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Bayer to acquire Monsanto in all cash transaction

Bayer to acquire Monsanto in all cash transaction

Sep 14,2016

Monsanto India announced that Bayer and Monsanto signed definitive agreement under which Bayer will acquire Monsanto for USD 128 per share in an all cash transaction.

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Tata Consultancy Services announces change in directorate
Feb 21,2017

Tata Consultancy Services announced that the Company has received a letter from Tata Sons, in exercise of the powers under Article 90 of the Articles of Association of the Company, nominating N. Chandrasekaran as the Chairman of the Board of Directors of the Company in place of Ishaat Hussain, with effect from 21 February 2017. The nomination was duly noted by the Directors at its meeting held on 20 February 2017.

In view of the above, N. Chandrasekaran would take charge as Non-Executive Chairman of the Board of Directors of the Company with effect from 21 February 2017.

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Tata Consultancy Services announces change in directorate
Feb 21,2017

Tata Consultancy Services announced that the Company has received a letter from Tata Sons, in exercise of the powers under Article 90 of the Articles of Association of the Company, nominating N. Chandrasekaran as the Chairman of the Board of Directors of the Company in place of Ishaat Hussain, with effect from 21 February 2017. The nomination was duly noted by the Directors at its meeting held on 20 February 2017.

In view of the above, N. Chandrasekaran would take charge as Non-Executive Chairman of the Board of Directors of the Company with effect from 21 February 2017.

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Outcome of board meeting of Stampede Capital
Feb 21,2017

Stampede Capital announced that the Board of Directors of the Company at its meeting held on 20 February 2017 has approved the following subject to approval of shareholders -

Issue of 5 crore equity share warrants not exceeding 15% of the post issue equity to 13 persons under non promoter group.

Approved the proposal to raise further capital up to 40 million USD by way of ADR/GDR QIP/ Rights Issue/ FCCB and other securities.

Issue of ESOP shares to the Key Manageria Persons by Stampede Tradex, Singapore.

To increase the Authorised Share Capital from Rs 34 crore to Rs 45 crore.

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Outcome of board meeting of Stampede Capital
Feb 21,2017

Stampede Capital announced that the Board of Directors of the Company at its meeting held on 20 February 2017 has approved the following subject to approval of shareholders -

Issue of 5 crore equity share warrants not exceeding 15% of the post issue equity to 13 persons under non promoter group.

Approved the proposal to raise further capital up to 40 million USD by way of ADR/GDR QIP/ Rights Issue/ FCCB and other securities.

Issue of ESOP shares to the Key Manageria Persons by Stampede Tradex, Singapore.

To increase the Authorised Share Capital from Rs 34 crore to Rs 45 crore.

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Outcome of board meeting of Gammon India
Feb 21,2017

Gammon India announced that the Board of Directors of the Company at its meeting held on 20 February 2017 has permitted Gammon Power to further sell/dispose off the balance 26.06% of the equity shares of Gammon Infrastructure Projects at the market price, in one or more tranches out of which, the Board has subject to shareholders and all regulatory approvals, expressed its intention to acquire up to 20% of the said equity shares of Gammon Infrastructure Projects from Gammon Power at the market price in one or more tranches.

The said equity shares of GIPL have been currently pledged by Gammon Power to the Companys lenders as security for loans approved to the Company.

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Castrol India to pay final dividend
Feb 21,2017

Castrol India announced that final dividend, if approved by the shareholders at the 39th AGM, shall be paid on or before 30 June 2017.

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Castrol India fixes record date for special dividend
Feb 21,2017

Castrol India has fixed 03 March 2017 as record date for special dividend and the special dividend shall be paid on or before 23 March 2017.

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Tiger Logistics (India) recognised as Fastest Growing Logistics Company of the Year for Gujarat region
Feb 21,2017

Tiger Logistics (India) announced that in the 8th Edition at the Gujrat Junction 2017, the Award for Excellence in Cargo & Logistics Sector hasbeen presented to the Company. The Company has been the winner for n++Fastest Growing Logistics Company of the Yearn++ for the Gujrat region. The award was organized by EXIM India on 18 February 2017 at Hotel Radisson Blu, Kandla.

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IFCI announces change in regional offices
Feb 21,2017

IFCI announced that subsequent to the decision taken by Board of Directors of IFCI, it has been decided to discontinue operations of Regional Offices at Bhubaneswar, Kochi, Lucknow, Raipur and Vijayawada by 17 May 2017. Therefore, all businesses of Regional Offices at Bhubaneswar, Kochi, Lucknow, Raipur and Vijayawada will be transferred and merged with Kolkata, Chennai, Delhi, Mumbai and Hyderabad Regional Offices, respectively for business development and monitoring of existing cases w.e.f. 18 May 2017 onwards.

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Amsons Apparels announces change in directorate
Feb 21,2017

Amsons Apparels announced that Vishal Yadav has resigned from the Directorship of the Company with effect from 17 February 2017 due to pre occupation and Agusteen Kachhap, has been appointed as Non Executive Director with effect from 17 February 2017.

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Power Grid Corporation of India declared successful bidder under TBCB
Feb 21,2017

Power Grid Corporation of India announced that POWERGRID has been declared as the successful bidder under Tariff based competitive bidding to establish 765kV Strengthening in Eastern Region (ERSS-XVIII) on build, own operate and maintain (BOOM) basis. The Letter of Intent (Lol) has been received on 21 February 2017.

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Electrotherm (India) allots 12,66,440 equity shares
Feb 21,2017

Electrotherm (India) announced that as per the terms of issue of 2,85,90,000 Partially Convertible Partially Redeemable Preference Shares (PCPRPS) of Rs. 10/- each allotted to Edelweiss Asset Reconstruction Company (EARC) on 22 August 2015, being an Financial institution within the meaning of sub clauses (ia) and (ii) of clause (h) of section 2 of the Recovery of Debts due to Banks and Financial Institutions Act, 1993, the Securities Allotment Committee of the Company at its meeting held on 21 February 2017 allotted fully paid-up 12,66,440 Equity Shares of face value Rs. 10/- each to EARC at a conversion price of Rs. 225.75 representing 9.94% of the post allotment paid-up equity capital of the Company.

Further the balance / fraction amount, if any, remaining outstanding after the said conversion of PCPRPS will continue to be part of loan by EARC.

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Dr Reddys Laboratories intimates of conclusion of inspection of Miryalaguda plant
Feb 21,2017

Dr Reddys Laboratories announced that the audit of the Companys API manufacturing plant at Miryalaguda, by the US FDA, has been completed on 21 February 2017. The Company have been issued a Form 483 with three observations, which the Company is addressing.

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Piramal Phytocare director resigns
Feb 21,2017

Piramal Phytocare announced that Dr. Vandana Sonavaria, Non - Executive, Non Independent Director of the Company has resigned with effect from 21 February 2017.

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Mastek receives credit ratings
Feb 21,2017

Mastek announced that ICRA has assigned the following ratings -

Fund based limits - ICRA A+ (Stable)
Non fund based limits - ICRA A1+
Fund based / non fund based limits - ICRA A+(Stable)/ ICRA A1+

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