Alembic Ltd has said that a meeting of the board of directors of Alembic Ltd and Alembic Pharmaceuticals Ltd (name changed from Alembic Pharma Ltd) will be held on March 31 to consider reconstitution of board due to demerger and consider other items relating to demerger including fixing of record date for ascertaining the eligibility of the members to receive the equity shares of Alembic Pharmaceuticals Ltd according to the Scheme of Arrangement approved by the High Court of Gujarat.

India Infoline Ltd has received SEBI's final approval for IIFL Mutual Fund sponsored by IIFL enabling commencement of mutual fund business and launching of mutual fund schemes in due course.

Indusind Bank Ltd's board of directors has decided to alter the Memorandum of Association of the bank to undertake all the activities, functions and obligations of depository participant and to solicit and procure life insurance business as a Corporate Agent and Reserve Bank of India has conveyed its 'No objection' for the above alterations.

(This article was published on March 23, 2011)
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