TVS Motor Company announced after trading hours yesterday, 10 September 2015, that it signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu. Under the MoU, TVS Motor Company will invest Rs 350 crore in its existing two-wheeler and three-wheeler plants in Hosur during the next three years. The investment will be mainly for development of new products and for capacity expansion. This investment reflects TVS Motor Company's continued commitment towards the overall economic development of the State as a responsible corporate citizen. The signing of this MOU is in line with TVS Motor Company's firm belief in the potential of the State in terms of human resources, infrastructure and overall business environment. It will also have a significant beneficial effect on small and medium industries which are directly or indirectly associated with TVS Motor Company in Tamilnadu.
Arvind announced its entry into the beauty and cosmetics segment through a partnership with Sephora, owned by LVMH Moet Hennessy Louis Vuitton, a French luxury conglomerate. With this partnership, Arvind will now manage Sephora's portfolio of 3 stores in Delhi and one in Pune. Sephora is the world's largest and leading beauty retailer with a presence in 31 countries. Arvind will lead the geographical retail expansion of Sephora with a focus on urban centres through the key beauty categories of makeup, fragrances, skincare and hair care. The announcement was made after trading hours yesterday, 10 September 2015.
Wonderla Holidays announced after trading hours yesterday, 10 September 2015, that it has signed Memorandum of Understanding (MoU) with the Government of Tamil Nadu at the Global Investors Meet (GIM) held yesterday, 10 September 2015, to set up a large scale amusement park at Chennai. As per the MoU the government of Tamil Nadu will facilitate speedy clearance to the project through single window clearance and will provide uninterrupted power and water supply. The company said it proposes to make an investment of Rs 300 crore in the project over a period of next three years. The company said it proposes to fund the project through combination of debt and internal accruals.
MRF announced after trading hours yesterday, 10 September 2015, that it has signed the Memorandum of Understanding with the Government of Tamil Nadu to invest not less than Rs 4500 crore in its plants at Perambalur and Arakonam in Tamil Nadu over a period of 7 years.
Dabur India announced after trading hours yesterday, 10 September 2015, that Dabur Pakistan, incorporated in Pakistan has become the company's step-down subsidiary company, upon issuance of shares by the said company to the existing wholly-owned subsidiary, Dabur International.
Amtek Auto announced after trading hours yesterday, 10 September 2015, that the allotment committee of the company's board has allotted 44.37 lakh equity shares of face value of Rs 2 each at a premium of Rs 167, aggregating to Rs 74.99 crore to the promoters group companies by way of preferential allotment.
Ashapura Intimates Fashion said that its board will meet on 18 September 2015, to consider preferential allotment of warrants. The board will also consider the proposal to list the equity shares of the company on the National Stock Exchange of India.
Separately, Ashapura Intimates Fashion announced that it signed letter of intent with GIP (Noida), Phoenix Market City (Pune), Mantri Mall (Banglore), V3S (Delhi), Rajori Garden (Delhi), and Phoenix Market City (Mumbai), to open exclusive brand outlets.
Natco Pharma announced after trading hours yesterday, 10 September 2015, that its board approved the preliminary placement document (PPD) for issue of equity shares under the qualified institutions placement (QIP) for which issue is opened. The board also approved issuing the notice of postal ballot and evoting to members of the company for approving the scheme of amalgamation of Natco Organics (a wholly owned subsidiary of the company) into the company and related matters.
Raymond announced after trading hours yesterday, 10 September 2015, that its unlisted wholly-owned subsidiary, Silver Spark Apparel, has completed the acquisition of Robot Systems from Gokaldas Exports for Rs 28 crore.
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