SIEL Financial Services: Deepak Kumar Rustagi is appointed as Chief Financial Officer (CFO) and key managerial personnel (KMP) of the company with effect from March 17. Ram Jeevan Chaudhary will be relieved from his responsibilities as Chief Financial Officer.
Greenlam Industries: The company has executed a share subscription agreement with Smiti Holding and Trading Company for allotment of up to 63.1 lakh equity shares at a price of Rs 309 per share. Smiti Holding is an investor and will get shares on a preferential basis.
Filatex India: CARE revised its credit rating on the company’s long-term bank facilities to A+, from ‘A’, with a stable outlook.
Hero MotoCorp: The company launched Euro-5 compliant variants of its three globally popular products (Xpulse 200 4V motorcycle and Dash 110 & Dash 125 scooters), in Turkiye. Hero has been operating in Turkiye since 2014 and caters to its customers through a network of over 100 touchpoints, which provide sales, service and spares.
Astral: The company has subscribed to Optionally Convertible Debentures of Rs 194 crore allotted by Gem Paints, and has appointed majority directors on the board of Gem Paints, and Esha Paints. Accordingly, Gem Paints and Esha Paints have become a subsidiary and step-down subsidiary of the company respectively.
Generic Engineering Construction and Projects: CRISIL has reaffirmed its long-term credit rating on the company’s bank loan facilities as BBB with a stable outlook and short-term rating as A3+.
The post The corporate movement that will have impact on these stocks first appeared on OUR INDIA BUSINESS.
The post The corporate movement that will have impact on these stocks appeared first on OUR INDIA BUSINESS.