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Showing posts from 2017

Info Edge invests Rs 8.67 crore in its step down subsidiary Canvera Digital Technologies

Internet giant and parent of Naukri, a job website, Info Edge (India) Ltd (Info Edge) has invested Rs 8.67 crore in Canvera Digital Technologies Pvt Ltd (Canvera), through its wholly-owned subsidiary. Canvera its step down subsidiary Canvera is a step down susbidiary of Info Edge. The transaction is arm's length, according to Info Edge. Canvera will issue 7,77,419 0.1% optionally convertible cumulative redeemable preference shares having a face value of Re 1 each at a premium of Rs 110.48. The aggregate shareholding of the company in the said entity would be 62.22% on fully converted and diluted basis. Canvera has a Pan India presence and is engaged in the business of providing photography related services to professional photographers/ channel partners/ consumers including online photographer classifieds, IT enabled design services, printed products like photobooks, calendars and prints using internet and soft ware.

Lancer Container Lines converted 2 lakh warrants

Lancer Container Lines has converted 2 lakh warrants issued to its promoters, Mr. Fauzan Chataiwala and Mrs. Tarannum Chataiwala into 2 lakh equity shares at Rs 38.45 per share with a premium of Rs 28.45 per share.

Swan Energy's subsidiary executed floating storage unit projects in Gujarat

Swan Energy's subsidiary Swan LNG Pvt Ltd and Triumph Offshore Pvt Ltd (TOPL) has executed following agreements with Mitsui OSK Lines (MOL), Tokyo, Japan (a well established shipping company, specialized in the operation of LNG carriers (LNG), Floating Storage Units (FSU) and Floating Storage Re-gasification Units (FSRU)), for its India's LNG dedicated FSRU Port Project at Jafrabad, Gujarat. The LNG project is first of its kind, all weather green field port project being developed by Swan LNG Pvt Ltd. The work scope involed pre order technical support agreement, by and between TOPL and MOL, supervision agreement, by and among SLPL, TOPL and MOL, operations and maintainece (O&M) agreement for FSU between SLPL and Regas Venture India One Pvt Ltd (RVIOPL), a fully owned subsidiary of MOL, O&M azgreement for FSRU between SLPL and RVIOPL and FSU Bareboat Charter agreement between SLPL and MOL.

White Organic Agro Ltd | Company Profile, History and Business Model

Incorporated in 1994, as White Diamond Industries Ltd. (White Diamond) was into business of sawing and kerfing of diamonds on a jobwork basis and export of cut and polished diamonds. However, the company subsequently diversified into farming and cultivation and changed its name to White Organic Agro Ltd. (White Organic).  The company sells a wide range of organic farming products as given below Product portfolio of White Organics ·         Organic Vegetables & Fruits ·         Organic Sweetners ·         Mukhwas (Mouth Freshners) ·         Pickles ·         Organic Cereals, Pules & Grains ·         Organic Flours ·         Juices ·         Washing Agent · ...

Ashok Alco Chem recommends 10% dividend

Ashok Alco Chem Ltd has recommended final dividend @ 10% i.e. Rs. 1/- per equity share of Rs. 10/- each, subject to approval of the Members of the Company at the ensuing Annual General Meeting. The said dividend, if approved by the Members, is proposed to be paid within 30 days of ensuing Annual General Meeting.

Why is Subex Ltd up today?

Subex Americas Inc., an overseas subsidiary of the company incorporated in Canada, has repaid the principal amounts of loans availed by it aggregating USD 12mn (INR 77.2 crore) to QVT Fund LP, Quintessence Fund LP, QVT Fund V LP and QVT Fund IV Ltd., each an affilaite of QVT Singapore Fund Pte. Ltd. amounting to USD 6mn (INR 38.6 crore) and USD 6mn to Manchester Securities Corporation, which is an affiliate of Tonbridge (Mauritius) Ltd and Leeds (Mauritius) Ltd.  Accordingly, Subex Americas Inc doesn't have any further liabilities towards the aforesaid lenders for payment of any principal or interest in relation to the aforesaid loans.