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Corporate News

Our Bureau | Updated on March 03, 2011 Published on March 03, 2011

Amrutanjan Health Care Ltd has entered into an agreement with Siva's Soft Drink Pvt Ltd, Chennai to acquire its soft drink and fruit based beverages business along with the brand ‘Fruitnik' for a total consideration of Rs 26.20 crore.

Sanwaria Agro Oils Ltd has approved issue of bonus shares in the ratio of 1:1.

Gangotri Textiles Ltd's board of directors has decided to sell one or more units of the company for repayment of loan.

Kemrock Industries and Exports Ltd has entered into a joint venture with DSM Composite Resins AG, The Netherlands, for the manufacture of specialty resins in India.

Punjab National Bank, in response to the expression of interest received from intending companies for a strategic partnership in the insurance business, has decided to participate in the life insurance venture, through a ‘corporate agency tie-up along with equity participation in an existing Indian life insurance company' and RFPs have been issued today to 10 bidders who had proposed this model'.

Valecha Engineering Ltd has bagged project order worth Rs 104 crore which is its third BOT project to be implemented through its subsidiary Valecha Infrastructure Ltd.

Published on March 03, 2011

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