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Board of Ventura Textiles approves preferential allotment of shares
May 12,2017

The Board of Directors of Ventura Textiles at its meeting held on 11 May 2017 has approved the allotment of not exceeding 10 lakh equity shares of face value of Rs 10 each on preferential basis to Asha Umakant Vasaikar.

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Ujjivan Financial Services allots 34,022 equity shares
May 12,2017

Ujjivan Financial Services has allotted 34,022 Equity Shares of Rs. 10/- each towards the exercise of vested stock options under various ESOP Schemes of the Company. The paid up capital has increased from Rs 119.51 crore to Rs 119.55 crore.

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Board of Gujarat Pipavav Port approves change in directors
May 12,2017

The Board of Directors of the Gujarat Pipavav Port at its meeting held on 11 May 2017 has appointed David Skov and Jan Damgaard Sorensen as Directors in place of Rizwan Soomar and Ahmed Hassan respectively. They are Directors representing the promoter company APM Terminals.

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Board of Integra Engineering India accepts resignation of director
May 12,2017

The Board of Directors of Integra Engineering India has accepted the resignation of Satish Parekh as Whole Time Director of the Company with immediate effect.

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Board of Stylam Industries approves preferential allotment of 8.5 lakh equity shares
May 12,2017

Stylam Industries announced that the Board of Directors of the Company at its meeting held on 11 May 2017 has considered and approved allotment of 8,50,000 Equity shares (Issue Shares) of Rs. 10 each, on a preferential basis for cash at a price of Rs. 601/- (Rupees Six Hundred One Only) per Issue Share aggregating upto Rs. 51,08,50,000/- (Rupees Fifty One Crore Eight Lakh Fifty Thousand Only), including premium of Rs. 591/- (Rupees Five Hundred Ninety One Only) per Issue Share, to non-promoters (Lighthouse Emerging India Investors).

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Board of Foods & Inns approves change in directorate
May 12,2017

Foods & Inns announced that the Board of Directors of the company at its meeting held on 11 May 2017 has appointed Deepak Mohla, as Independent Director to fill the casual vacancy caused due to the death of Dadi Engineer who was Independent Director.

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Wipro allots 1,43,020 equity shares
May 11,2017

Wipro has allotted 1,43,020 equity shares under ADS Restricted Stock Unit Plan 2004, 11,304 equity shares under Restricted Stock Unit Plan 2007 and 3,000 equity shares under Restricted Stock Unit Plan 2005 to the employees on May 11, 2017 pursuant to exercise of ESOPs.

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Max India to raise Rs 300 crore from Sponsor
May 11,2017

Max India announced that it will raise funds from its Sponsor, Max Groups Founder and Chairman Emeritus Analjit Singh, by issuing warrants amounting to Rs. 300 crore at Rs. 154.76 per share of Max India, priced in accordance with SEBI guidelines. The total number of warrants issued will be 1,93,84,854 which translates to approx. 4% stake in the company for the Sponsors.

The Sponsors shareholding in the Company will increase to 45.12% as a result of this transaction.

A significant portion of the proceeds from this transaction will be utilized by Max India to acquire a 3.75% stake in its flagship business Max Healthcare (MHC) from International Finance Corporation (IFC), which owns a 7.5% stake in the latter company. IFCs balance 3.75% stake in MHC will be acquired by Max Indias joint venture partner in MHC - the Life Healthcare Group, which is South Africas second largest hospital chain. The total consideration for the stake acquisition will be Rs. 423 crore, translating to Rs. 105 per share of MHC.

IFC has been a long-standing investor in MHC, who acquired stakes in multiple tranches over a period of 10 years. Post acquisition, both JV partners stake in MHC will increase to 49.7% each.

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Saven Technologies provides update on its JV Penrillian, UK
May 11,2017

Saven Technologies announced that its joint venture, Penrillian, UK informed the Company that due to decline in its financial position, the Joint Venture has decided to go for Voluntary Liquidation and appointed Insolvency Practitioner to commence the procedure for the same with effect from 10 May 2017.

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Sanwaria Agro Oils appoints CFO
May 11,2017

Sanwaria Agro Oils has appointed Anil Kumar Vishwakarma as Chief Financial Officer of the Company appointed in the Board Meeting held on 03 May 2017

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NPR Finance to hold board meeting
May 11,2017

NPR Finance will hold a meeting of the Board of Directors of the Company on 22 May 2017.

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Pearl Global Industries to hold board meeting
May 11,2017

Pearl Global Industries will hold a meeting of the Board of Directors of the Company on 26 May 2017.

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Kinetic Trust to hold board meeting
May 11,2017

Kinetic Trust will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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Titagarh Wagons to hold board meeting
May 11,2017

Titagarh Wagons will hold a meeting of the Board of Directors of the Company on 19 May 2017.

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Triveni Turbine to hold board meeting
May 11,2017

Triveni Turbine will hold a meeting of the Board of Directors of the Company on 18 May 2017.

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