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Everest Organics provides update on USFDA inspection of facility At Aroor Village
Mar 06,2017

Everest Organics announced that USFDA inspected its facility at Aroor Village, from 27 February 2017 to 03 March 2017. The Company has received only one observation. The Company believes this to be of minor in nature and corrective & preventive action for this observation will be presented to USFDA, shortly.

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Syndicate Bank announces appointment of company secretary
Mar 06,2017

Syndicate Bank announced the appointment of T S Kripa Devi as Company Secretary.

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IDFC to acquire balance 25% stake in IDFC AMC and IDFC AMC Trustee
Mar 06,2017

IDFC announced that its subsidiary, IDFC Financial Holding Company (IDFC FHCL) is currently holding approximately 75% equity stake of IDFC Asset Management Company (IDFC AMC) and IDFC AMC Trustee Company (IDFC AMC Trustee) and the balance stake (approximately 25%) is held by Natixis Global Asset Management (NGAM).

In December 2010, Share Subscription & Purchase Agreement (said Agreement) was executed amongst IDFC, NGAM, IDFC AMC and IDFC AMC Trustee. Pursuant to the said Agreement, NGAM acquired approximately 25% equity stake in IDFC AMC and IDFC AMC Trustee through its wholly owned subsidiary company - Natixis Global Asset Management Asia Pte Ltd. As part of the said Agreement, there was a requirement that both shareholders would review the partnership at the end of 5 years (subsequently extended).

Accordingly, IDFC has agreed to acquire through IDFC FHCL the balance (approximately 25%) in IDFC AMC and IDFC AMC Trustee from NGAM for cash consideration of Rs 244.24 crore based on the terms of the shareholders agreement. The transaction is expected to be completed by 31 March 2017, following which IDFC AMC and IDFC AMC Trustee would become wholly owned subsidiaries of IDFC through IDFC FHCL.

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Board of MT Educare approve to evaluate potential collaboration with Nspira Management Services
Mar 06,2017

MT Educare announced that the Board of Directors of the Company at its meeting held on 06 March 2017 has approved entering into a confidentiality, exclusivity and standstill agreement to evaluate a potential strategic collaboration by way of a scheme of arrangement or any other suitable structure between MT Educare and Nspira Management Services.

The agreement provides for a mutually agreed exclusivity period for due diligence and discussions between MT Educare and Nspira Management Services in relation to the proposed transaction.

Current discussions are at preliminary stage. The proposed arrangement or structure shall be subject to due diligence, agreement on appropriate transaction structure, board, shareholder, regulatory, NCLT and any other third party approvals, as may be applicable

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Outcome of board meeting of MFL India
Mar 06,2017

MFL India announced that the Board of Directors of the Company at its meeting held on 04 March 2017 has transacted the following -

1.The Board has approved and accepted the resignation of Sheetal Thukral (DIN: 01168506) from the Directorship of the Company.

2.The Board have approved the appointed of Syed Zameer Ulla (DIN: 07486691) as Director of the Company.

3.The Board approved the change of registered office of the Company to 94/4, UG/F, UG-9, Village: Patpar Ganj, Mayur Vihar, Phase -1, Delhi - 110091 with effect of 04 March 2017.

4.The Board was informed that there is delay in change in RTA as the exiting RTA i.e. Link Intime India Private Limited is not providing No objection Certificate which is mandatory for change in RTA.

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Board of Bharti Airtel approves scheme of amalgamation
Mar 06,2017

Bharti Airtel announced that the Board of Directors of the Company has approved the Scheme of amalgamation (Scheme) between Telenor (India) Communications (Transferor Company / Telenor India) and Bharti Airtel (Transferee Company / Airtel) and their respective shareholders and creditors (under Sections 230 to 232 of the Companies Act, 2013).

The aforesaid Scheme inter-alia envisages the issuance and allotment of 5 (five) fully paid up equity shares of face value Rs. 5/- (rupees five only) of Airtel to Telenor South Asia Investment (the shareholder of the Telenor India) upon the Scheme becoming effective.

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Coal India provides update on subsidiary - Central Coalfields
Mar 04,2017

Coal India announced that the Board of Directors of its subsidiary, Central Coalfields (CCL) meeting held on 03 March 2017 has considered and approved the buyback of 5,21,000 fully paid equity shares of face value of Rs 1000 each from the members of CCL on a proportionate basis through tender offer representing 5.54% of total equity shares in the paid up share capital for an aggregate amount not exceeding Rs 1001.88 crore, at a price of Rs 19,230 per equity share, subject to approval of shareholders of CCL.

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Dr Reddys Laboratories acquires a NBFC - Imperial Credit
Mar 04,2017

Dr Reddys Laboratories announced that it has completed the acquisition of 100% stake in Imperial Credit, a Non Banking Finance Company, for a consideration of Rs 2.05 crore. The Company proposes to undertake the groups captive financial activities through this entity.

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Board of Diamond Power Infrastructure appoints director and COO
Mar 04,2017

Diamond Power Infrastructure announced that the Board of Directors of the Company at its meeting held on 04 March 2017 has appointed Surinder Kumar Negi as an Additional Director and has appointed Naba Mukherjee as COO with immediate effect.

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Board of Upper Ganges Sugar & Industries appoints directors
Mar 04,2017

Upper Ganges Sugar & Industries announced that the Board of Directors has considered and appointed Kailash Chand Gupta and Brij Mohan Agarwal, as Additional Directors of the Company with effect from 04 March 2017.

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Karnataka Bank bags four ASSOCHAM Social Banking Excellence Awards
Mar 04,2017

Karnataka Bank has bagged four Social Banking Excellence Awards under the following categories, instituted by the Associated Chamber of Commerce & Industry of India (ASSOCHAM), under Small Bank Category.

Winner - Government Scheme
Winner - Priority Lending
Runner up - Agricultural Banking
Runner up - Overall Best Social Bank

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Shrenuj & Company announces resignation of director
Mar 04,2017

Shrenuj & Company announced that Dr. M Y Khan, Independent Director of the Company has tendered his resignation from the Board due to personal and health reasons. The resignation will be effective from 3 March 2017.

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Board of Celebrity Fashions allots equity shares and warrants
Mar 04,2017

Celebrity Fashions announced that the Board of Directors of the Company at its meeting held on 04 March 2017 have issued and allotted 30,67,484 equity and 56,96,756 Convertible Warrants at an issue price of Rs 11.41 per share on Preferential basis to Promoters and Director.

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Reliance Power provides update on subsidiary - Reliance Green Power
Mar 04,2017

Reliance Power announced that its subsidiary, Reliance Green Power has disposed off its entire shareholding of 10,000 equity shares of Rs 10 each, aggregating Rs 1 lakh held in its subsidiary, RPL Aditya Power at its par value.

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ARSS Infrastructure Projects JV wins work order worth Rs 140.52 crore
Mar 04,2017

ARSS Infrastructure Projects announced that a work order amounting to Rs.140.52 crore, namely Execution of work of track linking (Excluding Supply of Rails, Thick Web Switches and PSC Lime sleeper) OHE, S&T and other allied works from Haridaspur (KM 0.00) to Kendrapara (KM 43.873) including Kendrapara yard in connection with construction of New BG Railway Line from Haridaspur to Paradeep (KM 81.200) in Khurda Road Division of east Coast railway in the State of Odisha, India has been awarded in favour one of the Companys Joint Venture (JV) i.e. ARSS-SIPS (JV) by Rail Vikas Nigam on 3 March 2017.

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