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Electrotherm (India) Ltd has incorporated a wholly owned subsidiary in the Republic of Mali, Africa in the name of Electrotherm Mali SARL.
Insecticides (India) Ltd's new plant at GIDC Industrial Estate, Dahej in Gujarat has begun commercial operations from March 31.
Rohit Ferro-Tech Ltd's board of directors has approved issuance of equity shares through ADR/GDR/FCCB/ QIP/OCD and any other securities, as the board may decide from, time to time for an amount not exceeding $100 million and to increase the limit for FII investment in the company.
Titan Industries Ltd has clarified that till date the board of directors has not considered issue of bonus shares.
Vascon Engineers Ltd's board of directors has approved the buyout of 20 per cent of share of Ajanta Enterprises , a partnership firm, at a cost of Rs 55 crore from a wholly owned subsidiary of the company.
Ajanta Enterprises is having land in Kharadi and has launched the project Forest County, Kharadi last year. The board also has decided not to proceed with merger of wholly owned subsidiary companies as decided earlier.
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