Corporate News

Our Bureau Coimbatore | Updated on April 07, 2011

ARSS Infrastructure Projects Ltd has received a work order from the Executive Engineer, Panikoili on April 6 for Rs 44.65 crore.

With reference to the unsecured, redeemable, Non-Convertible Bonus Debentures of Rs 5 each issued by it, Dr Reddy's Laboratories Ltd has informed that the liquidity facility required to be provided to the debenture holders shall be provided by DSP Merrill Lynch Capital Ltd and is scheduled to open on April 7. Details are available on the Web site of DSP Merrill Lynch Capital Ltd (

Minda Industries Ltd has sold its entire shareholding in Minda Realty & Infrasturcture Ltd and MR& IL is no more a subsidiary of MIL.

Novopan Industries Ltd is facing acute shortage of wood which is a major raw material for production of particle boards and consequently, has stopped the operations at its manufacturing units at Patancheru and Shadnagar for want of raw material.

Simbhaoli Sugars Ltd's board of directors approved the Scheme of Arrangement for transfer and vesting of SDD Alcohol Undertaking of the company to Simbhaoli Spirits Ltd. The appointed date for the scheme is October 1, 2010, or as may be approved and the total consideration for transfer and vesting of the SDD Alcohol Undertaking of transferor company in transferee company shall be Rs 136 crore which shall be discharged by issue and allotment of 1,70,00,000 equity shares of the face value of Rs 10 at a premium of Rs 70 each of the transferee company to the transferor company, subject to necessary approvals.

Spanco Ltd (as lead partner) in consortium with Smart Chip Ltd (as consortium partner) has received a Letter of Intent (LOI) in respect of introduction of e-Governance in transport department (non-commercial wing), Punjab, for a period of five years. The order value amounts approximately to Rs 61 crore.

Published on April 07, 2011

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