Deepak Fertilisers & Petrochemicals Corporation has fully resumed normal day-to-day business, after completion of the Income Tax Search and Seizure Operations at various premises of the company. The company had fully co-operated with the Tax officials responding to all clarifications they had sought and will continue to do so for their balance queries, if any. … Read more
Dolphin Offshore Enterprises’ wholly owned subsidiary–Dolphin Offshore Enterprises (Mauritius) has won an Arbitration Award against Alcock Ashdown (Gujarat). The total award amount including interest till November 20, 2018 will be around $1 million. Dolphin Offshore Enterprises (India) is a holding company, which is engaged in offshore business. The company is engaged in providing underwater services, … Read more
Minda Corporation has entered into definitive agreements with its joint venture partner, Furukawa Group of Japan, for change in equity structure of Minda Furukawa Electric (JVCO). As per the proposed realignment, the equity stake of joint-venture partner in the JVCO will change from 49% to 75% and stake of Minda Corporation will change from existing … Read more
EPC Industries has incorporated a new subsidiary company namely Mahindra Top Greenhouse (MTGPL) with effect from November 16, 2018. MIGPL will provide solutions to Protected Cultivation Technology Products in Agriculture. It will also strengthen the company’s position in Agri technology. The company has agreed to subscribe 18,00,000 Equity shares of Rs 10 each aggregating Rs … Read more
Piramal Enterprises has raised funds aggregating to Rs 500 crore. The Administrative Committee of the Board of Directors of the company, at its meeting held on November 16, 2018 has allotted 5,000 Secured Redeemable Non-Convertible Debentures (NCDs), having the Face Value of Rs 10,00,000 each, aggregating to Rs 500 crore on private placement basis. These … Read more
Piramal Enterprises has received an approval for raising funds through issue of Secured Non-Convertible Debentures (NCDs) of Rs 400 crore on private placement basis, with an option to retain oversubscription of Rs 100 crore. The meeting of the Administrative Committee of the Board of Directors of the company held on November 15, 2018, approved the … Read more
Spice Mobility’s step down subsidiary — S Global Services, Singapore, (SGIC) has decided to invest BDT233,333 in Fast Track IT Solutions, a private company limited by shares incorporated under the laws of Bangladesh. Consequent to the said acquisition, Fast Track IT Solutions would become a step down subsidiary of the company. Spice Mobility is engaged … Read more