Company news

| Updated on January 12, 2018 Published on January 12, 2017

The board of Rishiroop on Thursday approved allotment of 14.02 lakh equity shares to holders of optionally convertible preference shares (OCPS). These shares were allotted as they exercised their option to convert their OCPS holdings to equity shares, according to the terms of the Scheme of Amalgamation sanctioned by the Mumbai and Gujarat high courts. Following the allotment, the equity share capital of the company stands increased to 90.40 lakh equity shares of ₹10 each, aggregating to ₹9.04 crore. Shares of Rishiroop tumbled 3.85 per cent at ₹35 on the BSE.

Techno Electric & Engineering Company has informed the exchanges that it has sold 33 MW wind power assets in Tamil Nadu for ₹165.19 crore. Post-transaction, the company continues to hold 12 MW of wind power assets. Techno Electric along with its subsidiary Simran Wind Project will have a portfolio of 129.9 MW of wind power assets after the transaction. Shares of Techno Electric moved up 1.53 per cent at ₹345.5 on the NSE.

Eros International Media, owned by Eros International Plc, plans to produce over 50 films across multiple languages in 2017-18. In a release to the exchanges, Eros said the company will also continue to selectively acquire content on an opportunistic basis. Eros has ramped up its own production across budgets, genres and languages through key partnerships. These partnerships include with producer-director Aanand L Rai and his joint production entity Colour Yellow Production, NextGen Films and Trinity Pictures, Eros’ in-house franchise label. The stock of Eros International gained 1.63 per cent at ₹177.75 on the NSE.

Published on January 12, 2017
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