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Minda Corporation Limited continues stellar performance as EBITDA increases by 33% led by strong revenue growth of 24%

Mumba i , India, May 27, 2015 – Minda Corporation Limited (referred to as “Minda Corp” or the “Company”; NSE: MINDACORP, BSE: 538962), a leading automotive component and flagship company of SPARK MINDA - Ashok Minda Group, announces its Q4 and Full Year FY2015 results, in accordance with Indian GAAP. Consolidated Performance Highlights: FY2015 vs. FY2014 ·             Total Revenue increased by 23.6% Y-o-Y to Rs. 19,706 million ·             EBITDA increased by 33.4% Y-o-Y to Rs. 2,082 million; Margins expanded by 78 bps to 10.6% ·             Profit after Tax increased by 12.8% to Rs. 895 million, Margins of 4.5% ·             Net Debt of Rs. 4,010 million (Q3 FY2015: Rs. 4,335 million) ·             Debt / Equity ratio of 0.86x (Q3 FY2015: 1.16x) ·             Recommended final dividend of Rs. 0.20 per share Commenting on the results and performance, Mr. Ashok Minda, Chairman and Group CEO said:   “We are elated to announce the results for what has been a ph

Tree House Education’s Q4FY2015 net profit jumps 112.84% to INR 17.12 crore

Ø Revenue from operations for Q4FY15 rises 41.77 % to INR 50.68 crore; Ø Tree House opened 50 preschools centers in the last quarter of FY2015, taking total to 612 Mumbai, May 28, 2015 : Tree House Education and Accessories Limited (‘Tree House”), India's largest self-operated pre-school chain, today, has posted a 112.84 percent rise its net profit for Q4FY2015. The net profit for the quarter ended March 31, 2015 stood at INR 17.12 crore compared to INR 8.04 crore in Q42014. Revenue from operations for Q4FY15 rose 41.77 % to INR 50.68 crore as compared to INR 35.75 crore for the Q4FY2014.  EPS (Fully diluted) for the quarter ended March 31, 2015 stood at INR 4.40.  Maintaining sharp focus on enhancing financial performance the Company registered 31.6% growth in topline and 38.65% increase in Profit After Tax in FY15. Tree House posted total income of INR 207.45 crore compared to INR 157.64 crore in the FY 2014. The Net Profit for FY 2015 rose to INR 60.88 crore co

PNC Infratech shares list at over 2% premium

Shares of PNC Infratech today listed on the stock exchanges with a premium of over 2 per cent against the issue price of Rs 378 a share. The stock debuted at Rs 381, up 0.79 per cent, on BSE. On NSE, PNC Infratech listed at Rs 387, a gain of 2.38 per cent.   L to R: Mr. DK Maheshwari (AVP, PNC), Mr. Yogesh K Jain (MD, PNC), Mr. Pradeep Kumar Jain (CMD, PNC), Mr. Chakresh K Jain (MD, PNC), Mr. Naveen K. Jain (Director) and Mr. Anil K. Rao (Director, PNC) at the listing ceremony of PNC Infratech Ltd. at NSE Currently, the company commands a market valuation of Rs 1,911.22 crore. In terms of volume, 6.66 lakh shares of the company changed hands at BSE while over 24 lakh shares were traded at NSE in the morning trade. The initial public offer (IPO) of the Agra-based company was subscribed 1.54 times earlier this month. The company runs projects in Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharas

SLCM conferred CII Scale Awards 2015 for Exemplary Position in Supply Chain & Logistics - Agri Warehousing

SLCM conferred CII Scale Awards 2015 for Exemplary Position in Supply Chain & Logistics - Agri Warehousing Mumbai, 25 th May, 2015 : Sohan Lal Commodity Management (SLCM) bagged the award for Exemplary Position in Supply Chain & Logistics- Agri Warehousing at the CII Scale Awards 2015. The company was felicitated by Mr. S Ramesh,          Chief Commissioner – Customs, Govt. of India; Mr. Atulya Misra, Chairman – Chennai port Trust, Govt. of India & Mr. R Dinesh, Chairman – CII Logistics Advisory Council amidst a grand award ceremony held at ITC Grand Chola, Chennai on May 22, 2015. Talking about the same, Mr. Sandeep Sabharwal – Group CEO, SLCM said “We are proud to receive the award which is a huge recognition for the work we have been doing all these years. It signifies our capability and is indeed a motivation to continue innovating and creating even more benchmarks in the coming years.” The winners were selected after a long deliberation by the esteemed jury whi

SLCM partners with C B Bank - Myanmar’s leading Bank to provide Collateral Financing

SLCM Group expands network in Myanmar with second tie-up   Highlights: ·       Tie-up with C B Bank aimed to provide Collateral Financing to farmers at an annual interest rate of 13%; Plans to double the presence from four locations to eight locations by second quarter of FY15 ·       SLCM Ltd., the wholly owned subsidiary of Sohan Lal Commodity Management Pvt. Ltd - India's leading post harvest Agri-Logistics Group, has disbursed loans worth 680 Mn kyatts to several clients on agriculture commodities in Myanmar through Yoma Bank tie-up. SLCM Myanmar has managed 100,000 sq feet of space, 15 different commodities handling a throughput of around 4 million MT in 11 months of operations ·       First warehousing company to enter ASEAN country for agri-financing & storage solutions 11 May, 2015, Mumbai: SLCM Ltd., the wholly owned subsidiary of Sohan Lal Commodity Management Pvt. Ltd, India's leading agri logistics and warehousing Group, has tied up with one of

