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Board of Brigade Enterprises approves scheme of arrangement
Dec 15,2016

Brigade Enterprises announced that the Board of Directors of the Company at its meeting held on 15 December 2016 approved the scheme of arrangement whereby three of the business undertakings of the Company, namely, the hotels business undertaking integrated clubs and convention centres business undertaking and Augusta Club business undertaking of the Company, will be transferred, on a going concern basis to Brigade Hotel Ventures, Brigade Hospitality Services and Augusta Club, respectively. All the three transferee companies are wholly owned subsidiaries of the Company. The Appointed Date for the transfer is 01 October 2016.

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Board of Saboo Sodium Chloro approves preferential issue of equity shares
Dec 15,2016

Saboo Sodium Chloro announced that the Board of Directors of the Company at its meeting held on 15 December 2015 has approved issue and allotment of 50 lakh equity shares on preferential basis to promoters of the Company and public.

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Rishiroop to consider conversion of preference shares under scheme of amalgamation
Dec 15,2016

Rishiroop announced that a meeting of the Securities Issue Committee of the Board of Directors of the Company is scheduled to be held on 12 January 2017, interalia, to consider and approve the allotment of equity shares to the holders of 1% Optionally Convertible Preference Shares (OCRS) who have tendered their OCPS for conversion to equity shares as per the terms of the Scheme of Amalgamation with Rishiroop Rubber (International) approved by the High Court.

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Narayana Hrudayalaya to consider issue of NCDs
Dec 15,2016

Narayana Hrudayalaya announced that a Meeting of the Board of Directors of the Company will be held on 22 December 2016, inter alia, to consider the notice of the Postal Ballot for seeking shareholders approval by way of Special Resolution to issue Non-Convertible Debentures and appointment of Scrutinizer.

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Board of Pil Italica Lifestyle approves allotment of convertible warrants
Dec 15,2016

Pil Italica Lifestyle announced that the Board of Directors of the Company at its meeting held on 15 December 2016 has approved and allotted 2.50 crore warrants convertible into equity shares at a consideration of Rs 15 per warrant to promoters and non-promoters.

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Outcome of board meeting of Zee Media Corporation
Dec 15,2016

Zee Media Corporation announced that while reviewing various funding options for the Radio business being acquired by the Company, the Board of Directors of the Company at the meeting held on 15 December 2016 had granted in-principle approval for availing Secured Loan of upto Rs. 500 crore from Arm Infra & Utilities, one of the Promoters of the Company.

Further, at the said meeting held on 15 December 2016, the Board had also approved a Notice seeking Shareholders approval for certain proposals by way of Postal Ballot / E-voting.

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Board of Jainco Projects (India) accepts resignation of director
Dec 15,2016

Jainco Projects (India) announced that the meeting of Board of Directors of the Company held on 15 December 2016 has considered and approved the resignation of Sushil Kumar Bahnsali from his directorship w.e.f. 15 December 2016.

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Kayel Securities appoints company secretary
Dec 15,2016

Kayel Securities announced Bhavna B. Shah, Member of the Institute of Company Secretaries of India has been appointed as a Company Secretary and Compliance officer of the Company w.e.f. 15 December 2016, pursuant to section 203 of the Companies Act, 2013 and Regulation 6(1) of the Securities and Exchange Board of India (listing Obligations and Disclosure Requirements) Regulations, 2015.

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Suraj Industries announces demise of director
Dec 15,2016

Suraj Industries announced that Janeshwar Kumar Jain, Whole Time Director expired on 15 November 2016.

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Vakrangee and HDFC ERGO General Insurance Company enter into Corporate Agency Agreement
Dec 15,2016

Vakrangee and HDFC ERGO General Insurance Company have entered into a Corporate Agency agreement for distribution of General Insurance products.

While HDFC ERGO will be able to leverage distribution network of more than 26000 outlets of Vakrangee including areas currently not served or underserved, Vakrangee will have added range of quality product to offerthrough its vast distribution network. Following the tie-up, citizens, especially in un-served and underserved areas, shall be able to access quality General Insurance products and services offered/to beoffered by HDFC ERGO General Insurance Company.

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IndusInd Bank launches new app - IndusPay
Dec 15,2016

IndusInd Bank has launched a new app - IndusPay, on the Unified Payments Interface (UPI) platform to facilitate digital payments and money transfer.

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Williamson Magor & Company provides business update
Dec 15,2016

Williamson Magor & Company announced that the Company has been advised by McNally Bharat Engineering Company (MBECL), McNally Sayaji Engineering [MSEL] and Kilburn Engineering [KEL] of which Williamson Magor & Company are a Promoter that MBECL, KEL and MSEL have decided not to go ahead with the proposal of merger of MBECL, MSEL, EMC with KEL.

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Avantel secures patent for an invention
Dec 15,2016

Avantel has been granted a patent by the Government of India, the Paten, Office, for an invention entitled INTEGRATED ULTRA HIGH FREQUENCY SYSTEM (SATCOM & LINE OF SIGHT) FOR VOICE AND DATA COMMUNICATION TO WORK WITH INDIAN SATELLITE for a term of 20 years commencing from the 30 September 2009.

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Savant Infocomm director resigns
Dec 15,2016

Savant Infocomm announced that Haider M. Sithawalla, a Director on our Board has resigned with effect from 12 December 2016.

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China Stocks struggle after Fed raises rates
Dec 15,2016

Mainland China stock market closed at one-month lows on Thursday, 15 December 2016, after the U.S. Federal Reserve raised interest rates and signaled a faster pace of interest-rate increases than expected in 2017. Strength in small-caps was offset by a tumble in banking shares, triggered by a dramatic sell-off in bond markets that raised the spectre of liquidity crunch in the banking system. The Shanghai Composite Index fell 0.73% to 3,117.68, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.67% to 1,972.91. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 0.65% to close at 1,975.85 points.

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