Swaraj Engines' board, at its meeting held yesterday, 28 November 2017, approved buyback proposal for purchase of shares not exceeding Rs 70.73 crore. The buyback price is Rs 2,400 per share. The promoters of the company viz. Mahindra & Mahindra and Kirloskar Industries have communicated their intention to participate in the proposed buyback. The announcement was made after market hours yesterday, 28 November 2017.
Technofab Engineering announced the receipt of a new order in the domestic water sector valued at Rs 281 crore. With this the order backlog stands at about Rs 2000 crore of which the water sector now contributes close to 45%. The announcement was made after market hours yesterday, 28 November 2017.
IL&FS Engineering and Construction Company informed the exchanges regarding appointment of Sambhu Nath Mukherjee as Chief Financial Officer of the company with effect from 1 January 2018. The announcement was made after market hours yesterday, 28 November 2017.
Shriram City Union Finance said it intends to issue 5,000 secured non-convertible debentures aggregating to Rs 500 crore on private placement basis. This will be decided by the board in its meeting scheduled to be held on 1 December 2017. The announcement was made after market hours yesterday, 28 November 2017.
Greenlam Industries said that ratings agency Credit Analysis and Research has reaffirmed its ratings at CARE A+, with stable outlook on the company's long term bank facilities of Rs 237 crore. It has revised ratings on the company's short term bank facilities of Rs 260 crore to CARE A1+ from CARE A1. The announcement was made after market hours yesterday, 28 November 2017.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
