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Kedia Construction Company to hold board meeting
Jun 07,2017

Kedia Construction Company will hold a meeting of the Board of Directors of the Company on 10 June 2017.

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Saboo Sodium Chloro to hold board meeting
Jun 07,2017

Saboo Sodium Chloro will hold a meeting of the Board of Directors of the Company on 12 June 2017.

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Lotus Chocolate Company to hold board meeting
Jun 07,2017

Lotus Chocolate Company will hold a meeting of the Board of Directors of the Company on 12 June 2017.

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Sudal Industries to hold board meeting
Jun 07,2017

Sudal Industries will hold a meeting of the Board of Directors of the Company on 14 June 2017.

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Nitin Castings to hold board meeting
Jun 07,2017

Nitin Castings will hold a meeting of the Board of Directors of the Company on 10 June 2017.

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Bank of Maharashtra reviews MCLR rates
Jun 07,2017

Bank of Maharashtra has reviewed MCLR rates with effect from 07 June 2017 as under -

Overnight - 8.30%
One month - 8.35%
Three month - 8.40%
Six month - 8.75%
One year - 8.75%

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Reliance Communications gets revision in credit ratings
Jun 07,2017

Reliance Communications announced that Moodys Investors Service has revised corporate family rating and senior secured bond rating to Ca from Caa1 and outlook is negative. Also Fitch Ratings has revised Companys Long-Term Foreign and Local-Currency Issuer Default Ratings to RD from CCC and revised the bond rating to C/RR4 from CCC/RR4.

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Idea Cellular allots 233,230 equity shares
Jun 07,2017

Idea Cellular has allotted 233,230 equity shares of Rs 10 each under ESOS on 05 June 2017. With this allotment, the equity share capital of the Company stands increased to 3606040941 equity shares of Rs 10 each aggregating to Rs 3606.04 crore.

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Zydus Cadila gets USFDA approval to market Mesalamine Delayed - Release Tablets USP, 1.2 g
Jun 07,2017

Zydus Cadila announced that USFDA has given its final approval to market Mesalamine Delayed - Release Tablets USP, 1.2 g in the US market. Zydus Cadila was the first to file an Abbreviated New Drug Application for a generic version of Lialda (mesalamine). The product will be manufactured at the Maurya manufacturing facility.

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GMR Airports wins greenfield Heraklion airport project at Crete Island, Greece
Jun 07,2017

GMR Airports, a subsidiary of GMR Infrastructure announced that it has been selected to Develop, Operate and Manage the New InternationalAirport of Heraklion at Crete in partnership with Greek infrastructure major TERNA S.A. (100% subsidiary of GEK TERNA Group). GMR Airports will be the designated Airport Operator in the consortium for this project.

The scope of the project involves Design, Construction, Financing, Operation, and Maintenance & Exploitation of the New Heraklion Crete International Airport. The concession period for the Greenfield project will be 35 years including Phase 1 Construction of 5 years.

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Karur Vysya Bank revises MCLR, Base Rate and BPLR
Jun 07,2017

Karur Vysya Bank has revised MCLR, Base Rate and BPLR of the Bank with effect from 07 June 2017.

MCLR rates are as below -
Overnight - 8.95%
One month - 8.95%
Three month - 8.95%
Six month - 9.15%
One year - 9.35%

The revised Base Rate is 10.10% and BPLR is 15.10%.

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Trigyn Technologies allots 137,500 equity shares
Jun 06,2017

Trigyn Technologies has allotted 137,500 equity shares under Trigyn Technologies Limited Employee Stock Option Plan - 2000 scheme of the Company.

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Board of Source Industries (India) approves change in directorate
Jun 06,2017

Source Industries (India) announced that the Board of Directors of the Company at its meeting held on 06 June 2017 transacted the following -

Appointed M Srikanth as Managing Director of the Company
Accepted Resignation of Lalit Kumar Gupta
Jaya Mahadev Yerramsetti has resigned as Managing Director and continue as Director of the Company

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Adani Enterprises intimates of dilution of its stake in Adani Green Energy
Jun 06,2017

Adani Enterprises announced that pursuant to the allotment of further equity shares by Adani Green Energy, the Companys stake has been diluted below 50%. Consequently, Adani Green Energy has ceased to be a subsidiary of the Company with effect from 06 June 2017.

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Aegis Logistics enters into share subscription agreement
Jun 06,2017

Aegis Logistics has entered into a Share Subscription Agreement with its subsidiary Aegis Gas (LPG) (AGPL) and AGPLs subsidiary Hindustan Aegis LPG (HALPG), and Itochu Petroleum Co., (Singapore) (Itochu), with respect to the subscription by Itochu to equity shares of HALPG representing 19.7% of the paid-up share capital of HALPG, subject to the terms and conditions set out in the Agreement (Share Subscription Agreement).

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