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Our Bureau

Coimbatore, Sept. 25 Akruti City Ltd has, with reference to a report about Barclays Capital having acquired a stake in Akruti City Ltd (ACL) from the promoters of ACL for approximately Rs 350-400 crore, clarified that the promoters of ACL have not sold any stake to Barclays Capital. However, the company does have a working relationship with Barclays Bank PLC.

Areva T&D India Ltd has fixed October 29 as the record date for the sub-division of equity shares of Rs 10 each into 5 equity shares of Rs 2 each.

Gujarat Narmada Valley Fertilisers Company Ltd (GNFC) has said that its Board of Directors at its meeting held on September 25 decided to seek the approval of the shareholders for authorising the Board to contribute to charitable and other funds, etc, not directly relating to the business of the company or the welfare of its employees of a sum up to Rs 99.30 crore during the financial year 2008-09.

Info Edge (India) Ltd has proposed to invest Rs 20 crore towards a 49 per cent equity stake in Etechaces Marketing and Consulting Pvt Ltd which is in the business of distributing financial products online.

NMDC Ltd, with reference to reports on divestment of shares of NMDC, has stated that there is no proposal for further divestment of any shares as of now.

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