Indo Asian Fusegear Ltd's board of directors has recommended that it would be appropriate to evaluate the re-alignment of the businesses of Wire & Cables and Lightings, etc, that operate through a vast retail marketing network and the metering business conducted with fewer but major customers into two segments to be made effective in the current financial year (i.e. April 1, 2011). It appointed a Special Committee of Directors to seek advice from experts.

Jaiprakash Power Ventures Ltd (JPVL) has said that a meeting of the equity shareholders of JPVL, and creditors of Jaypee Karcham Hydro Corporation Ltd (JKHCL) and Bina Power Supply Power Ltd (BPSCL) will be held on April 30 for the purpose of considering, and if thought fit, approving, with or without modification(s), the proposed Scheme of Amalgamation of JKHCL and BPSCL with JPVL.

The Peria Karamalai Tea & Produce Company Ltd has approved sale of shares of The Andhra Pradesh Paper Mills Ltd to IP Holding Asia Singapore Pte Ltd, a subsidiary of International Paper Company, USA, and has executed a share purchase agreement defining the terms of sale along with certain other related documents.

Adverting to the substantial increase in trading volume in Reliance MediaWorks Ltd, the company has stated that developments, if any, which concern stake holders of the company will be intimated in due course and at appropriate time.

Surana Telecom and Power Ltd has entered into a lease agreement with Fortuneart Wires and Cables Private Ltd, Secunderabad, for lease of its power cables manufacturing facilities along with assets thereof situated at IDA, Cherlapally, Hyderabad, for a period of three years. The company has entered into a MoU with Unichem Laboratories Ltd, Goa, for transfer of its leasehold rights on the plot in Pilerne Industrial Estate, Pilerne, Bardex, Goa consequent upon closure of its Jelly Filled Telecom Cables business.

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