ALEMBIC PHARMA LTD
Alembic Pharmaceuticals announces its joint venture, Aleor Dermaceuticals Limited, received USFDA Tentative Approval for Diclofenac Sodium Topical Solution USP, 2% w/w.With reference to the captioned subject, this is to inform the exchange that the Company's joint venture, Aleor Dermaceuticals Limited, has received US Food and Drug Administration (USFDA) Tentative Approval for Diclofenac Sodium Topical Solution USP, 2% w/w.
BANK OF BARODA
Bank of Baroda - Raising of Funds - Intimation of Committee MeetingWe hereby advise that meeting of the Capital Raising Committee (CRC) of whole time Directors of the Bank is scheduled to be held on 05.12.2019 to consider raising of capital funds through issue of capital debt instruments
CADILA HEALTHCARE
Intimation under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Regulations”|Further to our earlier communication dated November 13, 2019, inter alia, intimating about amalgamation of Zydus Technologies Limited with the Company, we would like to inform that the Board of Directors at their meeting held today, have now approved the draft Scheme of Amalgamation for amalgamation of Zydus Technologies Limited ("ZTL”), Alidac Pharmaceuticals Limited ("APL"), Liva Pharmaceuticals Limited (”LPL") and Dialforhealth India Limited (”DHIL") with Cadila Healthcare Limited ("CHL").
ZTL, APL, LPL and DHIL are the wholly owned subsidiaries of the Company.
The amalgamation is subject to the necessary approvals / sanctions, from the National Company Law Tribunal, Bench at Ahmedabad or such other competent authority and shareholders and creditors of CHL, ZTL, APL, LPL and DHIL, if appiicable.
The details as required under regulation 30 ofthe SEBI Regulations read with SEBI Circular No. ClR/CFD/CMD/4/2015 dated September 9, 2015 in the prescribed format with regard to draft scheme of amalgamation are enclosed with this letter.
CITY UNION BANK
HERO MOTOCORP
HERO MOTOCORP SELLS 516,775 UNITS OF TWOWHEELERS IN NOVEMBER 2019
Hero MotoCorp, the world’s largest two-wheeler manufacturer, sold 516,775 units of
motorcycles and scooters in the month of November 2019.
Following record festive retail sales in October 2019 and lowest-ever inventory in
two-years, the November 2019 despatch numbers reflect Hero MotoCorp’s intent to
ensure a smooth transition to BS-VI norms.
In the month of November, Hero MotoCorp commenced retail sales of India’s first
BS-VI compliant motorcycle – the Splendor iSmart with FI, in keeping with its
concerted efforts of bringing innovative and technologically advanced products for
customers. The Splendor iSmart was launched in the market within just a few
months of receiving the BS-VI certificate from iCAT.
Hero MotoCorp has scaled up the production of its BS-VI vehicles, while
discontinuing the production of several BS-IV models in an effort to migrate
completely to the new emission era. The Company has stopped production of
more than 50 variants of its BS-IV range of products while rapidly increasing the
production of BS-VI vehicles.
In the beginning of the month, the Company unveiled the Xtreme 1.R Concept and
a Rally-Kit for the XPulse 200 at the EICMA in Milan. Soon after, the Company
launched the XPulse 200 in Colombia, where the motorcycle has received very
positive feedback from customers since launch.
During the month, Hero MotoSports Team Rally, the motorsport team of Hero
MotoCorp announced its Team for the Dakar Rally 2020. Participating with four
riders for the first time, the Team will be represented by – 2019 Pan Africa Rally
winner - Joaquim Rodrigues, Indian Ace rider - CS Santosh, Dakar Rookie of the Year
2018 - Oriol Mena and new addition, former World Rally Champion - Paulo
Goncalves.
Reiterating its commitment to road safety and good riding habits, Hero MotoCorp
inaugurated a state-of-the-art Children Traffic Training Park at Rachakonda,
Hyderabad, in association with the local Police. Including this new facility, Hero
MotoCorp now has nine traffic training parks across India, spreading road safety
awareness among all age groups, especially the riders of tomorrow.
