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Tag: BSE Limited

  • NDTV resolutions confirm re-appointment of Roys & sale of subsidiaries

    MUMBAI: NDTV, in a communique to the secretary, BSE Limited, and assistant VP, Listing Department, National Stock Exchange of India, signed by the company secretary Navneet Raghuvanshi, confirmed that four special resolutions as mentioned in the Postal Ballot Notice dated 11 May, 2017, have been passed by the members through postal ballot (including e-voling) with the requisite majority.

    The resolutions were: Re-appointment of Prannoy Roy as the executive co-chairperson of the company and payment of remuneration, re-appointment of Radhika Roy as the executive co-chairperson of the company and payment of remuneration, sale of entire equity stake by NDTV Lifestyle Holdings Limited, NDTV Convergence Limited and NDTV Worldwide Limited, each a material subsidiary of the Company, in NDTV Ethnic Retail Limited, another material subsidiary of the company, to Nameh Hotels & Resorts Private Limited and sale of 2% equity stake by NDTV Networks Limited, a material subsidiary of t he company, in NDTV Lifestyle Holdings Limited (Lifestyle Holdings), another material subsidiary of the Company, to Nameh Hotels & Resorts Private Limited and thereby ceasing the control over Lifestyle Holdings and NDTV Lifestyle Limited, another material subsidiary of the company.

    Practicing company secretaries Hemant Kumar Singh and Prashant Kumar Balodia were appointed as the scrutinizer(s) by the company to conduct the postal ballot (including e-voting) process in fair and transparent manner. They submitted their report on 23 June, 2017.

  • RCOM gets SEBI approval for demerger of wireless biz into Aircel

    MUMBAI: Reliance Communications has received approval of the Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) for the proposed scheme of arrangement for demerger of the wireless division of the company into Aircel Limited and Dishnet Wireless Limited (the Scheme).

    Pursuant to the same, Reliance Communications has filed an application with National Company Law Tribunal (NCLT), Mumbai Bench, for approval of the said scheme. The proposed transaction is subject to other necessary approvals.

    Post closing, the company and the present shareholders of Aircel Limited will hold 50 per cent each in Aircel Limited.

  • India Infoline Finance Limited Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs) subscribed 2.2 times

    India Infoline Finance Limited Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs) subscribed 2.2 times

    India Infoline Finance Limited’s Public Issue of Secured Redeemable Non-Convertible Debentures received an overwhelming response with total subscription amounting to Rs. 11,540 mn as per the initial data on the stock exchanges. The IIFL Secured Bonds issue was subscribed 2.2 times (as of 5:30 pm on September 23) on the Issue Closing Day.

     

    Nirmal Jain, Chairman, India Infoline Group, said, “We are overwhelmed by such record response with bids for Rs. 1154 crore to our Rs. 525 crore NCD issue, particularly in the backdrop of such tight liquidity conditions and uncertain environment. The response from retail investors with bids of over Rs. 500 crore is a reaffirmation of trust in the brand IIFL.  Similar robust response from institutional investors is a vote of confidence in our risk management and governance.  We remain committed to live up to the trust and confidence of retail as well as institutional investors.”

     

    According to the stock exchanges data, all the categories under the Issue were oversubscribed. As per the stock exchanges data, Categories III (retail individual investors, NRIs and Hindu families) has been subscribed to approximately around 1.93 times. As per the stock exchanges data, Categories II has been subscribed to approximately around 1.98 times. As per the stock exchanges data, Categories I (Institutions) has been subscribed to approximately around 2.6 times.

     

    The NCDs will be listed on National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) and will have a tradable lot size of 1 NCD.

     

    Disclaimer: India Infoline Finance Limited (“Issuer” or “the Company”) , has proposed to offer public issue of Secured Redeemable Non-Convertible Debentures through Prospectus filed with ROC, NSE, BSE and Securities and Exchange Board of India (for record purposes) read with Corrigendum issued in all editions of Financial Express, Navashakti and Jansatta on September 16, 2013. The Prospectus is available on the website of the stock exchanges at www.nseindia.com and www.bseindia.com; on the website of Securities and Exchange Board of India at www.sebi.gov.in; and the respective websites of the Lead Managers at www.axiscapital.co.in, www.iiflcap.com, www.trustgroup.co.in, www.idbicapital.com and Co-Lead Managers at www.rrfinance.com/rrfcl.com, www.karvy.com, www.smccapitals.com.  Investors proposing to participate in the Issue should invest only on the basis of information contained in the Prospectus and special attention is drawn to the risk factors contained therein.

     

    “It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the Prospectus has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the Prospectus. The investors are advised to refer to the Prospectus for the full text of the ‘Disclaimer Clause of the BSE Limited.”

     

    “It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Offer Document for the full text of the ‘Disclaimer Clause of NSE”.