Industry News

Religare Enterprises Ltd, has acquired 1.32 million pledged shares of India's largest private shipbuilder ABG Shipyard Ltd to take a 24.49% stake in the debt-laden company. In its filing to BSE, ABG Shipyard said Religare Finvest has acquired 1.32 million shares, representing 24.49% stake in the shipbuilder, by invoking the' encumbrance' clause. This acquisition will, under the rules, not trigger an open offer to ABG Shipyard's..."/>
Religare Finvest acquires 24.49% stake in ABG Shipyard [Mint, New Delhi]
Is 2016 the year of gold and silver? [Mint, New Delhi]
Mint, New Delhi, Monika Halan column [Mint, New Delhi]
State Bank of India since 1984. In November 2013, he was deputed to SBI Funds Management Pvt. Ltd as its managing director and chief executive officer."/>
Blend of digital and physical matters most [Mint, New Delhi]
ICICI Bank Ltd and Prudential Corporation Holdings Ltd. The company began operations in 2000.."/>
ICICI Prudential Life Insurance to launch IPO by September [Mint, New Delhi]
Indraprastha Gas Ltd closed at an annual high of Rs.620 apiece in mid-June. Since then, the stock has declined marginally."/>
Mahanagar Gas share sale buzz boosts Indraprastha Gas stock [Mint, New Delhi]
Goldman Sachs Group Inc. to set up his own private equity business called Avatar Growth Capital Partners, two people aware of the development said. Avatar Growth Capital is a mid-market private equity firm that will look at investing in high-growth companies, one of them said. The size of the fund could not be immediately ascertained."/>
Vishal Bakshi quits Goldman Sachs to set up private equity business [Mint, New Delhi]
Religare Enterprises Ltd, has acquired 1.32 million pledged shares of India's largest private shipbuilder ABG Shipyard Ltd to take a 24.49% stake in the debt-laden company. In its filing to BSE, ABG Shipyard said Religare Finvest has acquired 1.32 million shares, representing 24.49% stake in the shipbuilder, by invoking the' encumbrance' clause. This acquisition will, under the rules, now trigger an open offer to ABG Shipyard's..."/>
Religare Finvest acquires 24.49% stake in ABG Shipyard [Mint, New Delhi]
United Bank of India is expecting a capital infusion of Rs.500-600 crore from the Centre this year, over and above a Rs.1, 000- crore share sale for which it obtained shareholders' approval on Tuesday. Last year, the Centre had provided Rs.480 crore to Kolkata-based United Bank to shore up its equity capital, and this year, too, the Centre may inject Rs.500-600 crore more, said executive director Sanjay Arya. The Centre has proposed to spend up to Rs.25, 000 crore in the..."/>
United Bank expects capital infusion of Rs500-600 crore this year [Mint, New Delhi]
JSW Steel Ltd on Tuesday said it will seek shareholders' approval to raise as much as $2 billion by selling non-convertible foreign currency denominated bonds to fund its long-term capital expenditure plans. In addition, the company will also seek approval from shareholders to raise up to Rs.4, 000 crore by selling shares and debentures to institutional investors through the qualified institutional placement route. JSW Steel will seek shareholders' approval..."/>
JSW Steel seeks to raise up to $2 billion via foreign currency bonds [Mint, New Delhi]
Synovus Financial Corp., the parent company of Columbus Bank and Trust, has been named one of the "most reputable" banks in the U.S. by American Banker magazine and the Reputation Institute. The Columbus-based bankholding firm is No. 2 out of 33 financial institutions on the annual 2015 list, with it in the top 10 among customers and non-customers surveyed by the institute. The recognition appears in the July edition of American Banker, a trade periodical for top banking and..."/>
Synovus is among 'most reputable' banks in the U.S. [Columbus Ledger-Enquirer, Ga.]
Berkshire Hills Bancorp, Inc. and New Jersey-based First Choice Bank have signed a definitive merger agreement under which First Choice Bank will merge into Berkshire Bank and its subsidiary, First Choice Loan Services Inc., will become a subsidiary of Berkshire Bank in..."/>
M and A Navigator: Deal pipeline –29 June
Delavaco Residential Properties Corp. is pleased announce that 96.2% or approximately $11.8 million of the $12.3 million of outstanding 7.5% Senior Secured Notes due June 30, 2016 have tendered to the maturity date extension from June 30, 2016 to December 31, 2017."/>
Delavaco Residential Properties Corp. has over 96% support in favour of the Senior Secured Note Maturity Date Extension
Healthcare Realty Trust Incorporated announced the pricing of its underwritten public offering of 8,000,000 newly issued shares of common stock. The gross proceeds of the offering, before deducting estimated offering expenses and underwriting discounts and before giving effect to the underwriters' option, if exercised, will be $268 million. As part of the offering, the Company has granted the underwriters a 30- day option to purchase up to an..."/>
Healthcare Realty Trust Prices Offering of 8,000,000 Shares of Common Stock
First Midwest Bancorp, Inc., the parent company of First Midwest Bank, today announced that it has entered into a definitive agreement to acquire Standard Bancshares, Inc., the holding company for Standard Bank and Trust Company, headquartered in Hickory Hills, Illinois. Founded in 1947, Standard operates 35 banking offices in the southwest Chicago suburbs and adjacent markets in northwest Indiana. Standard has total assets of approximately $2.5 billion..."/>
First Midwest Bancorp, Inc. to Acquire Standard Bancshares, Inc.
Alaris Royalty Corp. is pleased to announce that it will release earnings results for the three and six months ended June 30, 2016 following the closing of regular trading on the Toronto Stock Exchange Tuesday, July 26, 2016. Alaris management will host a conference call at 9 am MST, Wednesday, July 27, 2016 to discuss the financial..."/>
Alaris Royalty Corp. Announces Q2 2016 Earnings Release Date

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