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Vikas Wsp plans to allots 5.95 crore equity shares
Jun 03,2017

Vikas Wsp plans to allot 5,95,00,000 Equity shares of Rs. 1 each at premium of Rs. 9/- per equity shares (i.e. Rs. 10 including premium) fully paid aggregate amounting to Rs. 59.50 crore on preferential basis to the Promoter and qualified investor. The Board will consider the proposal on 08 June 2017.

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Vedanta gets revision in ratings
Jun 03,2017

Vedanta announced that the ratings for the Company have been revised by India Ratings & Research as under -

Vedanta - IND AA/ Stable (Revised from IND AA/ Negative)

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Hinduja Global Solutions announces resignation of CEO for UK & Europe region
Jun 03,2017

Hinduja Global Solutions announced that Matthew Vallance, who has been the CEO for HGS in the UK & Europe since 2013, shall be moving on to pursue his interest outside HGS. The Company is in process of appointing new CEO for the region.

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Board of Gokul Refoils and Solvent decides to divest edible oil refinery at Haldia
Jun 03,2017

Gokul Refoils and Solvent announced that the Board of Directors of the Company at its meeting held on 02 June 2017 have decided to divest the business division comprising of the edible oil refinery located at Debhog, Haldia, West Bengal.

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Grasim Industries allots 5,775 equity shares
Jun 03,2017

Grasim Industries announced that the Stakeholders Relationship Committee of the Board of Directors of the Company has approved allotment of 5,775 Equity shares of Rs. 2 each of the Company upon exercise of restricted stock units under the Companys Employee Stock Option Scheme, 2013

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Jammu and Kashmir Bank to allot 3,55,25,321 equity shares to Govt. of J&K
Jun 03,2017

Jammu and Kashmir Bank announced that it has received approval from the Reserve Bank of India and share allotment money from the Government of Jammu & Kashmir. Accordingly, a meeting of the Committee constituted for allotment of 3,55,25,321 equity shares of Re 1 each fully paid to the Government of Jammu & Kashmir under preferential allotment has been scheduled for 07 June 2017.

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Can Fin Homes plans sub-division of equity shares
Jun 03,2017

Can Fin Homes has plans for sub-division of equity shares of the company. The Board will consider the proposal on 23 June 2017.

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Credit Analysis & Research appoints director
Jun 03,2017

Credit Analysis & Research has appointed Sadhana Dhamane (DIN: 01062315) as an Additional Director (Non-Executive) with effect from 02 June 2017.

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Reliance Communications updates on debt resolution plan
Jun 03,2017

Reliance Communications has been engaged in discussions with itslenders to finalise an overall debt resolution plan, with the objective of :

- expeditiously closing the already announced strategic transactions with Aircel and Brookfield, to immediately reduce debt from Rs.45,000 crore to approx. Rs.20,000 crore; a reduction of 60% OR Rs. 25,000 crore.

- developing a sustainable long term plan for servicing the Companys remaining debt.

Based on applicable guidelines, the lenders have today constituted a Joint Lenders Forum (JLF) to consider and approve the Companys plans in this regard.

The lenders have taken note of the advanced stage of implementation ofRCOMs strategic transformation programme involving inter alia thetransactions for the Wireless and Towers Business.

The lenders have proposed to give time of 7 months till December 2017 tocomplete the above transactions, and reduce its debt by a substantial amount of Rs 25,000 crore, or 60%.

RCOM will also present to the lenders its sustainable long term plans forservicing the remaining debt of Rs 20,000 crore.

As part of the above, there will be a Standstill on the Companys debt servicing obligations for the next 7 months till end December, 2017.

In the event the transactions are not completed in the above timeframe, the Lenders may exercise their right to convert their debt, in accordance with applicable SDR guidelines.

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Capri Global Capital shifts registered office
Jun 03,2017

Capri Global Capital has shifted registered office to the following new address within local city limits with effect from 01 June 2017 -

502, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 400 013.

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Board of Sharda Motor Industries recommends final dividend
Jun 03,2017

Sharda Motor Industries announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 6.25 per equity Share (i.e. 62.5%) , subject to the approval of the shareholders.

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Board of Siyaram Silk Mills recommends final dividend
Jun 03,2017

Siyaram Silk Mills announced that the Board of Directors of the Company at its meeting held on 27 May 2017, inter alia, have recommended the final dividend of Rs 15 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

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Board of SMS Pharmaceuticals recommends final dividend
Jun 03,2017

SMS Pharmaceuticals announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 0.2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Board of Sonata Software recommends final dividend
Jun 03,2017

Sonata Software announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 5.5 per equity Share (i.e. 550%) , subject to the approval of the shareholders.

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Board of Signet Industries recommends final dividend
Jun 03,2017

Signet Industries announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 0.05 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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