Voltas, BEML, Indiabulls Housing Finance in focus – Business Standard

Voltas: The board of directors of the company has approved a proposal to enter into a Joint Venture arrangement with Highly International (Hong Kong) Limited, a wholly-owned subsidiary of Shanghai Highly (Group) Company. With this JV, the company will engage in the business of design, development, manufacture, marketing, sale and service of inverter compressors for room air-conditioners, motors for inverter compressors, and their associated parts including sourcing of raw materials & components required for manufacturing these products, on such terms and conditions as may be mutually agreed between the parties.

BEML: A meeting of Board of Directors of the company will be held on 22 March 2022, to consider the Interim Dividend for FY 2021-22 on equity shares, if any.

Indiabulls Housing Finance: A meeting of the board of directors of the company is scheduled on 22 March 2022 to consider and approve raising of funds through issue of secured and/or unsecured bonds, in one or more tranches, on private placement basis.

GlaxoSmithKline Pharmaceuticals: GlaxoSmithKline Pharmaceuticals has completed the transaction relating to sale of the company’s trademarks ‘pertaining to ‘Iodex’ and ‘Ostocalcium’ brands in India to GlaxoSmithKline Asia Private Limited.

Yasho Industries: The Board of Directors of the company approved capital expenditure for new greenfield project for the capacity of 15,500 Metric Tonne per annum at Pakhajan Village, Taluka: Vagra, Dist. Bharuch.

Coastal Corporation: A meeting of board of directors of the company is scheduled to be held on 29 March 2022, to consider a proposal to issue equity shares to the existing shareholders on right basis.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Next Post