Hyundai Motor ties-up with Pusa Institute of Technology

Hyundai Motor India has tied up with Pusa Institute of Technology to usher in latest automobile technologies in the curriculum in a bid to increase employability and career prospects of students.
As part of the arrangement, the company today opened 'Hyundai Professional Development Center' at Pusa Institute of Technology, a premier polytechnic institute in the country.
"We are very happy about this association with Pusa Institute of Technology as Hyundai is a responsible corporate citizen and advocates creating constant resource pool of skilled 'Service Advisors' for automobile industry," Hyundai Motor India MD and CEO Y K Koo said in a statement.

It is the company's duty and responsibility to continue such initiatives to benefit the industry and society on the whole, he added.
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Adani Power issues 3.9 cr shares to warrant holders * Adani Power has issued 3.9 crore equity shares with the face value of Rs 10 each to convertible warrant holders who exercised their right for conversion.

"The convertible warrant holders, to whom the warrants were allotted in the month of May, 2016 on preferential basis, have exercised their rights for conversion and applied for conversion of part of the warrants into equity shares," Adani Power said in BSE filing today.

According to the statement, management committee of the board of directors of the company at its meeting on January 30, 2017 has made allotment of total 3,90,43,268 equity shares of the face value of Rs 10 each (with a premium of Rs 22.54 per equity share) to the said convertible warrant holders.
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Sintex Industries issues 36.59 lakh shares to FCCB holders
Plastic and Textiles firm Sintex Industries today said it has issued 36,59,195 equity shares of to foreign currency convertible bonds holders who exercised their right for conversion.
"The FCCB Committee of the board of directors at its meeting held on January 30, 2017 has allotted 36,59,195 Equity shares of Re 1 each to FCCB holders on the exercise of their conversion right," Sintex Industries informed BSE.

On May 25, 2016 the board of the company had approved the allotment of FCCB worth USD 110 million.
Shares of Sintex Industries were trading at Rs 86.20 on BSE, down 0.98 per cent from previous close.