Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Hinduja Ventures Ltd to increase stake in Hinduja Leyland Finance Ltd through right issue

Posted On: 2019-03-16 09:37:37

The Investment Committee / Board of Hinduja Ventures Ltd has on March 14, 2019, accorded its approval (i) to subscribe 2,22,862 equity shares of Rs. 10/- each of Hinduja Leyland Finance Limited (HLFL) offered to the Company on rights basis at a price of Rs.153/- per share (including premium of s.143/- per share) in the proportion of 1 new equity share for every 72 equity shares held i.e. (1:72) in HLFL; and (ii) to subscribe such additional number of equity shares of Rs. 10/- each of HLFL, which may be renounced in favour of the Company by the existing members of HLFL, at a price of Rs. 153/- per share (including premium of Rs. 143 /- per share) pursuant to Letter of Offer dated March 07, 2019.

The Company's shareholding after subscribing to the equity shares offered on rights basis will increase to 1,62,68,907 equity shares (as against 1,60,46,045 equity shares) which would be equivalent to 3.46% on the enhanced equity paid up capital of HLFL ( excluding renunciation portion, if any)

Shares of HINDUJA VENTURES LTD. was last trading in BSE at Rs.353 as compared to the previous close of Rs. 341.8. The total number of shares traded during the day was 744 in over 32 trades.

The stock hit an intraday high of Rs. 355 and intraday low of 341.6. The net turnover during the day was Rs. 260629.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

MEP Longjian Loha Waranga Road Pvt Ltd receives appointed date from NHAI

Kalpataru Power Transmission Ltd to acquire 85% stake in Linjemontage i Grastorp AB

Infibeam Avenues Ltd acquires 100% stake in Vavian International Ltd

MEP Longjian CLR Pvt Ltd gets appointed date for its project

Amarjothi Spinning Mills Ltd acquires shares in Premchander Green Energy Pvt Ltd

Coastal Gujarat Power Ltd to sell stake in subsidiary

MEP Longjian ACR Pvt Ltd updates on project

Jet Airways board approves the conversion of lenders' debt into equity

Indiabulls Real Estate Ltd to raise Rs. 600 crore through NCDs

Shalby Ltd updates on implementation of Ayushman Bharat Yojana in Gujarat

The Ramco Cements Ltd bags awards at India Green Manufacturing Challenge - 2018

Gulf Oil Lubricants repays long term non-fund based facilities

Vaibhav Global climbs to 147th rank in Fortune India's Next 500 list

NGL Fine Chem Ltd signs MOU to acquire company

Shree Cement Ltd board to consider Q4, FY19 results, final dividend on May 18, 2019

City Union Bank has opened 4 new branches

CARE reaffirms ratings of NOCIL Ltd

Pritish Nandy Communications Ltd to commence Season 2 of Four More Shots Please!

Airtel further simplifies tariffs with new calling rates

BCL Industries Ltd board to consider conversion of warrants

Jet Airways India Ltd updates on resolution plan

Yuken India Limited updates on JDA with Brigade Enterprises Ltd

Tourism Finance Corporation of India Ltd appoints Mr. Anirban Chakraborty as MD & CEO

Shanthi Gears Ltd appoints additional director

Cochin Shipyard Ltd receives order for 9 vessels

Rainbow Denim Ltd suspends manufacturing activity at its plant

Fire outbreak at Aditya Vision Ltd's office in Patna

Ashoka Buildcon Ltd receives arbitration award of Rs. 36.29 crore

IFGL Refractories Ltd board to consider Q4, FY19 results on May 11, 2019

Velan Hotels Ltd board approves OTS proposal

SQS India BFSI Ltd board to consider terms of buyback

Thomas Cook India sees emergence of Election Tourism during this voting season

Bajaj Electricals Ltd board to consider raising funds through debt securities

Infosys Foundation Signs MoU to Foster Research in Orientology

Orient Paper & Industries Ltd appoints additional director

NTPC declares commercial operation of Unit-3 of 250 MW of Bongaigaon Thermal Power Project

Brickwork Ratings India Pvt Ltd upgrades rating of Aanchal Ispat Limited

JSPL re-starts 1.8 MTPA Direct Reduced Iron (DRI) plant at Angul

DCW Ltd board to consider fund raising on March 29, 2019

Meera Industries Ltd calls for board meeting on March 29, 2019

Jai Corp Ltd redeems 4,50,000 preference shares

Lupin receives FDA approval for Sildenafil Tablets USP

TAYO Rolls Ltd board to consider Q4 results on Apr 8, 2019

Everest Group names HCL a 'Leader' and 'Star Performer' in Cloud enablement services Peak Matrix Assessment 2019

Time Technoplast Ltd receives order of Rs. 210 crores

IOC and BPRL awarded 100% stake in Abu Dhabi Onshore Block 1 Concession

Varun Beverages Ltd gets CCI nod for acquisition of franchise rights from PepsiCo

Bank of Baroda to raise funds through US $ denominated notes

L&T Construction bags contracts for its Buildings and Factories & Water and Effluent Treatment businesses

Tata Motors to increase prices of its Passenger Vehicles from April 2019







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019