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LafargeHolcim increases stake in Ambuja Cement and ACC
Nov 16,2016

ACC announced that LafargeHolcims subsidiary Holderind Investments has increased its shareholding in Ambuja Cement by 39,100,000 shares to 1253156361 shares (63.11% of total Ambuja shares) and in ACC, a subsidiary of Ambuja, by 7870000 shares to 8411000 shares (4.48% of total ACC shares).

The Purchase Price will be paid in INR. The impact of LarfargeHolcims net debt is CHF 325 million. This investment was not included in the Groups net debt objective of around CHF 13 billion at the end of 2016 which should be adjusted accordingly.

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Shares of Salem Erode Investments get listed
Nov 16,2016

The equity shares of Salem Erode Investments (Scrip Code: 540181) are listed effective 16 November 2016 and admitted to dealings on the Exchange in the list of XT Group Securities.

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Outcome of board meeting of Tata Global Beverages
Nov 15,2016

Tata Global Beverages announced that the Board of Directors of the Company considered the continuance of Cyrus P. Mistry as Chairman of the Company at its Board Meeting held on 15 November 2016.

After extensive deliberations, and keeping in view the long term interest and alignment of all stakeholders and stability of the Company, the Board of Directors resolved to replace Cyrus P Mistry as Chairman of the Company, by majority vote, with 7 out of the 10 Directors present at the Board Meeting, voting in favour of the resolution.

The Board of Directors also appointed Harish Bhat - a Non-Executive Director of the Company, as the Chairman of the Company.

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Board of Ruby Cables accepts resignation of director
Nov 15,2016

The Board of Ruby Cables accepts resignation of Rajendra Kumar Patel as Director of the Company with effect from 28 October 2016.

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Karnataka Bank launches special campaign
Nov 15,2016

Karnataka Bank has launched a special Current and Savings Bank account campaign. The nationwide campaign will remain in force for a period of three and half months from 15 November 2016 to 28 February 2017. The Bank plans to open more than 4.15 lakh current and savings bank accounts through this initiative.

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Board of Chokhani International appoints company secretary
Nov 15,2016

Chokhani International announced that Priyanshu Kumar Kandhway has been appointed as Company Secretary & Compliance Officer of the Company with effect from 14 November 2016 in Board Meeting, pursuant to the section 203 of companies Act, 2013 and Regulation 6(1) of Securities & Exchange Board Of India (Listing obligations & Disclosure Requirements) Regulations, 2015.

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Super Bakers (India) appoints director
Nov 15,2016

Super Bakers (India) announced that Ishwar Hemnani has been appointed as an Independent Director of the Company w.e.f. 14 November 2016.

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JK Paper to allot equity shares
Nov 15,2016

JK Paper announced that the Company is in receipt of Conversion Notices from Foreign Currency Convertible Bonds (FCCBs) Holders, seeking conversion of their FCCBs (Series 2) aggregating to Euro 65,00,000 into about 74 lakh Equity Shares of Rs. 10/- each of the Company.

Accordingly, the Company, upon completion of requisite procedural formalities, will be holding a meeting of Committee of Directors to allot the said Equity Shares upon conversion of such FCCBs.

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Board of L T Foods approves sub-division of equity shares
Nov 15,2016

The Board of L T Foods has approved sub-division of equity shares of the Company from one existing share of Rs 10 to 10 equity shares of Re 1 each.

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Somany Ceramics announces demise of Founder
Nov 15,2016

Somany Ceramics announced Hiralall Ji Somany - Founder of the Company passed away peacefully on 14 November 2016, at the age of 96.

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Smartlink Network Systems invests in wholly owned subsidiaries
Nov 15,2016

Smartlink Network Systems announced that the Company has made following investment in its Wholly Owned Subsidiaries on 15 November 2016.

1. In Digisol Systems (Digisol)

- Rs. 30,00,00,000/- (Rupees Thirty Crores Only) as subscription amount paid towards Non-Convertible Debentures (unlisted) and

- Rs. 5,00,00,000/- (Rupees Five Crores Only) paid as subscription amount towards Equity Shares.

2. In Synegra EMS (Synegra)

- Rs. 3,50,00,000/- (Rupees Three Crores Fifty Lakhs Only) as subscription amount towards Equity Shares.

Further, the Company has informed that:

3. Digisol Systems will be paying Smartlink Network Systems (Smartlink) Rs. 19.00 crore as lumpsum consideration towards Slump Sale.

4. Synegra EMS will be paying Smartlink Network Systems (Smartlink) Rs. 3.30 crore as lumpsum consideration towards Slump Sale.

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Edelweiss Financial Services allots equity shares
Nov 15,2016

Edelweiss Financial Services announced that the Share Allotment Committee has allotted 13,35,725 Equity Shares of the face value of Re. 1/- each under Edelweiss Employee Stock Option Scheme(s) of the Company.

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Integrated Capital Services director resigns
Nov 15,2016

Integrated Capital Services announced that R L Kaura, Director Finance of the Company has resigned with effect from 14 November 2016.

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Mukand gets ratings upgrade for FD programme
Nov 15,2016

Mukand has received up-gradation in credit rating from Brickwork Ratings India for Fixed Deposit Programme (Rs 115.48 crore) of the Company from BWR FBB to BWR FBB+.

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Advance Lifestyles director resigns
Nov 15,2016

Advance Lifestyles announced S Srinivasan, Independent Director on the Board of Directors, vide his letter dated 15 November 2016, offered the resignation from his post and the Board of Directors of the Company has accepted and approved the same with effect from the Close of the Board Meeting held on 15 November 2016.

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