held a conference call over the recent broker report that raised several corporate governance issues. There was also a news that the SEBI is planning to reopen the insider trading probe pertaining to the Ranbaxy acquisition. Dilip Shanghvi has said that points raised by the broker are sourced from public domain sources and are already known to the markets. Some of the points raised are old, unrelated, and misinformed. Read here
(HUL) announced a merger with GSK Consumer Healthcare
(GSKCH) in an all share deal, with a swap ratio of 4.39 shares of HUL given for every share of GSKCH, implying a total equity value of Rs31,700cr. Read here
The board of directors of Yes Bank
have approved the appointment of T. S. Vijayan as an Additional Director (Independent) of the Bank with immediate effect and his appointment as Independent Director for a period of 5 years, is subject to the approval of shareholders in the next General Meeting of the Bank. Read here
acquired controlling stake of 51% in Springway Mining Private Limited, thereby it became subsidiary.
signed agreement for investment into Instant Global Paytech Private Ltd.
received two new orders worth Rs220.2cr for November from state government agencies. Out of this, Rs174.2cr pertains to the electrical division while Rs46cr is for water division.
revised Lump Ore prices to Rs3,550 per ton and Fines at Rs3,110 per ton, effective December 1.
arm signed a concession agreement with NHAI for a four-laning construction project in Tamil Nadu. Bid project cost stood at Rs2,004.5cr.
board approved the proposal of setting up new industrial unit for manufacture and supply of ‘Long Member’ in Uttar Pradesh.
VST Tillers Tractors
’ Power Tillers sales were at 2,108 units and Tractors sales at 628 units for November.
said that it will challenge CESTAT Delhi’s order of demand notice of Rs2,822cr at a higher forum.
’s global film manufacturing arm received an US patent that covers the entire categories of BOPET films. The company got the exclusive rights of manufacturing of the special film in the US, Europe and India.