Sensex

Wednesday, May 11, 2011

HDFC Mutual Fund - HDFC Debt Fund for Cancer Cure - Dividend Payout - 100% Dividend Donation Option: Declaration of NAV

HDFC Mutual Fund - HDFC Gold Exchange Traded Fund has informed BSE the NAV of the scheme and is placed at Corporate Announcement on BSE-India Website.Read More

Bhagwati Banquets and Hotels Ltd: Outcome of Board Meeting

Bhagwati Banquets and Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 11, 2011, inter alia, approved appointment of Mr. Sandip Pandya as a Company Secretary and Compliance officer of the Company with effect from May 13, 2011.

Ispat Industries Ltd: Announces Q3 Results

Ispat Industries Ltd has announced the following results for the quarter ended March 31, 2011:

The UnAudited results for the Quarter ended March 31, 2011

The Company has posted a Net Profit of Rs 701.80 million for the quarter ended March 31, 2011 as compared to Net profit of Rs 223.60 million for the quarter ended March 31, 2010. Total Income has increased from Rs 24833.00 million for the quarter ended March 31, 2010 to Rs 27218.80 million for the quarter ended March 31, 2011.Read More

Himachal Futuristic Communications Ltd: Adoption of Rework of CDR Package

Himachal Futuristic Communications Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on May 11, 2011 have considered and approved the Sanction of Rework of Corporate Debt Restructuring (CDR) Package by its lenders through the Empowered Group of CDR Cell , Sanction of said Rework Package received from IDBI Bank Limited and Oriental Bank of Commerce (OBC). The Rework Package inter-alia includes; waiver of penal interest, liquidated damages on all loans and premium on Zero Coupon Premium Bonds (ZCPBs); settlement of certain liabilities on 0TS basis; reduction in interest rate on all loans with effect from cutoff date i.e. January 01, 2011; re-schedulement and elongation of repayment period of term loans; conversion of some of loans into equity etc.

The aforesaid restructuring will improve the cash flow and strengthen the financial position of the Company.

Gratex Industries Ltd: Financial Results for Mar 31, 2011

Gratex Industries Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More

Bharti Airtel Ltd: Disclosures under Reg.13(4) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Manoj Kohli has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Shree Renuka Sugars Ltd: Appointment of Director

Shree Renuka Sugars Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2011 appointed Mr Vijendra Singh as an Additional Director and also whole time Director of the Company with immediate effect.

Kerala Ayurveda Ltd: Results Press Release

Kerala Ayurveda Ltd has informed BSE regarding a Press Release dated May 11, 2011 titled "Year of Consolidation, Growth and New Initiatives".Read More

ICRA Ltd: Outcome of Board Meeting

ICRA Ltd has informed BSE that :

1. Mr. Pranab Kumar Choudhury has been reappointed as Whole-time Director (Vice-Chairman & Group CEO) of the Company, at the Board Meeting held on May 11, 2011, for a period of two years with effect from February 01, 2012, subject to the approval of the shareholders at the forthcoming Annual General Meeting.

2. Mr. Naresh Takkar has been reappointed as Whole-time Director (Managing Director & CEO) of the Company at the Board Meeting held on May 11, 2011 for a period of five years with effect from July 01, 2011, subject to the approval of the shareholders at the forthcoming Annual General Meeting.

Omkar Overseas Ltd: Disclosures under Reg. 7(3) of SEBI (SAST) Regulations, 1997

Omkar Overseas Ltd has submitted the disclosure under Regulation 7(3) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSERead More

Royale Manor Hotels & Industries Ltd: Outcome of Board Meeting

Royale Manor Hotels & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 11, 2011, inter alia, has approved appointment of Mr. Vishwanath Prasad Singh as an Additional Director of the Company.

Karur KCP Packkagings Ltd: RBI Approval for revision of the terms and conditions of the USD 10,000,000 2% unsecured FCCBs due 2011

Karur KCP Packkagings Ltd has informed BSE that the Reserve Bank of India has approved:

1. Extension of the maturity of FCCBs from April 27, 2011 to April 26, 2016; and

2. Revision in YTM from 7 % per annum to 5 % per annum.

Bharti Airtel Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Bharti Airtel Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Omkar Overseas Ltd: Disclosures under Reg.13(4) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Champalal Agarwal has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Arshiya International Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Arshiya International Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Ispat Industries Ltd: Change in Directorate

Ispat Industries Ltd has informed BSE that Mr R K Jena has ceased to be a Alternate Director to Mr Pramod Mittal with effect from May 09, 2011, upon his nomination having been withdrawn by Mr Pramod Mittal.

