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Board of Tamilnadu Jai Bharath Mills approves change in directorate
Dec 24,2016

Tamilnadu Jai Bharath Mills announced that the Board of Directors at its meeting held on 24 December 2016 has accepted the resignation of Shri.D.Senthilkumar as a Whole-Time Director and to continue as a Director of the Company with effect from 24 December 2016.

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Board of Jay Energy & S Energies to appoints directors
Dec 24,2016

Jay Energy & S Energies announced that a meeting of the Board of Directors of the Company will be held on 02 January 2017, inter alia, to transact the following business;

1. To appoint Jitendrasingh H. Rathod as an additional Director of the Company.

2. To appoint Silaben Lalluram Sharma as an additional Director of the Company.

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Board of Jay Energy & S Energies to appoint directors
Dec 24,2016

Jay Energy & S Energies announced that a meeting of the Board of Directors of the Company will be held on 02 January 2017, inter alia, to transact the following business;

1. To appoint Jitendrasingh H. Rathod as an additional Director of the Company.

2. To appoint Silaben Lalluram Sharma as an additional Director of the Company.

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Board of Parle Software reviews performance and financial operations
Dec 24,2016

The Board of Directors of Parle Software at its meeting held on 23 December 2016 discussed financial operations and reviewed company performance.

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Outcome of board meeting of Jindal Stainless
Dec 24,2016

Jindal Stainless announced that the Board of Directors of the company at its meeting held on 23 December 2016 approved the following -

Issuance of equity shares to the Lenders of the Company for an aggregate amount of Rs 250 crore on preferential basis on conversion of funded interest term loan.

Issuance of preference shares to the Lenders of the Company for an aggregate amount fo Rs 650 crore (approx.) on preferential basis on conversion of funded interest term loan I & II.

Issuance of compulsorily convertible debentures to promoter group of the Companies on preferential basis -

- Jindal Stainless (Hisar) for an amount of up to Rs 250 crore
- Jindal United Steel for an amount of up to Rs 120 crore and
- Jindal Coke for an amount of up to Rs 60 crore.

- Issuance of compulsorily convertible warrants to promoter group of companies on preferential basis for an aggregate amount of Rs 75 crore.

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Sudarshan Chemical Industries gets upgradation in Company rating
Dec 24,2016

Sudarshan Chemical Industries announced that India Ratings & Research have upgraded the Company rating to IND A+; Outlook Stable w.e.f. 23 December 2016.

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Ruchi Soya Industries gets revision in ratings for bank facilities
Dec 24,2016

Ruchi Soya Industries announced that Credit Analysis and Research has revised the rating of the company as under -

Long term bank facilities - CARE D (Revised from CARE B)
Long term/ short term bank facilities - CARE D/ CARE D (Revised from CARE B/ CARE A4)

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Gajra Bevel Gears appoints company secretary & compliance officer
Dec 24,2016

Gajra Bevel Gears has appointed CS Shruti Singh, as a Company Secretary and Key Managerial Person and further as a Compliance Officer of the Company w.e.f. 23 December 2016 through resolution passed by Circulation on 23 December 2016 by the Board of Directors.

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ONGC Board approves acquisition of GSPCs stake and operations in Block KG-OSN-2001/3
Dec 24,2016

Oil & Natural Gas Corpn and Gujarat State Petroleum Corporation have engaged in discussion on a potential transaction for purchase by ONGC of GSPCs stake and operations in NELP - III Block KG-OSN-2001/3 in Krishna Godavari (KG) Basin offshore.

The Board of Oil & Natural Gas Corpn on 23 December 2016 considered and approved the acquisition of entire 80% participating interest of GSPC along with operatorship rights, at a purchase consideration of USD 995.26 million for Deen Dayal West Field in the Block. ONGC shall also pay part consideration of USD 200 million to GSPC towards future consideration for six discoveries other than Deen Dayal West Field, which would be adjusted upon valuation of these discoveries subsequent to approval of their Field Development plans by DGH/ Management Committee of the Block.

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Gujarat Narmada Valley Fertilizers & Chemicals completes Safety Audit for TCI-II Plant at Dahej
Dec 24,2016

Gujarat Narmada Valley Fertilizers & Chemicals announced that Safety Audit of TDI-II Plant, Dahej by Internationally reputed Company Lloyds Registers has been completed. The TDI technology supplier Chematur A.B. Sweden, has reviewed the corrective actions / modifications suggested by Lloyds Registers and currently the same are under implementation. The plant will be restarted as early as possible after implementing all corrective actions / modifications and ensuring safety and security of the plant.

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Yes Bank raises Rs 3000 cr in Tier-I Capital
Dec 24,2016

Yes Bank has placed Rs 3000 crore Basel III Compliant Additional Tier-I Bonds through private placement against the base issue size of Rs 2100 crore. The bonds carry a coupon rate of 9.50% p.a. With this capital raising, Yes Banks Tier I Capital Ratio will be at 12%.

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Board of Sasken Communication Technologies provides update on buyback of shares
Dec 24,2016

Sasken Communication Technologies announced that the Buyback Committee of the Board of Directors, at its meeting held on 23 December 2016, inter alia, considered the following:

- Fixed the Buyback Price of Rs 410 (the Buyback Price) and the total consideration for Buyback to be Rs. 120.04 crore (the Buyback Size) excluding the transaction costs viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty etc., the total number of Equity Shares to be bought back in the Buy-back shall be 29,27,879 Equity Shares, representing 16.52% of the total issued and paid-up equity share capital of the Company as on 31 March 2016.

The aforesaid terms of Buy-back are within the maximum limits approved by the Board of Directors at its meeting held on 27 October 2016 and as approved by shareholders by special resolution, through postal ballot, results of which have been announced on 23 December 2016.

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Sidh Automobiles provides update on subsidiary
Dec 24,2016

Sidh Automobiles announced that name of its subsidiary Company Urban Organic Products, has been changed to Wholly Organic Products with effect from 20 December 2016.

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Welspun Enterprises sells its entire investment in Welspun Energy
Dec 24,2016

Welspun Enterprises announced that the Board of Directors of the Company has, subject to the approval of the members of the Company, approved sale of its entire investment of 60,493,342 equity shares representing 15.49% in the paid up equity share capital of Welspun Energy.

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HCL Technologies allots equity shares
Dec 24,2016

HCL Technologies announced that the Employees Stock Option Allotment Committee of the Company has on 23 December 2016 allotted 41,680 Equity Shares of Rs.2/- each under the 2004 Stock Option Plan of the Company.

Consequent to the said allotment the paid-up share capital of the Company has gone up to 1,411,197,994 equity shares of Rs.2/- each aggregating to Rs. 2,822,395,988/-.

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