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Showing posts from May, 2017

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.