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RBI directs IDBI Bank to initiate Corporate Insolvency Resolution Process for Lanco Infratech
Jun 19,2017

Lanco Infratech announced that the Reserve Bank of India directed IDBI Bank, the lead bank of Lanco Infratech to initiate Corporate Insolvency Resolution Process (CIRP) for Lanco Infratech under the Insolvency and Bankruptcy Code, 2016.

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V-Mart Retail opens two stores
Jun 19,2017

V-Mart Retail has opened two stores in the state of Madhya Pradesh and Bihar. These are fashion stores. This takes the total of stores to 146 store in 125 cities across 14 states.

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VRL Logistics enters into agreement of sale with Rajglory Infra
Jun 19,2017

VRL Logistics has entered into an agreement of sale with Rajglory Infra LLP for purchase of land and construction of transhipment yard at Surat, Gujarat at an estimated cost of Rs 83 crore. The payment would be made in stages and said premises would be available for operation after completion within next 24 months.

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Outcome of board meeting of Precious Trading & Investments
Jun 19,2017

Precious Trading & Investments announced that the Board of Directors of the Company at its meeting held on 17 June 2017 passed enabling resolutions for -

1.Approval of Adoption of new set of Articles of the Company as per Companies Act, 2013.

2.Approval of increase in Borrowing limit under Section 180(1)(c) of the Companies Act, 2013.

3.Approval of limit for creation of security on the movable and immovable properties of the Company under Section 180(1)(a) of the Companies Act, 2013.

4.Approval of limit to make investments, give loan or guarantee or provide security under Section 186 of the Companies Act, 2013.

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Tata Steel to sell 8,36,37,697 equity shares of Tata Motors to Tata Sons
Jun 19,2017

Tata Steel proposes to sell 8,36,37,697 Equity Shares of face value of Rs. 2/- each of Tata Motors to Tata Sons. The transaction is expected to be executed on or after 23 June 2017 at or around the prevailing price on the date of proposed sale, subject to no material market movements in price since the date of this disclosure.

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Board of MSP Steel & Power approves increase in capital and implementation of S4A scheme
Jun 19,2017

MSP Steel & Power announced that the Board of Directors of the Company at its meeting held on 17 June 2017 has approved the following -

a. Increase in the Authorised Share Capital and Consequential amendments to Memorandum of Association of the Company;

b. Conversion of 6 % Redeemable Non-Cumulative Preference Shares to Equity Shares owing to the Scheme for Sustainable Structuring of Stressed Assets

c. Implementation of Scheme for Sustainable Structuring of Stressed Assets (S4A Scheme);

d. Approval for conversion of Loan by Lenders into Equity Shares/Optionally Convertible Debentures (OCDs) of the Company (Securities) and also issue and allot pursuant to implementation of the Reserve Bank of India S4A Scheme for the Company;

f.Appointment of Statutory Auditor to fill casual vacancy.

The Board has decided that the Extraordinary General Meeting of the Company shall be convened on 13 July, 2017

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L&T Construction secures orders worth Rs 2231 crore
Jun 19,2017

Larsen & Toubro announced that its construction arm has won orders worth Rs 2231 crore across various business segments.

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Kitex Garments wins Toy RUs Best Vendor award 2016
Jun 17,2017

Kitex Garments has received US Garments seller Toy RUs best vendor award for the year 2016 consecutively for 3rd time.

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Relaxo Footwears gets reaffirmation of credit ratings
Jun 17,2017

Relaxo Footwears announced that ICRA has reaffirmed the credit rating for the Company as under -

Fund based faciltiies - ICRA A+; Positive (Reaffirmed, Outlook upgraded from Stable)

Non fund based facilities - ICRA A1+ (Reaffirmed)

Commercial Paper - ICRA A1+

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Wipro allots 2,433,074,327 equity shares
Jun 17,2017

The Board of Wipro has allotted 2,433,074,327 equity shares of Rs. 2/- each as fully-paid up bonus equity shares, in the ratio of 1 equity share for every 1 equity share held, to eligible members whose names appear in the register of members/list of beneficiary owners as on 14 June 2017, being the record date fixed for this purpose.

Consequently, the paid-up equity share capital of the Company stands increased to Rs. 9,732,297,308/- consisting of 4,866,148,654 equity shares of Rs. 2/- each.

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Container Corporation Of India announces demise of director
Jun 17,2017

Container Corporation Of India announced that Maj. Gen. (Retd.) Raj Krishan Malhotra, Independent Director (DIN:07483272) ceased to be a director of CONCOR due to his sudden & untimely demise on 16 June 2017.

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Jaysynth Dyestuff (India) to hold AGM
Jun 17,2017

Jaysynth Dyestuff (India) announced that the 32th Annual General Meeting(AGM) of the company on 29 August 2017.

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Thermax to hold AGM
Jun 17,2017

Thermax announced that the 36th Annual General Meeting(AGM) of the company on 29 July 2017.

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Eastern Sugar & Industries to hold AGM
Jun 17,2017

Eastern Sugar & Industries announced that the th Annual General Meeting(AGM) of the company on 18 September 2017.

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MFL India to hold board meeting
Jun 17,2017

MFL India will hold a meeting of the Board of Directors of the Company on 22 June 2017.

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