Shares in News Today Focus in Bharti Airtel, Adani Ports, Cipla

Bharti Airtel after trading hours yesterday, 16 Feb. 2016, declared varies at top management at its Africa operations. Christian Defaria, managing director (MD) and CEO, Airtel Africa, has been elevated to the spot of Executive Chairman, Airtel Africa. In his fresh job, he would maintain to sustain the vision of Airtel Africa and lead all matters relating to legal, regulatory affairs, investors as well as Mergers & Acquisitions. Raghunath Mandava, who is presently Director – Customer Experience, India & South Asia, would take over as Chief Operating Officer, Airtel Africa. Mandava would relocate to Nairobi and would be fully liable for the commercial operations. As per the fresh cluster based organization design, the 15 African operating companies would now be classified into eight clusters with all cluster heads reporting to Mandava.

Adani Ports and Special Economic Zone (APSEZ) after market hours yesterday, 16 Feb. 2016 said it has increased Rs 750 crore by allotment of 7,500 rated, listed, taxable, protected, redeemable, non-convertible debentures (NCDs) of the face value of Rs 10 lakh each on private placement basis. The NCDs would be listed on the wholesale debt market section of BSE.

Cipla after trading hours yesterday, 16 Feb. 2016, declared that it shows that the Government, based on the advices of the Foreign Investment Promotion Board, approved the proposed asset by FIL Capital Investments (Mauritius) II Limited in Cipla Health, subsidiary of the company. The asset is still subject to other conditions precedent and the transfer of Company's consumer healthcare business to Cipla Health.

The government declared yesterday, 16 Feb. 2016, that it approved initial asset of Rs 128.96 crore from FIL Capital Investments (Mauritius) II in Cipla Healthcare, a totally owned subsidiary of Cipla, by approach of subscription to new equity stocks and CCPS up to a maximum of 26.11 Per cent of the share capital of Cipla Healthcare. The government also approved asset of upto Rs 16.26 crore by FIL Capital Investments (Mauritius) II in subsequent rounds of asset in Cipla Health post the ending of the initial investment.

Valecha Engineering after trading hours yesterday, 16 February 2016, announced that it bagged two projects worth Rs 398.03 crore. The company bagged an order worth Rs 308.77 crore for rehabilitation and upgradation of National Highway 43 to two lanes with paved shoulder in Chhattisgarh on engineering, procurement, construction (EPC) basis. Further, the company won an order worth Rs 89.26 crore for construction of rail flyover for harbour line at Kurla in connection with Mumbai CST-Kurla 5th and 6th lines project.

Manappuram Finance Q3 net profit rises 25% to Rs 100 cr , Manappuram Finance today noted a climb of 24.5% in its merged net revenue at Rs 100.34 crore during Q3 closed Dec. The company's merged net revenue had stood at Rs 80.60 crore in the corresponding (Oct-Dec) quarter of last fiscal. The total income of the gold loan financing firm increased to Rs 620.72 crore for the quarter closed Dec. 2015 as against Rs 516.69 crore for the time closed Dec. 2014.