Comments
The board of Bhushan Steel has approved the sale and lease back arrangements of coke oven plant-1 and oxygen plant-V of the company at the integrated steel plant, Meramandali, Orissa. The stock of Bhushan Steel climbed 1.33 per cent to ₹42 on the NSE.
The board of directors of Mangalam Drugs and Organics on Monday approved the allotment of 12 lakh equity shares on conversion of 12 lakh share warrants of ₹10 each at a premium of ₹55 a share out of the total 26.50 lakh warrants allotted to the promoter group on a preferential basis. The shares were converted after receiving the balance amount. Shares of Mangalam Drugs closed at ₹235.30, down 1.24 per cent on the NSE.
Persistent Systems has informed the exchanges that Persistent Systems Inc, its wholly owned US subsidiary, has closed its previously announced acquisition of Akumina Inc's content management services business. On November 9, the company had signed an agreement with Akumina Inc, a Delaware Corporation, to acquire the assets and hire the employees of Akumina's content management services business. The terms of the acquisition were not disclosed and the acquisition was subject to customary closing conditions. Shares of Persistent Systems edged down 0.24 per cent to ₹651.40 on the NSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.