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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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Britannia Industries allots 25,000 equity shares
Jun 06,2017

Britannia Industries has allotted 25000 equity shares under ESOP. With this allotment, the paid up share capital stands at Rs 24 crore consisting of 12,00,25,815 equity shares of Rs 2 each.

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Advanced Enzyme Technologies wins Best IPO award
Jun 06,2017

Advanced Enzyme Technologies has been awarded for BEST IPO at IR Society Awards 2017, organised by Investor Relations Society of India in association with BSE, KPMG India and Bloomberg on 02 June 2017.

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India Signs Loan Agreement with the World Bank for USD 39.2 Million for the project n++Assam Citizen Centric Service Deliveryn++
Jun 06,2017

An agreement for IBRD Credit of USD 39.2 Million from World Bank for the project n++Assam Citizen Centric Service Deliveryn++ was signed here today. Loan agreement was signed by Shri Raj Kumar, Joint Secretary (MI), Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Mr. Hisham Abdo, Manager, Operations (India) on behalf of the World Bank. The Implementing Entity Agreement was signed by the Additional Chief Secretary, Government of Assam, on behalf of Government of Assam, and the Country Director (India) on behalf of the World Bank.

The programme size is USD 49 million, of which USD 39.2 million will be financed by the Bank, and the remaining amount will be funded-out of State Budget. The programme duration is 5 years.

The objective of the project is to improve access in the delivery of selected public services in Assam. The Project seeks to enable citizens to access services under the RTPS Act in a timely, efficient, and accountable manner. The Project adopts an integrated approach to improve access and accountability.

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Grasim Inds in spotlight as NCLT OKs ABNL merger
Jun 06,2017

Grasim Industries will be watched. The company said that the National Company Law Tribunal (NCLT), bench at Ahmedabad, approved of the merger of Aditya Birla Nuvo (ABNL) and Grasim Industries to be followed by the listing of Aditya Birla Financial Services (ABFSL). The announcement was made after market hours yesterday, 5 June 2017.

State Bank of India (SBI) has reportedly raised Rs 15000 crore from domestic and foreign institutional investors through qualified institutional placement (QIP) of shares. The IPO closed today, 6 June 2017, morning and is believed to have received demand in excess of Rs 20000 crore, media reported.

SBI announced after market hours yesterday, 5 June 2017, that the meeting of the committee of directors will be held on Thursday, 8 June 2017, to consider and approve the issue price for the equity shares under the QIP. The floor price of the QIP was fixed at Rs 287.58 each for a face value of Re 1 each. The bank said in a statement that it may offer a discount of not more than 5% to the floor price.

Wipro issued clarification to the stock exchanges regarding media news item titled Wipro promoters in early stage of evaluating sale of part or whole business. The company said that the news article is baseless and malicious. There is no truth to these unsubstantiated rumors, it added. The announcement was made after market hours yesterday, 5 June 2017.

Cadila Healthcare announced after market hours yesterday, 5 June 2017, that its formulations manufacturing facility at Baddi has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA). This receipt of EIR indicates the successful closure of the inspection points (483s) raised based on the inspection carried out between 21 February 2017 to 1 March 2017.

The board of Adani Power will meet later today, 6 June 2017, to consider slump sale of its mundra power generating business undertaking to its subsidiary company, namely, Adani Power (Mundra).

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Capital First allots NCDs aggregating Rs 50 crore
Jun 05,2017

Capital First has raised Rs. 50 crore by issue of NCDs on private placement basis. The Debenture Committee vide Resolution passed by Circulation on 05 June 2017 has inter - alia approved allotment of 500 NCDs having Face Value of Rs. 10,00,000/- (Rupees Ten Lacs Only) each.

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Deepak Fertilizers & Petrochemicals Corp director resigns
Jun 05,2017

Deepak Fertilizers & Petrochemicals Corp announced that Rama Iyer, Non- Executive, Independent Director (Age 77 yrs) whose term as an Independent Director is coming to an end on 30 July 2017, has resigned from the Board of Directors w.e.f 2 June 2017 in view of family commitments. The Company has received the letter to that effect on 3 June 2017.

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Siti Networks appoints Executive Director and CEO
Jun 05,2017

Siti Networks has appointed Rajesh Sethi as Executive Director & CEO of the Company with immediate effect.

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Mahindra & Mahindra announce production, sales and export figures
Jun 05,2017

Mahindra & Mahindra announce production, sales and export figures for month of May 2017 -

Production
May 2017 - 44606 units
May 2016 - 43452 units

Sales
May 2017 - 40588 units
May 2016 - 36613 units

Exports
May 2017 - 1293 units
May 2016 - 4043 units

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Gufic BioSciences receives two patent certificates
Jun 05,2017

Gufic BioSciences has received two Patent Certificates from the Intellectual Property India, Patent Office, Government of India granting patents to the Company for the following formulations -

- A Freeze Dried pharmaceutical composition and process for preparation thereof i.e. process for preparation of parental formulation of Anidulafungin.

- A Freeze Dried parental composition of Tigecycline and process for preparation thereof.

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Shah Foods announces appointment of directors
Jun 05,2017

Shah Foods has appointed Bhupendra Dwarkadas Parikh and Hemant Murlidhar Asarpota as Independent, Non-executive Directors on the board at its board meeting held on 29 April 2017.

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Everest Organics manufacturing facility approved by USFDA
Jun 05,2017

Everest Organics announced that the USFDA inspected its manufacturing facility at Aroor Village from 27 February 2017 to 03 March 2017 and the same has been approved.

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Axis Bank allots 52,625 equity shares
Jun 05,2017

Axis Bank has allotted 52,625 equity shares of Rs. 2/- each on 05 June 2017, pursuant to exercise of options under its ESOP Scheme.

The paid up share capital of the Bank will accordingly increase from Rs. 479,35,38,578 (239,67,69,289 equity shares of Rs. 2/- each) to Rs. 479,36,43,828 (239,68,21,914 equity shares of Rs. 2/- each).

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Tata Motors-DVR announces resignation of director
Jun 05,2017

Tata Motors-DVR announce that Ravindra Pisharody has, vide letter dated 05 June 2017, submitted his resignation as Executive Director (Commercial Vehicles) of the Company, and as a Director of the Company and its associated companies for personal reasons.

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Tata Motors appoints COO
Jun 05,2017

Tata Motors announced that Satish Borwankar has been appointed as COO of the Company with immediate effect and his tenure of Executive Directorship would be extended for a period of 2 years from July 2017, subject to shareholders approval.

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UltraTech Cement allots 11,089 equity shares
Jun 05,2017

UltraTech Cement has allotted 11,089 equity shares under ESOP. With this allotment, the equity share capital of the Company stands increased to 27,45,22,835 equity shares of Rs 10 each.

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