IFCI
Disinvestment of IFCI's stake in NSE - Update
This is in continuation to our Letter No. IFCI/CS/2019-489 dated June
24, 2019 regarding disinvestment of IFCI's entire stake in National Stock
Exchange of India Ltd. (NSE) of 1,20,66,871 number of equity shares
comprising of 2.44% of the total equity shares of NSE.
In this regard, this is to inform that IFCI has now received bids for sale
of its entire stake in NSE. The sale will be subject to obtaining consent/ Noobjection of NSE and any other approval, required as per law.
L&T FINANCE HOLDINGS
Issue of up to 60,00,000 Cumulative Compulsorily Redeemable Non-Convertible
Preference Shares of Rs. 100 face value at par and aggregating up to Rs. 60,00,00,000
on a private placement basis ("Issue")
MAHINDRA & MAHINDRA FINANCIAL LTD
IFC to Anchor $200 Million Investment in Mahindra Finance to Boost MSME
Lending
IFC, part of the World Bank Group, has
anchored an investment round of $200 million in Mahindra & Mahindra Financial Services Ltd.
(Mahindra Finance) to create a dedicated pool of financing for micro, small and medium
enterprises (MSMEs) in low-income states. At least $100 million will be earmarked for womenowned MSMEs.
IFC has invested $75 million from its own account and is mobilizing another $125 million as
parallel loans. The $100 million dedicated to women will be supported by blended finance from
the IFC-Goldman Sachs’ Women Entrepreneurs Opportunity Facility.
Mahindra Finance has further committed $225 million to this pool
Non-Banking Financial Companies (NBFCs) are an important source of credit for India’s MSME
sector. The sector feeds crucial industrial value chains and employs 124 million people,
including semi-skilled and unskilled workers. MSMEs account for more than 80 percent of
industrial enterprises and over 45 percent of exports. The biggest constraint they face is access
to finance. An IFC study, conducted in 2018, estimates the total credit gap for MSMEs in India
to be $397.5 billion, around 15 percent of GDP. The financing gap for MSMEs is more acute in
low-income states. Targeted lending to women-owned MSMEs is even less prevalent.
“To expand financial services for MSMEs, IFC has been systematically supporting India’s NBFC
sector,” said Hemalata Mahalingam, Manager, Financial Institutions Group, South Asia,
IFC. “Although the financing needs of rural and women-owned enterprises are not radically
different, the level of financial exclusion is higher. The dedicated gender line and focus on
unreached segments will contribute to addressing these gaps and demonstrate the commercial
viability of investing in women and low-income groups.”
Mahindra Finance provides a host of financial solutions, including vehicle, tractor and
agricultural equipment financing, to rural and semi-urban customers. The company delivers
these through its physical network of over 1,300 branches as well as digitally, and through rural
distribution initiatives like loan melas across the country. It has fueled the entrepreneurial
aspirations of more than 6.4 million customers in over 370,000 villages in India and has assets
under management (AUM) of over USD 10 billion. This fresh funding will be used to further
enhance credit in rural and semi-urban geographies, with customized solutions for women
borrowers in low-income states
“Mahindra Finance has been powering inclusive growth in rural communities for over 25 years.
Our experience in these markets reveals that to achieve true financial inclusion, access to
formal credit for financially under-served segments is a necessity. Availability of credit for
income generation, especially to women and low-income households, will further accelerate
financial inclusion," said Ramesh Iyer, Vice Chairman & Managing Director, Mahindra
Finance
IFC was one of the early institutional investors in the NBFC space and has successfully
supported several asset financing NBFCs. In 2018, IFC invested an equivalent of $100 million in
Mahindra Finance to increase loans to farmers to buy tractors, commercial vehicles, and other
equipment for modern farming. IFC also invested an equivalent of $25 million in Mahindra Rural
Housing Finance Ltd (MRHFL) for housing loans to the rural poor. Both Mahindra Finance and
MRHFL are a part of the USD 20.7 billion Mahindra Group, whose relationship with IFC goes
back to 1963.
