Foseco India Ltd has clarified, in response to an enquiry from the NSE, that it is not aware of or been notified of any intention to

buy out the minority shareholders as suggested in the news reports and it has no plans to make an open offer.

Grauer & Weil India Ltd's board of directors on June 15 approved the sub-division of equity shares of Rs 10 each into equity shares of Re 1 each.

Mastek Ltd's wholly owned subsidiary Mastek UK Ltd has signed a multi-year framework agreement for IT Services in the UK with an initial minimum commitment of GBP 8 million which is expected to materially improve its revenues in the forthcoming years. The deal will involve Mastek absorbing the transitioning cost of approximately GBP 0.4 million during the next quarter — July-September.

Mahanagar Telephone Nigam Ltd (MTNL) has received a refund order amounting to Rs 177.76 crore from the Income Tax Department pertaining to Assessment Year 2010-11.

Moser Baer Solar Ltd (MBSL), manufacturer of photovoltaic (PV) module, with a view to increase its presence in the US market has entered into a distribution partnership with Munro Distributing Company Inc of Raynham, Mass, US. Munro will offer MBSL's multi-crystalline silicon solar modules and utilise them to design commercial turnkey solar PV systems for its customers.

Rallis India Ltd has commenced commercial production at its new manufacturing facility at Dahej SEZ, Gujarat .

NESCO Ltd, which had earlier announced sub-division of equity shares of Rs 10 each into 10 shares of Re 1 each, has decided not to split its equity shares now.

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