Shares In News: ICICI Bank in focus after raising $700 million

ICICI Bank before Market sector hours today, 15 March 2016 said that the bank through its DIFC (Dubai) branch, priced an issuance of ten year fixed rate notes of a total key measure of $700 million. The notes were sold under the tenet 144A/RegS design. The notes convey a coupon of 4 percent and were offered at an issue cost of 99.592.

Zee Entertainment Enterprises (Zee) after market hours yesterday, 14 March 2016 released that its board of directors at a meeting hung on 14 March 2016, endorsed on a basic level a procurement of 100 Per cent Stock stake in Fly By Wire International (FBW), Bangalore. FBW gives aircraft contract administrations under a NSOP permit got from Director General of Civil Aviation (DGCA) and at present possesses/works one Bombardier Challenger 605 air ship. FBW timed turnover of Rs 1.33 crore in the monetary year finished 31 March 2015.

The obtaining should be an all-money contact. Notwithstanding the thought of Rs 2.75 crore payable for the whole stake in FBW, FBW which has the airplane as the main asset in its books, additionally has a remarkable bank loan of Rs 58.50 crore benefited prior by FBW for financing the flyi aircraft said. Zee at first proposes to gain 49 Percent share stake in FBW and the balance 51 Percent stock stake should be procured inside of five days of receipt of endorsement from Ministry of Civil Aviation. The procedure is relied upon to be finished by mid-July 2016, Zee said.

Coal India (CIL) would be viewed. As on 13 March 2016, CIL and its subsidiaries surpassed 1/2 billion ton of coal production. Till 13 March 2016, CIL and its subsidiaries produced 501.34 million ton of coal with a positive development of 9.1 Percent contrasted with the same period a year ago. CIL and subsidiaries likewise accomplished an off-take of 504.09 million ton with a positive development of 9.4 Percent contrasted with same period a year ago as on 13 March 2016. The declaration was made after trading hours yesterday, 14 March 2016.

Indian Hume Pipe Company said it has gotten letter of acknowledgment for executing exhaustive water supply service upgrades in Anantapuramu Municipal Corporation (Package - I) under Andhra Pradesh Municipal Development Project (ADMDP) at the agreement cost of Rs 147.36 crore from Anantapuramu Municipal Corporation, Andhra Pradesh. The declaration was made subsequent to trading hours yesterday, 14 March 2016.

Dharani Sugars and Chemicals after trading hours yesterday, 14 March 2016 said that its board of directors would meet on 26 March 2016 to consider distribution of equity stocks to promoter gathering substance Dharani Developers on a particular premise. Dharani Developers held 9.44 Per cent stake in Dharani Sugars and Chemicals according to the shareholding trend as on 31 December 2015.

Greenply Industries said that its board of directors has endorsed consolidation of a privately owned business in Singapore as an entirely claimed backup organization of Greenply Industries, to oblige trade markets of MDF and overlaid flooring products.

Satra Properties India said that its board of directors would meet on 1 April 2016 to consider the expansion of date of recovery of 18 Percent secured redeemable non-convertible debentures (unlisted) issued on private arrangement premise alongwith modification in different terms and conditions. The declaration was made after trading hours yesterday, 14 March 2016.