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COMPANY NEWS

Headlines:

Indian stocks edge higher in lackluster trade; ITC up 3%

Indraprastha Gas gets Board nod to raise FII limit to 30%  -   28/04/2017 11:14
I ndraprastha Gas (IGL) said that it has received Board approval to increase foreign institutional investors shareholding limits to 30 per cent of the paid up share capital of the Company. “The board of directors at their meeting held on April 27, 2017, has approved to increase foreign institutional investors (FIIs) / foreign portfolio investors (FPIs) shareholding limits from 24 per cent of paid u...
Jindal Stainless plans to raise up to Rs 600 cr via NCDs  -   28/04/2017 10:58
J indal Stainless said that it is planning to raise up to Rs 600 crore via non-convertible debentures (NCDs) on private placement basis. The company said in a BSE filing today that its board "approved the proposal" for issuance of NCDs, subject to the approval of the shareholders, for "an aggregate amount of up to Rs 600 crore, in one or more tranches, on a private placement basis". Founded by O P Jind...
Kotak Mahindra Bank to buy Old Mutual’s stake in insurance arm  -   28/04/2017 09:52
P rivate sector lender Kotak Mahindra Bank (KMB) has said that it is buying out British partner Old Mutual’s entire 26 per cent stake in its life insurance arm for Rs1,292.7 crore. “In line with its philosophy to deepen and expand in Indian financial services, KMB has entered into an agreement to purchase the entire 26% equity stake held by Old Mutual in Kotak Mahindra Old Mutual Life Insuranc...
Sun TV Network launches new comedy channel  -   28/04/2017 09:30
S un TV Network Limited, one of the largest Television Broadcasters in India has said that it has launched new ‘Surya Comedy Channel which is the first 24 hours Malayalam comedy channel to its bouquet of Malayalam channels consisting of Surya TV, Surya Movies, Surya Music and Kochu TV. “The new channel will be on air from April 29, 2017,” the company said in a filing to the Bombay Stock...
Chembond Chemicals to acquire shares of subsidiary company  -   28/04/2017 09:30
C hembond Chemicals has said that it has entered into an agreement to acquire the equity shares of Chembond Solenis Water Technologies Limited (CSWTL) (subsidiary company) from Solenis Netherlands B.V. “After the said acquisition, the subsidiary company shall become a wholly owned subsidiary of the Company. The trading window is already closed between 26th April, 2017 and 8th May, 2017 (both days i...
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