Asian Paints said that it purchased the balance 49% stake in the kitchen solution provider company, Sleek International, from Ahuja Family and the shareholders agreement dated 8 August 2013 with the Ahuja Family has been terminated. Sleek has now become a wholly-owned subsidiary of the company. The announcement was made after market hours yesterday, 11 December 2017.
On 8 August 2013, Asian Paints had announced that it acquired 51% stake in Sleek from the Ahuja family by entering into a shareholders agreement with the Ahuja family and Sleek.
Dr. Reddy's Laboratories said that the company has received an Establishment Inspection Report (EIR) from the USFDA yesterday, 11 December 2017 as closure of audit, for the Bachupally, Hyderabad facility. The announcement was made after market hours yesterday, 11 December 2017.
Earlier, the company had on 28 April 2017 informed about the audit of its Formulations Manufacturing Plant - 3 at Bachupally, Hyderabad by the USFDA, wherein it was issued a form 483 with 11 observations.
NTPC will be watched. The company issued a clarification to the stock exchanges on recent news item appearing in media titled 'CBI registers corruption case against NTPC finance director'. NTPC said it is not aware of any information other than those published in the newspapers or as reported in the media. At this stage no material impact of this article can be considered on the company, it said. The company is not aware of any information that has not been announced to the exchanges under Regulation 30 of Listing Regulations, it added. The clarification was issued after market hours yesterday, 11 December 2017.
Larsen & Toubro Infotech (L&T Infotech) said it has completed acquisition of 100% shareholding of Syncordis Software Services India ('Syncordis India') from Syncordis S.A., thereby making Syncordis India, a wholly-owned subsidiary of the company. The company added that the acquisition of Syncordis S.A., Luxembourg along with other identified subsidiaries in Luxembourg, France and UK, is in the process of closure and completion of which will be intimated in due course.
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On 14 November 2017, L&T Infotech announced that it signed definitive agreements to acquire Luxembourg-based Syncordis S.A., a leading core banking implementation services provider, along with its identified subsidiaries in France, UK, Luxembourg and India.
Tata Communication will be watched. With reference to news item captioned, "Tata Communication's 15-year wait to spin off land assets nears end," Tata Communication clarified that it is the company's policy not to comment on market rumours. Over the years, the company has been engaged in continuous talks with the Government of India on the matter of demerger of surplus land and shall intimate the stock exchanges once any final decision is made in this regard. The clarification was issued after market hours yesterday, 11 December 2017.
Repro India reported 85.42% slide in consolidated net profit to Rs 2.54 crore on 10.54% slide in total income to Rs 81.77 crore in Q2 September 2017 over Q2 September 2016. The announcement was made after market hours yesterday, 11 December 2017.
V2 Retail reported 289.84% surge in net profit to Rs 4.99 crore on 32.76% rise in total income to Rs 137.91 crore in Q2 September 2017 over Q2 September 2016. The announcement was made after market hours yesterday, 11 December 2017.
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