NMDC in focus on allocation of coal blocks

NMDC said the Ministry of Coal has allocated two coal blocks to NMDC, the Rohne and Tokisud North for commercial mining. Both these blocks are located at Hazaribagh District of Jharkhand. The Rohne coal block has extractable reserves of 191 million tonnes and planned production capacity of 8 million tonnes per annum. The Tokisud North coal block has extractable reserves of about 52 million tonnes of thermal coal and planned production capacity of 2.32 million tonnes per annum.

CRISIL said its board of directors has approved acquisition of 100% of the equity share capital of Greenwich Associates LLC and its six subsidiaries, at a consideration of $ 40 million. The acquisition will be done through CRISIL Limited's 100% subsidiary, CRISIL Irevna US LLC. Greenwich Associates LLC is a provider of data, analytics and qualitative insights to the global financial services industry. The acquisition is subject to execution of binding agreements and regulatory approvals as applicable

Tata Chemicals said the company, through its wholly-owned subsidiary, Valley Holdings, Inc., has acquired the remaining 25% partnership interest from The Andover Group, Inc. in Tata Chemicals (Soda Ash) Partners Holdings. With this acquisition, the company has increased its ownership in Tata Chemicals (Soda Ash) Partners, the soda ash producing operating entity, from 75% to 100%. For the year ending March 2019 TCSAP had a turnover of $ 465.5 million and an EBITDA of $ 100.7 million.

Bajaj Finance said that it has invoked shares of Karvy Data Management Services Ltd (KDMSL), which were pledged by Karvy Stock Broking Ltd to raise funds from the lender. It invoked 24 lakh pledged shares of KDMSL representing 10% equity stake in the company.

Lemon Tree Hotels said it opened its first international hotel in Dubai under the Company's brand Lemon Tree Hotel. The hotel, owned by Al Waleed Real Estate LLC, is located on Al Wasl Road, less than a kilometre from Sheikh Zayed Road and Jumeirah Open Beach, and is the first branded midscale hotel in the area. The hotel features 114 well-appointed rooms, complemented by a multi-cuisine restaurant.

Titan Company said Titan Global Retail LLC, Dubai, has been incorporated as a subsidiary company of Titan Holdings International FZCO, Dubai, which in turn is a wholly owned subsidiary of the Company. Titan Global will be mainly engaged in carrying out business activities and retail trade for carrying out business activities, in the industry in which Titan Company operates.

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