Tag Archive for limited

Credit Access Grameen Limited reacts to RBI Policy

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By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

RBI Policy reaction quote by Mr. Udaya Kumar Hebbar, MD and CEO, Credit Access Grameen Limited f

” After enhancing the exposure cap from 10% to 15% in October 2018, by allowing exposure of banks to NBFCs based on risk-weighted as per the rating assigned by accredited rating agencies, RBI has given another helping hand for well rated NBFCs. This policy change could potentially encourage the banks to increase their lending to NBFCs. Further, the reduction of cost of funds by 25bps and expected boost in consumption on account of projected low inflation could bring stability to the NBFCs Sector, particularly those who are in rural mass market”

Chalet Hotels Limited Listing Ceremony held today at NSE

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By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

(L-R): The management of Chalet Hotels Limited, Mr. Sanjay Sethi (Managing Director and CEO), Mr. Hetal Gandhi (Chairman and Independent Director) and Mr. Vikram Limaye (CEO and MD, NSE) with other dignitaries present for the bell ringing ceremony at the listing of Chalet Hotels Limited held today at NSE.

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Galaxy Surfactants Limited, Nine Months FY19 Consolidated Performance

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By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Galaxy Surfactants Limited, a leading manufacturer of performance surfactants and specialty care products with over 200 product grades used in Home and Personal Care industry, has announced its unaudited financial results for the Quarter and Nine month ended December 31, 2018.

 

Commenting on the performance Mr. U. Shekhar, Managing Director, Galaxy Surfactants Limited said

“We have witnessed a total volume growth of 7.4% in 9MFY19. Both Indian and ROW markets have displayed strong performance, however, owing to a slowdown in Egypt, AMET performance remains subdued.

We are witnessing strong traction in the specialty care segment especially in the developed markets and expect this strong momentum to continue going ahead. The underlying market in India is exhibiting buoyancy and we expect the momentum to continue in the coming quarters. ROW and India market will be the key drivers for growth for us in FY19. As far as AMET is concerned, we continue to enhance our geographical reach through customer acquisition and expect the demand scenario to improve for the AMET markets going ahead.

We were recently awarded the Best Process Innovation Award at ICIS Innovation Awards 2018, which is a testimony of our R&D strength.

On the back of our strong customer relationship, enhanced product offerings, in house manufacturing capabilities and strong R&D, the long term picture of sustainable growth remains intact.”

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Chalet Hotels Limited allots Rs. 492 cr to 27 Anchor Investors

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By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Chalet Hotels Limited (the “Company”), an owner, developer and asset manager of high-end hotels in key metro cities in India, allotted 1,75,84,071 equity shares at Rs. 280 per equity share (upper end of the Price Band) aggregating to Rs. 492.35 crore as part of the anchor investor allotment prior to opening of the IPO.

Anchor investors include: SBI SMALL CAP FUND – 17,85,729 equity shares; FIDELITY FUNDS – INDIA FOCUS FUND – 14,28,615 equity shares; GOLDMAN SACHS INDIA LIMITED – 14,28,615 equity shares;  HDFC SMALL CAP FUND – 12,14,336 equity shares; HDFC STANDARD LIFE INSURANCE COMPANY LIMITED – 12,14,336 equity shares; DB INTERNATIONAL (ASIA) LTD – 11,90,439 equity shares; BLACKROCK INDIA EQUITIES (MAURITIUS) LIMITED – 8,58,388 equity shares; EASTSPRING INVESTMENTS INDIA INFRASTRUCTURE EQUITY OPEN LIMITED – 7,14,334 equity shares; KUWAIT INVESTMENT AUTHORITY FUND 225 – 7,14,281 equity shares; LANSFORSAKRINGAR ASIENFOND – 2,16,505 equity shares; LGT SELECT FUNDS – LGT SELECT EQUITY EMERGING MARKETS – 3,98,459 equity shares; MACQUARIE UNIT TRUST SERIES- MACQUARIE ASIA NEW STARS FUND – 2,91,761 equity shares; MINE SUPERANNUATION FUND – 2,13,273 equity shares; THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE OF BLACKROCK INDIA EQUITY FUND – 2,19,102 equity shares; TOKIO MARINE LIFE INSURANCE SINGAPORE LTD. – PAR BLACKROCK – 2,89,380 equity shares; TT ASIA – PACIFIC EQUITY FUND – 3,40,725 equity shares; UNISUPER LIMITED AS TRUSTEE FOR UNISUPER – 5,59,521 equity shares; ICICI PRUDENTIAL MIDCAP FUND -                    5,35,671 equity shares; ICICI PRUDENTIAL TOP 100 FUND – 6,78,665 equity shares; RELIANCE CAPITAL TRUSTEE CO LTD.A/C RELIANCE LARGE CAP FUND -                     7,14,334 equity shares; RELIANCE CAPITAL TRUSTEE CO LTD.A/C RELIANCE MULTI CAP FUND – 7,14,281 equity shares; SBI CONSUMPTION OPPORTUNITIES FUND- 3,57,167 equity shares; UTI – CORE EQUITY FUND – 1,38,436 equity shares; UTI – INDIA LIFESTYLE FUND – 1,07,060 equity shares; UTI-MID CAP FUND – 4,98,200 equity shares; UTI- VALUE OPPORTUNITIES FUND – 4,70,640 equity shares; BNP PARIBAS ARBITRAGE -                     2,91,818 equity shares.

