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Board of Mangal Credit & Fincorp approves sub-division of equity shares
Mar 29,2017

Mangal Credit & Fincorp announced that the Board of Directors of the company at its meeting held on 28 March 2017, inter alia, has considered and approved as under -

1. Sub-division of equity shares of the Company. The Board has approved the sub-division of each of the Equity Shares of the Company having a face value of Rs.10/- (Rupees Ten only) into 10 (Ten) Equity Shares having a face value of Re. 1/- (Rupee One only) each.

2. The sub-division of equity shares is subject to approval of shareholders, which will be sought by way of a postal ballot, and any other statutory and regulatory approvals. Accordingly, the record date for sub-division of the equity shares will be announced in due course.

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Bharti Airtel completes transfer of 11.32% stake in Bharti Infratel
Mar 29,2017

Bharti Airtel has on 29 March 2017 completed an inter-se transfer of 11.32 % stake (209,416,643 equity shares) in Bharti Infratel (Bharti Infratel) to Nettle Infrastructure Investments (Nettle), a wholly owned subsidiary of the Company. Post the said inter-se transfer, Bharti Airtel will hold 50.33% while Nettle will hold 11.32% stake in Bharti Infratel, the remaining 38.35% (approx.) shall be held by public / other shareholders.

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L&T Construction bags new orders worth Rs 2400 crore
Mar 29,2017

Larsen & Toubro announced that the Power Transmission and Distribution business of L&T Construction has bagged major orders worth Rs 2400 crore in the domestic and international markets.

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Board of Indiabulls Ventures approves preferential issue of convertible warrants
Mar 29,2017

The Board of Directors of Indiabulls Ventures at its meeting held on 28 March 2017 has has approved preferential offer & issue of up to 3,38,00,000 convertible warrants to(a)Inuus Properties & (b)Inuus Developers, promoter group entities. These warrants are convertible into equivalent number of equity shares of Rs.2 each at an exercise price of Rs.43.75 per share. Total equity investments by these two investors would aggregate upto Rs.147.875 crore in the Company, post conversion of warrants.

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Board of Autolite (India) allots 6 lakh equity shares on conversion of warrants
Mar 29,2017

Autolite (India) announced that the Board of Directors of the company at its meeting held on 28 March 2017 has allotted 6 lakh equity shares of Rs 10 each at a premium of Rs 8 per share on conversion of warrants. With this allotment, the paid up capital of the Company has increased to Rs 11.18 crore.

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Board of Modern Insulators allots equity shares under scheme of amalgamation
Mar 29,2017

The Board of Directors of Modern Insulators at its meeting held on 28 March 2017 have allotted equity shares to the shareholders of erstwhile Modern Terry Towels whose name appear in the Register of Members in the exchange ratio mentioned in the scheme of amalgamation approved by Honble BIFR.

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Outcome of board meeting of India Motor Parts & Accessories
Mar 29,2017

India Motor Parts & Accessories announced that the Board of Directors of the Company at its meeting held on 28 March 2017 has given its approval for the Company to enter into a Memorandum of Understanding for investing Rs 3.80 crore towards 76% stake in the equity of a private limited company, which will take over business of Central Automobiles, a partnership firm in Ahmedabad, Gujarat. The proposed transaction is expected to be completed by Q1/ by early Q2 in 2017-18 and the new private limited company will become a subsidiary of IMPAL.

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Board of Dynacons Systems & Solutions takes note of new subsidiary incorporated in Singapore
Mar 29,2017

Dynacons Systems & Solutions announced that the Board of Directors of the Company at its meeting held on 28 March 2017 has taken on record the incorporation of a new subsidiary named Dynacons Systems & Solution Pte. Ltd on 28 March 2017 having registered office in Singapore.

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JSW Steel provides update on proposed issue of foreign currency denominated notes
Mar 29,2017

JSW Steel announced that the Finance Committee in its meeting held on 29 March 2017 has approved the preliminary offering circular in relation to the Notes issuance by the Company.

The Board of Directors of the Company in its meeting held on 27 July 2016 has approved to raise long term funds through the issuance of non-convertible foreign currency/ Rupee denominated senior unsecured fixed rate bonds up to USD 750 million, in one or more tranches, in the international markets either by the Company or by any of its subsidiaries backed by corporate guarantee of the Company.

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Dilip Buildcon bags NHAI road project valued Rs 503.10 crore
Mar 29,2017

Dilip Buildcon has been declared as the Lowest-1 (L-1) bidder for the project of 4 Laning, Rehabilitation and Upgradation of NH-4 from Nalagampalli to AP/Karnataka Border from Km 171.590 (Design km 172.00) to Km 216.912 (Design km 219.687) (Design length = 47.687 Km) under NHDP-IV in the State of Andhra Pradesh on EPC mode. The contract amount for this Four Lane NHAI project on EPC mode in the state of Andhra Pradesh project, to be executed on EPC basis, is Rs. 503.10 crore with 24 months of completion period.

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Board of V-Guard Industries approves investment in GUTS Electro-Mech, Hyderabad
Mar 28,2017

V-Guard Industries announced that the Board of Directors of the Company at its meeting held on 28 March 2017 considered the proposal of taking majority stake in the equity of GUTS Electro-Mech, Hyderabad a company which is engaged in the manufacture and marketing of various kinds of domestic switch gears and current transformers, and accorded its in-principle approval to make the investment, subject to completion of due diligence and obtaining approvals from requisite authorities.

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Outcome of board meeting of ARSS Infrastructure Projects
Mar 28,2017

ARSS Infrastructure Projects announced that the Board of Directors of the Company has discussed the following businesses:

1. Board discussed and approved (resolved) One Time Final Settlement Agreement With SREI Equipment Finance by assignment/ transfer of arbitration claims on such terms & conditions as agreed upon in between company and SREI.

2. Board discussed and disapproved One Time Final Settlement with Edelweiss Asset Reconstruction Company EARC on the ground that the settlement with EARC would be considered at a time of final settlement with other Banks, shortly as huge cash outflow is involved into it.

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Board of Themis Medicare approves change in directorate
Mar 28,2017

Themis Medicare announced that the Board of Directors of the Company at its meeting held on 28 March 2017 approved the following -

1. Accepted resignation of Jayshree D. Patel (DIN: 00033316) as an Alternate Director to Dr. Gabor Gulacsi with effect from 28th March, 2017.

2. Appointed Jayshree D. Patel (DIN: 00033316) as an Additional Director (Whole Time & Woman Director) on the Board of the Company w.e.f. 28 March, 2017 on remuneration as approved by the Board subject to the approval of the members at the ensuing Annual General Meeting of the Company.

3. Allotment of 2548 Equity shares to eligible employees pursuant exercise of ESOP options under Themis ESOS Scheme 2012.

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Marsons bags order worth USD 118.4 million
Mar 28,2017

Marsons has secured a large order of 30 power transformers worth USD 118.4 million from a leading EPC contractor for the IPDS and DDUGJY projects in Orissa.

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Skipper starts commercial production at new unit in Palasbari, Assam
Mar 28,2017

Skipper successfully commenced commercial production at its new unit in Palasbari (near Guwahati), Assam on 27 March, 2017. The unit will enjoy direct and indirect tax holiday benefits for next 10 years under NEIIPP- 2007. This is the Companys eighth manufacturing unit (second near Guwahati) and has an installed capacity of 30,000 tonnes for engineering products and 7000 tonnes for polymer products taking the combined installed capacity of the engineering products to 2,30,000 tonnes and 48,000 tonnes for polymer products. The plant has been partly financed by term loan and balance by internal accruals with an approx. investment of Rs 70 crore.

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