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Board of Allahabad Bank approves capital raising fund
May 18,2017

Allahabad Bank announced that the Board of Directors of the Bank on 17 May 2017 has approved the capital raising plan of bank as under -

Raising of equity capital of Bank aggregating up to Rs 2000 crore (including premium) through various modes.

Raising of Additional Tier I capital of Bank aggregating up to Rs 2000 crore and Tier 2 capital of Bank aggregating up to Rs 1000 crore during FY 2017-18.

The Board of Directors of the Bank has not recommended any dividend for financial year 2016-17.

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Edelweiss Financial Services to pay dividend
May 18,2017

Edelweiss Financial Services announced that dividend, if declared at the AGM, will be credited / dispatched between 04 August 2017 to 11 August 2017.

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ADB Issues Green Rupee-Linked Bond to Support Renewable Energy in India
May 18,2017

The Asian Development Bank (ADB) has raised 3 billion Indian Rupees (INR), about $47 million, from a new issue of offshore Indian Rupee-linked bonds to help finance climate change mitigation and adaptation projects in India.

n++Todays fundraising represents ADBs maiden Indian Rupee green bond and shows the institutions long term commitment to financial market development in India,n++ said ADB Treasurer Pierre Van Peteghem. n++In todays markets, green bonds are an increasingly important source of financing for climate change projects and given ADBs strong engagement in the capital markets of developing Asia, it is a natural next step for ADB to issue green bonds in local currency.n++

The bond issue carries a 6.00% interest rate with a 3.75-year maturity, falling due in February 2021.

The bonds, which are denominated in Indian rupees but settled in US dollars, were underwritten by JP Morgan and TD Securities as Joint Lead Managers. The bonds were placed 9% in Asia, 70% in Europe, and 21% in the Americas. By investor type, 48% of the bonds were placed with banks, and 52% with fund managers.

Proceeds from the bonds will be mobilized into ADBs first cofinancing with the JICA LEAP Fund for the ReNew Clean Energy Project, a wind and solar power project across six states in India. India is ADBs fourth largest shareholder and its largest borrower, excluding cofinancing. In 2016, ADB approved $2.26 billion in sovereign loans and $795 million in private sector projects in India, its largest market.

ADB is a regular borrower in the mainstream international bond markets but has also led issuance in developing Asian countries as part of efforts to promote domestic bond markets as an alternative to bank lending. ADB plans to raise up to $30 billion from the capital markets in 2017.

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Andhra Cements to hold board meeting
May 18,2017

Andhra Cements will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider Audited Financial Results for the year ended 31st March 2017.

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Bartronics India to hold board meeting
May 18,2017

Bartronics India will hold a meeting of the Board of Directors of the Company on 24 May 2017, to consider and approve the audited financial results for the quarter and year ended as on 31st March, 2017.

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Jayaswal Neco Industries to hold board meeting
May 18,2017

Jayaswal Neco Industries will hold a meeting of the Board of Directors of the Company on 29 May 2017, inter-alia to consider and approve, the Audited Financial Results of the Company for the year ended 31st March, 2017 .

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Hindustan Wires to hold board meeting
May 18,2017

Hindustan Wires will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider, and if deem fit to approve the Audited Financial results for the quarter & year ended March 31, 2017.

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Monotype India to hold board meeting
May 18,2017

Monotype India will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve the Audited Financial Results for the Quarter and year ended March 31, 2017, to consider resignation of Sudarsana Mitra as a director of the Company, and to consider all other businesses that form part of the agenda paper.

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Suryo Foods & Industries to hold board meeting
May 18,2017

Suryo Foods & Industries will hold a meeting of the Board of Directors of the Company on 29 May 2017,to consider and approve the Audited Financial results of the company for the year ended 31st March,2017 and other agenda items.

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Omega Interactive Technologies to hold board meeting
May 18,2017

Omega Interactive Technologies will hold a meeting of the Board of Directors of the Company on 29 May 2017, to approve and take on record the Audited Financial Results of the Company for the Quarter and year ended 31st March, 2017, along with the Audit Reports of the Statutory Auditors thereon, and appointment of Statutory Auditor in the place of retiring Auditor.

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SdF Industries to hold board meeting
May 18,2017

SdF Industries will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and take on record the Audited Financial Results of the Company for the quarter / year ended March 31, 2017 .

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MPIL Corporation to hold board meeting
May 18,2017

MPIL Corporation will hold a meeting of the Board of Directors of the Company on 25 May 2017, to consider and approve the Audited Financial Results for the quarter and year ended 31st March, 2017.

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Genomic Valley Biotech to hold board meeting
May 18,2017

Genomic Valley Biotech will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve the Audited Financial Results for the quarter and year ended 31st March, 2017.

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Vani Commercials to hold board meeting
May 18,2017

Vani Commercials will hold a meeting of the Board of Directors of the Company on 24 May 2017, to consider and take on record the Audited Financial Results of the Company for the Quarter and year ended 31st March, 2017.

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Yogi Infra Projects to hold board meeting
May 18,2017

Yogi Infra Projects will hold a meeting of the Board of Directors of the Company on 29 May 2017, for approval of Annual Audited Financial Results of the Company for the quarter and financial year ended March 31, 2017.

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