Market & News

Asian Paints

Asian Paints announced that Asian Paints International (APIPL), Singapore, wholly owned subsidiary of the company, has divested its entire stake in Berger Paints Singapore, wholly owned subsidiary of APIPL to Omega Property Investment, Australia. The transaction was concluded for a consideration of SGD 4 million.

ITD Cem

ITD Cementation India announced that ICRA has placed the long term rating of [ICRA]A and short term rating of [ICRA]A1 under 'rating watch with developing implications'.

Essel Propack

Essel Propack is raising Rs 30 crore through issue of commercial paper on 18 September 2019 on private placement basis.

Guj Alkalies

Gujarat Alkalies & Chemicals announced that remaining 12.5 MW out of the 20 MW AC Solar Power Plant at Charanka has commissioned on 16 September 2019.

With this, the commissioning of entire 20 MW AC Solar Power Plant installation in phased manner at Charanka, is completed. Thus, total installed capacity of Solar Power Plant now stands increased to 35 MW

Hindalco Inds.

Hindalco Industries has made its entry in the 2019 edition of the S&P Dow Jones Sustainabllity Indices (DJSI). Hindalco has been recognised for its success in governance, social and environmental initiatives and is the only aluminium manufacturer from India to be included in the list this year.

The DJSI, one of the most prestigious benchmarks for corporate sustainability, is the global standard for measuring and advancing corporate Environmental, Social, and Governance (ESG) practices. Hindalco, a new inclusion this year, is one of 98 companies in the Emerging Markets Index. It is one of 12 companies from India to make the list and the only aluminium manufacturer to be included. Its DJSI score places Hindalco among the world's top three aluminium companies.

AMJ Land

AMJ Land Holdings announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 18 October 2019 .

Tata Power Co.

Tata Power Company announced that its wholly owned subsidiary, Khopoli Investments announced the execution of a Share Purchase Agreement with Exxaro Resources for the divestment of the Company's entire 50% stake in Cennergi, a South African joint venture, for an amount of ZAR 1,550 million (USD 106 million}, subject to normal working capital and other adjustments.

TRF

TRF announced that Canyon Point Investment Holdings has communicated vide letter dated 16 September 2019 its inability to complete the transactions as per the share purchase agreement (SPA) dated 17 May 2019 citing occurrence of material adverse changes and has terminated the said SPA with immediate effect.

Earlier, TRF had announced the divestment of the entire shareholding in step down subsidiary Dutch Lanka Trailer Manufacturers (DLT), including its subsidiary Dutch Lanka Engineering and 50% stake in Tata International DLT, a joint venture company between DLT and Tata International to Canyon Point Investment Holdings vide SPA dated 17 May 2019.

GHCL

GHCL has launched REKOOP 2.0, an evolved and expanded expression, which comprises of a total of 12 innovative collections of bedding at the New York Home Fashions Market Week, Fall 2019.

Furthering GHCL's passion for creating sustainable bedding solutions, REKOOP 2.0, is a truly circular solution which can ensure that used sheets are recollected and depolymerized into fiber again. The polyester fiber can be used as a raw material for remanufacture and the cotton can be used as a biofuel.

The REKOOP 2.0 collection revolves around exciting blends of recycled polyester with other sustainable fibers such as TENCEL™ from Lenzing AG, Modal, Bamboo, Cupro, Linen and BCI Cotton.

Westlife Develop

Shares of Westlife Development are now trading on the National Stock Exchange.

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