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

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.

Wednesday, May 13, 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.

Tuesday, May 12, 2015

Lanco, GVK Power, GMR applied for supply of imported gas

Lanco Infratech, GMR Energy, Torrent Power, GVK Power and Ratnagiri Thermal Power are among companies that have applied for supply of imported gas for their power plants, according to reports.Report said that the power ministry received bids from gas-based power plants with combined stranded capacity of 8,000 megawatts.

India's total gas-based power generation capacity is 27,123 MW, says report.The reverse auction will now commence at 11 am for stranded power plants.The electronic eauction platform will automatically calculate and display the quantity of the required re-gasified liquefied natural gas (RLNG) to generate the quoted amount of electricity.