| Ashok Leyland |
| Ashok Leyland has appointed Vipin Sondhi (DIN: 00327400) as the Chief Executive Officer and Managing Director of the Company for a period of
five years from 12 December 2019 to 11 December 2024, subject to the approval of shareholders. |
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| Golden Tobacco |
| Golden Tobacco announced that the 63th Annual General Meeting (AGM) of the company will be held on 30 December 2019. |
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| Ingersoll-Rand |
| Ingersoll-Rand (India) will hold a meeting of the Board of Directors of the Company on 17 December 2019. |
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| Reliance Inds. |
| Reliance Strategic Business Ventures, a wholly owned subsidiary of Reliance Industries has acquired equity shares of Asteria Aerospace for a cash consideration of Rs 23.12 crore. The said investment represents 51.78% holding in the equity share capital of Asteria.
RSBVL proposes to make a further investment of up to Rs 125 crore, subject to Asteria achieving agreed milestones. The further investment is expected to be completed by December 2021. Post the further investment, the shareholding of RSBVL will increase to 87.3% of the equity
share capital of Asteria.
Asteria, incorporated in India on June 6, 2011, is a full-stack drone technology company with in-house drone manufacturing capabilities, and also offers software solutions to provide actionable insights from aerial data, intending to deliver "drone-as- a-service" digital platform. It has operations in India.
The aforesaid investment will further enable the group's initiatives 1n emerging technology. |
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