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Titan Company gets High Court approval for scheme of arrangement
Feb 20,2017

Titan Company announced that Honble High Court of Madras has sanctioned the Scheme of Arrangement between Titan Company and Titan Engineering & Automation for transfer of Precision Engineering Business Undertaking of the Titan Company to Titan Engineering & Automation in terms of an order passed on 12 December 2016.

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Zee Learn allots 24723 equity shares
Feb 20,2017

Zee Learn announced that the ESOP Allotment Sub-Committee of the Company at its meeting held on 20 February 2017 has approved allotment of total 24,723 equity shares consisting of 16,598 Equity Shares of Re. 1/- at an exercise price of Rs. 20.85 per Equity Share; 8,125 Equity Shares of Re. 1/- at an exercise price of Rs. 35.25 per Equity Share; under the ZLL ESOP 2010 - AMENDED 2015 Scheme.

Consequent to the above allotment, the paid up share capital of the Company has increased from 321,536,058 equity shares of Re. 1/- each aggregating Rs. 321,536,058/- to 321,560,781 equity shares of Re. 1/- each aggregating Rs. 321,560,781/-.

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India Finsec provides update on proposed public issue of subsidiary IFL Enterprises
Feb 20,2017

India Finsec announced that IFL Enterprises (Subsidiary of India Finsec) has been granted in-principle approval by BSE to the proposed Public issue of 16,26,000 Equity Shares of Rs. 10/- each for cash at a price of Rs. 20 per Equity Share (including a share premium of Rs.10 per Equity Share) aggregating to Rs. 325.20 Lakhs on BSE SME Platform.

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Maruti Suzuki Smart Hybrid Vehicles reach sales milestone
Feb 20,2017

Maruti Suzuki India announced that its Smart Hybrid Vehicles - Ciaz SHVS and Ertiga SHVS - have crossed sales of 1 lakh units this month. This marks the success of Maruti Suzukis efforts in hybrid and electric mobility in India.

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Uflex wins ABP News CSR Leadership honours
Feb 20,2017

Uflex has been conferred with two top honours for its social and environmental sustainability initiatives at the ABP News CSR Leadership Awards 2017.

Uflexs Natural Resources Conservation & Optimization of Ecosystem Services intervention was acknowledged as the Best Environment Friendly Project.

Sports for Growth by Uflex was adjudged as the Best Corporate Social Responsibility Initiative in Sport.

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Ashoka Buildcon provides update on subsidiary - Ashoka Concessions
Feb 20,2017

Ashoka Buildcon announced that Ashoka Concessions (ACL), a subsidiary of the Company, has apprised the Company that ACL, in terms of the contractual requirements between ACL and its shareholders and to bolster its capital, ACL is evaluating various options and is planning to commence discussions with potential investors shortly to explore such options. Further, note that the Company along with Macquarie SBI Infrastructure Investment and SBI Macquarie Infrastructure Trust holds the share capital and compulsorily convertible debentures of ACL.

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Deepak Fertilizers & Petrochemicals Corp starts commercial production at new facility
Feb 20,2017

Deepak Fertilizers & Petrochemicals Corp has started commercial production of its new grade of NPK fertilizers under its flagship brand Mahadhan.

The new manufacturing facility at Taloja is installed with the latest INCRO technology and has a provision of manufacturing multiple grades of fertilizers. Being a brown field project, significant cost optimisation is achieved and the total investment is below Rs 800 crore. This is the only fertilizer plant in India that has one-of-its-kind fully automated bagging facility. The new state-of-the-art facility is set to augment Companys production capacity by almost 4 times, from 3 lakh tonnes to 11 lakh tonnes in a phased manner.

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Board of Prabhat Telecoms (India) recommends borrowing money upto Rs 300 crore & alteration in object clause
Feb 20,2017

Prabhat Telecoms (India) announced that the Board of Directors of the Company at its meeting held on 18 February 2017 has transacted the following -

Recommended for approval of shareholders, to borrow money in excess of paid up share capital and free reserves upto Rs 300 crore to meet working capital requirements and capital expenditure programme.

Recommended for approval of shareholders, to alter the object clause of the Memorandum of Association to include E-commerce Business of cosmetics, computer accessories, fashion and travel accessories, household products etc.

