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Outcome of board meeting of Network 18 Media & Investments
Apr 19,2017

Network 18 Media & Investments announced that the Board of Directors of the company at its meeting held on 19 April 2017 has given in-principle approval to sell/ transfer/ otherwise dispose off or transfer BURRP to any other entity including a related party/ getting a strategic investor.

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Board of Galore Prints Industries approves change in registered office
Apr 19,2017

Galore Prints Industries announced that the Board of Directors of the Company at its meeting held on 18 April 2017 has decided to change the registered office to H-54, Naveen Shahdara, Delhi- 110032 with effect from 18 April 2017.

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Board of NTPC approves upsizing of MTN programme upto USD 6 billion
Apr 19,2017

The Board of Directors of NTPC in its Meeting held on 19 April 2017, has accorded approval for updating and upsizing the USD 4 billion MTN programme upto USD 6 billion for raising debt from international markets to part finance the capital expenditure on new / ongoing projects, coal mining projects, renovation and modernization of power stations and for other permissible end uses subject to compliance of the provisions of the Companies Act, 2013, the ECB guidelines of the RBI.

The Board of Directors, in the aforesaid Meeting, has approved the proposal to issue Notes up to Rs 5000 crore (Rupee denominated bonds) and/or upto USD 750 million equivalent (foreign currency bonds other than INR denominated) in the international markets either under the MTN programme or on standalone basis, in one or more tranches on the terms and conditions as may be agreed with the prospective investor(s) to finance the capital expenditure of new / ongoing projects, coal mining projects, renovation and modernization of power stations and/or for such other purposes as permissible under the ECB guidelines of the RBI.

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Zenith Exports gets ratings affirmation for short term bank limits
Apr 19,2017

Zenith Exports announced that ICRA has retained existing rating of ICRA A4 for short term bank limits.

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JMT Auto director resigns
Apr 19,2017

JMT Auto announced the resignation of Ashok Mittal as Independent Director from the Board with immediate effect.

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Tamil Nadu Newsprint & Papers director resigns
Apr 19,2017

Tamil Nadu Newsprint & Papers announced that N Kumaravelu, Independent Director has resigned from the Company with immediate effect.

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Ballarpur Industries gets downgrade in ratings for NCDs
Apr 19,2017

Ballarpur Industries has received from India Rating and Research a downgrade in rating for non convertible debentures to IND D owning to stressed liquidity position of the Company.

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Reliance Industries successfully completes its Ethane Project in record time
Apr 19,2017

Reliance Industries announced the successful and flawless completion of its Ethane project including commissioning of its ethane receipt and handling facilities and ethane cracking at its Dahej manufacturing facility in Gujarat in a record time of less than 3 years.

Reliance was the first company globally to conceptualize large scale imports of ethane from North America as feedstock for its cracker portfolio in India. The project involved seamless integration of several elements across a complex infrastructure value chain. This includes securing ethane refrigeration capacity in the US Gulf coast, delivery of dedicated Very Large Ethane Carriers (VLECs) to carry ethane from the US Gulf Coast to the West Coast of India, construction of ethane receipt and handling facilities, pipelines and upgrade of crackers (to receive ethane) at Dahej, Hazira and Nagothane Manufacturing facilities.

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India Cements gets NCLT approval for scheme of amalgamation and arrangement
Apr 19,2017

India Cements announced that the Honble National Company Law Tribuna, Chennai Bench vide its order dated 13 April 2017, has approved the scheme of amalgamation and arrangement between Trinetra Cement (first transferor company) and Trishul Concrete Products (second transferor company) with The India Cements (transferee company) and their respectively shareholders.

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Raymond to issue NCDs aggregating Rs 150 crore
Apr 19,2017

Raymond announced that the Committee of Board of Directors of the Company at its meeting held on 19 April 2017 approved the issue of non convertible debentures aggregating up to an amount of Rs 150 crore on private placement basis.

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Board of Visagar Polytex approves change in company secretary and compliance officer
Apr 19,2017

Visagar Polytex announced that the Board of Directors at its meeting held on 19 April 2017 has accepted the resignation of Ruchi Bhandari from the post of Company Secretary and Compliance Officer of the Company with effect from 20 April 2017.

The Board has appointed Pravin Mishra as a Company Secretary and Compliance Officer of the Company.

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Outcome of board meeting of Alka Securities
Apr 19,2017

The Board of Directors of Alka Securities at its meeting held on 18 April 2017 approved the following -

The Board has approved the resignation of Kaushik Shah from the Board of Directors.

The Board has approved the resignation of Ajay Patil from the Board ofDirectors.

The Board has read and understood the letter from the Exchange and understands the consequences of the same and hereby had unanimously decided to shutter all broking related operations and continue to pursue new and upcoming business through its existing subsidiaries and by creating and acquiring new businesses in the future.

The Board has approved an application for the change of name of the Company along with a change in the main object of the company to better suit the course of action as decided above and will present the matter before the shareholders at the annual general meeting later this year.

The Board recognises the facts laid out in the letter of the National Stock Exchange stating that the company has no funds to pursue any of these objects as on date. The Board has therefore decided to offer preference shares to qualified and informed investors to raise fresh capital to pursue the intended course of action. The Board will put the necessary matter before the shareholders for approval.

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IL&FS Investment Managers to hold board meeting
Apr 19,2017

IL&FS Investment Managers will hold a meeting of the Board of Directors of the Company on 29 May 2017, for adoption of the Audited Financial Results of the Company for the quarter and year ended 31 March 2017.

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Intellect Design Arena to hold board meeting
Apr 19,2017

Intellect Design Arena will hold a meeting of the Board of Directors of the Company on 3 May 2017.

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Allahabad Bank to hold EGM
Apr 19,2017

Allahabad Bank announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 17 May 2017 .

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