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NHPC Board to consider interim dividend for FY 2017
Dec 20,2016

NHPC announced that the Board of Directors of the Company may propose and consider interim dividend on the equity share capital of the Company for the FY 2016-17 in its meeting scheduled to be held on 22 December 2016.

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Maxwell Industries renamed as VIP Clothing
Dec 20,2016

Maxwell Industries has change its name from MAXWELL INDUSTRIES to VIP CLOTHING, the same has been approved by both the stock exchanges where the shares of the company are listed.

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Ankit Metal & Power resumes operations of its factory
Dec 20,2016

Ankit Metal & Power announced that the Companys Factory at Jorehira, Chattna, Bankura, West Bengal which was under temporary suspension of work since 25 February 2016 after successfully trial runs has resumed operations.

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Tata Steel announces resignation of director
Dec 20,2016

Tata Steel announced that Cyrus P. Mistry, Member of the Board of Directors (Board) of Tata Steel has stepped down from the Board with immediate effect.

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63 Moons Technologies announces change in directorate
Dec 20,2016

63 Moons Technologies announced that Nisha Dutt and Miten Mehta, Non-Executive Directors have resigned from the Board of the Company and the same has been accepted by the Board at its meeting held on 20 December 2016.

Jigish Sonagara, Whole-time Director, has also decided to stepdown as Whole-time Director, but has consented to continue on the Board as a Non-Executive Director.

Further, the Company has informed that Justice Deepak Verma, former Judge - Supreme Court of India and Chitkala Zutshi (Retd. IAS) have been appointed as additional Non-Executive Directors.

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Deep Industries announces PE investment of USD 20 mn in subsidiary -Prabha Energy
Dec 20,2016

Deep Industries has signed definitive documents on 19 December 2016 for the proposed primary capital investment by Tridevi Capital Partners (Tridevi) in its subsidiary, Prabha Energy. The investment shall be made through subscription of compulsorily convertible debentures, which shall represent 40% equity stake in Prabha Energy on fully diluted basis upon conversion of equity shares, for a cash consideration of USD 20 million at a total valuation of Prabha Energy at USD 50 million.

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Board of Uttam Value Steels to consider conversion of loan under SDR
Dec 20,2016

Uttam Value Steels announced that meeting of the Board of Directors of the Company is scheduled to be held on 23 December 2016, for the purpose of conversion of loan into equity shares to the lenders under Strategic Debt Restructuring (SDR) circular of RBI as per the decision of Joint Lenders Forum (JLF) of the Company through preferential route in terms of SEBI guideline and to obtain the approval from the shareholders to convert loan into equity shares and such other alied matters.

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Board of Bajaj Hindusthan Sugar approves sale of Co-Gen power business
Dec 20,2016

Bajaj Hindusthan Sugar announced that the Board of Directors of the Company at its meeting held on 20 December 2016, inter alia, considered approval of sale and transfer of Co-generation power business of aggregating capacity of 449 MW located at 14 locations to Lalitpur Power Generation Company (LPGCL), a group Company for a lumpsum consideration in cash of approximately Rs. 1800 crore, as a going concern on slump sale basis in accordance with the Business Transfer Agreement to be entered into with LPGCL.

Entire amount of Cash consideration is proposed to be utilised by Bajaj Hindusthan Sugar towards advance repayment of its existing term debt. The proposed sale and transfer of Co-Gen power business will be subject to approval of members, lenders and all other statutory /regulatory authorities.

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Board of Zensar Technologies approves change in CFO
Dec 20,2016

Zensar Technologies announced that the Board of Directors has, at its meeting held on 20 December 2016, approved the appointment of Manoj Jaiswal as Chief Financial Officer (CFO) of the Company with effect from 16 January 2017 in place of the current CFO S. Balasubramaniam who demits office as a CFO on superannuation.

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Zensar Technologies allots equity shares
Dec 20,2016

Zensar Technologies announced that on exercise of Stock Option by Employees of the Company, the Nomination and Remuneration Committee of the Directors has on 20 December 2016 allotted fully paid up 1,500 Equity Shares of Rs. 10/- each of the Company to its employee.

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Board of D S Kulkarni Developers approves change in directors
Dec 20,2016

D S Kulkarni Developers announced that the Board of Directors of the Company at its meeting held on 20 December 2016 approved the following -

Appointment of Dr Vijaykumar Jagtap as an Additional Director and Independent Director of the Company with effect from 20 December 2016.

Resignation of Uma Anil Panse as an Additional Director and a Woman Independent Director of the Company with effect from 20 December 2016.

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Mercator secures time charter contract
Dec 20,2016

Mercator announced that one of the Companys vessels has secured a time charter contract of total value of about Rs. 120 crore. The period of contract is 4 years (inclusive of Charterers options) and the Charter will commence from January, 2017.

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Jubilant Life Sciences increases price of Beta Picoline, 3-Cyanopyridine and Vitamin B3
Dec 20,2016

Jubilant Life Sciences announced a price increase of up to 15% for its Beta Picoline, 3-Cyanopyridine and Vitamin B3 (Niacin & Niacinamide) with immediate effect, for non-contract customers and wherever existing contracts permit.

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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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