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The board of directors of DFM Foods has taken on record a share purchase agreement between West Bridge Crossover Fund LLC, Jwalamukhi Investment Holdings and the promoter shareholders of the company - Mohit Jain, Surekha Jain, Rohan Jain, Rashad Jain and The Delhi Flour Mills Co Ltd. The stock closed a tad higher at ₹259.1
Panasonic Appliances India Company's board has approved allotment of 2.89 lakh shares of face value ₹10 each at a premium of ₹115 an equity share to Panasonic Corporation consequent to conversion of 2.89 lakh zero coupon compulsorily convertible debentures of face value ₹125 each.
Consequent to the allotment, the paid-up equity share capital of the company increased to ₹9.89 crore from ₹9.54 crore. The stock closed flat at ₹52.
The board of Sintex Industries has constituted a committee of directors to evaluate and finalise disinvestment of its entire equity stake in Zep Infratech Ltd, its wholly owned subsidiary. The committee will evaluate the offers received or to be received, in the best interest of the company. The stock closed flat at ₹33.4. Meanwhile, Sintex reported an increase of 58 per cent in consolidated net profit at ₹84.71 crore for the third quarter ended December.
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