Hindustan Unilever (HUL) announced that it has signed an agreement for the sale of its rice exports business carried out primarily under the brands Gold Seal Indus Valley and Rozana to LT Foods Middle East DMCC, a group company of LT Foods. HUL's decision to divest is in line with its strategy to exit non-core businesses, while continuing to drive its growth agenda in the core packaged foods business. The deal envisages transfer of the brands and inventory for a consideration of Rs 25 crore, subject to adjustments on closing. The transaction is subject to fulfillment of certain conditions and the parties will work together to complete this over the next few months, HUL said. HUL will continue to manage the business until the completion of the transaction, it added. The announcement was made after trading hours yesterday, 17 March 2016.
MOIL said that the state government of Madhya Pradesh has granted mining lease over 48.974 hectare in village Lugma, Tehsil Paraswada of Balaghat District in Madhya Pradesh in favour of the company. The lease has been executed and registered by the company, MOIL said. This area falls under Ukwa mine of the company. The announcement was made after trading hours yesterday, 17 March 2016.
Dewan Housing Finance Corporation (DHFCL) said that it proposes to issue 250 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 25 crore on private placement basis. The announcement was made after trading hours yesterday, 17 March 2016.
Crompton Greaves (CG) said it won an order of $35 million (Rs 236 crore approximately) from PT PLN (Persero), the state-owned electricity company of Indonesia, to manufacture and install 28 power transformers ranging from 83.3 mega-volt ampere (MVA) to 167 MVA and rated voltage 500 kilovolt (kV)/150 kV. CG's power transformers will be installed across PT PLN's transmission network, spread over multiple substations and power plants in the Java, Sumatra and Kalimantan provinces of Indonesia. The delivery period is scheduled between May 2016 and March 2017. The power transformers will be manufactured in CG's manufacturing facility in Indonesia. The announcement was made after trading hours yesterday, 17 March 2016.
Religare Enterprises said that meeting of investment and borrowing committee of board of directors of company is scheduled to be held on 22 March 2016 to consider and approve the raising of funds through issue of non-convertible debentures (NCD) on private placement basis. The announcement was made after trading hours yesterday, 17 March 2016.
Oil India said that Moody's Investor Service has confirmed credit rating of 'Baa2' to the company's senior unsecured regular bond/debenture. The outlook is stable. The announcement was made after trading hours yesterday, 17 March 2016.
Dhanuka Agritech said it has received a licence to manufacture insecticides from Joint Director of Agriculture (Plant & Protection), Rajasthan. Insecticides will be manufactured at the company's unit situated at Keshwana, Kotputli (Jaipur), Rajasthan. The announcement was made after trading hours yesterday, 17 March 2016.
Hinduja Foundries said that the finance committee of the board of directors of the company has decided opening the global depository receipts (GDR) issue on 18 March 2016. Further, a meeting of the finance committee of the board of directors of the company is scheduled to be held on 21 March 2016, to consider and determine the issue price of the GDRs offering. The announcement was made after trading hours yesterday, 17 March 2016.
Powered by Capital Market - Live News
