News of Financial Services | Financial Institutes in Gujarat

Adani Green appoints joint bookrunners for investor meets in Asia, EU, US to offer 5yr secured bonds

AHMEDABAD | GANDHINAGAR | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered Indian diversified conglomerate’s group company Adani Green Energy Ltd said of having appointed joint bookrunners for arranging fixed income investors meetings in Asia, Europe and United states, directed for offering of secured 5 year bonds.

Zions Bancorporation Unifies Lending Operations with TCS BaNCS

NEW YORK | MUMBAI | AHMEDABAD | GANDHINAGAR | RAJKOT – In a press-release communication addressed to the Indian Stock Exchanges on Monday, India’s leading Information Technology company Tata Consultancy Services (TCS) Ltd said of Zions Bancorporation Unifies Lending Operations with TCS BaNCS, Deploying Tata Consultancy Services’ Centralized Banking Platform has Simplified the Bank’s IT Landscape,

HDFC Bank proposes 500 bln rupees fund raising via bonds for pvt placement

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to Indian Bourses on Monday, Indian Banking major HDFC Bank Ltd said of the Bank proposes to raise funds by issuing  Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds  (Financing of infrastructure and affordable housing)

Qatari Co Ahli Brokerage opts BaNCS Digital of Tata Consultancy Services’ to serve customers

QATAR | MUMBAI | RAJKOT – In a press-release statement submitted to the Indian Bourses, by Tata Consultancy Services Ltd the company claimed of Qatar headquartered Ahli Brokerage Selects TCS BaNCS Digital to offer on-The-Go Trading Services in Qatar. Tata Consultancy Services’ Digital Trading Solution will enable investors to track their portfolio and make intelligent

Prafull Anubhai steps down as Independent Director from Gruh Finance Board

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered housing finance major Gruh Finance Ltd said of second term of Prafull Anubhai as Independent Director was upto March 31, 2019 and that he has has stepped down as Independent Director from the close of 31st March 2019.

PNB sells 22 million shares held in PNB Housing for 18.52 bln rupees

NEW DELHI | MUMBAI | RAJKOT – In a regulatory update statement submitted to the Indian Stock Exchanges, PNB Housing Finance Ltd said of having been intimated by Punjab National Bank of having liquidated 22 million (~2,17,83,466) shares with each priced at 850/- rupees per share and in tranche of 1,08,91,733 shares each to General Atlantic

Kampani’s combined 1.69% stake of JM Financial changes hands to group holding cos

MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges on Friday, JM Financial Ltd said of combined 1.69% stake held by Nimesh Nagindas Kampani and Aruna Nimesh Kampani, comprising of a tranche of 11.1 million (~1,11,07,500) shares held by Nimesh Nagindas Kampani and 3 million (~30,00,000) shares held by Aruna

M&M Finance acquires addl 9.68% stake in Rural Housing Arm from NHB for 2.87 billion rupees

MUMBAI | RAJKOT – In a regulatory filing submitted to the Stock Exchanges on Wednesday, Mahindra & Mahindra Financial Services Ltd said of the Board of Directors at its Meeting held on Wednesday, i.e. on 27th March, 2019, has pursuant to the Offer made by National Housing Bank (NHB) vide their  Letter dated 11th March,

City Union Bank opens 7 new branches in Tamilnadu

KUMBAKONAM | MUMBAI | RAJKOT – In a regulatory update filing submitted to the Indian Bourses on Wednesday, the City Union Bank Ltd said of having opened 7 new branches in Tamilnadu. For more details, please click the link, given here : https://buff.ly/2Ot7tqi Follow DATELINE GUJARAT On :-Facebook, Google+, Linkedin, Twitter, YouTube SHARE THIS NEWS ON :-

Mannapuram Finance acquires 100% stake in MACOM

THRISSUR | MUMBAI | RAJKOT –  Thrissur (Kerala) headquartered Mannapuram Finance Ltd’s Board of Directors at their meeting dated 20.03.2019 accorded their approval for acquiring 100% equity shares of Manappuram Comptech & Consultants Ltd and to make it a wholly owned subsidiary company of the Company. The company said in a regulatory filing submitted to

IDFC FIRST Bank sells its entire stake held in ARCIL

CHENNAI | MUMBAI | RAJKOT – IDFC FIRST Bank Limited, has sold it’s entire stake of 27,197,743 Equity Shares of Rs. 10 each held in Asset Reconstruction Company (India) Limited [“Arcil”), comprising approximately 8.37% of the Share Capital of ARCIL, today pursuant to Share Purchase Agreement. For more details click the link given here : https://buff.ly/2Tlar0V Follow DATELINE

Vijaya Bank and Dena Bank amalgamate with Bank of Baroda

VADODARA (BARODA) | MUMBAI | RAJKOT – In a regulatory filing submitted by Dena Bank, Vijaya Bank and Bank of Baroda, to the Stock Exchanges in India on Tuesday, all three banks have said of having amalgamated vide the directive from Ministry of Finance, Government of India. The Bank has received a communication from Ministry

RBI certifies Reliance Cap as Core Investment Company

MUMBAI | RAJKOT – Reliance Capital Ltd said in regulatory filing submitted to the Exchanges in India on Friday of the company having received Reserve Bank of India Certification as Core Investment Company. The Company has received Certificate of Registration from the Reserve Bank of India as a Core Investment Company- Non-Deposit Taking Systemically Important

ICRA revises Credit ratings for Nandan Denim from Stable to Negative

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India on August 21, 2018 – Tuesday under the title of lntimation of Revision in Credit Ratings, Nandan Denim Ltd informed about the credit ratings as revised by the ICRA Ltd from stable outlook to negative outlook. ICRA has revised and

GVK announces financial closure for Navi Mumbai International Airport Project

HYDERABAD | MUMBAI | RAJKOT – GVK Power & Infra Ltd informed the exchanges in India regarding the company having received financial closure from YES Bank for Navi Mumbai International Airport Project. The company said in the filing submitted to the exchanges in India of GVK led Navi Mumbai International Airport Pvt Ltd (NMIAL) has

YES BANK receives SEBI approval to launch Mutual Fund business – YAMIL

MUMBAI | RAJKOT – YES BANK India’s Bank announced that it has received the final regulatory approval (Certificate of Registration) from the Securities & Exchange Board of India (SEBI) to commence its Mutual Fund business under the name of company YES Asset Management India Ltd (YAMIL), the company said in filing submitted to exchanges on