Company News

| Updated on January 24, 2018 Published on June 23, 2015

The board of directors of Lupin has approved raising funds to the order of ₹7,500 crore through issue of securities. The company may consider raising funds through issue of equity shares, GDRs, ADRs, convertible bonds, equity-linked instruments, etc. as may be appropriate, it said. The company will seek shareholder approval for the move at the Annual General Meeting scheduled for July 23. Shares of Lupin closed at ₹1,772.65, down 2.1 per cent on the BSE.

The board of Haldyn Glass on Tuesday approved a proposal to set up a joint venture with Heinz Glas International GMBH, Germany, for manufacturing perfume and cosmetic glass bottles for the export and local markets. Heinz Glas brings more than 350 years of experience in the manufacture of high-quality cosmetic and perfume glass bottles. It has presence at 16 locations in 12 countries across the world, the company said in a statement to the exchanges. Shares of Haldyn Glass edged up 3.2 per cent at ₹27.5 on the BSE.

Artson Engineering has informed the exchanges that it has received an order for supply of fabricated steel structures for a mining project in Odisha. The order value is approximately ₹39.90 crore. Besides, an amendment to the existing order for similar fabricated structures for another project in Chhattisgarh increased the order value by about ₹15.35 crore, the company said. The company also bagged small-value multiple orders for supply of process equipment/skids aggregating to ₹1 crore. Shares of Artson Engineering jumped 9.1 per cent at ₹33.15 on the BSE.

Trident has informed the exchanges that CRISIL, in a financial results update, has assigned fundamental grade ‘3/5’ to the company. The grade indicates that the company’s fundamentals are “good” relative to other listed equity securities in India. CRISIL Equity has assigned a valuation grade of ‘5/5’ indicating that the market price has ‘strong upside’ from the current levels. Shares of Trident closed at ₹25.75, up 5.3 per cent on the BSE.

Published on June 23, 2015
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