Shares of Cadila Healthcare will remain in focus on Thursday, as the company received nod from its shareholders to raise up to ₹10,000 crore through issue of equity shares, the company said in a notice to the stock exchanges on Wednesday. Shareholders have also given nod to raise ₹3,500 crore through issue of NCDs on private placement basis. It also received nod to raise the borrowing limit to ₹10,000 crore from ₹1,500 crore.
Zee Entertainment, results on Thursday
Thursday will witness a host of high-profile companies, including Bajaj Auto, Zee Entertainment, CESC, ICRA, Voltas, MMTC, Shipping Corporation, Essar Shipping, Alcargo Logistics, Britannia Industries, Rane (Madras), SPIC, RCF, Gujarat Narmada Valley, Indiabulls Real Estate, Asahi India Glass, Bajaj Holdings, Shakti Pumps and Shree Renuka Sugars declaring their results for the quarter and year ended March 31, 2015.
Cheslind Textiles shares to bid adieu
Thursday will be the last day of trading for Cheslind Textiles’ shares, as the company is merging with RSWM. Shareholders of Cheslind Textiles will receive one fully paid optionally convertible redeemable preference share of ₹7.50 each at par of RSWM for every one fully paid-up equity share of ₹10 each held in the company. As of March end, as many as 11,184 individual shareholders held 13.63 per cent stake in Cheslind Textiles.