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HCL Tech may rise on buyback plan

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said its board will meet on 12 July 2018, to consider a proposal for buyback of the equity shares. The announcement was made after market hours yesterday, 9 July 2018.

(GSFC) announced that the Department of Fertilizers, has agreed to release the subsidy on Ammonium Sulphate to the company for the period from 18 March 2013 to 5 March 2017. This should help in getting a subsidy of Rs 693 crore held up for the said period, it added. The announcement was made at the fag end of the trading session yesterday, 9 July 2018.

SRF announced setting up of a second Bi-axially Oriented Polyethylene Terephthalate (BOPET) film line and a Resin plant in at an investment of approximately $60 million. This new plant will be put up at the company's existing in Rayong, by its wholly owned subsidiary - (Thailand) and is expected to become operational in close to two years. Once operational, the new line will be capable of producing approximately 40,000 metric tonnes per annum. The announcement was made after market hours yesterday, 9 July 2018.

Gayatri Projects said it has been declared as L-1 bidder for Development of Project (Package-I) valued at Rs 1483 crore and Development of Project (Package-II) valued at Rs 1276 crore. The announcement was made after market hours yesterday, 9 July 2018.

said its board approved the acquisition of 51% equity share capital of by cash for Rs 75.22 crore. It also approved amalgamation of with the company. The company shall issue its equity shares in exchange of remaining 49% equity shares of under the scheme of amalgamation. The board also approved the draft scheme of amalgamation, valuation report and other relevant documents in relation to the scheme of amalgamation. The scheme is subject to applicable statutory and regulatory approvals including approval of the The announcement was made after market hours yesterday, 9 July 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 08:12 IST
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