Grasim Industries has received tax demand from the Income Tax department with respect to its merger with Aditya Birla Nuvo and Aditya Birla Financial Services. The company has received an order issued by the Deputy Commissioner of Income Tax (DCIT) raising a demand of Rs 5,872.13 crore on account of dividend distribution tax (including interest). … Read more
IRB Infrastructure Developers’ wholly-owned SPV — Yedeshi Aurangabad Tollway has been issued a Provisional Certificate by the Competent Authority for Yedeshi Aurangabad BOT Project. Consequently, the SPV has started partial toll collection on this project. IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles. Bhupendra Singh … Read more
INOX Leisure has commenced the commercial operations of four additional screens (with seating capacity of 168 seats) in the existing Multiplex Cinema Theatre, taken on leave and license basis, and located at INOX Leisure, Inorbit Mall, Link Road, Malad (West), Mumbai with effect from March 17, 2019. With addition of four more screens, the said … Read more
Lumax Auto Technologies has received approval for discontinuation of the PCB manufacturing with effect from April 01, 2019. The Board of Directors of the Company at its meeting held on March 16, 2019 has approved the same. In addition, the board has also approved the disposal of Plant & Machinery to Lumax Industries relating to … Read more
Dewan Housing Finance Corporation (DHFL) has received approval to disinvest to Olive Vine Investment an affiliate of the Warburg Pincus Group, 1,92,50,719 equity shares constituting 30.63% of the paid up capital of Avanse Financial Services (Avanse) i.e. its entire shareholding held in Avanse. The Board of Directors of the Company at its meeting held on … Read more
Vikas Proppant & Granite has decided to enter into a new niche market of Proppants manufacturing which ONGC and other oil and gas drillers are importing currently. The company has planned to manufacture Proppants and mining of granite and fractured debris near Jodhpur. The cost of plant and equipments to be installed for manufacturing the … Read more
Zuari Global has acquired around 48.98% shares of Forte Furniture Products India (FFPL) from Indian Furniture Products (IFPL), subsidiary of the Company. IFPL being a subsidiary of the Company, as such the promoters also have an indirect interest in the entity acquired and IFPL being related party the transaction falls under the related party transaction. … Read more
