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Arvind provides update on subsidiary - Arvind Fashions
Nov 21,2016

Arvind announced that Arvind Fashions, a wholly owned Subsidiary of the Company, has completed the transaction and raised equity capital of Rs. 740 crore pursuant to Share Subscription and Shareholders Agreement dated 25 October 2016 signed with three funds managed by Multiples. The transaction was done at overall enterprise valuation of Rs. 8000 crore for Companys branded apparel business.

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Zydus receives final approval for Metronidazole Tablets
Nov 21,2016

Zydus Cadila has received final approval from USFDA to market Metronidazole Tablets USP in strengths of 250 mg and 500 mg. The drug which is used to treat infections caused by bacteria or parasite will be produced at the groups formulations manufacturing facility at Baddi.

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Board of Spice Mobility decides not to acquire any stake in New Spice Solutions
Nov 21,2016

Spice Mobility announced that the Board of Directors of the Company has now decided not to acquire any stake in New Spice Solutions.

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Equitas Holdings allots equity shares
Nov 21,2016

Equitas Holdings announced that the Stakeholders Relationship Committee (SRC) of Board of Directors of the Company has, on 19 November 2016, approved allotment of 1,21,310 Equity shares of Rs.10/- each to the option grantees who have exercised their options vide Resolution by Circulation dated 18 November 2016.

The paid up share capital of the Company will accordingly increase from Rs. 337,09,37,680 to Rs. 337,21,50,780.

The new equity shares issued shall rank pari passu with existing equity shares.

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HPL Electric & Power provides business update
Nov 21,2016

HPL Electric & Power announced that the Company has reduced its debt around Rs 320 crore from IPO proceeds. The Company was listed on stock exchange on 04 October 2016. The Company has order book pipeline of around Rs 365 crore including lighting and switchgear segments and exports have grown by 14.5%. Order book includes Rs 234 crore of meter orders from utilities including a new order from Gujarat Urja Vikas Discoms in Q2FY2017.

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Board of Sharad Fibres & Yarn Processors approves scheme of amalgamation
Nov 21,2016

The Board of Sharad Fibres & Yarn Processors at its meeting held on 19 November 2016 has approved the scheme of amalgamation of BST Exports (first transferor company), wholly owned susbsidiary of Sharad Fibres & Yarn Processors , Dalmia Exim (second transferor company), wholly owned subsidiary of BST Exports with Sharad Fibres & Yarn Processors (transferee company).

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GE Power India postpones board meeting
Nov 21,2016

GE Power India announced that due to unavoidable circumstances, the aforesaid Meeting of the Board of Directors is postponed. The fresh date of the Board Meeting to consider and approve inter-alia the unaudited financial results for the 2nd quarter and half year ended 30 September 2016 will be intimated in due course.

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Board of Indosolar to consider September quarter and half year results
Nov 21,2016

Indosolar announced that the Meeting of Board of Directors of the Company will be held on 26 November 2016, inter-alia, to consider unaudited financial results for the quarter and six months ended 30 September 2016 and approval of Statement of Assets and Liabilities for the half-year ended 30 September 2016.

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Tata Consultancy Services to hold EGM
Nov 21,2016

Tata Consultancy Services announced the Extra Ordinary General Meeting (EGM) of the Company will be held on 13 December 2016.

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GRUH Finance allots equity shares
Nov 19,2016

GRUH Finance announced that the Company has on 19 November 2016, allotted 12,890 equity shares of Rs. 2/- each pursuant to exercise of stock options by employees.

Post the above allotment, the paid-up equity share capital of the Company would stand at Rs. 72,78,43,736 consisting 36,39,21,868 equity shares of Rs. 2 each.

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HDFC assigns loans of Unitech Group to JM Financial Asset Management Company
Nov 19,2016

Housing Development Finance Corporation has assigned outstanding loans in construction projects of Unitech Group to JM Financial Asset Management Company. Against total dues of Rs 869 crore in respect of these projects, the ARC has paid HDFC Rs 155 crore upfront and has issued Security Receipts to HDFC amounting to Rs 705 crore which will be redeemable over the period of construction.

After considering the provisions already made by HDFC to the tune of Rs 240 crore (34% of the Security Receipts) in respect of the above accounts, the net carrying value of the SRs will be Rs 465 crore.

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Jagran Prakashan gets High Court approval for scheme of arrangement
Nov 19,2016

Jagran Prakashan announced that the Scheme of Arrangement for (i) amalgamation of Cystral Sound and Music and Spectrum Broadcast Holdings with Jagran Prakashan; and (ii) the demerger of radio business undertaking of Shri Puran Multimedia into Music Broadcast, has been approved by the Honble High Court of Judicature at Allahabad, the Honble High Court of Bombay and by the Ministry of Information and Broadcasting, subject to certain conditions.

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Board of Karuturi Global to consider allotment of shares on conversion of warrants & debentures
Nov 19,2016

Karuturi Global announced that a meeting of the Board of Directors of the Company will be held on 24 November 2016, inter alia, to consider and take on record the following:

1. To allot 36,50,00,000 Equity Shares to Non Promoters upon conversion of 36,50,00,000 Warrants through Resolution passed in the Annual General Meeting on 20 March 2015 pursuant to the provisions of Section 62 and other applicable provisions of The Companies Act, 2013 for which In Principle approval has been received from BSE and National Stock Exchange of India.

2. To allot 12,33,33,333 Equity Shares to Rhea Holdings (Promoter & Promoter Group) upon conversion of 370 Fully Convertible Debentures through Resolution passed in the Annual General Meeting on 20 March 2015 pursuant to the provisions of Section 62 and other applicable provisions of The Companies Act, 2013 for which in Principle approval has been received from BSE and National Stock Exchange of India.

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Karnataka Bank extends rights issue closing date
Nov 19,2016

Karnataka Bank has extended the rights issue. Accordingly, the rights issue will close for subscription on 28 November 2016. The rights issue opened on 07 November 2016.

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Reliance Capital acquires 5% voting rights in Vrushvik Entertainment
Nov 19,2016

Reliance Capital announced that the Company have acquired more than 5% voting rights in Vrushvik Entertainment. The Company acquired 19,38,000 equity shares of Vrushvik Entertainment at face value of Rs 10 each.

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