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Power Grid Corporation of India transfers POSOCO to Govt. of India
Jan 02,2017

Power Grid Corporation of India announced that in terms of Government of India communication dt. 23 September 2016, on receipt of purchase consideration of Rs. 81.21 crore, POWERGRID has transferred 3,06,40,000 equity shares of Rs. 10/- each of Power System Operation Corporation (POSOCO) to Government of India.

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Aban Offshore provides business update
Jan 02,2017

Aban Offshore announced the completion of sale of 59 % equity shares held by Aban Offshore in Aban Green Power and Radhapuram Wintech - subsidiaries of Aban Offshore. The Company also completed the transaction for acquisition of 49 % equity shares in Aban Drilling Services.

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Board of IndusInd Bank to consider Q3 results
Jan 02,2017

IndusInd Bank announced that a meeting of the Board of Directors of the Bank will be held on 10 January 2017, inter alia, to consider and take on record, the Unaudited Financial Results for the quarter and nine-month ended 31 December 2016 (Q3).

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Mphasis to consider Q3 results
Jan 02,2017

Mphasis announced that a meeting of Board of Directors of the Company is being scheduled on 31 January 2017, inter alia, to consider and approve the audited financial results of Mphasis and Group for the quarter and nine months period ended 31 December 2016 (Q3).

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Cipla allots equity shares
Jan 02,2017

Cipla announced that the Nomination and Remuneration Committee of the Company on 02 January 2017 allotted 18,542 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the option grantees under Employee Stock Option Scheme 2013-A.

Consequently, the issued share capital of the Company stands increased to Rs. 1,61,08,32,634 comprising of 80,54,16,317 equity shares of face value Rs. 2/- each. The paid-up & subscribed share capital of the Company stands increased to Rs. 1,60,88,25,844 comprising of 80,44,12,922 equity shares of face value Rs. 2/- each.

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BS announces resignation of director
Jan 02,2017

BS announced that Mahesh Kumar Khera, Director of the Company, has resigned, vide his Letter dated 30 December 2016, from the Directorship of the Company with immediate effect.

The Board of Directors of the Company by way of a Circular Resolution passed today i.e. 02 January 2017, has accepted his resignation and consented to relieve Mahesh Kumar Khera of his duties and responsibilities vested by the Board as Director, with effect from 01 January 2017.

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Sita Shree Food Products announces demise of director
Jan 02,2017

Sita Shree Food Products announced that Suresh Narayan Wagh, Non Executive Independent Director of the Company has ceased to be the Director of the Company due to his sad demise on 01 January 2017.

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Lakshmi Vilas Bank announces launch of Pradhan Mantri Garib Kalyan Deposit scheme
Jan 02,2017

Lakshmi Vilas Bank has launched Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 pursuant to the RBI notification dated 16 December 2016.

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ICICI Bank revises MCLR rates
Jan 02,2017

ICICI Bank has announced a reduction of 0.70% in I-MCLR benchmarks across tenures. The revised I-MCLR benchmarks effective from 03 January 2017 are provided below:

Overnight - 8.00%
One month - 8.00%
Three month - 8.10%
Six month - 8.15%
One year - 8.20%

Interest rate on all rupee loans sanctioned and credit limits renewed with effect from 01 April 2016 are priced with reference to I-MCLR benchmarks.

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Board of Shilpi Cable Technologies approves acquisition of UAE-based Gulf Aglow LED Lighting FZCO
Jan 02,2017

The Board of Shilpi Cable Technologies on 02 January 2017 approved the 100% acquisition of UAE-based Gulf Aglow LED Lighting FZCO (GAL). The deal gives SCTL a strong entry into the high growth LED market with an established partner that has license to sell under the renowned Westinghouse brand & owned brand n++GALUXn++ in 54 countries, and a vast manufacturing capability. SCTL has already established a wide presence in India in the B2C segment with its n++SAFEn++ brand which will now be used to grow in the LED segment. GALs extensive globalnetwork also becomes available to SCTL to grow SAFE. The acquisition is expected to be completed within three months subject to necessary regulatory approvals.

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3i Infotech allots equity shares
Jan 02,2017

3i Infotech has allotted 10,82,89,063 equity shares of Rs 10 each and 18,95,05,860 0.10% Cumulative Non-Convertible Redeemable Preference Shares of face value of Rs 5 each (Class B Preference Shares) at par on a preferential basis to Standard Chartered Bank upon its accession to Supplemental Master Restructuring Agreement on 20 December 2016.

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Maharashtra Seamless appoints director
Jan 02,2017

Maharashtra Seamless announced that Shiv Kumar Singhal, who has assumed office as Whole-Time Director of the Company w.e.f 01 January 2017, has also been designated as Key Managerial person in the category of Whole - Time Director of the Company.

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Ideal Cellular proposes to issue NCDs aggregating Rs 1000 crore
Jan 02,2017

Ideal Cellular has plans to issue Unsecured, redeemable, non-convertible debentures (NCDs) amounting to Rs 1000 crore on private placement basis on 04 January 2017.

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National Fertilizer announces cessation of director
Jan 02,2017

National Fertilizer announced M. Sagar Mathews, Director (Technical), National Fertilizer has been relieved from the services of the Company on 30 December 2016 on completion of his tenure.

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ITI announces change in directorate
Jan 02,2017

ITI announced that P K Gupta, Director (Marketing) /additional charge Chairman and Managing Director has retired from services of the Company w.e.f afternoon of 31 December 2016 consequent to attaining age of superannuation.

Pursuant to Government of India order dated 30 December 2016, K Alagesan Director-Production is entrusted with additional charge as Director Marketing for a period of three months beyond 31 December 2016.

Accordingly, K Alagesan Director-Production assumed additional charge as Director Marketing w.e.f after noon 31 December 2016.

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