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NTPC commences commercial operations of 1st unit of Nabinagar Thermal Power Project
Jan 16,2017

NTPC announced that 1st Unit of 250 MW of Nabinagar Thermal Power Project of Bhartiya Rail Bijlee Company (BRBCL-a subsidiary of NTPC) (4x250 MW) is declared on commercial operation w.e.f 00:00 Hrs of 15 January 2017.

With this, the commercial capacity of Nabinagar Thermal Power Project of BRBCL and NTPC group has become 250 MW and 46178 MW respectively.

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Wonderla Holidays to announce December quarter results
Jan 16,2017

Wonderla Holidays announced that a meeting of the Board of Directors of the Company is scheduled to be held on 31 January 2017, inter-alia, to consider and approve unaudited financial results of the Company for the quarter ended 31 December 2016.

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Board of Ruchira Papers to consider Q3 and 9M results
Jan 16,2017

Ruchira Papers announced that the Meeting of Board of Directors of the Company will be held on 30 January 2017, inter-alia, to consider and approve the Un-Audited Financial Results for the Quarter/ Nine months ended 31 December 2016.

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Board of Network 18 Media & Investments approves scheme of amalgamation
Jan 16,2017

The Board of Directors of Network 18 Media & Investments at its meeting held on 14 January 2017, on the recommendation of the Audit Committee, approved the Scheme of Amalgamation of the following direct or indirect wholly owned subsidiaries of the Company, namely: 1) Colosceum Media, 2) Digital18 Media, 3) Capital18, 4) RVT Finhold, 5)RRK Finhold, 6) RRB Investments, 7) Setpro18 Distribution, 8) Reed Infomedia India, 9) Web18 Software Services, 10) Television Eighteen Media and Investments, 11) Television Eighteen Mauritius, 12) Web18 Holdings, 13) E-18 and 14) Network18 Holdings, into TV18 Broadcast with appointed date as 01 April 2016, under the applicable provisions of the Companies Act, 2013.

The said Scheme of Amalgamation is subject to receipt of further approvals of the Central Government and / or National Company Law Tribunal and / or Stock Exchanges and/or Securities and Exchange Board of India and/or Shareholders and/or Lenders and/or Creditorsand/or such other competent authority(ies), as may be required under the extant applicable provisions of the law.

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Board of TV18 Broadcast approves scheme of amalgamation
Jan 16,2017

The Board of Directors of TV18 Broadcast at its meeting held on 14 January 2017, on the recommendation of the Audit Committee, approved the Scheme of Amalgamation of the following direct or indirect whollyowned subsidiaries of the Company, namely: (1) Equator Trading Enterprises, (2) Panorama Television, (3) RVT Media and (4) ibn18 (Mauritius), into TV18 Broadcast with appointed date as 01 April 2016, under the applicable provisions of the Companies Act, 2013.

The said Scheme of Amalgamation is subject to receipt of further approvals of the Central Government and / or National Company Law Tribunal and / or Stock Exchanges and/or Securities and Exchange Board of India and/or Shareholders and/or Lenders and/or Creditorsand/or such other competent authority(ies), as may be required under the extant applicable provisions of the law.

The amalgamation of Transferor Companies with Transferee Company would, inter alia, have the following benefits:

- Rationalizing the group structure to ensure optimized legal entity structure more aligned with the business by reducing the number of legal entities and reorganizing the legal entities in the group structure so as to obtain significant cost savings and / or simplification benefits;

- Integrating news channels, i.e. Business news channels, English news channels, Hindi news channels and regional news channels, in the amalgamated entity which would result in maximizing overall shareholder value and bring synergies in operations.

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Magnum Venture appoints director
Jan 16,2017

Magnum Venture announced that the Board of Directors of the Company at its meeting held on 14 January 2017 has appointed Neha Gupta as an Additional Director of the company with effect from 14 January 2017.

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Sea TV Network appoints CFO
Jan 16,2017

Sea TV Network has appointed Ravi Shankar Shrivastava as the Chief Financial Officer (Key Managerial Personnel) for the Company in its Board Meeting held on 14 January 2017.

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Jain Irrigation Systems proposes to provide guarantee to subsidiarys Green Bonds issue
Jan 16,2017

Jain Irrigation Systems announced that Jain International Trading B.V (JITBV), the Companys wholly owned direct subsidiary, proposes to issue up to USD 200 million of unsecured senior notes (which will also be certified Green bonds) with a USD 50 million over-allotment option, in relation to which the Company propose to provide a guarantee. The issuance of the Guarantee has been principally approved by the Board of Directors at their meeting held on 14 January 2017. However, the issuance of the Guarantee is subject to the successful issuance of the notes/bonds by JITBV, which will depend on the market conditions prevailing during the launch and agreement on terms between the investors, the Company and JITBV.

The Company estimate that the proceeds from this offering to be used as follows:

1. Approximately USD 200 million, to prepay, repay or refinance existing working capital and term loan facilities of the Company and subsidiaries and issue related / other expenses; and

2. balance proceeds to be used by the Company and subsidiaries for acquisitions, working capital spending, operating expenses, general corporate purpose or otherwise.

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Board of Tanla Solutions to consider Q3 and 9M results
Jan 16,2017

Tanla Solutions announced that a meeting of the Board of Directors of the Company will be held on 27 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

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Board of Kirloskar Multimedia to consider December quarter results
Jan 16,2017

Kirloskar Multimedia announced that the Board of Directors of the Company will meet on 31 January 2017, inter alia, to consider the un-audited financial results for the quarter ended 31 December 2016.

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Reliance Defence & Engineering announces change in CEO
Jan 16,2017

Reliance Defence & Engineering announced that the Board of Directors of the Company has approved the appointment of Cmde. Kartik Subramaniam (Retd.) as the Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the Company with effect from 01 April 2017.

Further, Vice Admiral H.S. Malhi (Retd.), CEO will be superannuating from the services of the Comp

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Hind Rectifiers appoints directors
Jan 16,2017

Hind Rectifiers announced that the Board of Directors have appointed Vandan Shah as an Additional Director (Non-executive) with effect from 15 January 2017 subject to approval of members in general meeting.

Further the Company has informed that, the Board of Directors have appointed Akshada Nevatia as an Additional Director (Executive) with effect from 15 January 2017 subject to approval of members in general meeting.

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Board of Hind Rectifiers approves rights issue up to Rs 12 crore
Jan 16,2017

Hind Rectifiers announced that the Board of Directors of the Company has, at their meeting held on 15 January 2017, has considered and approved raising of funds upto Rs. 12 crore by way of offer and issue of equity shares to the existing shareholders of the Company on a rights basis (Right Issue), at such issue price and right entitlement ratio as may be decide by the Board in consultation with Lead Manager, subject to necessary approvals, confirmation and consents as may be necessary/required for compliance of applicable law including the provisions of the SEBI (ICDR) Regulations, 2009, SEBI (LODR) Regulations, 2015 and the Companies Act, 2013.

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Shares of Marg Techno-Projects get listed
Jan 16,2017

The equity shares of Marg Techno-Projects (Scrip Code: 540254) are listed effective 16 January 2017 and admitted to dealings on the Exchange in the list of XT Group Securities.

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Shares of Shree Nidhi Trading Company get listed
Jan 16,2017

The equity shares of Shree Nidhi Trading Company (Scrip Code: 540253) are listed effective 16 January 2017 and admitted to dealings on the Exchange in the list of XT Group Securities.

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