Bhel may gain on setting record date for bonus issue

Bharat Heavy Electricals announced that it has fixed 30 September 2017 as the record date for the purpose of issuance of 1:2 bonus issue. The announcement was made after market hours on Friday, 8 September 2017.

Cyient said that its step down subsidiary, Cyient Defense Services Inc., USA has signed definitive agreement to acquire 100% stake in B&F Design Inc. New Britain, Connecticut, USA, in all cash transaction. The announcement was made on Sunday, 10 September 2017.

Vindhya Telelinks said that board meet will be held on 15 September 2017 to approve proposal for issuance of bonds/redeemable non-convertible debentures/other debt securities on private placement basis totalling Rs 50 crore. The announcement was made on Sunday, 10 September 2017.

Onward Technologies has entered into a partnership with Dassault Systes India Business Transformation channel to accelerate the adoption of Dassault Systes portfolio of applications and industry solution experiences based on the 3DEXPERIENCE platform in the Indian sub-continent market. The agreement will enable Onward Technologies to expand its offerings from engineering services to industry solutions. The announcement was made after market hours on Friday, 8 September 2017.

IL&FS Engineering and Construction Company has received letter from Paschimanhal Vidyut Vitran Nigam Limited, Meerut (PVVNL) for termination of contract for rural electrification works (RE works) of villages of Moradabad district. As per the company, the termination is illegal. Accordingly, the company is in the process of initiating legal/ contractual actions against the termination to protect its rights and entitlements in terms of the provisions of the contract. The announcement was made after market hours on Friday, 8 September 2017.

Jenburkt Pharmaceuticals announced that the board of directors of the company at a meeting held on 9 September 2017 approved the buyback of shares for an amount not exceeding Rs 12 crore at a price of Rs 576 per share, which is 22.37% of the fully paid-up equity share capital and free reserves as per the latest audited balance sheet of the Company for the financial year ended on 31 March 2017. The buyback offer will comprise a purchase of up to 2.08 lakh equity shares, representing 4.48% of the paid up equity capital of the company. The announcement was made on Saturday, 9 September 2017.

Mahindra & Mahindra announced the launch of e-Alfa mini electric rickshaw for passenger movement on 8 September 2017. A complete 3 wheeler, specifically designed for pollution free last mile connectivity, it boasts of the tough and rugged Mahindra DNA. It is attractively priced at Rs 1.12 lakhs (ex-showroom Delhi). The announcement was made after market hours on Friday, 8 September 2017.

Powered by Capital Market - Live News