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IL&FS Engineering Services receives LoIs for Rural Electrification Works worth Rs 222.7 cr
Mar 20,2017

IL&FS Engineering & Construction Co (IL&FS Engineering Services) has received Letter of Intents (LOIs) for Rural Electrification (RE) Works of Jharkhand Bijli Vitran Nigam (JBVNL), Ranchi worth Rs. 222.7 crore in package of Sahibganj comprising Sahibganj and Pakur districts in Jharkhand state under Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY).

The scope of work includes supply and erection of all equipment and materials related to the contract for RE infrastructure development for connecting unconnected house-holds, agricultural feeder segregation, system strengthening & metering works.

These Projects are covered under DDUGJY of Rural Electrification Corporation and are funded by it under the Govt. of India Central Plan. The completion schedule of the works is 24 months.

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Union Bank of India gets ratings assigned for proposed AT-1 Bond issue
Mar 20,2017

Union Bank of India announced that India Ratings and Research has assigned IND AA/Stable rating to the Banks proposed fresh issue of Basel III compliant Additional Tier 1 bonds of Rs.1500 crore.

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Axis Bank allots 5,58,955 equity shares
Mar 20,2017

Axis Bank has allotted 5,58,955 equity shares of Rs. 2/- each on 20 March 2017, pursuant to exercise of options under its ESOP Scheme. The paid up share capital of the Bank will accordingly increase from Rs. 478,77,02,676 (239,38,51,338 equity shares of Rs. 2/- each) to Rs. 478,83,83,526 (239,41,91,763 equity shares of Rs. 2/- each).

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ICICI Bank allots 202,565 equity shares
Mar 20,2017

ICICI Bank has allotted 202,565 equity shares under ESOS on 16 March 2017.

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Shree Pushkar Chemicals & Fertilizers commissions 750 MTA H-acid plant
Mar 20,2017

Shree Pushkar Chemicals & Fertilizers announced the Commissioning of its 750 MTA H-acid plant at its unit no. III at B-97, MIDC Lote Parshuram. The trial run of the plant has commenced on 19 March 2017 and the commercial production is expected shortly.

As a result of its experience of over 10 years in the manufacture of H-Acid at its existing plant, the new plant incorporates the best of features for hassle free operations. The plants unique feature of Zero waste, by way of installing sophisticated multi stage evaporators and spray dryer ensures maximum recovery & recycle from its effluent streams, ensuring economies of operation.

With the commissioning of the aforesaid plant Shree Pushkar completes its plans as was brought out in its maiden IPO in September 2015.

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Outcome of board meeting of Marathon Nextgen Realty
Mar 20,2017

Marathon Nextgen Realty announced that the Board of Directors at its meeting held on 17 March 2017 approved the proposed development (IT Park) Phase-III at Marathon Futurex Premises, owned by Marathon Realty, Lower Parel, Mumbai 400013.

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Punj Llyod to allot 21.30 lakh equity shares
Mar 20,2017

Punj Llyod announced that the Committee of Directors of the Company on 14 March 2017 passed a resolution for allotment of:

- 4,10,000 equity shares of the Company of face value of Rs. 2/- each at a Price of Rs. 2/- per equity share under third grant of ESOP 2005;

- 17,20,000 equity shares of the Company of face value of Rs. 2/- each at a price of Rs. 2/- per equity share under seventh grant of ESOP 2006

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Mahindra Lifespace Developers provides update on rights issue
Mar 20,2017

Mahindra Lifespace Developers announced the outcome of the Rights Issue Committee meeting held on 20 March 2017.

1. BSE has been approved as the Designated Stock Exchange for the Issue.

2. Issue of up to 10,273,600 equity shares with a face value of Rs. 10 (ten) each for cash at a price of Rs. 292/- (Rupees Two Hundred Ninety-two only) per equity share including a premium of Rs. 282/- (Rupees Two Hundred Eighty-two only) per equity share (Rights Equity Shares) for an amount up to Rs.299.99 crore on a rights basis to the eligible equity shareholders of the Company in the ratio of 1:4, that is, 1 (one) Rights Equity Share for every 4 (four) fully paid-up equity shares of the Company held by existing equity shareholders as on the Record Date.

3. 31 March 2017 has been fixed as the Record Date for determining the shareholders eligible to apply for the Rights Equity Shares in the Issue.

4. Approved the appointment of intermediaries to the Issue.

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Aries Agro wins various awards
Mar 20,2017

Aries Agro has been conferred with the following Awards -

1) The National Record awarded by Limca Book of Records for the Largest Flash Sale of Specialty Plant Nutrient Products conducted during April 2016 at Bombay Stock Exchange, International Convention Center, Mumbai.

2) The highest independent honour in India namely the Skoch Gold Award for our consistent work serving Indian farmers.

3) Recognition with Skoch Order of Merit for being amongst the top 100 SMEs in India.

The above awards were conferred after detailed adjudication process carried out by the respective organizations.

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iStreet Network allots 1.25 lakh equity shares
Mar 20,2017

iStreet Network has allotted 1,25,000 equity shares on conversion of warrants. Post allotment, the paid up capital of the Company has increased from Rs. 8,47,00,000 to Rs. 8,52,00,000.

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Shyam Century Ferrous announces resignation of company secretary and compliance officer
Mar 20,2017

Shyam Century Ferrous announced that Rachna Pareek, Company Secretary & Compliance Officer of the Company has resigned from the services of the Company. The Company has accepted her resignation and relieved her from her responsibilities effective from close of the business hours of 18 March 2017.

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South India Paper Mills intimates of indefinite strike by workers union
Mar 20,2017

South India Paper Mills announced that Workers Union has commenced an indefinite strike w.e.f. 20 March 2017 at the Companys Paper Mill at Chikkayanachatra, Nanjangud.

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Patel Engineering to hold EGM
Mar 20,2017

Patel Engineering announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 18 April 2017 .

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Grasim Industries allots 27,905 equity shares
Mar 20,2017

Grasim Industries announced that the Board has approved the allotment of 27,905 equity shares of Rs 2 each on exercise of ESOS, 2013. Consequent to the above allotment, the equity share capital of the Company has increased to 46,68,37,110 equity shares of Rs 2 each aggregating to Rs 93.36 crore.

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Housing Development Finance Corporation allots 11,68,605 equity shares
Mar 20,2017

Housing Development Finance Corporation has allotted 11,68,605 equity shares pursuant to exercise of stock options. Post the above allotment, the paid up equity share capital would stand at Rs 317.66 crore consisting of 158,83,02,140 equity shares of Rs 2 each.

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