Further, the Company has informed that upon being requested by Mr Pramod Mittal, the Board of Directors of the Company at its meeting held on May 11, 2011 appointed Mr Suhail Nathani as an Alternate Director to act for Mr Pramod Mittal in accordance with Section 313 of the Companies Act, 1956.

Virinchi Technologies Ltd: Outcome of Board Meeting

Virinchi Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 11, 2011, inter alia, transacted the appointed Mr Ramam Madu as Additional Director in the Company. he will act as independent Non-Executive Director.

Arshiya International Ltd: Financial Results for Mar 31, 2011

Arshiya International Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More

KDDL Ltd: Quarterly update

KDDL Ltd has submitted to BSE a copy of Quarterly update, January - March, FY11.Read More

Cupid Ltd: Updates on Outcome of Board Meeting

With reference to the earlier announcement regarding Outcome of Board Meeting held on April 28, 2011, Cupid Ltd has now informed BSE that in respect of the point no. 2, wherein the Company have mentioned for allotment upto 15,00,000 convertible warrants to the non - promoters instead of that please read 15,00,000 convertible warrant to be issued to promoters and non promoters of the company and therefore please read that point 2 as under:

"To issue 15,00,000 convertible warrants carrying an entitlement to subscribe to an equivalent number of fully paid up equity shares of face value Rs. 10/- each at a price not less than Rs. 10/- per equity share on preferential basis to promoters and non- promoters of the Company subject to the approval given by shareholders of the Company and other requisite permissions."

Tanla Solutions Ltd: Results Press Release

Tanla Solutions Ltd has informed BSE regarding a Press Release titled "Financial Updates".Read More

Black Rose Industries Ltd: Proposed Bonus Issue

Black Rose Industries Ltd has informed BSE that the Board has decided to obtain the approval of the shareholders for the proposed Bonus Issue through Postal Ballot instead of passing the resolution at the Annual General Meeting of the Company.

Morarjee Textiles Ltd: Financial Results for Mar 31, 2011

Morarjee Textiles Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More

Usha Martin Ltd: Results Press Release

Usha Martin Ltd has informed BSE regarding a Press Release dated May 11, 2011 titled "Consolidated Net Profit at Rs. 137.03 Crores".Read More

HDFC Mutual Fund - HDFC Gold Exchange Traded Fund: Declaration of NAV

HDFC Mutual Fund - HDFC Gold Exchange Traded Fund has informed BSE the NAV of the scheme and is placed at Corporate Announcement on BSE-India Website.Read More

Priyadarshini Spinning Mills Ltd: Financial Results for Mar 31, 2011

Priyadarshini Spinning Mills Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More

Zee Entertainment Enterprises Ltd: Disclosures under Reg. 8A of SEBI (SAST) Regulations, 1997

Zee Entertainment Enterprises Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE

Date of Reporting : May 11, 2011
Name of the Company : Zee Entertainment Enterprises Ltd
Total no of outstanding shares of the Company : 978,076,130

Name of the Entity: Premier Finance & Trading Company Ltd

Details of Transaction
Date of Transaction : May 09, 2011
Number of Shares pledged created / revoked / invoked : 89,50,00 (Creation)

Aggregate details after the transaction
Total no of shares held by the entity in the company : 101,589,186
Total No of shares pledged : 36,638,496
% of total shares pledged to total no of shares held by the entity in the Company :36.07%
% of shares pledged to total no of outstanding shares of the Company : 3.75%


Name of the Entity: Veena Investments Pvt Ltd

Details of Transaction
Date of Transaction : May 09, 2011
Number of Shares pledged created / revoked / invoked : 89,50,00 (Revoked)

Aggregate details after the transaction
Total no of shares held by the entity in the company : 28,738,218
Total No of shares pledged : 14,168,050
% of total shares pledged to total no of shares held by the entity in the Company : 49.30%
% of shares pledged to total no of outstanding shares of the Company : 1.45%Read More

Usha Martin Education & Solutions Ltd: Financial Results for Mar 31, 2011

Usha Martin Education & Solutions Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More

Punjab Communications Ltd: Financial Results for Mar 31, 2011

Punjab Communications Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More

MIC Electronics Ltd: Disclosures under Reg. 8A of SEBI (SAST) Regulations, 1997

MIC Electronics Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE

Date of Reporting : May 11, 2011
Name of the Company : MIC Electronics Ltd
Total no of outstanding shares of the Company : 102498275

Name of the Entity: Venkata Ramana Rao Maganti

Details of Transaction
Date of Transaction : April 21, 2011
Number of Shares pledged : 40,00,000

Aggregate details after the transaction
Total no of shares held by the entity in the company: 2,31,29,591
Total No of shares pledged : 1,96,24,852
% of total shares pledged to total no of shares held by the entity in the Company: 84.85%
% of shares pledged to total no of outstanding shares of the Company : 19.15%Read More

Nagarjuna Agrichem Ltd: Outcome of Board Meeting

Nagarjuna Agrichem Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 11, 2011, inter alia, have approved the investment of Rs. 3.50 Crores by the company in the of form of equity in M/s USP Organics Private Limited, Andhra Pradesh, manufacturer of fine and specialty chemicals.

