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Praj Industries allots 59,160 equity shares
Apr 26,2017

Praj Industries has allotted 59,160 equity shares under ESOP on 26 April 2017. Consequently, the total issued share capital has increased to 179,503,348 equity shares of Rs 2 each to Rs 35.90 crore.

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Tata Communications announces appointment of Chairperson
Apr 26,2017

Tata Communications announced the appointment of Renuka Ramnath as the new Chairperson of the Board of Directors and the successor to Subodh Bhargava.

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Kolte-Patil Developers signs its largest private society redevelopment project
Apr 26,2017

Kolte Patil Developers has strengthened its Mumbai presence by signing its largest private society redevelopment project till date, Dahisar Shree Avadhoot Co-operative Housing Society, having a plot area of 15,035 square meters. Kolte Patils economic interest in this project is 4 lakh square feet.

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NIIT Technologies partners with Thailand based Siam City Cement Company
Apr 26,2017

The Thailand based cement manufacturer, Siam City Cement Company has partnered with NIIT Technologies for building its future ready IT infrastructure. Supporting the digital transformation for SCCC, NIIT Technologies has designed, delivered and is operating its private and public cloud infrastructure.

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Board of IDFC Bank approved raising of LT funds up to Rs 10000 crore
Apr 26,2017

IDFC Bank announced that the Board of Directors of the Company at its meeting held on 25 April 2017 has granted its approval for borrowing / raising long term funds by issue of redeemable Non-Convertible Debentures and other debt instruments, including instruments eligible for capital benefits under BASEL III norms, on private placement basis, up to an amount not exceeding Rs.10,000 crore, in one or more tranches, in domestic / overseas market, over a period of 1 year, within the overall borrowing limit of Rs. 1,50,000 crore as approved by the Shareholders of the Bank. The aforesaid securities post allotment would be listed on NSE and / or BSE. The aforesaid issue shall be subject to the approval of the Shareholders at the ensuing Annual General Meeting and any other regulatory approvals as may be applicable.

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Crest Ventures acquires 20% stake in BVA Strategy Advisors
Apr 26,2017

Crest Ventures has acquired 3,913 Equity Shares i.e. a stake of 20% in BVA Strategy Advisors (BVA) at a total consideration of Rs. 89,99,900/- pursuant to which BVA has become an Associate Company of CVL w.e.f. 24 April 2017.

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Suzlon Energy announces ratings assignment for proposed CP issue of Suzlon Global Services
Apr 26,2017

Suzlon Energy announced that CARE has assigned a CARE A1+ (structured obligation) ratings for the proposed commercial paper issue of Rs 50 crore of Suzlon Global Services.

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Outcome of board meeting of Bombay Rayon Fashions
Apr 26,2017

Bombay Rayon Fashions announced that the Board of Directors of the Company at its meeting held on 25 April 2017 has approved the following -

Issuance of equity shares upto 48,26,982 of face value of Rs. 10/- each on preferential basis in accordance with Chapter VII of SEBI (ICDR) Regulation, 2009, pursuant to conversion of Working Capital term loans (WCTL) and/or Funded Interest Term Loans (FITL) by the CDR package to the lenders who may not exercise their rights within the validity period of the resolution approved by shareholders of the Company at the Extra-ordinary General Meeting held on 09 May 2016.

Issuance of equity shares upto 126,655,304 on preferential basis, in accordance with Chapter VII of SEBI (ICDR) Regulations, 2009 and other applicable provisions of the Companies Act, 2013, representing 39.89% of the expanded share capital and such number of Optionally Convertible Debentures (OCDs) of face value Rs. 1000/- each not exceeding Rs. 410 crore to the Lenders under Scheme for Sustainable Structuring of Stressed Assets (S4A scheme).

Convening of Extra-ordinary General Meeting on 20 May 2017 for approving the interalia above mentioned matters.

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HDFC Bank allots 2363400 equity shares
Apr 26,2017

HDFC Bank has allotted 2363400 equity shares to the employees of the Bank pursuant to exercise of options under its Employees Stock Options Schemes (ESOS). The paid up share capital of the Bank will accordingly increase from Rs. 5125091434 equity shares of Rs 2/- each to Rs. 5129818234 equity shares of Rs 2/- each.

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EID Parry (India) provides update on scheme of amalgamation
Apr 26,2017

EID Parry (India) announced that following NCLT sanctioning the scheme of amalgamation of the Companys subsidiary, Parrys Sugar Industries with EID Parry (India ), the Company has filed on 25 April 2017 e-form No INC 28 with the Registrar of Companies, Chennai along with the Certified True Copy of the sanction Order. As Parrys Sugar Industries has also filed the e-form No INC 28 with the Registrar of Companies, Bengaluru, the Scheme has become effective from 25 April 2017 with the appointed date of 01 April 2016.

Consequent to the Scheme becoming effective, the authorized share capital of the Company stands increased from Rs 2,62,50,00,000/- (Rupees Two Hundred and Sixty Two Crores Fifty Lakhs Only) to Rs 4,37,50,00,000/-. The increase represents the authorized share capital of the Transferor Company, Parrys Sugar Industries. This has been effected in clause v of the memorandum of association of the Company.

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Va Tech Wabag provides update on subsidiary
Apr 26,2017

Va Tech Wabag announced that VA Tech Wabag (Spain) S.L.U, Spain, the Companys wholly owned subsidiary is liquidated.

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Mahindra & Mahindra intimates of new subsidiary - Mahindra Automotive North America Inc., USA
Apr 26,2017

Mahindra & Mahindra announced that Mahindra Overseas Investment Company (Mauritius), a wholly owned subsidiary of the Company, has acquired 100% of the Equity Share Capital of Mahindra Automotive North America Inc. (MANA) in USA. In view of this, MANA has become a wholly owned subsidiary of MOICML and in turn, of the Company with effect from 25 April 2017.

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Brigade Enterprises opens QIP issue
Apr 26,2017

Brigade Enterprises announced that the Committee of Directors of the Company on 25 April 2017 has passed the following resolutions -

Authorising the opening of QIP on 25 April 2017.

Approving and adopting the preliminary placement document dated 25 April 2017 in connection with the QIP.

Approval of the floor price for the QIP.

Relevant data for QIP is 25 April 2017. Floor price is Rs 239.20 per equity share.

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Dilip Buildcon incorporates three SPV companies
Apr 26,2017

Dilip Buildcon has incorporated three separate SPV companies for the respective projects of National Highways Authority of India in a single stretch in the state of Maharashtra.

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Indian Hotels Co announces resignation of director
Apr 25,2017

Indian Hotels Co announced that Shapoor Mistry has resigned as a Director of the Company with immediate effect.

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