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Daily Bulletin (25th September, 2019)

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Daily Bulletin (25th September, 2019)

1.Scrip code : 535789
Subject : Announcement under Regulation 30 (LODR)-Credit Rating
This is to inform you that the rating committee of the rating agency CARE has revised the long-term rating of Indiabulls Housing Finance Limited [IBH] from ‘CARE AAA’ to ‘CARE AA+’, Perpetual Debt Programme from ‘CARE AA+’ to ‘CARE AA’, and reaffirmed short-term rating at ‘CARE A1+’. The main reasons for the revision in rating are as below: Progress in process of merger with Lakshmi Vilas Bank and the potential transition challenges thereof Challenging funding environment for NBFCs and HFCs Moderation in asset quality.

2.Scrip code : 532374
Name : Sterlite Technologies Limited.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Sterlite Global Venture (Mauritius) Limited a wholly owned subsidiary of STL, has entered into definitive agreements to acquire a 100% stake in Impact Data Solutions Group. The Group, made up of Impact Data Solutions Limited, UK and its affiliate company, provides network infrastructure solutions to hyper-scale data centres and colocation providers. As part of the transaction STL has acquired 80% of the shares of the Group in the first tranche and the balance 20% will be acquired over the next few years on an earn out model. In this regard, please find enclosed herewith the disclosures required under Regulation 30, a Press Release and Investor Presentation. We request you to take the aforesaid on record.

3.Scrip code : 542597
Name : MSTC Limited
Subject : Shareholder Meeting / Postal Ballot-Outcome of AGM
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find enclosed herewith gist of proceedings of 54th Annual General Meeting as annexure A for your information and necessary action.

4.Scrip code : 534309
Name : NBCC (India) Limited
Subject : Shareholder Meeting / Postal Ballot-Scrutinizer”s Report
The 59th Annual General Meeting of the members of NBCC (India) Limited was held on Monday, September 23, 2019 at 10.30 a.m. at Air Force Auditorium, Subroto Park, New Delhi – 110010. The members were informed that the facility of e-voting for the members was made available from September 20, 2019 at 9:00 a.m. to September 22, 2019 at 5:00 p.m. Those who were present at the Annual General Meeting and had not casted their votes by remote e-voting were given the facility to cast their vote through ballot paper at the Meeting. Shri P C Jain (M/s PC Jain & Co.), Practicing Company Secretary, the scrutinizer has submitted its report on September 24, 2019 and informed that all the resolutions mentioned in the AGM notice have been passed with requisite majority. A copy of Scrutinizer’s Report is attached herewith for your information and record.

Excerpts from Gaurav’s Blog

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