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BSE NSE As on : 22-Mar-2018
Reliance Infra.
Reliance Infrastructure has filed an application in the Hon'ble Commercial Court, North Goa, at Panaji, Goa seeking the Court's direction for the payment of the Arbitration Award it has won recently against Goa Government.

In its Application filed under section 9 of the Arbitration and Conciliation Act, 1996, Reliance Infrastructure Limited has sought the Court's direction to Goa Government to pay an amount of Rs. 278.29 crore with interest totaling to Rs. 292 crore, which was awarded by the Arbitration Tribunal in its Award on 16 February 2018.

The Tribunal had ordered payment of interest at 15% P.A. on the total award amount if Government of Goa fails to pay the entire award amount by 15 April 2018.

Shalimar Paints
The Board of Shalimar Paints at its meeting held on 22 March 2018 has approved the Letter of Offer and other documents in respect of proposed Rights Issue of 35,52,370 Equity Shares for cash at the price of Rs. 140/- per share including premium aggregating to Rs. 49.73 crore by the Company.
Marg will hold a meeting of the Board of Directors of the Company on 23 March 2018, to consider the preferential issue of Equity Shares to M/s. Edelweiss Asset Reconstruction Company Limited subject to the approval of the Shareholders of the Company, in accordance with the applicable SEBI Regulations
Sai Inds.
Sai Industries will hold a meeting of the Board of Directors of the Company on 29 March 2018.
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