PNC Infratech Limited allots 38.62 lakh shares @ Rs. 378 aggregating to Rs. 146 crore to anchor investors

·         Anchor investors include Goldman Sachs India, HDFC Trustee Co Ltd., Birla Sun Life Trustee Co. Ltd., DSP Blackrock India, Reliance Capital Trustee Co. Ltd., Reliance Mutual Fund, L&T Mutual Fund, Sundaram Mutual Fund and Kotak Mutual Fund. ·         Public Offer opens on 8 th May 2015 and closes on May 12, 2015 ·         Price Band fixed from Rs. 355 to Rs. 378 per Equity Share PNC Infratech Limited (“PNC INFRATECH” or our “Company” or the “Company” or the “Issuer”) has finalized the allocation of 3,861,511 equity shares to anchor investors at Rs. 378 (upper end of Price Band) aggregating to approximately around Rs. 146 crore. The anchor investors include Goldman Sachs India, HDFC Trustee Co Ltd., Birla Sun Life Trustee Co. Ltd., DSP Blackrock India, Reliance Capital Trustee Co. Ltd., Reliance Mutual Fund, L&T Mutual Fund, Sundaram Mutual Fund and Kotak Mutual Fund.  The anchor allotment was as follows: GOLDMAN SACHS INDIA FUND – 2,64,530 equity share

Spark Minda & Vehicle Access Systems Technology Llc enter into a 50:50 Joint Venture

Global Automotive Component manufacturer “ Spark Minda, Ashok Minda Group” has entered into a Joint Venture partnership with “ Vehicle Access Systems Technology Llc.(VAST)”, USA, a group with a global presence as valued supplier of strategic vehicle access components and systems to targeted global customers and known for “Key solutions for automotive world” . This joint venture entity between two groups named as Minda VAST Access Systems Private Limited (“Minda VAST”) will have operations in Pune and Delhi-NCR. VAST , USA is a highly qualified, global supplier of security/ access control products for the motor vehicle industry. It will support to the Joint Venture for - the locksets, steering column locks, latches, strikers, socket bows, handles, immobilizers, passive entry, start systems, ignition switches, hinges, power access etc. With approx. 1.2 bn USD in sales and around 8,000 employees, VAST is one of the global market leaders in the access systems business.  The ma

PNC Infratech Limited Public Offer opens on 8th May 2015

  Price Band fixed from Rs. 355 to Rs. 378 per Equity Share PNC Infratech Limited (“PNC INFRATECH” or our “Company” or the “Company” or the “Issuer”) proposes to open on Friday, 8 th May, 2015, a public issue of up to 12,921,708 Equity Shares of face value of Rs. 10 each (the “Equity Shares”) including a share premium per Equity Share (the “Offer”). The Price Band is fixed from Rs. 355 to Rs. 378 per Equity Share. The Offer comprises a fresh issue to the public of up to 11,500,000 Equity Shares by the Company (the “Fresh Issue”) and an Offer for Sale of up to 1,421,708 Equity Shares (the “Offer For Sale”) by NYLIM JACOB BALLAS INDIA (FVCI) III LLC (THE “Selling Shareholder” or “NYLIM JB”). The Offer includes a reservation of 50,000 Equity Shares for subscription by Eligible Employees (the “Employee Reservation Portion”). The Offer less the Employee Reservation Portion is referred to as the “Net Offer” aggregating up to 12,871,708 Equity Shares. The Bid/Offer closes on Tuesday,

UFO Moviez India Raises Rs 180 Crore From Anchor Investors

Anchors include Reliance MF, Kotak MF, SBI MF, Pinebridge Global Funds, Jupiter South Asia, Amundi, Ashmore SICAV & Bharti Axa Life Insurance PUBLIC ISSUE OPENS APRIL 28, 2015 Price Band fixed from Rs. 615 to Rs. 625 per Equity Share UFO Moviez India Limited (the “Company”), its Board and Selling Shareholders, in consultation with the Global Co-ordinators and Book Running Lead Managers, has finalized the allocation of 2,880,000 Equity Shares in aggregate, to Anchor Investors at Anchor Investor allocation price of Rs. 625 per Equity Share (upper end of the Price Band), aggregating to Rs. 1,800 million (Rs. 180 crore). The Company allotted 2,880,000 equity shares to anchors as follows: Reliance Capital Trustee Co. Ltd A/c Reliance Regular Savings Fund — Equity Option - 448,000 equity shares; Reliance Capital Trustee Co. Ltd A/c Reliance Regular Savings Fund — Balanced Option - 138,480 equity shares; Reliance Capital Trustee Co. Ltd A/c — Reliance Retirement Fund