MUTHOOT CAPITAL SERVICE LTD
Muthoot Capital Services Limited completed transaction of ₹ 85.97 crores through
securitization of portfolio
This is to inform you that Muthoot Capital Services Limited completed a securitization
transaction of ₹ 85.97 crores on November 30, 2019. With this transaction, the Company has
so far raised total funds of ₹ 451.61 crores through securitization / direct assignment
transactions during the FY 2019 - 20
The entire pool is from the non - priority sector and has been taken after considering the
guidelines prescribed by the Reserve Bank of India in this regard.
NCC LTD
NCC has received one new order for Rs.243 crore (exclusive of GST) in the month
of November,2O!9. This order pertains to Roads Division and is received from a
State Government agency and does not include any internal order.
OM METAL INFRA
OM METALS INFRA PROJECTS LIMITED ,a leading conglomerate having diverse business, has got a letter
of acceptance from Amravati Project Construction Division No. 1 for work related to Engineers,
procurement and construction of civil, mechanical, and electrical works for pressurized pipe distribution
network of lower pedhi project including survey, planning and design of system , HSCADA, formations
and capacity building of WUAs and operation and maintenance for S years after completion. The value
of the work order Is Rs. 240,07,45,517 /- (two hundred forty crore seven lakh forty five thousand five
hundred seventeen).
PIRAMAL ENTERPRISE LTD
This is further to our letter dated 5th November, 2019 informing you that the National
Company Law Tribunal, Mumbai Bench ('NCL T'), has vide its Order dated 4th November,
2019 approved the Scheme of Amalgamation of Piramal Phytocare Limited with Piramal
Enterprises Limited and their respective shareholders.
We wish to inform you that Piramal Enterprises Limited and Piramal Phytocare Limited have
today i.e. on 2nd December, 2019, filed e-form No. INC - 28 with the Registrar of Companies,
Mumbai along with the Certified True Copy of the Order. Pursuant to the said filings, the
Scheme has become effective from 2nd December, 2019 with the appointed date of l st April,
2018.
PIONEER DISTILLERS
The Board of Directors ("Board") of Pioneer Distilleries Limited (the "Company") at its
meeting held today considered and approved a scheme of amalgamation and arrangement (the
"Scheme") in relation to the proposed merger of the Company with its parent company United
Spirits Limited ("VSL") under Sections 230 - 232 and other applicable provisions of the
Companies Act, 2013 and the rules thereof. Further the Board has authorised the Company to
file the Scheme along with the relevant disclosures, documents, certifications and undertakings
with the stock exchanges.
The Scheme is subject to the receipt of requisite approvals from the relevant statutory
authorities including Securities Exchange and Board of India, National Stock Exchange of
India Limited, BSE Limited, the National Company Law Tribunal, and the respective
shareholders and creditors of the Company and USL.
10 equity shares of Rs. 2 each of the Company, to be issued
amount or otherwise share for every 47 equity shares of Rs. 10 each held by
exchange ratio shareholders of POL, in the ratio of 1: 4.7 to the shareholders
of POL, as on the record date fixed for this purpose. The
shareholding of the Company in POL shall be cancelled
upon the Scheme coming into force.
PRECISION CAMSHATFS
The Company has received disclosure dated 29th November, 2019 under Regulation 29(1) of SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from M/S CAMS Technology
Limited,company belonging to the Promoter Group, in respect of purchase of equity sharesfrom open
market on 27thNovember, 2019.
SHOPPERS STOP
Company has closed its HomeStop store located at Vashi, Navi Mumbai due to lower
than expected business and its low profitability
The sales from this store for the last financial year 2018-19 was Rs.8.9 Crores
constituting 0.2% of the turnover of the Company as on March 31,2019.
With the closure of this store, the Company has now 11 "HomeStop" stores under
its operations