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Sanguine Media to hold EGM
Mar 09,2017

Sanguine Media announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 7 April 2017 .

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Saboo Sodium Chloro to hold board meeting
Mar 09,2017

Saboo Sodium Chloro will hold a meeting of the Board of Directors of the Company on 11 March 2017, to allot 50,00,000 equity shares to Promoter/ Promoter Group and Non Promoters on Preferential Allotment basis through Resolution passed in the Extra Ordinary General Meeting on February 13, 2017 pursuant to the provisions of Section 62 and other applicable provisions of The Companies Act, 2013.

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Remi Elecktrotechnik receives reaffirmation of ratings for bank facilities
Mar 09,2017

Remi Elecktrotechnik has received reaffirmation in ratings for bank facilities of the company from CARE as under -

Long term (fund based) facilities (Rs 11 crore) - CARE BBB; Stable
Short term (non fund based) facilities (Rs 2.94 crore) - CARE A3+

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IIFL Holdings provides update on scheme of arrangement
Mar 09,2017

IIFL Holdings announced that in reference with the proposed demerger of 5Paisa Digital Undertaking from IIFL Holdings into 5Paisa Capital, the Company has received observation letters from NSE, BSE and SEBI on the draft Scheme dated 02 March 2017. Pursuant to the above, the Company has filed on 07 March 2017 an application with National Company Law Tribunal [NCLT], Mumbai Bench for the approval of the proposed Scheme of Arrangement.

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Shree Renuka Sugars allots 1,64,35,338 equity shares
Mar 09,2017

Shree Renuka Sugars announced that the Allotment Committee of the Board of Directors has, by way of circular resolution dated 8 March 2017, approved the allotment of 1,64,35,338 Equity Shares of face value of Re. 1/- each, at a price of Rs. 16.56 per Equity Share aggregating to Rs. 27,21,69,197.28 to Standard Chartered Bank (SCB), one of the JLF Lenders in lieu of and against the conversion of a part of the loans availed by the Co. from SCB.

Consequent to the above allotment, the paid-up share capital of the Company stands increased from Rs.92,88,11,242 divided into 92,88,11,242 equity shares having face value Re.1/- each to Rs.94,52,46,580 divided into 94,52,46,580 equity shares having face value of Re.1/- each.

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AksharChem (India) director resigns
Mar 09,2017

The Board of Directors of AksharChem (India) has accepted the resignation of Jayprakash M. Patel as Independent Director of the Company with effect from 07 March 2017 by passing a resolution by circulation.

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Indiabulls Housing Finance allots NCDs aggregating Rs 495 crore
Mar 09,2017

Indiabulls Housing Finance has allotted its second tranche of 495 Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each (NCDs) aggregating Rs.495 crores on private placement basis on 08 March 2017.

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Dilip Buildcon provides update on SPV - DBL Hata Dargawon Tollways
Mar 09,2017

Dilip Buildcon announced that DBL Hata Dargawon Tollways (a SPV of the Company) has received the provisional Completion certificate as declaration of Commercial Operation Date (COD) for the Project of Hatta -Fathepura - Rajpura - Silapuri - Banjna - Darguwa ( Km 0+000 to Km 64+230) at State Highway No. 48 on BOT (Toll + Annuity) basis and the project cost 74.25 crore.

Further as per the said certificate, the said project is completed 400 days prior to the schedule Completion date and in lieu of the earlier completion of the Project, Company is entitled to received maximum Bonus amount Rs. 15,38,63,013/- from the Madhya Pradesh Road Development Corporation and provisionally declared fit for entry into Commercial operation dated 06 March 2017.

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IL&FS Transportation Networks gets provisional completion certificate for tunnel project on NH-1A in Jammu & Kashmir
Mar 09,2017

IL&FS Transportation Networks announced that the construction of the longest tunnel in the South East Asian region comprising of construction of four laning of Chenani to Nashri sections of NH-1A including 9 km long tunnel with parallel escape tunnel in the state of Jammu & Kashmir (project) awarded on 03 May 2010 by the National Highways Authority of India has been completed. The provisional completion certificate has been issued effective 08 March 2017.

The project is on annuity basis with concession period of 20 years including construction period of 1825 days. The company will be receiving Annuity of Rs 635 crore annually for a period of 15 years which will shall be paid in semi-annual instalment of Rs 317.52 crore.

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Gujarat Petrosynthese provides update on subsidiary - GPL Finance and Investment
Mar 08,2017

Gujarat Petrosynthese announced that its subsidiary - GPL Finance and Investments has sold off its entire holding of its investment in the equity shares expect for its promoter holding in Southern Magnesium and Chemicals in the open market as on 06 March 2017.

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Welspun Enterprises sells stake in Welspun Energy
Mar 08,2017

Welspun Enterprises has completed the sale of its stake in Welspun Energy. Pursuant to the shareholders approval by way of postal ballot on 1st February, 2017, WEL has divested its stake at a consideration of approximately Rs. 286 crore. Further consideration is contingent upon occurrence of certain future events. This implies more than 3x returns on WELs investment of Rs. 91.1 crore in Welspun Energy.

This deal is another step in the Companys business re-organisation efforts, in order to create value for its stakeholders by enhancing focus on core businesses. It will further improve WELs balance sheet and cash reserve, thus setting a stronger platform for future growth.

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Vaibhav Global appoints director
Mar 08,2017

Vaibhav Global announced that the Board of Directors of the Company has appointed Sunil Goyal (DIN: 00110601) as an Additional Director under the category of Non-Executive Independent Director w.e.f 08 March 2017 by a circular resolution.

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Raiffeisen chooses iGTB to provide digital trade finance platform
Mar 08,2017

Intellect Design Arena announced that iGTB, its global transaction banking division, five Austrian Raiffeisen Regional Banks and Raiffeisen Bank International (RBI), Vienna, a leading banking group in Austria and Central and Eastern Europe, have agreed a contract to implement a comprehensive digital trade platform.

The iGTB solution enables Raiffeisen to automate its operations better and adapt to continuing business and market demands.

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Salzer Electronics gets Energy Service Company grading
Mar 08,2017

Salzer Electronics announced that CRISIL has assigned ESCO (Energy Service Company) Grading as CRISIL -BEE Grade 1 to the Company which indicates Very High ability of the Company to carry out energy efficiency audits and undertake energy efficiency projects.

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ISGEC Heavy Engineering to incorporate wholly owned subsidiary in Canada
Mar 08,2017

ISGEC Heavy Engineering has decided to incorporate a Wholly Owned Subsidiary Company in Canada with the name and style of ISGEC Canada. The Subsidiary Company is being incorporated to expand the business of the Company in that part of the world by having manufacturing operations by acquiring assets or an existing company.

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