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Rajsanket Realty to hold board meeting
Feb 23,2017

Rajsanket Realty will hold a meeting of the Board of Directors of the Company on 28 February 2017, to consider and approve the allotment of Secured, Unlisted, Redeemable, Non - Convertible Debentures of the Company on receipt of monies, on private placement basis.

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Mercator concludes sale of Floating Production Unit of Mercator Offshore
Feb 23,2017

Mercator announced that the sale of Floating Production Unit of Mercator Offshore has been concluded. The sale proceeds have been realized and will be used towards repayment of high cost debt and for other operational purposes.

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Trident gets upgradation in credit ratings
Feb 23,2017

Trident has received upgradation in credit ratings from Credit Analysis & Research for bank facilities of the Company as under -

Long term bank facilities (Rs 2334.85 crore) - CARE A+; Stable (Revised from CARE A)

Long term/short term bank facilities (Rs 1200 crore) - CARE A+; Stable / CARE A1 (Revised from CARE A/ CARE A1)

Short term bank facilities (Rs 350 crore) - CARE A1 (Reaffirmed)

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L&T Technology Services announces strategic collaboration with UTC business units
Feb 23,2017

L&T Technology Services and UTC Climate, Controls & Security and Otis, units of United Technologies Corp announced a strategic collaboration to create an innovation laboratory focused on integrated buildings, smart homes and cold chain technologies. The lab will be located at LTTS Bengaluru campus, with support from the UTC business units.

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Bharti Airtel to acquire Telenor (India)
Feb 23,2017

Bharti Airtel announced it has entered into a definitive agreement with Telenor South Asia Investments to acquire Telenor (India) Communication. The acquisition is subject to requisite regulatory approvals.

As part of the agreement, Airtel will acquire Telenor Indias running operations in seven circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.

The proposed acquisition will include transfer of all of Telenor Indias assets and customers. It will include addition of 43.4 MHz spectrum in the 1800 MHz band.

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Board of Archit Organosys approves time schedule for rights issue time
Feb 23,2017

Archit Organosys announced that the Board of Directors of the Company at its meeting held on 22 February 2017 has considered and approved the following time schedule for issue of equity shares having face value of Rs 10 each at a price of Rs 25 per share on rights basis to eligible shareholders of the company as on record date of 11 February 2017.

Issue opening date - 2 March 2017
Last date for receipt of request of split application forms - 9 March 2017
Issue closing date - 16 March 2017

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Star Ferro and Cement receives order of NCLT approval for scheme of amalgamation
Feb 22,2017

Star Ferro and Cement has received on 21 February 2017 the certified copy of the order dated 07 February 2017, passed by the Guwahati Bench of the Honble National Company Law Tribunal (NCLT) sanctioning the Scheme of Amalgamation of Star Ferro and Cement (Transferor Company) with Star Cement (Transferee Company).

Further, the Company and Star Cement respectively have filed the copy of the aforesaid order vide INC-28 with the Registrar of Companies, Shillong on 22 February 2017.

Accordingly, the Scheme of Amalgamation is effective with effect from the Appointed date i.e., 01 April 2016.

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Asian Oilfield Services provides update on binding LoI of approximately USD 57 million
Feb 22,2017

Asian Oilfield Services announced that the Companys wholly owned subsidiary Asian Oilfield & Energy Services DMCC, Dubai has signed a contract for providing Operations and Maintenance Services (O&M) for an offshore production unit operating at EBOK field offshore Nigeria. The total value of contract is about US$ 95 million for a total period of 5 years (inclusive of client options).

The Company has now informed that the Company have earlier announced on 27 December 2016 about receipt of a binding Letter of Intent (LOI) for contract of approximately US$ 57 million for providing O&M services for 3 years. The above contract of US$95 million for a total period of 5 years (inclusive of client options) is for the same LOI.

The Companys wholly owned subsidiary Asian Oilfield & Energy Services DMCC has also entered into an agreement to acquire 99.99% shareholding of Ivorene Oil Services Nigeria (a company registered under Nigeria) to provide local support for this O&M contract.

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Huhtamaki PPL gets NCLT approval for scheme of arrangement
Feb 22,2017

Huhtamaki PPL announced that the Honble Mumbai Bench of National Company Law Tribunal (NCLT) at its hearing held on 22 February 2017, sanctioned the Scheme of Arrangement of Positive Packaging Industries and Webtech Labels with Huhtamaki PPL, and their respective shareholders and creditors.

Further, on receipt of the Certified True copy of the NCLT Orders, the same will be filed with the Registrar of Companies and the Scheme/Merger would become effective on such filing.

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Board of Baba Arts approves commencement of new business activity
Feb 22,2017

Baba Arts announced that the Board of Directors of the Company at its meeting held on 22 February 2017 has approved the commencement of new business of import, export, wholesale and retail trading of PVC resin, HDPE, LDPE, PP and all kinds of plastic raw materials and goods.

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Karnataka Bank wins two awards
Feb 22,2017

Karnataka Bank has bagged two IBA- Banking Technology Awards 2017 under the following categories -

Winner - Best Financial Inclusions Initiatives (Small Bank) category
Runner up - Best use of Digital and Channels Technology (Small Bank) category.

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Outcome of board meeting of Cyber Media (India)
Feb 22,2017

Cyber Media (India) announced that the Board of Directors of the Company at its meeting held on 22 February 2017 has approved the following -

Alteration in the terms of loan agreement entered with the Promoter and Promoters Group subject to approval of shareholders.

Issue of equity shares on preferential basis to Promoters and Promoters Group.

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Board of Richway International Trade approves delisting of shares from BSE Institutional Trading Platform
Feb 22,2017

The Board of Directors of Richway International Trade in its meeting held on 22 February 2017 has approved delisting of equity shares of the Company from BSE Institutional Trading Platform, subject to approval of shareholders.

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Rashtriya Chemicals & Fertilizers announces cessation of director
Feb 22,2017

Rashtriya Chemicals & Fertilizers announced that Prof. Damodar Acharya has ceased to be an Independent Director on the Board of the Company w.e.f. 30 January 2017 consequent upon the completion of his term.

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Bharti Airtel acquires strategic equity stake in Seynse Technologies
Feb 22,2017

Bharti Airtel announced that the Company through its subsidiary, Bharti Airtel Services has acquired a strategic equity stake in Seynse Technologies, a financial technology company.

Seynse has created the popular digital lending platform Loan Singh, which enables easy loan for credit-worthy yet under served borrowers. Seynse has built a proprietary credit engine and advance machine learning capacity to serve customers.

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