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SMS Pharmaceuticals hikes stake in VKT Pharma
May 23,2017

SMS Pharmaceuticals announced that it has further invested Rs 3.81 crore by subscribing to 169,665 equity shares of Rs 10 each at a price of Rs 225 per share of VKT Pharma on 23 May 2017. With this acquisition, the Companys stake in VKT Pharma has increased to 42.62%.

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T.V. Today Network provides update on migration of three FM radio station to Phase III
May 23,2017

T.V. Today Network announced that in reference to the communication received from Ministry of Information and Broadcasting for migration of three FM radio stations of the Company (Delhi, Kolkata and Mumbai) from Phase II to Phase III, the Company has completed the following formalities -

i.Execution of Grant of Permission Agreement (GOPA) for migration of the aforesaid three FM radio stations of the Company to Phase III

ii.Payment of migration fee of Rs. 71,36,79,767 and other charges and interest.

iii.Furnished the Performance Bank Guarantee for the requisite value.

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Motilal Oswal Financial Services allots 201665 equity shares
May 23,2017

Motilal Oswal Financial Services has allotted 201665 equity shares to employees of Subsidiary companies in lieu of exercise of employee stock options.

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Rohit Ferro Tech provides financial update
May 23,2017

Rohit Ferro Tech announced that a written request has been received by the Company from State Bank of India (SBI), the leader of lenders Banks vide SBIs Communication dated 22 May 2017 to execute a Deed of Undertaking binding the Company together with the Promoters (including persons belonging to the Promoter Group) to the sale of the entire shareholding of the Promoters in the Company (Promoter Shares) to a prospective Investor to be identified by SBI.

The request received from SBI will be considered in Board meeting to be held on Tuesday, 30 May, 2017.

The reason: This is a step taken by SBI pursuant to the various circulars issued by the Reserve Bank of India (RBI) from time to time on restructuring of overdue loan accounts, and is aimed at change in management of the Company outside Strategic Debt Restructuring where the potential investor identified by SBI shall take over control and management of the Company and will service its debts due to the banks.

The impact: Upon identification of the prospective investor, SBI together with consortium members may enter into agreement with prospective Investor to realise their amount of debt as may be agreed between prospective Investor and SBI. The financial impact on the Company is not predictable as the same will be subject to the outcome of the terms under which the prospective Investor agrees to takeover management and control of the Company.

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IIFL Holdings allots 6,500 equity shares
May 23,2017

IIFL Holdings has allotted 6,500 equity shares to the employees of the Company/ Subsidiaries upon exercise of stock options under Employee Stock Option Schemes. Upon allotment, the equity base of the Company stand increased from 31,79,34,624 to 31,79,41,123 equity shares of Rs. 2/- each.

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Dion Global Solutions and Fincast enter into operating partnership
May 23,2017

Dion Global Solutions and Fincast announced the availability of their integration and operations partnership, which allows client of Fincasts cutting edge goal based advisory and portfolio modelling platform to obtain account and holding details from Dions rapidly expanding TradeCentre platform, perform guided modelling of the portfolio and then automatically generate trades based on agreed investment models and investors preferences, greatly streamlining implementation and back office operations for Fincasts and Dions clients.

Dions TradeCentre and Fincast are jointly available on AWS and henceforth clients may choose to operate the applications using a shared infrastructure and operations team across TradeCentre and Fincast.

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Dion Global Solutions launches wealth management module - TCWealth
May 23,2017

Dion Global Solutions announced the launch of its wealth management module - TCWealth. TCWealth is part of Dions rapidly expanding TradeCentre platform. An open architecture and modular structure allows TCWealth to plug into any modelling system and provide seamless connectivity to the trading platforms, thus eliminating any operational risk.

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Layla Textile and Traders announces resignation of directors
May 23,2017

Layla Textile and Traders announced that Manish Jani has resigned from the post of Director and CFO of the Company and Gita Devi Sharma resigned from the post of Director of the company w.e.f 20 April 2017 & Amit Kumar Mahato has been resigned from the post of Director of the Company w.e.f 05 May 2017.

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RBL Bank allots 330,720 equity shares
May 23,2017

RBL Bank has allotted 330,720 (Three Lac Thirty Thousand Seven Hundred & Twenty) equity shares of face value Rs. 10 each on 23 May 2017 under the ESOP Schemes of the Bank. Consequent to the above allotment, the paid up share capital of the Bank has increased from 375,832,303 equity shares of Rs. 10 each aggregating Rs. 3,758,323,030 to 376,163,023 equity shares of Rs. 10 each aggregating Rs. 3,761,630,230.

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India Gelatine & Chemicals fixes record date for buyback of shares
May 23,2017

India Gelatine & Chemicals has fixed 02 June 2017 as the Record Date for the purpose of Buy-back of Equity Shares.

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Johnson Controls-Hitachi Air Condition. India to pay dividend
May 23,2017

Johnson Controls-Hitachi Air Condition. India announced that dividend, if declared will be paid on or after 25 August 2017.

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Safari Industries (India) to pay dividend
May 23,2017

Safari Industries (India) announced that dividend, if approved by the Members of the Company, will be paid on or before 30 September 2017.

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Board of Safari Industries (India) approves sub-division of shares
May 23,2017

Safari Industries (India) announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, has transacted the following:

1. Recommended dividend of Rs. 2/- (20%) per equity share of Rs. 10/- each for the financial year 2016-17. The said dividend is subject to the approval of the Members of the Company at the ensuing Annual General Meeting. The Dividend, if approved, by the Members of the Company, will be paid on or before 30 September 2017.

2. Sub-division of existing shares of Rs.10/- each to Rs. 2/- each, subject to the approval of the Members of the Company w.e.f. a record date fixed by the Board/ Committee in this regards.

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Board of J B Chemicals & Pharmaceuticals approves buy back of shares
May 23,2017

The Board of Directors of J B Chemicals & Pharmaceuticals at its meeting held on 23 May 2017 has approved the Buy-back of up to 12,50,000 fully paid up Equity Shares of face value of Rs. 2/- each by the Company (representing 1.47% of the total paid up Equity Share capital of the Company) at a price of Rs. 400/- (Rupees four hundred) per Equity Share payable in cash for a total consideration not exceeding Rs. 50/- crores (Rupees fifty crores only) (excluding transaction costs such as fees, brokerage, taxes, duties, etc), which is not exceeding 10% of the total paid-up Equity Share capital and free reserves (including securities premium account) as per the audited financial statement of the Company for the financial year ended on 31 March 2017, through the Tender Offer route as prescribed under the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 as amended, on a proportionate basis, from the Equity Shareholders/beneficial owners of the Equity Shares of the Company including promoters, members of promoter group and persons acting in concert, as on the record date.

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Jubilant Life Sciences to pay dividend
May 23,2017

Jubilant Life Sciences announced that dividend, if approved by the shareholders at the ensuing Annual General Meeting of the Company, will be paid / dispatched on or before 27 September 2017.

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