Anil Ambani-led Reliance Infrastructure may have to look for other ways to raise funds as it is likely that the deal between the company and Brookfield may not go through on valuation concerns, say sources.
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The external commercial borrowing (ECB) facility has been raised for a tenor of six years, and will be utilised for funding of infrastructure projects, the company said in a statement.
ILandFS Investment Managers has reported a consolidated total income from operations of Rs 26.14 crore and a net profit of Rs 3.38 crore for the quarter ended Jun '16
The company has around Rs 900 crore to Rs 1000 crore of debt in its books, he says, and efforts are being made to efficiently execute orders to reduce them. The implementable order according to Ramachandran is Rs 7,400 crore.
Some of the stocks that should be on your radar are: Havells India, MphasiS, Equitas Holdings, Rallis India, ILandFS Investment Managers, Sanofi India, UFO Moviez India.
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On June 6, 2016 Uno Metals Ltd sold 17,88,793 shares of IL&FS Investment Managers.
On June 2, 2016 AKG Finvest Ltd sold 17,26,588 shares of ILandFS Investment Managers.
Total income for the half year ended March rose to Rs 1,053.29 crore as against Rs 650.68 crore in the corresponding period of 2014-15, it said in a regulatory filing.
Prakash Gaba of prakashgaba.com is of the view that one may short Larsen & Toubro and feels that Reliance Industries may test Rs 967.
Manas Jaiswal of manasjaiswal.com is of the view that one can buy ILandFS Investment Managers with a target of Rs 20 and Piramal Enterprises with a target of Rs 1210.
IL&FS representatives met Telangana Municipal Administration Minister K T Rama Rao and held talks with him, a state government release said.
"ORIX Corporation... has expanded its presence in the renewable energy sector, through a joint venture with IL&FS for the Wind Energy business in India," IL&FS said.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Maruti, Eicher Motors, ONGC, Oil India, IL&FS, IDBI Bank.
It further said: "The Director General, Ethiopian Roads Authority has awarded the aforesaid projects for development by the Joint Venture for a period of 8 years. The project is funded by the World Bank and the estimated total contract value is USD 223.0 million (approx Rs 1,524.76 crore)."
ILandFS Investment Managers has reported a consolidated total income from operations of Rs 48.69 crore and a net profit of Rs 14.42 crore for the quarter ended Dec '15
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This is the fourth metro project IL&FS have taken up after two in Gurgaon, and one each in Bangalore and Kolkata.
The project involves engineering, procurement and construction (EPC) with a completion period of 36 months, the statement said.
The company's net profit stood at Rs 279.26 crore in the corresponding period last fiscal, IL&FS said in a BSE filing.