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Corporate News

Our Bureau Coimbatore | Updated on April 19, 2011 Published on April 19, 2011

Fame India Ltd's board of directors on Tuesday has approved rights issue upto Rs 90 crore. The decision about the ratio of the issue, price, etc, will be made by the rights issue committee of directors constituted for the purpose.

L&T's board of directors on April 6 has approved seeking of shareholders approval for transfer of the Electrical & Automation (E&A) business to a subsidiary and / or associate company or to any other entity as a going concern or otherwise in accordance with Companies Act.

Shakti Pumps India Ltd has fixed April 29 as the record date to allot bonus shares in the ratio of 1:1.

Suryachakra Power Corporation Ltd on Tuesday decided to issue GDRs upto $ 25 million to be listed on the Luxembourg Stock Exchange. The GDR issue is scheduled to open for subscription from Tuesday.

Triveni Engineering & Industries Ltd has said that the High Court of Judicature at Allahabad has on Tuesday pronounced the judgement sanctioning the Scheme of Arrangement (Scheme) between Triveni Engineering & Industries Ltd (demerged company), Triveni Turbine Ltd (resulting company) and their respective shareholders and creditors vide which the steam turbine business (demerged undertaking) of the demerged company will be demerged into the resulting company with effect from the appointed date, i.e., October 1, 2010.

Western India Shipyard Ltd has signed a repair order with Aban Offshore Ltd for repair of ABN II, a large jack up oil rigs at an estimated value of about of Rs 60 crore.

Published on April 19, 2011
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