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Follow on Google News |  Equity Report 11 May 2015 Ways2CapitalViom Networks plans to raise funds via IPO - Telecom tower operator Viom Networks is reportedly planning for an initial public offering (IPO) by the end of the year The company is planning an IPO to fund growth and acquisitions, according to reports.
By: Ways2Capital ✍ Viom Networks plans to raise funds via IPO - Telecom tower operator Viom Networks is reportedly planning for an initial public offering (IPO) by the end of the year The company is planning an IPO to fund growth and acquisitions, according to reports. A report said that the company has revived talks to sell a stake to American Tower Corp (ATC). The company is expecting a valuation of around Rs 25,000 crore in an IPO, chief executive Syed Safawi added. ✍ VRL Logistics gains on IPO index inclusion - VRL Logistics continues to trade near the highest level of the day at Rs. 290 on BSE - with a gain of 1.5 percent at Rs. 287, on the back of positive news flow. According to media reports, the Bombay Stock Exchange (BSE) has decided to include transport and logistics firm VRL Logistics in the S&P IPO index from today. So far 133,000 shares have changed hands at the counter as compared to its daily average volume of 3.8 million shares in the past two weeks. ✍ Numero Uno files IPO papers with SEBI - Apparel and lifestyle accessories firm Numero Uno Clothing Ltd has filed papers with capital markets regulator SEBI for initial public offer (IPO), according to reports. A report said that the proceed of the issue would be utilised for opening 84 new stores, expansion of the existing capacity at Selaqui, Dehradun, brand building and general corporate purposes. The proposed public issue comprises fresh issue worth Rs. 65 crore and an offer for sale up to 84 lakh from its promoter and AA India Development Capital Fund. ✍ Indian Overseas Bank Q4 net profit at Rs. 35.5 cr - Indian Overseas Bank has announced the following results for the quarter & year ended March 31, 2015. The Bank has posted a net profit of Rs. 355.00 million for the quarter ended March 31, 2015 as compared to Rs. 2683.30 million for the quarter ended March 31, 2014. Total Income has increased from Rs. 64759.30 million for the quarter ended March 31, 2014 to Rs. 67040.30 million for the quarter ended March 31, 2015.The Bank has posted a net (loss) of Rs. (4543.30) million for the year ended March 31, 2015 as compared to net profit of Rs. 6017.40 million for the year ended March 31, 2014. Total Income has increased from Rs. 248530.70 million for the year ended March 31, 2014 to Rs. 260769.30 million for the year ended March 31, 2015. ✍ Eicher Motors Q1 profit zooms 32%, net profit of Rs. 213.45 crore - Eicher Motors Ltd has announced the following results for the quarter ended March 31, 2015: The Unaudited Standalone results for the Quarter ended March 31, 2015 The Company has posted a net profit of Rs. 2134.50 million for the quarter ended March 31, 2015 as compared to Rs. 1606.20 million for the quarter ended March 31, 2014. Total Income has increased from Rs. 7205.90 million for the quarter ended March 31, 2014 to Rs. 10260.70 million for the quarter ended March 31, 2015. The Consolidated Results are as follows. The Unaudited Consolidated results for the Quarter ended March 31, 2015. The Group has posted a net profit/(loss) ✍ Tata AIA Life Insurance Money Back Plus - Tata AIA Life Insurance (Tata AIA Life) announced the launch of the unique Tata AIA Life Money Back Plus (Money Back Plus), a savings solution that offers customers money back in both short and longer term intervals along with bonuses. The premium paying term is only half of the policy term, and the plan offers protection solution including built-in double coverage for accidental death. Money Back Plus is structured into three equal tranches totaling 20% each of sum assured to take care of short term goals. In addition, a lump sum payment at maturity, which can be as high as an additional 70% sum assured, plus compounded bonus and terminal bonus takes care of medium to longer term goals. Ravi Vishwanath, Deputy CEO of Tata AIA Life, said, “In line with our belief of ‘Making Good Happen’, we have launched Money Back Plus. From School to College to Car to Marriage, Money Back Plus will help our customers Make Good Happen for the ones they love.” For Quick Trial – 08962000225 Or mail us here: info@ways2capital.com or visit http://www.ways2capital.com/ Contact 0731-6554125 Toll Free – 1800-3010-2007 For Reports And Tracksheets - http://www.ways2capital.com/ End
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