CORPORATE
ANNOUNCEMENTS
GVK Power share allotment
GVK Power & Infrastructure Ltd (GVKPIL) has informed BSE that in terms of the scheme of arrangement amongst GVK Industries Ltd and GVK Power & Infrastructure Ltd and their respective shareholders, as approved by the High Courts of Andhra ...
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Suven gets 2 European patents for neuro treatment
Patents valid till June 2022
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Shetron gets nod for $25-m issue
Shetron Ltd has informed the BSE that shareholders at an EGM on November 26 unanimously approved the company’s plan to raise $25 million from issue of instruments and authorised it to borrow up to Rs 200 crore. - Our Bureau ...
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PREFERENTIAL ALLOTMENTS
DCM Shriram allowed to proceed with postal ballot for allotment
No prima facie evidence that allotment is oppressive: CLB
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Sterlite Optical share allotment
Sterlite Optical Technologies Ltd has informed the BSE that the allotment committee of the board approved and allotted to Twin Star Overseas Ltd, Mauritius, a promoter entity, 28 lakh shares towards third and final tranche of preferential ...
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OVERSEAS BORROWINGS
Tyche Peripheral to issue $25-m FCCBs
Hyderabad, Nov. 27 Tyche Peripheral Systems Ltd has informed BSE that the company has approved issue of FCCBs (foreign currency convertible bonds) worth $25 million along with a decision to hike the authorised capital from Rs 20 crore to Rs ...
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NEW BUSINESS
Kirloskar Brothers bags Rs 2,500-cr worth orders in AP
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AWARDS & HONOURS
HMT (I) gets Star Performance award
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PwC India bags award
PricewaterhouseCoopers (PwC), a professional services firm, has been named ‘India Tax Firm of the Year’ by the International Tax Review (ITR). The award was presented to Mr Dinesh Kanabar, Tax leader, and Mr Shyamal Mukherjee, Deputy ...
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CORPORATE BONDS
Summit, Horizon TV exercise option to convert Goldstone warrants
Hyderabad, Nov. 27 Summit Communications and Horizon Television have exercised their option to convert warrants of Goldstone Technologies to shares. Consequently they have been allotted 2,70,000 shares each equivalent to 14.67 per cent of the ...
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MERGERS & ACQUISITIONS
Nirma acquires Searles Valley of US
Becomes one of the 7 largest soda ash producers in the world
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GMR arm buys stake in Nepal co
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Well-timed to capitalise on price trends
Undisclosed deal size a concern for Nirma
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NEW PROJECTS
Burnpur Cement plans IPO
Proceeds to be used for setting up plant in Jharkhand
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GACL plant commissioned at Dahej
The state-owned Gujarat Alkalies and Chemicals Ltd’s (GACL) plant for anhydrous aluminium chloride (AAC) went on stream at its Dahej complex in Bharuch district of Gujarat last week, the company announced today. The plant, with a production ...
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Alok Ind setting up terry-towel plant in Silvassa
Gets final approval for textile SEZ
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Orissa Sponge up on steel plant plans
The Orissa Sponge stock, after having gone into hibernation for a week, spurted once again by 5 per cent on Tuesday. The buzz driving the stock since September was that the loss-making company has not only got a lifeline in the form of financial ...
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AMD Metplast nod for Uttarakhand unit
AMD Metplast Ltd has informed the BSE that in terms of approval of the board of directors on November 19, the company has approved setting up an integrated textile unit in the notified industrial area situated at Padartha village in Haridwar, ...
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OVERSEAS INVESTMENTS
JK Tyre plans expansion in China
New Delhi, Nov 27 JK Tyre & Industries Ltd is looking to increase its outsourcing activity to China by about 10 per cent. The company, which currently has around five-six Chinese partners who manufacture tyres under the JK brand ...
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Manikchand’s Oxyrich mineral water to enter S. Africa, W. Asia
Mumbai, Nov. 27 The Pune-based Dhariwal Industries is taking its Manikchand Oxyrich mineral water to South Africa and West Asia. The Rs 800-crore diversified company primarily known for its ghutkas is planning to set up ...
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Knowledge Infra to acquire 50% stake in Indonesian coalmine
Knowledge Infrastructure Systems Pvt Ltd, a privately-held coal trading company, will be acquiring 50 per cent stake in an Indonesian coalmine by December.The company will be able to supply 9 million tonnes of coal per annum ...
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DLF to acquire controlling stake in Aman Resorts
New Delhi, Nov. 27 DLF Ltd would partner with Founder and Chairman of Singapore-headquartered Aman Resorts, Mr Adrian Zecha, to acquire a controlling stake in the luxury resort chain. The deal has an enterprise value of $400 million with an ...
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OUTLOOK
IndianOil talks on Turkey refinery inconclusive
‘More meetings likely next month’
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GAIL gets rights to market entire Panna-Mukta output
Decision may push company’s revenues by Rs 5,000 cr
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Bhushan Steel price movements surprise analysts
We do not have a clue as to why the prices have gone up so high: CFO
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PERFORMANCE
Focus on basics pays for Orchid Chem
Co likely to add Rs 400 cr to topline
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