Comments
Shoppers Stop has shut down its home furnishings store HomeStop in Malviya Nagar, Jaipur, due to lower-than-expected business, the company said in an exchange filing. During 2015-16 (April-March), the Malviya Nagar store clocked sales of ₹7.38 crore or 0.2 per cent turnover of the company. The total number of HomeStop stores across the country now stands at 18. Shares of Shoppers Stop were up 3.6 per cent at ₹372.50 on the NSE.
The board of directors of Bal Pharma on Wednesday approved the allotment of 13 lakh equity shares of ₹10 each with a premium of ₹52 a share to warrant holders. These warrants, allotted on preferential basis, were converted into equity as the holders exercised the conversion option. With this allotment, the paid-up equity share capital has enhanced to ₹14.17 crore. The stock of Bal Pharma gained 1.57 per cent at ₹103.7.
Shriram Transport Finance Company Ltd has informed the exchange that the banking and finance committee of the company on Wednesday allotted 6,950 secured redeemable non-convertible debentures of face value of ₹10 each on private placement basis. Through the issue, the company has raised ₹695 crore. The NCDs have two options — five years and 10 years and carry an annual coupon rate of 9.15 per cent and 9.22 per cent, respectively. On Wednesday, the stock of Shriram Transport Finance closed at ₹988.9, up 2.36 per cent, on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.