
Srei Infrastructure Finance Ltd: The company offloaded 57.38 lakh shares in Pipavav Defence and Offshore Eng Ltd for Rs 51.34 crore through an open market transaction.
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