Omkar Overseas Ltd: Disclosures under Reg.13(4) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Champalal Agarwal has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

HDFC Mutual Fund - HDFC Debt Fund for Cancer Cure - Dividend Payout - 50% Dividend Donation Option: Declaration of NAV

HDFC Mutual Fund - HDFC Gold Exchange Traded Fund has informed BSE the NAV of the scheme and is placed at Corporate Announcement on BSE-India Website.Read More

Omkar Overseas Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Omkar Overseas Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Fw: Power Finance FPO





IIFL
IIFL
Issue by the Company 229,553,340 Equity Shares
Of which
Fresh Issue by the Company 172,165,005 Equity Shares
Offer for Sale by the Selling Shareholder 57,388,335 Equity Shares
Of which
Employee Reservation Portion Not more than 275,464 Equity Shares
Therefore Net Issue to the Public 229,277,876 Equity Shares
Of which
A) Qualified Institutional Buyers (QIB) portion Up to 114,638,937 Equity Shares
Of which
Available for allocation to Mutual Funds only 5,731,947 Equity Shares
Balance for all QIBs including Mutual Funds 108,906,990 Equity Shares
B) Non-Institutional Portion (available for allocation) Not less than 34,391,682 Equity Shares
C) Retail Portion (available for allocation) Not less than 80,247,257 Equity Shares
Pre and Post Offer Equity Shares
Equity Shares outstanding prior to the Offer 1,147,766,700 Equity Shares
Equity Shares outstanding after the Offer 1,319,931,705 Equity Shares
Use of Offer Proceeds The objects of the fresh issue  are
  1. Augment its capital base to ensure compliance with  requisite capital adequacy norms and to meet its future capital requirements arising out of growth in its business.
  2. General corporate purposes.
BID/OFFER PROGRAMME
Offer Opens 10th May 2011
Offer Closes (QIBs) 12th May 2011
Offer Closes (Retail and Non-Institutional Bidders) 13th May 2011
PRICE BAND Rs. 193 to Rs. 203
Market Lot 28 Equity Shares
Minimum Bid Quantity 28 Equity Shares
About Power Finance Corporation Limited:
The company is a leading financial institution in India focused on the power sector. The company was established as an integral part of, and continues to play a strategic role in, the GoI's initiatives for the development of the power sector in India. The company works closely with GoI instrumentalities, State governments and power sector utilities, other power sector intermediaries and private sector clients for the development and implementation of policies and structural and procedural reforms for the power sector in India. In addition, the company is involved in various GoI programs for the power sector, including acting as the nodal agency for the Ultra Mega Power Projects program and the Restructured Accelerated Power Development and Reform Programme (R-APDRP) and as a bid process coordinator for the ITP scheme.

The company provides a comprehensive range of financial products and related advisory and other services from project conceptualization to the post-commissioning stage for its clients in the power sector, including for generation (conventional and renewable), transmission and distribution projects as well as for related renovation and modernization projects. The company provides various fund based financial assistance, including project finance, shortterm loans, buyer's line of credit and debt refinancing schemes, as well as non-fund based assistance including default payment guarantees and letters of comfort. The company also provides various fee-based technical advisory and consultancy services for power sector projects.

The company is a listed government company and a public financial institution under the Companies Act. The company is registered with the RBI as a non-deposit taking systemically important NBFC ("NBFC") and was classified as an IFC in July 2010.

The company was also awarded the India Pride Award 2009 in the NBFC category for excellence among public sector undertakings, and the Dalal Street Investor Journal PSU Award 2010 for being the Heavy Weight Navratna PSU and the Fastest Growing Navratna PSU, in the non-manufacturing category.
Disclaimer:
This report is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Power Finance Corporation Limited ("The Company") and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This report has been prepared from the extracts of the RHP. Any person who subsequently acquires equity shares of Power Finance Corporation Limited must rely solely on the Offer Document issued in connection with the FPO, on the basis of which alone subscription for the equity shares may be made. In addition, investors should pay particular attention to the section of the Offer Document titled "Risk Factors".


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