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Our Bureau

Coimbatore, March 11 The name of Bajaj Auto Ltd will be changed to Bajaj Holdings & Investment Ltd and the trading symbol of the company will be changed from BAJAJAUTO to BAJAJHLDNG w.e.f. March 14.

ACC Ltd has on March 11 divested its wholly owned subsidiary ACC Machinery Company Ltd to HNG Group for a consideration of Rs 45 crore.

Heritage Foods India Ltd’s board of directors has decided to authorise the management committee of the board of directors to identify the party(ies), finalise, settle & transfer 20,40,000 equity shares of Heritage Infra Developers Ltd (subsidiary company of Heritage Foods (India) Ltd) of face value of Rs 10 each at a best price and execute such documents/deeds/papers/agreement as may be required to finalise and settle the transaction.

KEC International Ltd has announced that the company has been awarded two contracts by Madhya Pradesh Power Transmission Company Ltd for the supply and construction of a 220 KV Double Circuit Transmission line from Dewas to Ashta (128 km) and LILO at Jabalpur on Birsinghpur — Amarkantak Transmission Line (150 km.).The total value of the two contracts is Rs 46 crore. Both the projects are scheduled to be completed by July 2009.

Walchandnagar Industries Ltd’s board of directors has decided to seek shareholders’ approval for investment of funds up to Rs 1,000 crore in excess of the limit prescribed under Section 372 A of the Companies Act, 1956 and for alteration to object clause of the memorandum of company to explore possibilities of leveraging the existing core competencies to enable the company to undertake projects in the field of developing, constructing, maintaining and operating various infrastructure facilities and to carry on business of chartering aircrafts as Non- Schedule Operator.

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