Sonata Software: The smallcap IT player said the board has approved a bonus issue of one equity share for every three equity shares held by the shareholders of the company as on the record date. The bonus issue of equity shares will be subject to approval by the shareholders.
Karur Vysya Bank: The private lender reported more than doubling its net profit to Rs 229 crore in the June quarter, led by higher interest income and improved interest margin. The bank had posted a net profit of Rs 109 crore in the year-ago period.
IIFL Wealth & Asset Management: The wealth management firm reported a 35 per cent growth in its profit after tax at Rs 160 crore for three months ended June 2022. In comparison, the company had posted a PAT (Profit After Tax) of Rs 119 crore in the same quarter of the preceding fiscal.
Strides Pharma Science: The pharma player said its board has approved to raise up to Rs 150 crore through an issue of securities on a private placement basis, up to 1,500 senior, secured, rated, unlisted, redeemable, non-convertible debentures of face value Rs 10 lakh each.
Emkay Global Financial Services: The stock broking and allied services player has become the latest entities to approach capital markets regulator Sebi for a mutual fund licence. It has joined the list of seven entities, which are awaiting Sebi's approval to enter into the mutual fund space.
Coffee Day Enterprises: The brewery firm said it has asked its subsidiaries and one joint venture firm to file suit against MACEL for recovery of dues. In July 2020, an investigation revealed that Mysore Amalgamated Coffee Estates Limited (MACEL) owes Rs 3,535 crore to the subsidiaries of CDEL.
RattanIndia Power: The electric utilities firm reported narrowing of its loss to Rs 389.30 crore in the June quarter compared to the year-ago period. The company had reported a consolidated net loss of Rs 824.42 crore in the quarter ended on June 30, 2021.
Vikas Lifecare: The diversified firm reported a 680 per cent rise in the net profit to Rs 2.59 crore for the quarter ended June 30, 2022. The company had recorded a net profit of Rs 0.33 crore in the same quarter previous year.
Dynamic Cables: The electrical cable manufacturer has received a principal approval for its debut on the National Stock Exchange (NSE). The equity shares of the company shall be listed and admitted to dealing on NSE with effect from Wednesday, July 27.
By: via @AlliesFin Serve Stock Market
