NIIT may gain after acquiring Eagle International Institute

NIIT announced that it has acquired Eagle International Institute Inc. doing business as Eagle Productivity Solutions through its wholly owned subsidiary, NIIT (USA) Inc. The announcement was made before market hours today, 4 January 2018.

Healthcare Global Enterprises announced that it has entered into definitive agreements providing for a business combination of its Triesta Sciences business unit with Strand Life Sciences.

The business transfer agreement provides for the transfer by the company to Strand Life Sciences of the Triesta Sciences business unit, and the share subscription agreement provides for the issue of shares of Strand Life Sciences to the company in consideration thereof, resulting in the company acquiring 48.5% shareholding in Strand Life Sciences on a fully-diluted basis post the business combination. The announcement was made after market hours yesterday, 3 January 2018.

Allahabad Bank said that the Reserve Bank of India has placed the bank under prompt corrective action framework, consequent to the onsite inspection under the risk based supervision model carried out for the year ended March 2017 and the report issued thereof. The announcement was made after market hours yesterday, 3 January 2018.

Aurionpro Solutions said that on 3 January 2018, Cyberinc, an Aurionpro subsidiary, entered into a definitive agreement with KPMG LLP, USA, for sale of its Identity and Access Management (IAM) business. The transaction is expected to close on 31 January 2018. The announcement was made after market hours yesterday, 3 January 2018.

NBCC (India) has secured the total business of around Rs 314.77 crore in the month of December 2017 which includes construction of border fence and road along Indo-Bangladesh border in Meghalaya state amounting Rs 215.77 crore at a PMC fees of 7%. The announcement was made after market hours yesterday, 3 January 2018.

DCB Bank said that the Chairman and/or the Managing Director & CEO and/or the Chief Financial Officer may consider the proposal to raise further fund by issue of debt securities including tier II Bonds, on private placement basis up to Rs150 crore on or after 6 January 2018. The announcement was made after market hours yesterday, 3 January 2018.

The bank has necessary approvals from the board of directors and the shareholders to raise tier II capital by issue of debt securities including but not limited to tier II bonds upto Rs 450 crore by the bank in one or more tranches on private placement basis from time to time. The board, at its meeting held on 16 October 2017 had further delegated its authority to the Chairman and/or the Managing Director & CEO and/or the Chief Financial Officer to do all the necessary acts and things, inter alia, to finalize and approve offer document, size of the issue, coupon rate, tenure, face value, opening and closing of the issue etc, pertaining to the Issue.

SJVN said that the meeting of board of directors of the company will be held on 8 January 2018 to consider the proposal for buyback of the fully paid-up equity shares of the company. The announcement was made after market hours yesterday, 3 January 2018.

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