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Shriram Properties Limited files DRHP with SEBI

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shriram Properties Limited (SPL), one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories, filed its Draft Red Herring Prospectus (DRHP) with SEBI.

The Initial Public Offering (IPO) comprises of Shriram Properties Limited (“Company” or “Issuer”) comprising of a fresh issue aggregating up to Rs. 2,500 million (the “Fresh Issue”) and an offer for sale of up to 42,403,271 equity shares comprising of up to 11,243,964 equity shares by Omega TC Sabre Holdings Pte. Limited; up to 1,031,557 equity shares by Tata Capital Financial Services Limited; up to 11,398,698 equity shares by TPG Asia SF V Pte. Ltd.; up to 16,502,880 equity shares by WSI/WSQI V (XXXII) Mauritius Investors Limited (collectively, the “Investor Selling Shareholders”) and up to 2,226,172 equity shares by certain other selling shareholders. The offer includes a reservation for subscription by eligible employees i.e. the employee reservation portion.

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DIL Limited subsidiary, Fermenta Biotech Limited wins accolades at UBM India Pharma Awards 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

DIL Ltd. (BSE: DIL: 506414) today announced that its subsidiary, Fermenta Biotech Ltd. (FBL) was recognized for excellence at the UBM India Pharma Awards 2018. FBL won three awards including Awards for Excellence in Export Promotion, Pharma International Excellence and Excellence in Corporate Social Responsibility. The prestigious awards were conferred on FBL at a grand event in Delhi attended by pharma industry leaders and visionaries from across the world.

Mr. Prashant Nagre, CEO, Fermenta Biotech Ltd. said, “These awards are testament to our efforts to remain ahead of the curve in a competitive global environment. We are happy to be recognized for our excellence amongst our peers. The award for our CSR efforts is a result of our belief that we should always give back to the community we are present in, and we are happy that our small contribution has been recognized.”

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ColdEX Limited files Main Board Offer Document with SEBI

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Delhi based, integrated food supply chain ColdEX Limited (“ColdEX” or “the Company”) proposes a public issue of equity shares through 100% book building process and has filed Draft Red Herring Prospectus (DRHP) with SEBI.

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ColdEX Limited files DRHP with SEBI

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By  Vivek K.  Mobile: 09920183006  Email:indianshowbusiness@gmail.com

ColdEX Limited (CEL), India’s largest organized integrated food supply chain and distribution company [Source: CARE Report.], filed its DRHP with SEBI.

 

CEL’s integrated offerings, surface logistics and warehousing infrastructure, pan-India distribution network, and modern technology systems support their competitive market position. The company caters to a wide range of industry sectors and business segments ncluding food service market, FMCG, confectionary, dairy, retail, etc.

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Neogen Chemicals Limited files DRHP with SEBI for IPO

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Neogen Chemicals Limited (NCL), one of India’s leading manufacturers of bromine-based, and lithium-based, specialty chemicals. Specialty chemicals are those chemicals that impart different properties to a variety of products (i.e. the effect that specialty chemicals have varies based on the product), filed its DRHP with SEBI.

NCL is engaged in the manufacturing of specialty organic bromine-based chemical compounds (Bromine Compounds) and other specialty organic chemical compounds as well as specialty inorganic lithium-based chemicals compounds (Lithium Compounds and together with the Bromine Compounds the Products). NCL commenced business operations in 1991, at Mahape, Navi Mumbai manufacturing with a few Bromine Compounds and Lithium Compounds. Over the years they expanded their range of products and, presently, manufacture an extensive range of specialty chemicals which find application across various industries in India and globally. As on September 30, 2018, NCL have manufactured an aggregate of 187 products comprising 170 organic chemicals and 17 inorganic chemicals.

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Polycab India Limited files DRHP with SEBI for an IPO

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Polycab India Limited (PIL), who are engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods (“FMEG”) under the “POLYCAB” brand, filed its DRHP with SEBI for an initial public offering (IPO).

 

According to CRISIL Research, PIL is the largest manufacturer in the wires and cables industry in India, in terms of revenue from the wires and cables segment and provide one of the most extensive range of wires and cables in India. For Fiscal 2018, PIL have a market share of approximately 18% of the organized wires and cables industry and approximately 12% of the total wires and cables industry in India, estimated at Rs. 525 billion based on manufacturers realization

(Source: CRISIL Research). Apart from wires and cables, PIL also manufactures and sells FMEG such as electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.

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