Atlas Copco India Ltd has received on January 26 a communication from the acquirer (Atlas Copco AB) informing that after considering prevailing market conditions and with a view to reward shareholders, they are willing to accept equity shares tendered in the delisting offer at a price of Rs 2,250 an equity share.

However, this offer price should in no way be construed as a ceiling or maximum price for the purpose of the reverse book-building process contemplated herein and the public shareholders are free to tender their equity shares at any price higher than the offer price in accordance with the Delisting Regulations or a commitment by us to accept up to 36,62,204 equity shares tendered in the Delisting Offer if the Discovered Price (price at which maximum shares have been tendered in the reverse book building process) is Rs 2,250 or less or any restriction on the ability of the acquirer to acquire shares at a price higher or lower than offer price.

Bank of India has convened a meeting of the Board of Directors on February 1 to consider raising equity share capital of the bank.

Bilpower Limited 's Board of Directors has approved raising of funds by way of rights issue in the ratio of 1:1 at a price of Rs 70 a share (i.e. Rs 10 being the face value and Rs 60 share premium) and raising additional amount up to Rs125 crore by way of GDR / ADR subject to approval of the members.

Bhagyanagar India Ltd's Board of Directors has approved buy back of the company's fully paid-up equity shares of Rs 2 each from open market through stock exchange mechanism for an amount not exceeding Rs 14 crore from a minimum of 40,00,000 shares up to a maximum of 80,00,000 shares and up to a maximum price of Rs 35 an equity share and to divest the company's entire stake in wholly-owned subsidiary Bhagyanagar Telecom Ltd.

JSW Steel Ltd has been successful through open bidding process in acquiring the assets of Integrated Steel Plant division of Bellary Steel & Alloys Ltd under the provisions of the Securitisation Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The company has paid final consideration aggregating Rs 210 crore towards the acquisition of land, building and plant and machinery of the partially completed 0.5 mtpa integrated steel plant.

The company is yet to obtain possession of these assets due to certain pending litigations. The Board ratified the actions of the company taken for the purchase of the assets.

Jyothy Laboratories Ltd's Board of Directors, taking note of expansion plan of its subsidiary company Jyothy Fabricare Services Ltd (JFSL), has granted ‘in-principle' approval to JFSL for raising up to Rs 150 crore through equity/debt on private placement basis.

National Thermal Power Corporation Ltd has said that a joint venture company of NTPC Ltd and Nuclear Power Corporation of India Ltd (NPCIL) has been incorporated on January 27 under the name 'Anushakti Vidhyut Nigam Ltd'.

NPCIL shall hold 51 per cent of the equity share capital and NTPC 49 per cent in the company formed for the development of nuclear power projects.

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