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JSW Steel gets revision in credit ratings
Jul 13,2017

JSW Steel has received revision/ assignment of credit ratings for its various debt facilities from ICRA as under -

ICRA has reaffirmed the long-term rating to the Rs. 5,351.04 crore(reduced from Rs. 10,082.16 crore) non-convertible debenture (NCD) programme and the Rs. 22,583.05 crore (enhanced from Rs. 21,754.12crore) term loans / Standby Letter of Credit facilities of JSW Steel (JSW Steel) at [ICRA]AA- (pronounced as ICRA double A minus)

ICRA has also assigned an [ICRA]AA- rating to the Rs. 5,000.00 crore proposed term loans and the Rs. 5,000.00 crore proposed NCD programme of JSW Steel. The outlook on the long-term rating, however, has been revised to Stable from Negative.

ICRA has reaffirmed the [ICRA]A1+ (pronounced ICRA A one plus) rating to the Rs. 3,500.00 crore commercial paper (CP) programme, the Rs. 1,400.00 crore (reduced from Rs. 1,488.00 crore) fund-based bankfacilities and the Rs. 16,800.00 crore (enhanced from Rs. 15,619.50 crore) non-fund based bank facilities of JSW Steel.

ICRA has also reaffirmed the long-term rating at [ICRA]AA- and the short-term rating at [ICRA]A1+ for the Rs. 5,844.40 crore (enhanced from Rs. 4,370.66 crore) long term/short term, fund based/non-fund based bank facilities of JSW Steel and revised the outlook on long-term rating to Stable from Negative.

ICRA has also assigned an [ICRA]A1+ rating to the Rs. 1,500.00 crore proposed CP programme of JSW Steel.

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Patel Integrated Logistics allots 6,49,311 equity shares
Jul 13,2017

The Board of Directors of Patel Integrated Logistics at its meeting held on 12 July 2017 inter alia approved allotment of 6,49,311 Equity Shares of face value of Rs.10/- each on conversion of same no. of Convertible Equity Warrants fully paid up at an issue price for Rs. 115/- (including premium of Rs.105/-) per Equity Warrant by the Company on preferential basis to Strategic Investor, Frontline Strategy, a company registered in Mauritius, not forming part of the Promoter Group of the Company in terms of SEBI (ICDR) Regulations, 2009 and as per special resolution passed by the members at their Extra Ordinary General Meeting held on 28 December 2015.

Consequent to such allotment, the Paid-up Equity Share Capital of the Company has increased from Rs.15,88,66,120/- consisting of 1,58,86,612 equity shares of Rs.10/- each to Rs. 16,53,59,230/- consisting of 1,65,35,923 equity shares of Rs.10/- each.

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Board of Cadila Healthcare appoints MD and COO
Jul 13,2017

The Board of Directors of Cadila Healthcare approved the appointment of Dr Sharvil P Patel as Managing Director of the Company. The Board approved the appointment of Ganesh Nayak as Whole Time Director who is designated as Chief Operating Officer and Executive Director of the Company. Current, Chairman and Managing Director Pankaj Patel, will continue as the Chairman of the Company, he has stepped down as the Managing Director.

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Religare Enterprises withdraws rating assigned to Commercial Paper
Jul 13,2017

Religare Enterprises announced that it has withdrawn its short-term rating [ICRA]A1+ assigned by ICRA to the Rs. 700 crore commercial paper/short term debt programme of the Company as there is no amount outstanding against the rated instruments for this rating and the Company does not intend to use the same in near future.

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Yes Bank allots 1,40,950 equity shares
Jul 13,2017

Yes Bank has allotted 1,40,950 equity shares on 12 July 2017 under ESOP. The paid up share capital has accordingly increased to Rs 457.63 crore comprising of 45,76,35,440 equity shares of Rs 10 each.

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BEML signs MoU with National Law School of India University
Jul 12,2017

BEML has signed a Memorandum of Understanding with National Law School of India University for capacity enhancement. By this MoU, BEML would avail the services of NLSIU inter alia for improved qualitative business documentations including Legal Consultancy Services.

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Omaxe announces resignation of director
Jul 12,2017

Omaxe announced that Lt. Gen. (Retd.) Bhupinder Singh, Independent Director has resigned from the Board of Directors on 12 July 2017.

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Kirloskar Ferrous Industries suspends operations of Mini Blast Furnance at Koppal Plant
Jul 12,2017

Kirloskar Ferrous Industries announced that one Mini Blast Furnance at Koppal plant has been suspended temporarily from 12 July 2017 onwards due to market condition.

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Kumaka Industries appoints company secretary
Jul 12,2017

Kumaka Industries has appointed Ankita Gupta as Company Secretary with effect from 12 July 2017.

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MSR India bags work order
Jul 12,2017

MSR India has bagged Rs 2 crore work order from Silicon CNC Profiles on behalf of Bharat Dynamics, Govt. of India.

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IndusInd Bank allots 18,965 equity shares
Jul 12,2017

IndusInd Bank has allotted 18,965 equity shares of Rs. 10/- (Rupees Ten Only) each on July 12, 2017 to those grantees who had exercised their option under the Companys Employee Stock Option Scheme.

The said shares will rank pari-passu with the existing shares of the Company in all respect.

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Tejas Networks to hold board meeting
Jul 12,2017

Tejas Networks will hold a meeting of the Board of Directors of the Company on 27 July 2017 to consider and approve inter alia the unaudited financial results of the Company for the quarter ended June 30, 2017.

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Avenue Supermarts to hold board meeting
Jul 12,2017

Avenue Supermarts will hold a meeting of the Board of Directors of the Company on 22 July 2017 Quarterly Results

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TV18 Broadcast to hold board meeting
Jul 12,2017

TV18 Broadcast will hold a meeting of the Board of Directors of the Company on 18 July 2017 for approval of Unaudited Financial Results for the quarter ended June 30, 2017 and Closure of Trading Window.

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Tivoli Construction to hold board meeting
Jul 12,2017

Tivoli Construction will hold a meeting of the Board of Directors of the Company on 28 July 2017 Quarterly Results

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