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Supreme Holdings & Hospitality announces change in directorate
Dec 20,2016

Supreme Holdings & Hospitality announced that Prateek Jatia has resigned as Executive Director & Director with effect from 19 December 2016. Prateek Jatia has cited personal reasons for his stepping down.

However, Prateek Jatia will continue to serve as CFO of the Company.

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Bhageria Industries provides update on solar power project in Ahmednagar
Dec 20,2016

Bhageria Industries has competed the financial tie up of a loan of Rs. 95 crore from Export Import Bank of India (EXIM Bank) on the terms and conditions as per their sanction letter dated 06 December 2016 and approved by the Board of Directors at its meeting held at companys Registered office on 20 December 2016, for companys 30 MW Solar Power Project being setup at Ahmednagar in Maharashtra and the Loan/Facilities documentation are being executed with the lender for this purpose.

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MIC Electronics secures patent for its solar rechargeable LED lantern
Dec 20,2016

MIC Electronics announced that the Company have been granted a patent by the Controller General of Patents, Designs & Trademarks, Intellectual Property of India, for an invention entitled SOLAR RECHARGEABLE LED LANTERN for a period of 20 years commencing from 25th day of August, 2008.

This Solar LED product is a portable one embedded with multiple applications. Highly advantageous for rural habitants.

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Pennar Engineered Building Systems approves appointment of director
Dec 20,2016

Pennar Engineered Building Systems announced that the Board of Directors of the Company have passed the following resolutions by circulation on 14 December 2016:

1. Approval for Appointment of Eric James Brown as an Additional Director

2. Increase of Initial Public Offer (IPO) Expenses

3. Approval of the Postal Ballot exercise for the following resolutions

a) Appointment of Eric James Brown as Director for consideration of Shareholders
b) Appointment of Eric James Brown as Independent Director
c) Increase of Initial Public Offer Expenses
d) Serve the documents on members pursuant to section 20 of the Companies Act 2013.

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Hindusthan Urban Infrastructure gets assigned ratings for bank facilities
Dec 20,2016

Hindusthan Urban Infrastructure has been assigned the following ratings by CARE -

Long term bank facilities (Rs 157.52 crore) - CARE BBB
Long term/ short term bank facilities (Rs 401.15 crore) - CARE BBB/ CARE A2

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Reliance Home Finance announces maiden public issue of secured and unsecured NCDs
Dec 20,2016

Reliance Home Finance announced its maiden public issue offering Secured Redeemable Non-Convertible Debentures (Secured NCDs) and Unsecured Redeemable Non-Convertible Debentures (Unsecured NCDs).

The Company proposes to raise Rs 1000 crore (USD 14.7 million), as base issue size, by offering secured NCDs and unsecured NCDs at a face value of Rs 1000 each. The unsecured NCDs will be in the nature of subordinated debt and will be eligible for inclusion as Upper Tier II Capital.

The NCDs will be issued in one or more tranches up to the shelf limit, on terms and conditions as set out in the Tranche 1 Prospectus.

The Company will used the amount for the purpose of lending, financing, and for repayment of interest and principle of existing borrowings and for general corporate purposes.

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Indo Thai Securities to conduct business review
Dec 20,2016

Indo Thai Securities announced that a meeting of the Board of Directors of the Company is scheduled to be held on 21 December 2016 to transact incidental & ancillary matters relating to the Business of the Company.

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IL&FS Transportation Networks provides project update
Dec 20,2016

IL&FS Transportation Networks announced that its subsidiary and SPV, GRICL Rail Bridge Development Company mandated for undertaking the development of 8 railway over bridges (RoBs) in the State of Gujarat under PPP Mode on Annuity basis (the project) by R&B Department, Government of Gujarat, has achieved financial tie-up of loans aggregating Rs 188 crore for the project. Loan agreements have been entered into with a consortium of bankers on 15 December 2016.

The project is on annuity basis with a concession period of 17.5 years and the estimated cost of the project is Rs 250.85 crore. The Semi- Annual annuity payable will be Rs 21.99 crore for a period of 15 years.

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Tata Motors announces resignation of director
Dec 20,2016

Tata Motors announced about a letter of resignation from the Companys Chairman, Cyrus Mistry dated 19 December 2016 tendering his resignation with immediate effect.

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Tata Chemicals director resigns
Dec 20,2016

Tata Chemicals announced that Cyrus P. Mistry has tendered his resignation as a Director on the Board of the Company with immediate effect.

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Tata Global Beverages announces resignation of director
Dec 20,2016

Tata Global Beverages announced that Cyrus P. Mistry, Non - Executive Director of Tata Global Beverages has resigned from the Board of the Company with immediate effect.

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Board of Cipla approves raising of funds upto Rs 4000 crore
Dec 20,2016

Cipla announced that the Board of Directors of the Company at its meeting held on 19 December 2016 has approved the following -

Raising funds up to Rs 2000 crore by issue of equity shares or ADRs or GDRs or FCCBs or other securities/ financial instruments whether denominated in Indian Rupee and/or foreign currency(ies), through a public issue or a private placement in accordance with the provisions of the applicable law; and

Raising funds up to Rs 2000 crore by issue of NCDs (in the form of bonds or otherwise) or bonds, whether denominated in Indian Rupee and/or foreign currency(ies), through a public issue or a private placement in accordance with the provisions of the applicable law.

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Board of G M Breweries to consider Q3 & 9M results
Dec 20,2016

G M Breweries announced that a meeting of the Board of Directors of the Company is scheduled to be held on 05 January 2017, to consider and to take on record interalia the unaudited Financial Results for the quarter/Nine months ending 31 December 2016.

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Apar Industries commences trail production at its new plant
Dec 20,2016

Apar Industries announced that the Company has started trial production of its Conductors during September 2016 at its new plant in Jharsuguda, in the State of Odissa.

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Indo Count Industries Executive Chairman wins Best CEO (Textile & Apparel) Award 2016
Dec 20,2016

Indo Count Industries announced that Anil Kumar Jain, Executive Chairman, was honoured with n++Business Today Best CEO (Textiles & Apparel)n++ Award for the year 2016.

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