Corporate News

ARSS Infrastructure Projects Ltd has been awarded work orders by the Executive Engineer, Salandi Canal Division, Bhadrak, for providing cement concrete lining of Salandi Left Main Canal for a total value of Rs 36.82 crore.

Mahindra & Mahindra Ltd's Rudrapur plant in Uttarakhand, where there has been no production for the past three days on account of curfew imposed due to which employees/workers were not able to report to duties, has resumed operations as curfew has been relaxed during day time.

TTK Prestige Ltd 's board of directors, on Monday considered a scheme under which the kitchen appliances division of an unlisted company — Triveni Bialetti Industries Pvt Ltd — is proposed to be demerged into TTK Prestige Ltd, decided to constitute a sub-committee to look into the details and take appropriate decisions.

UTV Software Communications Ltd , which holds 56 per cent of the share capital of Indiagames, has entered into definitive agreements with the founder promoters and employee shareholders of Indiagames to acquire 30.02 per cent of the equity shares for a consideration of Rs 94.56 crore, increasing its stake in Indiagames from 56 per cent to 86.02 per cent when completed.

The company is negotiating with the remaining shareholders of Indiagames to purchase the balance holding to increase its shareholding in Indiagames to 100 per cent.