HCL Technologies said it has agreed to buy ETL Factory, doing business as Datawave, a UK-based company that has created an innovative data automation platform which enables enterprise customers execute large scale, complex data-migration and data-integration projects in a leaner, faster and smarter way. The flagship product Datawave, won the Informatica Innovation Award and is also extendable to other platforms, including big data. The announcement was made after market hours yesterday, 5 September 2017.
Bajaj Finance said that the special committee of the board of the company on 5 September 2017, authorized the opening of the qualified institutional placement (QIP) on 5 September 2017. The floor price for the QIP was fixed at Rs 1,771.90 per share. The announcement was made after market hours yesterday, 5 September 2017.
A meeting of the committee will be held on or after 8 September 2017 to consider and approve the issue price including a discount, if any, thereto for the shares to be allotted to qualified institutional buyers pursuant to the QIP.
Titagarh Wagons said that Titagarh Firema SpA, Italy (TF) - a wholly owned subsidiary of the company has appointed Vincenzo Soprano as Chief Executive Officer (CEO). At the board meeting of TF held on 4 September 2017 Soprano was inducted as a director and appointed CEO. The announcement was made after market hours yesterday, 5 September 2017.
Phoenix Mills said that in September last year, the company had entered into a share purchase agreements (SPAs) for the acquisition of 7.96% equity stake held by Werra River in Vamona Developers (VDPL). The company has acquired entire shareholding of Werra River representing 7.96% equity stake in VDPL on 4 September 2017, it informed in the latest filing. The announcement was made after market hours yesterday, 5 September 2017.
The company has entered into a SPA with Crest Ventures (CVL) on 4 September 2017 for acquisition of their entire 5% shareholding in VDPL. Pursuant to the SPA, the company has acquired entire 5% equity shareholding of CVL on 5 September 2017. Consequent upon acquisition of the aforesaid shares, the company's cumulative equity shareholding in VDPL has increased from 86.55% to 99.51%.
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Separately, company said that it had entered into SPAs in September last year for acquisition of entire shareholding of Eder River, representing 4.98% equity stake in Offbeat Developers (ODPL), a subsidiary of the company. The company has acquired the aforesaid 4.98% equity stake of Eder River on 4 September 2017 in ODPL. Subsequent to the above acquisition, the shareholding of the company in ODPL has increased from 88.95% to 93.93%.
Separately, the company had entered into SPA for acquisition of shareholding of Hasel River in Classic Mall Development Company (CMDCPL), an associate of the company. The company has acquired the 1.81% equity stake of Hasel River on 4 September 2017 in CMDCPL. Subsequent to the above acquisition, the shareholding of the company in CMDCPL has increased from 48.19% to 50%.
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