| Kansai Nerolac |
| Kansai Nerolac Paints (KNPL) announced that on 21 August 2019, a business transfer agreement has been entered into by and between Nerofix (incorporated in terms of the JVA, paid-up equity share capital of which is held by KNPL and Polygel in the ratio of 60:40), Polygel, Promoters of Poly gel and KNPL.
Under the terms of the business transfer agreement, the adhesives, construction chemicals and
sealants business of Polygel would be transferred to Nerofix as a going concern on slump sale basis upon payment of the proposed
transfer consideration of Rs. 20 crore by Nerofix. |
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| Bajaj Hindusthan |
| Bajaj Hindusthan Sugar announced that the Annual General Meeting (AGM) of the company will be held on 20 September 2019. |
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| Tata Sponge Iron |
| Tata Sponge Iron has been renamed Tata Steel Long Products with effect from 20 August 2019. |
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| NCL Inds. |
| NCL Industries announced that CRISIL has reaffirmed the credit ratings for the company's bank facilities of Rs 377.25 crore and fixed deposits of Rs 75 crore as under -
Long term rating - CRISIL A-/Stable (Reaffirmed)
Short term rating - CRISIL A2+/ Stable (Reaffirmed)
Fixed Deposits - FA/ Stable (Reaffirmed) |
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