Amrutanjan Health Care Ltd has, in order to forward integrate from products to services, has entered into a new business activity, viz, pain management. The company will shortly open its first centre for specialised pain management in T.Nagar, Chennai, which would provide treatment from non-invasive to invasive interventions. More details on this can be obtained from the company's Web site.

Indosolar Ltd has entered into a Memorandum of Understanding with GCL Solar System Ltd, China to explore the possibility of development of solar farms in India and the details would be worked out in due course.

Jindal Steel & Power Ltd intends, through a subsidiary, Jindal Steel and Power (Australia) Pty Ltd (JSPA), to make an on-market takeover offer for all of the shares in Rocklands Richfields Limited (Rocklands) listed on Australian Stock Exchange. JSPA is offering AUD $0.25 cash for every Rocklands share held. The offer values Rocklands' total equity at approximately AUD $88 million. JSPA currently holds a 14.46 per cent interest in Rocklands and has received approval of Foreign Investment Review Board, Australia, to increase its stake above the 15 per cent threshold.

YES Bank Ltd's board of directors on April 20 empowered the Capital Raising Committee, a sub-Committee of the Board, to raise funds by way of issuance of equity capital up to $500 million in one or more tranches on such terms and conditions as it may deem fit. The issuance may be by way of Qualified Institutions Placement or any other international offering like Global Depository Receipts / American Depository Receipts, or by any other appropriate mode as decided by the Capital Raising Committee.

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