·
HDFC raises Rs10000 crore via
warrants
HDFC raises
Rs10000 crore via warrants (3.65 cr warrants at an issue price of Rs14,
exercise price of Rs1,475) and NCDs – positive read thru. HDFC Ltd’s Board has
approved the allotment of 3.65 crore warrants at an issue price of Rs14 per
warrant, with a right to exchange each warrant for one equity share of the
HDFC, any time before the expiry of a period of 36 months from the date of its
allotment (i.e., October 05, 2015) at an exercise price of Rs1,475 per equity
share as against the SEBI floor price of Rs1189.66 per share.
·
Jet Airways cuts fares by up to
30% on overseas routes
Jet Airways
cuts business and economy class fares by up to 30% on overseas routes and those
sold by its strategic partner Etihad Airways – positive read through for the
stock.
·
Bajaj Housing Finance receives
certificate of registration
Bajaj Finance Ltd
has informed that Bajaj Housing Finance Limited, the wholly owned subsidiary of
the Company, has received certificate of registration on October 02, 2015 from
National Housing Bank to commence housing finance business.
·
Cox & Kings owned Meininger
Hotels to open in Budapest
Cox & Kings
owned Meininger Hotels will open a hotel in Budapest, Hungary by spring of
2018. The hotel which will be newly constructed will be operated by Meininger
Hotels under a 20—year lease.
The construction
of the 184 rooms and 751 bed hotel will begin before the end of 2015. Meininger
currently operates 16 hotels with a total of 7,025 beds in 10 European cities.
·
BEL receives Rs7910 crore order
from Indian Air Force
Bharat Electronics
has received an order worth Rs7910 crore to supply air command control systems
for the Indian Air Force – Positive
·
Alstom bags Rs1,102 crore
contract from Lucknow Metro project
Alstom bagged
contract around Rs1,102 crore(150 million euro) to supply train coaches and
signalling solutions for the Lucknow Metro project. The company also has
contracts from other metro projects including those for the cities of Chennai,
Delhi and Kochi. – Positive for Alstom India.
·
Bank of Baroda investigating
Rs350-crore bill discounting fraud
Bank of Baroda
investigating Rs350-crore bill discounting fraud – negative read thru for BOB
.As per media reports, Bank of Baroda is investigating a bill discounting fraud
running into Rs350 crore (probably by textile firm) and has also suspended a
senior official after it discovered the irregularities in its Ahmedabad
operations. The Banks will soon have to decide whether to provide the amount in
the September-end earnings number.