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Outcome of board meeting of Orissa Sponge Iron & Steel
Feb 20,2017

Orissa Sponge Iron & Steel announced that the Board of Directors of the Company at its meeting held on 18 February 2017 has approved the following -

Appointment of Anurag Tulsyan as Additional Independent Director of the Company.

Allotted 12,90,000 equity shares of Rs 10 each after conversion of equal no. of warrants.

Recalled decision dated 14 August 2014 in respect of allotment of cumulative redeemable non convertible preference shares and consequently cancelled preference shares allotted to Monet Ispat & Energy and Torsteel Services, as the allotment was not in accordance with the provision of the Companies Act 2013.

Fixed EGM on 18 March 2017.

Appointed Ankur Gupta as Company Secretary with effect from 01 March 2017.

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Moschip Semiconductor Technology signs binding MoU for establishment and maintenance of Smart Center in Amaravathi, Andhra Pradesh
Feb 20,2017

Moschip Semiconductor Technology has signed a binding MoU for establishment and maintenance of Smart Center with Centralised Command and Monitoring System in Amaravathi, state of Andhra Pradesh on sub-contracting basis. The total value of the sub-contract is Rs 83 crore to be implemented in 24 months, providing CCMS solution to selected Gram Panchayats in the State of Andhra Pradesh.

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Integrated Capital Services BTG Global Advisory announces further expansion
Feb 20,2017

Integrated Capital Services BTG Global Advisory (www.btgga.com), a UK based Company limited by guarantee, of which Integrated Capital Services (ICSL) is a founder member, announced further expansion of its global reach with the appointment of TCP LATAM, a management and investment boutique focused on middle market companies in special situations in Brazil and South America.

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Board of MIC Electronics approves increase in authorised capital and conversion of debt
Feb 20,2017

MIC Electronics announced the Board of Directors of the Company at its meeting held on 18 February 2017, approved the following:

1. Increasing the Authorised Share Capital of the company by Rs. 4 crore.

2. Conversion of Debt into Equity by way of issue of 4,32,93,974 (Four Crores Thirty Two Lakhs Ninety Three Thousand Nine Hundred and Seventy Four) equity shares at issue price of Rs. 20/- per share (Face Value of Rs. 2/- each at premium of Rs. 18/- each).

3. Calling for Extra-ordinary General Meeting of the Company scheduled to be held on 20 March 2017 at 11.00 AM at Registered office of the Company situated at A-4/II Electronic Complex, Kushaiguda, Hyderabad - 500062, to consider and approve the Item No. 1 and 2 by the members.

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Jaiprakash Power Ventures reduces outstanding loans by Rs 3058 crore
Feb 20,2017

Jaiprakash Power Ventures announced that the Stakeholders Relationship Committee at a Meeting held on 18 February 2017, has allotted 305.80 crore equity shares of Rs 10 each at a price of Rs 10 per share to the lenders pursuant to implementation of SDR.

Subsequent to the allotment of the aforesaid shares, the lenders would collectively hold 51% of the post issue equity share capital and the outstanding loan amount of the Company would stand reduced by Rs 3058 crore.

With the aforesaid, the Company as well as its subsidiaries shall cease to be subsidiaries of Jaiprakash Associates.

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Board of Millitoons Entertainment approves bonus issue of 1:1
Feb 20,2017

Millitoons Entertainment announced that the Board of Directors of the Company, at their meeting held on 18 February 2017, have transacted the following businesses:

1.Deliberated and approved the issue of bonus shares by capitalization of reserves in the ratio of 1 share for every 1 share held by the shareholders of the Company i.e. in the ratio of 1:1 to the shareholders as appearing in the register of members as on the record date.

2. To make an application with NSE for listing of shares of the Company on their platform.

3. Allotted 15,00,000 equity shares of Re. 1/- each to Viniato Advisors (Non Promoter Category) pursuant to conversion of equity share warrants.

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Board of Lloyd Electric & Engineering approves sale of consumer durables business & brand Lloyd
Feb 20,2017

Lloyd Electric & Engineering announced that the Board of Directors of the Company at its meeting held on 18 February 2017 have approved the following -

Sale and exit of the Consumer Durables Business and brand, logo, trademark Lloyd to Havells India on a going concern basis.

Change the name of the Company to remove the word Lloyd on or before the completion of the proposed transaction.

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