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Bajaj Corp Ltd has fixed May 6 as record date for the subdivision of equity share of Rs 5 each into five equity shares of Rs 1 each.
Bhushan Steel Ltd has proposed to set up a Pickling Line coupled with Tandom Cold Mill & Continuous Annealing Line (PLTCM & CAL) at Orissa with the capacity of 1.8 MTPA at a total investment of approximately Rs 5,000 crore.
Hinduja Ventures Ltd has said that the High Court of Judicature at Mumbai has approved the Scheme of Amalgamation of HTMT Telecom Private Ltd with Hinduja Ventures Ltd on April 15.
Wendt (India) Ltd informed that it has come to know from the press releases and Web site of Winterthur Technologie AG and 3M USA that 3M has acquired 96.3 per cent of the issued shares of Winterthur Technologie AG. 3M has also declared its intention to merge Winterthur Technologie AG with 3M, Switzerland.
The acquisition of Winterthur Technologie AG by 3M has resulted in 3M indirectly acquiring 40 per cent shares of the company. The indirect acquisition of 40 per cent shares by 3M has been challenged by Carborundum Universal Ltd before the Company Law Board Bench, Chennai, and is pending before the Bench.
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