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RIL, Cipla, ITC in focus
(08:13, 18 May 2020)

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Reliance-Industries-(RIL)-and-Jio-Platforms-announced-an-investment-of-₹-6,598.38-crore-by-General-Atlantic,-a-leading-global-growth-equity-firm.-This-investment-values-Jio-Platforms-at-an-equity-value-of-₹-4.91-lakh-crore-and-an-enterprise-value-of-₹-5.16-lakh-crore.-General-Atlantic's-investment-will-translate-into-a-1.34%-equity-stake-in-Jio-Platforms-on-a-fully-diluted-basis.-

Seperately,-RIL-informed-that-the-rights-issue-committee-of-the-board-of-directors,-has-approved-issue-opening-date-of-20-May-2020-and-closing-date-of-3-June-2020.-

ITC-said-the-company-has-resumed-operations-at-its-factories-and-plant-locations-manufacturing-non-essential-items-with-limited-workforce;-the-factories-and-plant-locations-manufacturing-essential-items-continue-to-operate,-as-advised-earlier.-The-company's-hotels,-however,-continue-to-remain-closed,-except-for-those-travellers-who-were-stranded-due-to-lockdown-or-for-accommodating-identified-persons,-based-on-the-directions-of-the-respective-State-Governments-and-local-bodies.

Cipla's-consolidated-net-profit-fell-33.02%-to-₹-245.95-crore-on-0.67%-fall-in-total-income-to-₹-4,469.37-crore-in-Q4-March-2020-over-Q4-March-2019.--

Cipla's-board-of-directors-approved-raising-funds-upto-₹-3000-crores-by-issue-of-equity-shares-or-American-depository-receipts-or-global-depository-receipts-or-foreign-currency-convertible-bonds-or-other-securities-/-financial-instruments-convertible-into-equity-shares,-whether-denominated-in-Indian-Rupee-and/or-foreign-currency(ies),-though-a-public-issue-or-a-private-placement.

IIFL-Securities'-consolidated-net-profit-fell-0.03%-to-₹-37.27-crore-on-2.71%-fall-in-total-income-to-₹-209.84-crore-in-Q4-March-2020-over-Q4-March-2019.--

Nippon-Life-India-Asset-Management's-consolidated-net-profit-fell-97.54%-to-₹-3.72-crore-on-62.37%-fall-in-total-income-to-₹-149.56-crore-in-Q4-March-2020-over-Q4-March-2019.--

Mahindra-&-Mahindra-Financial-Services'-consolidated-net-profit-fell-65.79%-to-₹-234.82-crore-on-8.05%-rise-in-total-income-to-₹-3,148.47-crore-in-Q4-March-2020-over-Q4-March-2019.--

L&T-Finance-Holdings'-consolidated-net-profit-fell-29.48%-to-₹-386.15-crore-on-1.28%-rise-in-total-income-to-₹-3,427.22-crore-in-Q4-March-2020-over-Q4-March-2019.--

Eveready-Industries-India-said-the-company's-battery-manufacturing-facility-at-Kolkata-is-partially-operational-in-a-gradual-and-phased-manner.

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Reliance-Industries-(RIL)-and-Jio-Platforms-announced-an-investment-of-₹-6,598.38-crore-by-General-Atlantic,-a-leading-global-growth-equity-firm.-This-investment-values-Jio-Platforms-at-an-equity-value-of-₹-4.91-lakh-crore-and-an-enterprise-value-of-₹-5.16-lakh-crore.-General-Atlantic's-investment-will-translate-into-a-1.34%-equity-stake-in-Jio-Platforms-on-a-fully-diluted-basis.-

Seperately,-RIL-informed-that-the-rights-issue-committee-of-the-board-of-directors,-has-approved-issue-opening-date-of-20-May-2020-and-closing-date-of-3-June-2020.-

ITC-said-the-company-has-resumed-operations-at-its-factories-and-plant-locations-manufacturing-non-essential-items-with-limited-workforce;-the-factories-and-plant-locations-manufacturing-essential-items-continue-to-operate,-as-advised-earlier.-The-company's-hotels,-however,-continue-to-remain-closed,-except-for-those-travellers-who-were-stranded-due-to-lockdown-or-for-accommodating-identified-persons,-based-on-the-directions-of-the-respective-State-Governments-and-local-bodies.

Cipla's-consolidated-net-profit-fell-33.02%-to-₹-245.95-crore-on-0.67%-fall-in-total-income-to-₹-4,469.37-crore-in-Q4-March-2020-over-Q4-March-2019.--

Cipla's-board-of-directors-approved-raising-funds-upto-₹-3000-crores-by-issue-of-equity-shares-or-American-depository-receipts-or-global-depository-receipts-or-foreign-currency-convertible-bonds-or-other-securities-/-financial-instruments-convertible-into-equity-shares,-whether-denominated-in-Indian-Rupee-and/or-foreign-currency(ies),-though-a-public-issue-or-a-private-placement.

IIFL-Securities'-consolidated-net-profit-fell-0.03%-to-₹-37.27-crore-on-2.71%-fall-in-total-income-to-₹-209.84-crore-in-Q4-March-2020-over-Q4-March-2019.--

Nippon-Life-India-Asset-Management's-consolidated-net-profit-fell-97.54%-to-₹-3.72-crore-on-62.37%-fall-in-total-income-to-₹-149.56-crore-in-Q4-March-2020-over-Q4-March-2019.--

Mahindra-&-Mahindra-Financial-Services'-consolidated-net-profit-fell-65.79%-to-₹-234.82-crore-on-8.05%-rise-in-total-income-to-₹-3,148.47-crore-in-Q4-March-2020-over-Q4-March-2019.--

L&T-Finance-Holdings'-consolidated-net-profit-fell-29.48%-to-₹-386.15-crore-on-1.28%-rise-in-total-income-to-₹-3,427.22-crore-in-Q4-March-2020-over-Q4-March-2019.--

Eveready-Industries-India-said-the-company's-battery-manufacturing-facility-at-Kolkata-is-partially-operational-in-a-gradual-and-phased-manner.

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