Kaveri Seed Company in focus as board approves buyback

Kaveri Seed Company said that the company's board has approved buyback of equity shares of up to 28 lakh shares, representing 4.44% of equity shares aggregating to Rs 196 crore on proportionate basis though tender offer route. The buyback price is set at Rs 700 per share. The promoters intend to participate in the proposed share buyback. The announcement was made after market hours yesterday, 24 September 2019.

JSW Steel said that the Finance Committee of the Board of Directors of the company has approved the issuance of fixed rate senior unsecured notes aggregating to US$400 million and has approved the pricing, tenure and other terms of the Notes. The proceeds of the Notes will be used by the company for capital expenditure or any other purpose. The announcement was made after market hours yesterday, 24 September 2019.

Bosch said that the company's board approved in principle the sale and transfer of the Packaging Machinery Business (PA-IN) to a subsidiary (which is being incorporated) of Robert Bosch Packaging Technology GmbH, which in turn is a subsidiary of Robert Bosch GmbH, its holding company. The board has approved the sale of PA-IN business as a going concern and on a slump sale basis for a lump sum consideration of Rs 144.6 crore. The announcement was made after market hours yesterday, 24 September 2019.

Aster DM Healthcare has signed lease agreements for the two new hospital projects in Bangalore. Whitefield Hospital close to ITPL (International Tech Park) A 350 bedded super specialty hospital project located in Whitefield, Bangalore, which is close to ITPL (International Tech Park) in collaboration with Nandhini Hotels Private Limited/ Singapore Whitefield Pvt Ltd/ Nambiar enterprises LLP. The first 150 beds is expected be made operational by April 2020. Aster KLE Hospital- Near Veshwanthpur on Tumkur National Highway Road A 600 bedded super specialty hospital project located on Tumkur NH Road, Bangalore in collaboration with the Karnataka Lingayat Education Society (KLE Society). The hospital is expected to be made operational by April 2024. The announcement was made after market hours yesterday, 24 September 2019.

Punjab & Sind Bank said the Board of Directors of the bank has approved the capital infusion upto Rs 800 crore by Government of India by way of preferential issue of equity shares. The announcement was made after market hours yesterday, 24 September 2019.

Majesco announced that Avinew, the InsurTech company reinventing auto insurance for the age of autonomous and semi-autonomous vehicles, chose Majesco P&C Core Suite on Majesco CloudInsurer as the foundation of its business operations. The announcement was made after market hours yesterday, 24 September 2019.

RPP Infra Projects announced a new order win worth Rs 414 crore, in JV. The company, along with its JV partner, has won an order for the construction of a two-lane road from Kaletwa to the India - Myanmar border in the Chin state of Myanmar. The announcement was made after market hours yesterday, 24 September 2019.

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