IDFC, DCB Bank, HDIL in Focus Today
- IDFC: The private equity division of IDFC, IDFC Alternative has reportedly sold a special economic zone (SEZ) in Pune and an IT park in Noida for a combined enterprise value of Rs 1,100 crore to private equity firm Blackstone Group LP.
- DCB Bank: The bank has opened a qualified institutional placement (QIP) of equity shares upto Rs 275 crore on Monday. Price of the issue has been fixed at Rs 82 per share.
- HDIL: Promoters of HDIL have revoked all their shares pledged with IL&FS Trust Company. Now all the shares in the promoter's category is non-pledged.
- ABB India has own a Rs 172 crore order from Power Grid Company of Bangladesh for supply of four 132/33kv turnkey substations. Under this contract ABB will also help the company to expand its six other substations.
- Tata Motors: Mayank Pareek, who was the former chief operating officer of Maruti Suzuki, will join Tata Motors on October 1. Mr Pareek will replace Ranjit Yadav to become to become its president of passenger vehicle business unit. Ranjit Yadav will now head international business.
- Bhushan Steel: Neeraj Singal, vice-chairman and managing director of the company, who was arrested in August for allegedly offering bribes to a bank to raise the company's borrowing limit, has been released on bail on Monday.
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