Quess Corp to be watched after share allotment to Amazon

The Preferential Issue Committee of the board of directors of Quess Corp has allotted 7,54,437 equity shares by way of private placement on a preferential issue basis to Amazon.com NV Investment Holdings LLC. The announcement was made after market hours yesterday, 26 September 2019.

Yes Capital (India) (YCPL), part of the promoter group of Yes Bank sold 1.8% shareholding in the bank. The proceeds will be utilized to prepay entire balance outstanding Non-Convertible Debentures (NCDs) of YCPL subscribed by various schemes of Franklin Templeton Asset Management (India). The announcement was made after market hours yesterday, 26 September 2019.

ITI launched its cloud services and solutions platform for central and state government entities, banks, public sector undertakings, small and medium enterprises and Start Ups in India. The announcement was made after market hours yesterday, 26 September 2019.

The board of Punjab National Bank has granted permission for raising funds through Additional Tier-I Basel-III compliant perpetual Bonds amounting up to Rs 3000 crore in one or more tranches. The announcement was made after market hours yesterday, 26 September 2019.

Lakshmi Vilas Bank (LVB) said the Economic Offences Wing, Delhi has registered a First Information Report (FIR) under 'Complaint for offences of cheating, criminal breach of trust by banker, criminal misappropriation and criminal conspiracy under the Indian Penal Code, 1860' upon the Directors of Board LVB, Director LVB, Connaught Place, New Delhi amongst others. The FIR is based on a complaint filed by Religare Finvest (RFL) pertaining to adjustment of their deposits to the dues of RHC Holding Pvt. Ltd and Ranchem Pvt Ltd. The bank is considering appropriate legal measures to counter the same. The announcement was made after market hours yesterday, 26 September 2019.

GETS Global Berhad and KPIT Technologies Pte. have agreed to establish, a Special Purpose Vehicle (SPV) - an E-Mobility Centre to pursue selective opportunities in the Malaysian and other ASEAN countries. GETS Global and KPIT Technologies had executed a Memorandum of Understanding (MoU) on 2 April 2019 to govern and regulate their relationship. The announcement was made after market hours yesterday, 26 September 2019.

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