DHFL: Brickwork Ratings India downgraded its rating on secured NCD of the employer worth Rs 29,000 crore to AA (credit score watch with negative implications) from AA+ (credit score watch with developing implications), mentioning degrowth in the enterprise due to incapability to raise the budget. Alok Industries: National Company Law Tribunal approved the decision plan submitted by way of Reliance Industries, JM Financial Asset
Reconstruction Company and JM Financial Asset Reconstruction Company (as trustee to JMF ARC – March 2018 – Trust). Sharda Motor Industries: Board unanimously accredited the scheme of association of the business enterprise with the resulting agency currently underneath incorporation within the call of NDR Auto Components Limited. The program affords for the demerger of Automobile Seating mission into the resulting organization.
GMR Infrastructure: Subsidiary GMR Airports received the formal Letter of Award from MIHAN India Limited, the concessioning authority for the Nagpur Airport, in the direction of the development, operations, and management of Dr. Babasaheb Ambedkar International Airport, Nagpur, at a revenue proportion of 14.49 percent of gross sales. Vishal Bearings: Board allocated 44, ninety-six,000 equity shares of Rs 10 every, as bonus shares to the one’s individuals of the organization entitled to it as on March 04, 2019, being report date fixed for the cause.
Bharat Electronics: Board declared the 2nd intervening time dividend of 70 paise in keeping with a share of Re 1 every absolutely paid-up (70 percentage) for the economic 12 months 2018-2019. Sun Life Sciences: Board authorized the introduction of absolutely owned subsidiary (WOS) Suven Pharma, Inc, a Delaware Company in Uthe SA beneath CRAMS department, and investment of $75 million within the said WOS for new commercial enterprise opportunities and acquisitions, and so forth. HG Infra Engineering:
The company has received a letter from NHAI with appreciation to nullifying the bidding procedure and re-inviting the bids for brand spanking new EPC challenge beneath NHAI for the reaction of 6-lane access managed Green subject dual carriageway in Rajasthan. Mangalam Cement: Board accepted the amalgamation of Mangalam Timber Products Limited with the agency and accepted a loan of as much as Rs five crore to Mangalam Timber Products. Salora International: The organization proposed voluntary delisting of fairness share from the National Stock Exchange of India without giving go out the possibility to the shareholders because the fairness stocks of the business enterprise will retain to stay indexed on BSE Limited. Monte Carlo Fashions:
The company will dispatch the Letter of Offer in conjunction with the soft paperwork for the buy-returned to eligible shareholders performing on the document date of February 22, on or earlier than March thirteen, 2019. The buyback will open on March 19 and be near on April 2. Bharat Dynamics: Company has fixed March 27 because of the report date for the charge of the first meantime dividend. Tata Motors: Global wholesales in February, together with Jaguar Land Rover, dropped 9 percent to one,10,262 units YoY. C:
The company completed the acquisition of a 37 percent stake in CES Technology Services Private Limited. Celebrity Fashions: Promoter Rama Rajagopal created a pledge on an extra 7.8 lakh stocks (1. Sixty-four percentage of paid-up fairness). He created a pledge on thirteen.71 percentage stake out of overall 18.81 percent. Mcleod Russel: Company decided to take away its estates and bearer plant life and other assets of Boroi Tea Estate in Assam, and for the said, it entered right into a Memorandum of Understanding with Jatinga Agro Tech Private Limited. CG Power and Industrial Solutions: Company finished the divestment of its energy enterprise within the US
The automation business is based out of Spain. Hence, the board determined to re-classify its organizations. As of now, the non-cash impact of such re-classification is expected to be about Rs 200 crore inside the consolidated financial statements. Cipla: Company’s completely owned subsidiary Goldencross Pharma Private Limited, has finished the ultimate of Wellthy Therapeutics Private Limited, a transaction representing an 11.71 percent stake in Wellthy. Eveready Industries:
DSP Trustee cuts its stake inside the agency by using 3.Eight percentage to one.09 percentage. Religare Enterprises: Board of directors of Religare Broking and Religare Commodities accredited a merger scheme, and therefore, Religare Commodities will merge with Religare Broking. Dilip Buildcon: Company has been declared L-1 bidder for EPC project in Maharashtra, NH-547E, valued at Rs 480.06 crore through the National
Highways Authority of India. Nitesh Estates: Company correctly controlled to reduce its debt by using Rs 407.88 crore from the general consolidated debt. Through its fully owned subsidiary Nitesh Indiranagar Retail Private Limited, the organization has signed Share Purchase Agreements with Abbey’s Realtors LLP, a nominee of Ela Realty Private Limited, Group Entity – ABIL Group, and offered its a hundred percentage holdings in step down Tier- II.
Subsidiary – Koregaon Park High Street Properties Private Limited. Dhampur Sugar Mills: CARE reaffirmed its agency’s score with revision in outlook from ‘A-; Negative to A-; Stable for long time credit score centers from banks and stuck deposits. UCO Bank: Competent Authority has fixed difficulty fee of Rs 14.25 in step with pea percentage for brand spanking new equity shares to be issued under UCO Bank Employee Share Purchase Scheme 2019. Oil India: Company obtained two oil blocks in Tripura and KG Offshore.
Sun TV Network: Board declared a fourth meantime dividend of Rs 2.50 per percentage of Rs 5 every for the monetary yr 2018-19. Zicom Electronic Security Systems: Board appointed Dhaval Mehta as an (additional) impartial director of the business enterprise. Bulk deals on March eight Wipro: Promoter Azim Premji Trust bought 2 sixty-six 66,667 stocks at Rs 256.Fifty-eight in step with proportion on the BSE. Laurus Labs: Amanda Holdings Private Limited purchased 12,09,249 shares of the organization at Rs 350 according to the NSE and 10,18,308 stocks at the same price at the BSE. Anup Engineering:
Avadh Material and Equipment Suppliers LLP bought 1,39,369 shares of the corporation at Rs 548.35, consistent with pea percentage on the NSE and 59,633 shares at Rs 556.53 in step with the percentage at the BSE. Vikas EcoTech: Margi Jigneshbhai Shah bought 21,75,000 stocks of the business enterprise at Rs 11.45, consistent with the proportion at the NSE. Balaji Telefilms:
Shobha Ravi Kapoor offered 7,02,964 shares at Rs 87 to keep pea percentage on the NSE. Granules India: Promoter Krishna Prasad Chigurupati offered 50,00,000 shares of the employer at Rs one zero one.08 in line with sha are on the NSE. Thermax: Reliance Mutual Fund bought 10,00,000 stocks of the corporation at Rs 940 in step with percentage, while Impax Environmental Markets PLC sold 6,04,436 shares at Rs 940.02 on the BSE.