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Corporation Bank intimats of bank strike

Corporation Bank intimats of bank strike

Jul 28,2016

Corporation Bank has been informed by the Indian Banks Association vide their Circular letter dated 12 July 2016, that United Forum of Bank Union (UFBU) has given a call for a strike on 29 July 2016, in support of some of their demands. In view of this, it is likely that the normal functioning of the Banks Branches may get affected.

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Indiabulls Ventures announces appointment of director
Sep 28,2016

Indiabulls Ventures announced that subject to receipt of necessary approvals, Amiteshwar Choudhary has been appointed as a Director, designated as Whole-time Director of the Company, effective from 28 September 2016, for a period of five years.

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CHD Developers gets ratings assigned for FD programme and LT facilities
Sep 28,2016

CHD Developers announced that the Company is in receipt of credit rating for its Fixed Deposit Programme and long term facilities.

Credit Analysis & Research has assigned the following credit rating.

1. CARE BBB (FD) for the fixed Deposit Programme of the Company.

2. CARE BBB for the long term facilities of Company amounting to Rs. 128.57 crore.

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PC Jeweller to open new showroom in Gorakhpur, Uttar Pradesh
Sep 28,2016

PC Jeweller announced that the Company is opening its new showroom on 02 October 2016, at Gorakhpur (U.P), at the following address:

Zahid Building, Golgarh, Gorakhpur (U.P)

After this the Company will have total 66 showrooms located across 53 cities in India.

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IndusInd Bank to exercise call option for redemtion of Tier II Bonds - Series VIII
Sep 28,2016

IndusInd Bank has decided to exercise call option for redemption of Tier II Bonds - Series VIII prior to maturity. The said bonds were issued by the Bank on 31 March 2006 on private placement basis and the maturity date of the bonds is 30 March 2021.

The Record Date for the purpose of payment of redemption proceeds on the Bonds is fixed as 17 October 2016 and the date of redemption / repayment is 01 November 2016.

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Grasim Industries fixes record date for stock split
Sep 28,2016

Grasim Industries has fixed 08 October 2016 as the Record Date for the purpose of sub-division of each Equity Share of the Company having a face value of Rs.10 each fully paid-up into 5 (Five) Equity Shares of the face value of Rs. 2 each fully paid-up.

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R Systems International fixes record date for buyback fo shares
Sep 28,2016

R Systems International has fixed Record Date as 30 September 2016 for the purpose of Buyback of Equity Shares of the Company.

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Pact Industries fixes record date for stock split
Sep 28,2016

Pact Industries has fixed 13 October 2016 as the Record Date for the purpose of Sub-Division / Stock Split of Rs. 10/- per share of the Company into shares of Re. 1/- each.

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Kama Holdings fixes record date for interim dividend
Sep 28,2016

Kama Holdings has fixed 17 October 2016 as the Record Date for the purpose of payment of Interim Dividend.

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Ester Industries intimates of dissolution of Ester International (USA)
Sep 28,2016

Ester Industries announced that Ester International (USA), a wholly owned subsidiary of the Company, has been dissolved voluntarily. Ester International (USA) was not in operation for last several years.

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Shree Ganesh Jewellery House (I) announces resignation of CFO
Sep 28,2016

Shree Ganesh Jewellery House (I) announced that the Chief Financial Officer (CFO) of the Company Ashok Prakash Sahni has resigned from his post w.e.f. close of business hours of 20 September 2019 due to medical reasons.

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Manappuram Finance allots NCDs aggregating Rs 150 crore
Sep 28,2016

Manappuram Finance announced that Financial Resources and Management committee of Board of Directors of the Company allotted 1500 Secured Redeemable Non-Convertible Debentures by way of Private Placement, having face value of Rs. 10,00,000/- each aggregating to Rs. 150 crore (One Hundred and Fifty Crores only) on 27 September 2016.

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LIC Housing Finance announces change in director
Sep 28,2016

LIC Housing Finance announced the following change in directors -

Appointment of V K Sharma as Additional Director and Chairman with effect from 27 September 2016.

Resignation of S K Roy tendered his resignation from Chairmanship as well as Directorship of the Company with effect from 16 September 2016.

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Corporation Bank allots equity shares to GoI
Sep 28,2016

Corporation Bank announced that the Securities Allotment Committee of the Board of the Bank at its meeting held on 28 September 2016, has allotted 12,45,70,868 Equity Shares of Rs.2/- each at a premium of Rs.38.78/- per share i.e. at an issue price of Rs.40.78/- per share to Government of India (i.e. in the name of President of India) on a Preferential basis. Consequent upon this the Issued and Subscribed Capital of the Bank gets raised to 114,70,56,443 Equity Shares and Government of India holding gets increased from 67.20% to 70.76%.

The Equity shares so allotted shall rank pari-passu with the existing equity shares of the Bank including Dividend, if any and the same shall be locked in for a period of 3 years from the date of Trading approval, as per the SEBI(ICDR) Regulations, 2009.

The allotment is made in terms of the provisions of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 issued by Securities and Exchange Board of India (SEBI) and as per consent accorded by the shareholders of the Bank at its Extraordinary General Meeting held on 15 September 2016.

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Cubex Tubings secures order worth Rs 23.50 crore
Sep 28,2016

Cubex Tubings announced that the Company is in receipt of a contract from ORPIC for supply of Cu Nl Tubes for approximate value of Rs 23.50 crore (USD 3.622 million) to be supplied within 36 months.

The Company received the said contract and has initiated necessary steps to execute the same.

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Gokak Textiles allots preference shares
Sep 28,2016

Gokak Textiles announced that the Company on 27 September 2016 has issued and allotted 300,00,000 Non-cumulative Non-convertible, Redeemable Preference Shares of face value Rs. 10 each on private placement basis to the Promoter, Shapoorji Pallonji and Company.

The said Preference Shares are not proposed to be listed on stock exchanges.

In view of the above the issue and allotment, the issued, subscribed and paid up capital of the Company has increased from Rs. 46,49,93,080 to Rs. 76,49,93,080 comprising of 64,99,308 equity shares of Rs. 10 each and 7,00,00,000 non cumulative non convertible redeemable preference shares of Rs. 10 each.

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