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Ambuja Cements Q4CY2020 result

On a consolidated basis, the company has reported revenue of Rs.7453 crores during the period ended December 31, 2020 as compared to Rs.7126 crores during the period ended December 31, 2019. OPM during the same period rose 200 bps to 18%. The company has posted net profit of Rs.732 crores for the period ended December 31, 2020 as against net profit of Rs.592 crores for the period ended December 31, 2019.

ACC Q4CY2020 result

On a consolidated basis, the company has reported revenue of Rs.4145 crores during the period ended December 31, 2020 as compared to Rs.4060 crores during the period ended December 31, 2019. OPM during the same period rose 100 bps to 14%. The company has posted net profit of Rs.472 crores for the period ended December 31, 2020 as against net profit of Rs.273 crores for the period ended December 31, 2019.

NMDC'S Donimalai Iron Ore Mine Operations Restarted

After obtaining the Lease extension of Donimalai Iron Ore Mine (ML-2396) for 20 years w.e.f. 03.11.2018 from Govt. of Karnataka (GoK) and completing the associated statutory requirements, the said Donimalai Iron Ore Mine was restarted yesterday.

Poly Medicure Limited prices QIP at Rs. 524 per share

The QIP Committee of board of directors of Poly Medicure has approved closure of the QIP yesterday. The committee approved the issue price for 76,33,587 Equity Shares to be allotted to eligible qualified institutional buyers at a price of Rs. 524 per Equity Share, including a premium of Rs. 519 per Equity Share, which is at a discount of Rs. 26.79 (4.86% to the floor price of Rs. 550.79 per Equity Share).

IndusInd Bank raises Rs. 2021 crores common equity via conversion of warrants issued to the

Promoters IndusInd Bank raised Rs 2021 crores of common equity capital through conversion of preferential warrants issued to the Promoter entities - IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL). The warrants were issued as an integral part of the merger with Bharat Financial Inclusion Limited in July 2019. The Promoter entities had paid Rs 673 crores at the time of subscription to the warrants and the balance amount of Rs 2021 crores was paid yesterday.

The finance committee of the Bank today approved allotment of 1,57,70,985 shares to the Promoter entities. The warrants are converted at a price of Rs 1,709 per share reflecting a premium of 65% over the closing price on February 17, 2021. The Bank's already healthy capital adequacy ratios get further bolstered with this infusion from the Promoter entities.

The Capital Adequacy Ratio including 9MFY21 profits was at 16.93% as of December 31, 2020 and this will get augmented to approximately 17.68% with this capital inflow. Earlier in September 2020, the Bank completed preferential issues of equity capital of Rs 3,288 crores and this was subscribed by the Promoter as well. Together with the current warrants conversion, the Bank has raised Rs 5,309 crores of equity capital during the financial year 2020-21

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