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Shares of India Tourism Development Corporation to list on NSE
Dec 29,2016

India Tourism Development Corporation announced that the listing of Equity Shares of ITDC in NSE has been approved vide its letter dated 28 December 2016 and the equity shares shall be listed and admitted to dealings on NSE w.e.f. 30 December 2016.

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Rajesh Exports bags export order worth Rs 929 crore
Dec 29,2016

Rajesh Exports has bagged an export order worth Rs 929 crore of designer range of gold and diamond studded jewellery and medallions from UAE. The order is said to be completed by March 2017.

With this order, the order book at the consolidated level stands at Rs 36523 crore which is to be executed by March 2017.

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MF Utilities powered by Intellect wins Banking Technology Award 2016
Dec 29,2016

Intellect Design Arena announced that MF Utilities has won the Banking Technology Award 2016 in the Best Industry Infrastructure Initiative Category. MF Utilities has recognised the effort of Intellect in providing the distribution software solution in its objective to bring in efficiency and cost effectiveness in the Indian Mutual Fund Industry. The award was presented at an event in London.

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Board of Mandhana Industries appoints directors
Dec 29,2016

Mandhana Industries announced that the Board of Directors of the Company at its meeting held on 28 December 2016 has approved the appointment of Jeenendra Bhandari, Chandrakant Shetty and Pandharinath Parab as Additional Directors (Non Executive and Independent Directors) of the Company.

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Goa Carbon resumes operations at Bilaspur Plant
Dec 29,2016

Goa Carbon announced that the operations at the Companys Bilaspur Plant located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur, Chhattisgarh have commenced from 27 December 2016.

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Phoenix Mills acquire balance stake holding in subsidiary - Island Star Mall Developers
Dec 29,2016

Phoenix Mills announced that Island Star Mall Developers (ISMDPL) is a wholly owned subsidiary of the Company wherein the Company is directly holding 91.28% shareholding and remaining 8.72% equity shareholding is held by Pinnacle Real Estate Development (PREDPL), another wholly owned subsidiary of the Company.

In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has acquired 8.72% equity stake in ISMDPL from PREDPL on 28 December 2016.

Subsequent to the aforesaid acquisition, the direct equity stake of the Company in ISMDPL has increased from 91.28% to 100% and ISMDPL continues to remain a wholly owned subsidiary of the Company.

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Reliance Industries commissions 1st phase of Para-xylene (PX) plant
Dec 29,2016

Reliance Industries has commissioned the first phase of Para-xylene (PX) plant at Jamnagar, Gujarat.

The plant with capacity of 2.2 MMTPA is built with state-of-the-art crystallisation technology from BP which is high energy efficient and environment friendly. With the commissioning of this plant, the Companys PX capacity will more than double from 2.0 MMTPA to 4.2 MMTPA. On commissioning of entire PX capacity, Reliance will be the worlds second largest PX producer with 9% of global PX capacity and 11% share of global production.

The new PX capacity will add value to the output from refiners and improve the profitability of the Jamnagar Complex. PX is the building block for the entire polyester chain. The new capacity will complete the integration within Reliances polyester value chain, leading to improved margins and also strengthen its position in polyester industry globally.

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Lakshmi Vilas Bank to consider QIP closure and issue price
Dec 29,2016

Lakshmi Vilas Bank announced that a meeting of the Committee of Directors for Capital Raising of the Bank (the n++Committeen++) will be held on 31 December 2016 to inter alia consider the following resolutions:

a. To approve the closure of the QIP;

b. To approve the issue price including a discount, if any thereto as permitted under the SEBI ICDR Regulations for the Equity Shares to be allotted to qualified institutional buyers pursuant to the QIP; and

c. To approve and adopt the placement document in connection with the QIP.

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Pratibha Industries to consider allotment of shares under SDR
Dec 28,2016

Pratibha Industries announced that a Meeting of the Board of Directors of the Company shall be held on 04 January 2017, inter-alia, to consider and approve, the issue and allotment of shares on preferential basis to the Lenders of the Company under Strategic Debt Restructuring (SDR) scheme for which approval of the members of the Company have already been taken vide Special Resolution passed through postal ballot concluded on 05 November 2016.

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JMC Projects (India) secures new orders
Dec 28,2016

JMC Projects (India) announced that the Company has secured new orders worth Rs 1457 crore as follows -

Shipyard modernisation project in Goa worth Rs 454 crore; flyover project in Maharashtra worth Rs 446 crore; commercial project in Hyderabad worth Rs 282 crore; residential project in Bangalore worth Rs 224 crore; and educational building project in Amravati (Andhra Pradesh) worth Rs 51 crore.

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Sastasundar Ventures to consider merger of subsidiaries
Dec 28,2016

Sastasundar Ventures announced that a meeting of the Board of Directors of the Company will be held on 05 January 2017 to inter-alia consider, discuss and approve the following matters:

1. Approve the Postal Ballot Notice.

2. The proposed merger of certain subsidiary companies with the Company.

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Cadila Healthcare provides update on subsidiary - Zydus Healthcare
Dec 28,2016

Cadila Healthcare announced that its subsidiary, Zydus Healthcare has acquired six brands from MSD and its subsidiaries. The brands are DECA-DURABOLIN, DURABOLIN, SUSTANON, MULTILOAD, SICASTAT and AXETEN range, which fall in the mens health, womens health, wound management and cardiovascular therapy segments respectively.

The deal includes transfer of distribution and commercialisation rights and assignment of trademarks of all the six brands to Zydus Healthcare in India. As part of the deal, Oregaon (India), one of the legal subsidiaries through which MSD operates its business in India has also transferred the distribution and commercialisation rights through DECA-DUROBOLIN and DURABOLIN to Zydus for Nepal.

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Tata Chemicals intimates of withrdrawal of credit ratings
Dec 28,2016

Tata Chemicals announced that India Ratings and Research has withdrawn the Companys LongTerm Issuer Rating to IND AA+. The Outlook was Stable. IndRa will no longer provide ratings or analytical coverage for TCL.

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Riga Sugar Company to consider conversion of warrants
Dec 28,2016

Riga Sugar Company announced that a meeting of the Committee for Issue of Shares / Warrants of the Company has been convened to be held on 30 December 2016 to consider inter alia conversion of Warrants into Equity Shares, which were allotted to the Promoter Group on preferential basis on 30 March 2016.

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Board of Vindhya Telelinks to consider proposal for issue of debt securities upto Rs 150 cr
Dec 28,2016

Vindhya Telelinks announced that the next Board Meeting of the Company is scheduled to be held on 03 January 2017, interalia, to consider and approve proposal for issuance of Bonds/Redeemable Non-convertible Debentures (NCDs)/other Debt Securities on private placement basis, in one or more tranches, aggregating upto Rs. 150 crore subject to approval of members through postal ballot.

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