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Motherson Sumi Systems acquires Finland based auto component major PKC Group Plc
Mar 27,2017

Motherson Sumi Systems announced that it has acquired Finland based global auto component major PKC Group Plc for approximately Euro 571 million. The acquisition will help the Company expand its footprint significantly in American and European commercial vehicle market segment.

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Godrej Properties enters into development agreement with Shivam Realty
Mar 27,2017

Godrej Properties has entered into a development management agreement with Shivam Realty to develop a residential group housing project off the Akurli cross road at Hanuman Nagar, Kandivali East, Mumbai. Spread over 5 acres, the project will offer approximately 93,000 square meter (1 million sq. ft.) of saleable area and will be developed as a modern residential development comprising of apartments of various configurations.

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Shares of Sarthak Metals get listed
Mar 27,2017

The equity shares of Sarthak Metals (Scrip Code: 540393) are listed effective 27 March 2017 and admitted to dealings on the Exchange in the list of M Group Securities.

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Shares of Jash Dealmark get listed
Mar 27,2017

The equity shares of Jash Dealmark (Scrip Code: 540394) are listed effective 27 March 2017 and admitted to dealings on the Exchange in the list of MT Group Securities.

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Outcome of board meeting of Orient Press
Mar 25,2017

Orient Press announced that in the meeting of the Board of Directors of the Company held on 24 March 2017 the board of directors has considered and approved the following items along with other agenda items:-

1. The Board has approved the appointment of M/s Bhanwarlal Gurjar & Co., CMA, Surat, as Cost Auditors of the Company to conduct Cost Audit relating to Cost records of the Company for the financial year ending 31 March 2017.

2. The Board has approved reduction in Interest rate from 11.00% to 10.00% p.a. on new Fixed Deposit to be accepted from Members w.e.f. 01 April 2017.

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Solar Industries India issued Commercial Paper aggregating Rs 25 crore
Mar 25,2017

Solar Industries India has issued Commercial Paper for an aggregate amount of Rs 25 crore on 24 March 2017 in favour of ICICI Bank, having maturity of 21 June 2017.

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Bajaj Corp wins CFO of the Year Award
Mar 25,2017

Bajaj Corp announced that the Company has received fe CFO of the Year Award in the category of Medium Enterprises Manufacturing Company in recognition of the Companys robust financial control at an event organised by The Financial Express.

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Shares of Urja Global get listed on NSE
Mar 25,2017

Urja Global has received approval of listing of equity shares of the Company on the National Stock Exchange with effect from 28 March 2017.

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Infibeam Incorporation allots 4818 equity shares
Mar 24,2017

Infibeam Incorporation has allotted 4818 equity shares under ESOS. Post the allotment, the paid up equity share capital has increased to 5,34,57,557 equity shares of Rs 10 each.

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Speciality Restaurants gets reaffirmation in ratings for line of credit
Mar 24,2017

Speciality Restaurants announced that ICRA has reaffirmed the long term rating of ICRA A+ and short term rating of ICRA A1 rating assigned to Rs 100 crore line of credit of the Company. The outlook on the long term rating has been revised to Negative from Stable.

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ICICI Bank allots 335,975 equity shares
Mar 24,2017

ICICI Bank has on 23 March 2017 allotted 335,975 equity shares under ESOS.

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Board of Rane Engine Valve appoints CFO
Mar 24,2017

Rane Engine Valve announced that the Board of Directors of the Company at its meeting held on 24 March 2017 have inter alia approved the appointment of V K Vijayaraghavan as Chief Financial Officer effective 16 February 2017.

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Federal Bank allots 10,98,446 equity shares
Mar 24,2017

Federal Bank has allotted 10,98,446 Equity Shares with face value of Rs. 2/- each of the Bank to the Option Grantees has been made upon exercise of stock options under ESOS 2010 Scheme for which allottees have paid money.

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SMS Pharmaceuticals invests Rs 6.98 crore in VKT Pharma
Mar 24,2017

SMS Pharmaceuticals has invested an amount of Rs 6.98 crore in VKT Pharma, an associate company, by subscribing to 3.10 lakh equity shares of Rs 10 each at a price of Rs 225 per share, including premium of Rs 215 per share.

Consequent to this investment, the total holding of the Company has increased to 40.26% of total paid up share capital of VKT Pharma.

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Bharat Forge divests 23% stake in power equipment JV with Alstom
Mar 24,2017

Bharat Forge has divested 23% of its stake holding in power equipment JV with GE (erstwhile Alstom), Alstom Bharat Forge. The transaction for the balance 26% equity would be consummated upon receipt of customer approvals for certain projects. Pending this, the Company has received the entire amount of USD 35 million on agreed terms of sale.

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