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Monday, July 6, 2015

IDFC Limited - Scheme of Arrangement

IDFC Limited has submitted to the Exchange signed copy of the sanction order of Honourable court of Madras regarding approval of the scheme of arrangement between IDFC Limited (Transferor Company) and IDFC Bank Limited (Transferee Company).

Thursday, July 2, 2015

IDFC to hold board meeting

IDFC will hold a meeting of the Board of Directors of the Company on 30 July 2015, to consider the Unaudited Financial Results (subjected to Limited Review by Auditors) for Q1FY15

Thursday, May 28, 2015

NDTV brings to you an Auto series with 'MotorHeads'

Debuting on NDTV is MotorHeads, a new show that is set to give you a 360 degree holistic view of the automobile industry. Anchored by Siddharth Vinayak Patankar, Head - Auto Programming NDTV and P.S Balakrishnan, Senior Special Correspondent NDTV, the series will feature automobile industry stalwarts and senior executives, who have managed to outclass the competition and set themselves into a league of their own. The show airing every Wednesday at half-past eight on NDTV Prime will see Siddharth Vinayak Patankar & P.S Balakrishnan in conversation with automobile industry aficionados. MotorHeads will not only be for the auto enthusiasts, but also for every consumer who is curious to understand how a manufacturing idea attains a real form - from the boardroom to the shiny wheels displayed behind the big glass in a swanky car showroom. In the first episode, Global CEO of Ford Motor Co, Mark Fields talks to Siddharth Vinayak Patankar about the blue oval's plans for India. Prominent automobile industry stalwarts featuring on the show will include Hiroyuki Yanagi, President and CEO of Yamaha Motor Company and Michael Mayer, Brand Director of Volkswagen Passenger Cars.

Monday, May 18, 2015

GVK Power & Infrastructure Limited - Outcome of Board Meeting

GVK Power & Infrastructure Limited has informed the Exchange that a meeting of the Board of Directors of the Company was convened on May 16, 2015, wherein the Board approved the following, inter alia, subject to approval of the shareholders under Section 62 of the Companies Act, 2013 and the Rules made thereunder and other relevant approvals as may be required under the applicable laws.The issue and allotment of equity shares of the Company, not exceeding Rs.1,000 Crores (with a green shoe option to retain upto Rs 500 Crores from the excess subscriptions received), including pursuant to an offer to qualified institutional buyers under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended.

Jindal Steel & Power to hold board meeting

Jindal Steel & Power will hold a meeting of the Board of Directors of the Company on 27 May 2015, to consider and approve the Audited financial results of the Company for the 4th Quarter and Financial Year ended on 31 March 2015, both on standalone and consolidated basis.

Saturday, May 16, 2015

Board of GVK Power & Infrastructure approves raising funds up to Rs 1000 Cr

GVK Power & Infrastructure announced that the Board of Directors of the Company at its meeting held on 16 May 2015, inter alia, has approved the following, subject to approval of the shareholders under Section 62 of the Companies Act, 2013 and the Rules made thereunder and other relevant approvals as may be required under the applicable laws. The issue and allotment of equity shares of the Company, not exceeding Rs.1,000 crore (with a green shoe option to retain upto Rs.500 crore from the excess subscriptions received), including pursuant to an offer to qualified institutional buyers under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended.

Thursday, May 14, 2015

IDFC updates on proposed scheme of arrangement

IDFC announced that a Petition under Sections 391-394 of the Companies Act, 1956, for obtaining sanction of the Hon'ble High Court of Judicature at Madras, to a Scheme of Arrangement among IDFC (Transferor Company) and IDFC Bank (Transferee Company) and their respective Shareholders and Creditors (Scheme) was presented by the Transferor Company to the Hon'ble Court on 13 April 2015, and was admitted for hearing on 28 April 2015. Said Petition is now fixed for hearing before the Hon'ble Court on 19 June 2015 at 10:30 a.m.

As directed by the Hon'ble High Court, individual notices are being issued to all the Long term Infrastructure Bondholders of the Transferor Company.