JK Paper: JK Paper Ltd has now informed BSE that the Company has decided at its meeting of Committee of Directors held on December 22, 2016, to sell 20 per cent shareholding of OJPPL to OHC, one of the joint venture parties.
Tata Motors: The sentiments that prevailed at the Tata Motors extraordinary general meeting mirrored the EGMs at the storied group’s other companies, with a majority of shareholders speaking in favour of Tata Sons’ interim chairman Ratan Tata.
Tata Metaliks: The company has said the amalgamation of Tata Metaliks DI Pipes with itself is effective from Thursday. Both firms are part of Tata Steel.
Welspun Enterprises Ltd: Welspun Enterprises a part of $2.3 billion Welspun Group, on Thursday announced plans to buy back up to 25% of its share capital at a price of Rs62 per equity share.
Suzlon: Wind turbine maker Suzlon Energy LtdBSE -0.14 % on Thursday said it would sell a 49 per cent stake in its special purpose vehicle (SPV) Rudra Solarfarms Ltd to Canadian solar firm AMP Solar Group for Rs14 crore, said a media report.
Centrum Capital: The promoters of Centrum Capital have increased their stake in the merchant banking firm through open market purchases, taking their total stake to 37.25 per cent in a Rs 51-crore deal.
Igarashi Motors India Ltd: The company informed BSE that the meeting of the Board of Directors of the Company is scheduled on December 26, 2016, to discuss and consider business re-organization, including amalgamation of group Company(ies), to achieve synergies in business operation.
JBM Auto: JBM Auto Ltd informed BSE that a meeting of Board of Directors is scheduled to be held on December 29, 2016, to re-consider the proposal for various fund raising options including through Qualified Institutions Placement subject to taking of shareholders’ approval.
Goodluck Steel Tubes: The company announced that a meeting of the Board of Directors of the Company is scheduled to be held on 27 December 2016, inter alia, to issue and allot warrants convertible into equal number of equity shares to promoters on preferential basis
Edelweiss Financial Services: Edelweiss Financial Services is planning to raise Rs 600-750 crore through a public issue of its consumer lending unit, ECL Finance, according to several people close to the development.
Hinduja Ventures: Hinduja Ventures Ltd has informed BSE that the Board of Directors at its meeting held December 22, 2016, has approved the disinvestment of 4,36,47,056 equity shares of Rs. 10 each held by the Company in Hinduja Energy (India) Limited.