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Aban Offshore Ltd has received orders from Oil & Natural Gas Corporation for the deployment of jack-up rigs Aban-3 and Aban-4 for a period of three years each. The value of the orders is about $138 million (Rs 620 crore).
Hanung Toys & Textiles Ltd's issue committee of the board of directors has decided to issue 64,00,000 global depository receipts at $5 each representing 64,00,000 equity shares with par value of Rs 10 each, subject to an over-allotment option of up to additional 9,60,000 receipts represented by an equivalent number of equity shares. The issue will open on April 18 and close on April 27, or when the issue is fully subscribed.
IDBI Bank Ltd has said the Ministry of Corporate Affairs has issued the final order dated April 8 approving the scheme of amalgamation of IDBI Home Finance Ltd and IDBI Gilts Ltd (wholly owned subsidiaries of IDBI Bank Ltd) with IDBI Bank Ltd effective from January 1, 2011, i.e., the appointed date.
IRB Infrastructure Developers Ltd has emerged as the preferred bidder for making the Ahmedabad-Vadodra section of National Highways 8 into six lanes for a length of 102.3 km and improvement of Ahmedabad-Vadodra expressway for a length of 93.302 km on design-build-finance-operate-transfer toll basis.
McNally Bharat Engineering Company Ltd has received an order from Steel Authority of India Ltd, Bhilai Steel Plant, for design, engineering, supply of equipment and commissioning by-product plant complex and its integration with existing facilities for new coke-oven battery valued at Rs 379 crore. The schedule time for completion is 24 months.
Modi Rubber Ltd has signed agreements with the Continental Group for the sale of 100 per cent shareholding in its subsidiary — Modi Tyres Company Ltd — subject to conditions. After completion of the transaction, Modi Tyres Company Ltd will become a wholly owned subsidiary of the Continental Group.
HDFC Bank Ltd's board of directors has approved the sub-division of equity shares of Rs 10 each info five equity shares of Rs 2 each, subject to approvals.
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