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Cadila Healthcare acquires entire shares held by its subsidiary companies

Cadila Healthcare has acquired all shares held by its subsidiary companies in Zydus Pharmaceuticals USA Inc., USA, Zydus Healthcare USA LLC, Zydus Noveltech USA, Inc. and Bremer Pharma GmbH, Germany and therefore these four entities have become direct overseas subsidiary companies. Cadila Healthcare is part of the Zydus Cadila Group. ... Read More »

Firstsource Solutions’ arm repays outstanding debt worth $11.25 million

Firstsource Solutions’ wholly owned subsidiary – Firstsource Group USA, Inc, has successfully made its Eighth quarterly repayment of $11.25 million on its outstanding debt on March 31, 2017. Firstsource Solutions is a global provider of customized BPO (Business Process Outsourcing) services to the Banking & Financial Services, Insurance, Telecommunications, Media ... Read More »

Nestle informs about board meeting

Udaipur : This is to inform that the un-audited financial results of Nestle for the first quarter ending March 31, 2017 shall be considered by the Board of Directors of the Company at their meeting proposed to be held on May 12, 2017. Public Notice enclosed. In view of the ... Read More »

JBF Industries’ step subsidiary commissions PTA plant at Mangalore SEZ

Udaipur : JBF Industries’ step subsidiary JBF Petrochemicals has commissioned its Purified Terephthalic Acid (PTA) plant at Mangalore SEZ, Karnataka. Production of PTA is a backward integration for JBF Industries and its subsidiaries abroad, making the company self sufficient in meeting its PTA requirements. The plant, with capacity of 1.25 ... Read More »

Asian Granito to transfer 9.46% stake in Astron Paper

Udaipur : Asian Granito India has received its board’s approval to transfer 30,75,000 Equity shares, constituting 9.46% of total share capital, of Astron Paper and Board Mill. Thus, the company’s present investment of 36.46% in Astron Paper will reduce to 27%. The company’s board gave approval for the same at ... Read More »

Union Bank of India raises Rs 750 crore via bonds

Union Bank of India has raised Rs 750 crore by issuing 7,500 non-convertible, unsecured subordinated Basel III compliant perpetual debt instruments for inclusion in additional tier-I capital.  The bond is issued for face value of Rs 10 lakh each at par aggregating to Rs 750 crore on private placement basis. ... Read More »

Bank of India to raise Rs 204 crore by issuing shares to LIC

Bank of India has decided to raise Rs 204.42 crore by issuing shares to Life Insurance Corporation of India (LIC). The shareholders at the extra ordinary general meeting held on March 30, 2017 approved to allot 1.75 crore shares on preference basis to LIC at Rs 116.81 per share. The ... Read More »