Re: {LONGTERMINVESTORS} News & Misc. items - Thread

 Coal India dropped 1.72% to Rs 315 after the company announced that its board of directors at a meeting held yesterday, 11 July 2016, approved the buyback of equity shares not exceeding 10.89 crore shares of the company, from all the shareholders holding equity shares of the company as on record date on a proportionate basis through the tender offer route at a price of Rs 335 per share payable in cash for an aggregate consideration not exceeding Rs 3650 crore which is not exceeding 25% of the aggregate fully paid up share capital and free reserves of the company as per audited accounts of the company for the financial year ended 31 March 2016. The announcement was made after market hours yesterday, 11 July 2016.

Tata Power Company slipped 0.61%. The company announced that its board of directors at a meeting held yesterday, 11 July 2016, approved issuance in one or more tranches, of non-cumulative, redeemable, taxable, listed, rated securities in the form of non-convertible debentures upto an aggregate amount not exceeding Rs 3500 crore and for tenor not exceeding 3 years (debentures) from the date of issue on private placement basis to any persons, entities, bodies corporate, companies, banks, financial institutions and any other categories of eligible investors permitted to invest in the debentures under applicable laws. The announcement was made after market hours yesterday, 11 July 2016.

Among macro economic data, the government will announce data on industrial production for May 2016 after market hours today, 12 July 2016. India's industrial production (IIP) contracted by 0.8% in April 2016. On the same day, the inflation based on the consumer price index (CPI) for June 2016 is scheduled to be released by the government. CPI inflation increased to 21-months high of 5.76% in May 2016, recording rise for second straight month.

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