FTIL in India Sells Mauritius Exchange, Tata Power Issues Debentures

Mukesh Buch
18 Nov, 2014
New York City

FTIL agreed to sell Mauritius-based exchange for $40.5 million. Punj Lloyd secured highway contract for Rs 666 crore. RJio signed for $1.5 billion syndicated term loan. Sesa Sterlite expand copper smelter plant worth Rs 2,500 crore. Tata Power rise Rs 1,500 crore via non-convertible debentures.

[R]6:00 PM Mumbai – FTIL agreed to sell Mauritius-based exchange for $40.5 million. Punj Lloyd secured highway contract for Rs 666 crore. RJio signed for $1.5 billion syndicated term loan. Sesa Sterlite expand copper smelter plant worth Rs 2,500 crore. Tata Power rise Rs 1,500 crore via non-convertible debentures.[/R]

The Sensex Index edged down 14.59 or 0.05% to close at 28,163.29. The CNX Nifty fell 4.85 or 0.06% to 8,425.90.

Gainers & Losers

Financial Technologies (India) Limited, the stock market operation software developer and exchange operator jumped 4.8% to Rs 191 after the company agreed to sell Mauritius-based exchange for $40.5 million to Continental Africa Holdings.

Punj Lloyd Limited, the conglomerate climbed 4.7% to Rs 40.05 after the company won highway contract of Rs 666 crore from the Ministry of Road Transport.

Praj Industries Limited, the engineering service provider surged 6.7% to Rs 76.65 and the company secured an order worth Rs 235 crore for oil & gas process skids from Petrobras.

Reliance Industries Limited, the industrial to retail conglomerate rose 0.6% to Rs 989.50 after its subsidiary Reliance Jio signed syndicated term loan facilities of $1.5 billion to refinance its existing syndicated term loan.

Sesa Sterlite Limited, the metals and mining company soared 4.1% to Rs 247.05 after the company plans to expand its copper smelter plant worth Rs 2,500 crore in Tamil Nadu.

Tree House Education & Accessories Limited rose 0.9% to Rs 448 after the educational services provider said net in the second-quarter advanced 9.8% to Rs 12.59 crore.

Total revenues climbed 20.5% to Rs 49.76 crore.

Tata Power Company Limited added 0.5% to Rs 88.85 and the integrated power company raised Rs. 1,500 crore through the issue of non-convertible debentures.