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HCL Tech in spotlight after setting record date for bonus shares
27-Nov-19   08:42 Hrs IST

HCL Technologies said that the record date for determining the entitlement of the equity shareholders of the company for the bonus shares has been fixed for 7 December 2019. On 23 October 2019, the board of directors had considered, approved and recommended issue of one bonus share for every one equity share held by the equity shareholders of the company.

Yes Bank said that the meeting of the board of directors of the bank is scheduled on 29 November 2019 to consider and approve raising of funds by issue of equity/ equity linked securities through permissible modes.

L&T Finance Holdings announced that the Committee of Directors of the company will approve raising of funds through proposed issue aggregating up to Rs. 60 crore and determine the issue price for the proposed issue on 29 November 2019.

Max India informed that the divestment of entire equity shareholding of the company in Pharmax Corporation has been completed on 25 November 2019 and the company has received Rs 60.73 crore as consideration for the divestment in terms of the Share Purchase Agreement executed amongst Max Estates, Max India and Pharmax Corporation. Consequently, Pharmax Corporation ceased to be a subsidiary of Max India with effect from 25 November 2019.

Seamec said that the company's vessel 'SEAMEC PRINCESS' has been contracted with Posh Subsea Pte for working at Mumbai High Offshore. The tenure of the contract is for firm period of 180 days with option of extension. The value of charter during firm period is $4.86 million.

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