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Outcome of board meeting of Mitsu Chem Plast
Mar 10,2017

Mitsu Chem Plast announced that the Board of Directors of the Company at its meeting held on 10 March 2017 has considered and approved that the Company has increased production capacity by acquiring facilities in District Thane.

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Outcome of board meeting of Gillanders Arbuthnot & Company Ltd
Mar 10,2017

Gillanders Arbuthnot & Company announced that Board of Directors of the Company at its Meeting held on 09 March 2017 has approved the sale and transfer of its entire shareholding of 99.99% i.e. 1,47,29,995 numbers of fully paid up Equity Shares of Rs. 10/- each in Waldies Compound (Formerly Barfani Builder), an Indian Subsidiary of the Company, at a total consideration of Rs. 21.06 crore.

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Outcome of board meeting of Metal Coatings (India)
Mar 10,2017

Metal Coatings (India) announced that the Board of Directors in its meeting held on 10 March 2017 has considered and approved the proposal to tender 1,43,000 equity shares of Khandelwal Busar Industries under the scheme of buyback of equity shares offered by them vide letter of offer dated 10 February, 2017 offering to buy back their equity shares at Rs. 200/- per equity share.

The Board also has approved that the balance shares remaining with the company after the completion of the buy back may be sold to any prospective buyer at a minimum price of Rs. 200/- per equity share.

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Outcome of board meeting of Natco Economicals
Mar 10,2017

Natco Economicals announced that the Board of Directors at its meeting held on 10 March 2017 has decided to enlarge its main object clause by venturing into the Business of education Field. To take at least 51 % Stake in Catallyst Constellations (Catallyst Executive Education Institute) to make it Subsidiary Company of Natco Economicals.

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Natural Capsules announces resignation of company secretary
Mar 10,2017

Natural Capsules announced that D R Anand has resigned as Company Secretary with effect from 10 March 2017.

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Autolite (India) sets up halogen plant line
Mar 10,2017

Autolite (India) has set up new halogen plant line at Sitapura Jaipur which leads to the increase in production capacity of halogen bulbs by Rs. 30 crore per annum.

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Inox Leisure commences operations at Multiplex in Surat
Mar 10,2017

Inox Leisure has commenced the Commercial Operations of a Multiplex Cinema Theatre, taken on Management Contract basis, and located at 3rd Floor, Raj Imperial INOX, Deep Kamal Mall, Near Sarthana Zoo, Varachha Road, Surat, Gujarat - 395 006., with effect from 10 March 2017. The said Multiplex Cinema Theatre has 6 screens and 1607 seats. INOX is now present in 58 cities with 116 Multiplexes, 460 screens and a total seating capacity of 1,16,732 seats across India.

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Mahindra & Mahindra pares stake in subsidiary - Mahindra Holidays & Resorts India
Mar 10,2017

Mahindra & Mahindra has on 10 March 2017, sold 66,58,565 equity shares representing 7.5% of the share capital of Mahindra Holidays & Resorts India, subsidiary of the Company. The sale has been executed on the stock exchange(s), at an average gross price of Rs.412.05 per share. Following the sale, the shareholding of the Company in MHRIL would come down from 75% to 67.5% of its share capital.

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Viaan Industries announces appointment of Brand Ambassador for Swachh Bharat initiative
Mar 10,2017

Viaan Industries announced the appointment of Shilpa Shetty Kundra as the Brand Ambassador by the Ministry of Urban Development, for their Swachh Bharat initiative - a cleanliness drive with the goal to achieve a clean India by 02 October 2019.

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Canara Bank sells 13.45% of its stake held on Can Fin Homes
Mar 10,2017

Canara Bank has sold 13.45% stake in Can Fin Homes to Caladium Investment, Singapore, an affiliate of GIC, Singapores Sovereign Wealth Fund, numbering 35,80,849 equity shares at Rs 2105 per share amounting to Rs 753.77 crore in an off-market deal on 10 March 2017 as part of the monetisation of non-core assets of the Bank.

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Rashtriya Chemicals & Fertilizers issue commercial paper aggregating Rs 190 crore
Mar 10,2017

Rashtriya Chemicals & Fertilizers has issued Commercial Paper for Rs.190 crore on 10 March 2017, in favour of State Bank of India, having maturity date as 8 June, 2017.

The Commercial Paper issued by the Company on 21 November 2016 for Rs.100 crore, on 30 December 2016 for Rs.175 crore and on 23 January, 2017 for Rs.180 crore has been redeemed on 17 February 2017.

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Adani Power allots 2,86,63,339 equity shares
Mar 10,2017

Adani Power has allotted 2,86,63,339 equity shares of Rs. 10/- each on 10 March 2017 upon partial conversion of the Convertible Warrants to Promoter group entities .

Subsequently, the paid up equity share capital has increased to 3761.52 crore comprising of 3,76,15,27,024 equity shares of Rs 10 each. The shareholding of Promoter and Promoter group entities has increased to 67.319% of the enhanced paid up equity share capital of the Company.

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MEP Infrastructure Developers achieves financial closure for a road project in Gujarat
Mar 10,2017

MEP Infrastructure Developers announced that MEP SANJOSE Talaja Mahuva Road -Subsidiary Company of the Company, has achieved financial closure as per the Concession Agreement executed with the NHAI dated 08 July 2016 for the project of Four Laning of TALAJA-MAHUVA Section in State of Gujarat on Hybrid Annuity Mode under NHDP Phase IV by tying up of Project finance of Rs.289.37 crore.

The Bid project cost is 643.05 crore out of which Project finance will contribute Rs. 289.37 crore and remaining will be funded by grant from NHAI and equity contribution of Subsidiary Company.

Key highlights of Project are -
(1)Construction Period:2.5 years from the Appointed Date
(2)Concession Period:15yrs(excluding Construction Period of 2.5 yrs)
(3)The Company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date (COD).

The Company has now achieved financial closure of Five of its HAM Projects which are awarded by the Authority and successfully tied up total project finance of Rs.1454.54 crore towards all Five HAM Projects.

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Intrasoft Technologies to hold board meeting
Mar 10,2017

Intrasoft Technologies will hold a meeting of the Board of Directors of the Company on 18 March 2017, to consider re-appointment of Managing Director, and reappointment of Whole-time Director

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Rane Engine Valve to hold board meeting
Mar 10,2017

Rane Engine Valve will hold a meeting of the Board of Directors of the Company on 18 May 2017, to consider and approve the Audited Financial Results for the quarter and year ending 31 March 2017

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