Hero MotoCorp announced after market hours yesterday, 27 June 2017 that Life Insurance Corporation of India (LIC) sold 2.026% stake in the company. The transaction took place between 1 October 2015 and 21 June 2017. Post transaction, LIC holds 5.136% stake in Hero MotoCorp, compared with 7.162% stake held earlier.
TCS announced after market hours yesterday, 27 June 2017 that TMX Group awarded TCS, the implementation of a single, integrated technology platform for Canada's clearing and settlement businesses. The innovative platform, called TCS BaNCS for Market Infrastructure, will replace the legacy systems deployed by The Canadian Depository for Securities Limited (CDS) and Canadian Derivatives Clearing Corporation (CDCC), subject to regulatory approval where required. Technology integration across TMX Group's cash and derivatives clearing businesses is the next significant step in the company's evolution as a premier client-driven solutions provider to the Canadian and global capital markets.
Jagran Prakashan announced after market hours yesterday, 27 June 2017, that Jagran Media Network Investment (JMNIPL) holds 60.63% in Jagran Prakashan. Blackstone GPV Capital Partners (Mauritius) V-Q (BCP-V) previously held 12.82% of the total equity share capital of JMNIPL. Pursuant to sale transaction concluded in two tranches on 1 March 2017 and 25 April 2017, BCP-V has sold its entire shareholding in JMNIPL to the existing promoters of JMNIPL. Subsequent to the sale, BCP-V ceased to be a shareholder in JMNIPL. Accordingly, there are no foreign investors in JMNIPL.
Indiabulls Real Estate has acquired the entire minority stake of 10.08% in Indiabulls Infraestate (IIL), a majority owned material subsidiary of the company, from ILFS Fund entities namely IIRF India Realty XXI, Little Fairy and Vistra ITCL (India), its minority investors. The aggregate cash consideration paid for the acquisition is Rs 358.44 crore, including interest of Rs 94.85 crore against their aggregate total investment of Rs 250 crore. With this acquisition, IIL has become a wholly owned subsidiary of the company. IIL is developing a premium integrated marque residential project Indiabulls Blu in Worli, Mumbai comprising of 4 residential towers and additionally 2 office towers in the non residential area. The announcement was made after market hours yesterday, 27 June 2017.
Country Club Hospitality & Holidays' board has approved to sell, liquidate, transfer or lease back or dispose such assets which add limited value to the operations and profitability of the company. The announcement was made after market hours yesterday, 27 June 2017.
Omax Autos said that the company has closed manufacturing activities in its unit Automax situated at Delhi-Jaipur Highway, Gurgaon, Haryana, with effect from closing hours of 24 June 2017. The announcement was made after market hours yesterday, 27 June 2017.
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