Corporate News – 27 Dec 2016

corporate-news

Tata Motors signs up Akshay Kumar as brand ambassador for CVs

Tata Motors today roped in Bollywood star Akshay Kumar as brand ambassador for its commercial vehicle (CV) business unit.

‘Indian cinema’s ‘original Khiladi’ will make his blockbuster entry in this new role at the launch of Tata Motors’ latest offering in commercial vehicles, slated in January 2017,’

Tata Motors’ association with Kumar for commercial vehicles will be supported by a multi-media campaign, beginning in the first week of January 2017

Capital First gains as board to consider issue of NCDs

Shares of Capital First rose nearly 3%, touching to Rs528.2, after company said that its board meeting is scheduled on December 29, 2016, to consider issue of non-convertible debentures (NCDs).

Capital First said that the meeting of the debenture committee of the board of directors of the company will be held on December 29, 2016, to consider the private placement of rated, listed, secured/unsecured/perpetual, redeemable, non-convertible securities in the nature of debentures.

Future Ent rises after selling stake in Future Lifestyle

Future Enterprises surged nearly 5%, touching to Rs16.85, after company sold its entire stake in Future Lifestyle Fashions to another promoter entity via bulk deal mechanism on the NSE yesterday, (December 26, 2016).

Future Enterprises sold 3.05 crore shares of Future Lifestyle Fashions to Future Corporate Resources at Rs123 per share in a bulk deal on the NSE yesterday, (December 26, 2016).

With this transaction, Future Enterprises sold off its entire stake of 16.09% in Future Lifestyle Fashions (holding as on September 30, 2016). Future Corporate Resources held 17.04% stake in Future Lifestyle Fashions as on September 30, 2016.

NBCC board to consider Bonus Issue

NBCC (India) Ltd has announced that the meeting of the Board of Directors of the Company will be held on January 04, 2017, to consider the issue of Bonus shares.

Further, the Trading Window for dealing in securities of the Company will remain closed for Directors, Employees their dependents family members and Connected Persons having access to the Price Sensitive Information from December 28, 2016 to January 06, 2017 (Both days inclusive).

Glenmark gets USFDA nod for tretinoin oral capsules

Glenmark Pharmaceuticals gets USFDA nod for Tretinoin Oral capsules Tretinoin is a retinoid used for treating acne & leukemia.

 

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