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IndusInd Bank allots AT1 Bonds aggregating Rs 1000 cr
Mar 23,2017

IndusInd Bank announced that the Finance Committee of the Board has allotted 10,000 Rated, Listed, Non-Convertible, Perpetual Subordinated Unsecured Basel III-compliant Bonds in the nature of Debentures towards non-equity regulatory Additional Tier 1 Capital (AT1 Bonds), for Face Value of Rs.10 lakh each for cash aggregating to Rs.1,000 crore (Rupees One Thousand crore only) on Private Placement basis. The aforesaid Bonds will be issued in dematerialised form and will be listed on the Wholesale Debt Market (WDM) segment of National Stock Exchange of India.

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Mahindra & Mahindra provides update on indirect subsidiary - Mahindra Retail
Mar 23,2017

Mahindra & Mahindra announced that Mahindra Retail (MRPL), an indirect subsidiary of the Company, has sold its entire shareholding (100%) in Mahindra Internet Commerce (MICPL). Hence, MICPL has ceased to be a subsidiary of MRPL and as such of the Company.

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L&T Technology Services inaugurates delivery center in Munich
Mar 23,2017

L&T Technology Services inaugurated its new center of excellence dedicated for a leading German Original Equipment Manufacturer(OEM) in Munich Germany, its fourth delivery center for the customer following R&D hubs in Mumbai, Bangalore and Mysore in India.

The delivery center will also be instrumental in hiring local talent and foster skill development for the youth in Munich region and Germany. Through LTTS focus on automotive technologies, the center will propel the regional economy into the next phase of growth, delivering quality services, expanding workforce, and supporting major projects in the region through innovative engineering processes.

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Religare Enterprises announces change in CEO
Mar 22,2017

Religare Enterprises announced that Nalin Nayyar has stepped down as Interim CEO with effect from 22 March 2017. Further, Maninder Singh who was appointed as Chief Business Officer of the Company and currently looking after the business and corporate affairs of Religare Group has been elevated as Group CEO of the Company with effect from 22 March 2017. He has also been designated as a Key Managerial Personnel under the Companies Act, 2013

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Axis Bank raises Senior Notes in International Market
Mar 22,2017

Axis Bank announced that the Board of Directors of the Bank has passed a resolution approving the allotment of 1 year Senior Fixed Rate Notes aggregating to USD 16,200,000 (USD Sixteen Million two hundred thousand only), under the MTN Programme through its Dubai International Financial Centre (DIFC) branch.

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JM Financial allots 7,75,326 equity shares
Mar 22,2017

JM Financial has allotted 7,75,326 equity shares of the face value of Re.1/- (Rupee One Only) each under ESOP schemes. Subsequent to the allotment of equity shares as above, the paid-up equity share capital of the Company is Rs.79,45,25,114/- representing 79,45,25,114 equity shares of the face value of Re. l/- each.

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Petron Engineering Construction receives LoI for contract worth Rs 21 crore
Mar 22,2017

Petron Engineering Construction has received Letter of Intent from Shree Cement, Beawar, Rajasthan for Civil Work at their Cement Plant at Gulbarga, Karnataka for total contract Value of Rs. 21.00 crore (approx.)

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Vaibhav Global wins two awards
Mar 22,2017

Vaibhav Global has been adjudged rank first at the India Gem & Jewellery Awards 2016 in the Silver Jewellery and Highest CSR categories for the financial year 2015-16 by the Gem & Jewellery Export Promotion Council (GJEPC).

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3i Infotech allots 2,14,76,000 preference shares to SREI Equipment Finance
Mar 22,2017

3i Infotech has allotted 2,14,76,000 (Two Crore Fourteen Lakh Seventy Six Thousand) 0.10% Cumulative Non-Convertible Redeemable Preference Shares of face value Rs. 5/- each at par (Class B Preference Shares) on a preferential basis to SREI Equipment Finance upon their accession to the Supplemental Master Restructuring Agreement on 02 March 2017 under Debt Realignment Scheme.

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Just Dial gets NCLT approval for scheme of arrangement
Mar 22,2017

Just Dial announced that the National Company Law Tribunal, Mumbai Bench has approved the Scheme of Arrangement between Just Dial (Company) and Just Dial Global and their respective shareholders and creditors (Scheme) on 22 March 2017. The Company is awaiting the receipt of the certified copy of the order from the National Company Law Tribunal, Mumbai Bench. The Scheme will come into effect upon filling certified true copy of order with the Registrar of Companies at Mumbai, Maharashtra.

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Bank of Baroda raises Rs 1000 crore
Mar 22,2017

Bank of Baroda has issued 9.14% Basel III Compliant AT 1 Bonds Series IV of face value of Rs 10 lakh each aggregating Rs 1000 crore on 22 March 2017.

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DCB Bank allots 2,05,950 equity shares
Mar 22,2017

DCB Bank has allotted 2,05,950 equity shares of Rs.10/- each on 22 March 2017, pursuant to the terms of the Employee Stock Option Plan (ESOP) of the Bank. Post this allotment, Banks issued and paid up share capital has increased to 285,364,353 shares of Rs.10/- each.

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Aditya Birla Nuvo allots 6495 equity shares
Mar 22,2017

Aditya Birla Nuvo has allotted 6,495 equity shares of Rs 10 each on 22 March 2017 under ESOS 2013. The paid up share capital has increased to Rs 130.25 crore comprising of 1302,56,073 equity shares of Rs 10 each.

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Amines & Plasticizers gets NCLT approval for scheme of amalgamation
Mar 22,2017

Amines & Plasticizers announced that the Honble National Company Law Tribunal, Guwahati Bench, Assam has confirmed the Amalgamation of APL Engineering Services (wholly owned subsidiary of the Company) with the Company vide its Order dated 22 March 2017.

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Aban Offshore announces appointment of nominee director
Mar 22,2017

Aban Offshore announced that the State Bank of India has nominated Pradeep Kumar as a Director on the Board of the Company on 22 March 2017.

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