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Daily Bulletin (13th December, 2019)

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Daily Bulletin (13th December, 2019)

1.Scrip code : 532921
Name : Adani Ports and Special Economic Zone Ltd
Subject : Intimation For Incorporation Of A Wholly Owned Subsidiary Company Namely ‘Adani Pipelines Private Limited’
Intimation for Incorporation of a Wholly Owned Subsidiary Company Namely ‘Adani Pipelines Private Limited’

2.Scrip code : 532482
Name : Granules India Ltd.
Subject : Announcement under Regulation 30 (LODR)-Updates on Joint Venture
Company has entered into an agreement with Hubei Biocause Heilen Pharmaceutical CO., Limited., Joint Venture Partner

3.Scrip code : 539289
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended We hereby intimate you that the Company has entered into a share purchase agreement with Mastek (UK) Limited (the ‘Seller’) on December 12, 2019, for acquisition of 2,000,000 shares of Majesco (USA), a material subsidiary of the Company (‘SPA’). In consideration for purchase of the shares, the Company will pay the Seller USD 15.94 Million, based on closing stock price of Majesco (USA) on the NASDAQ on December 11, 2019. Accordingly, after the completion of the aforesaid purchase, stake of the Company in its material subsidiary i.e. Majesco (USA), will increase to 74.6% from existing 69.9%. You are requested to take the above on your record.

4.Scrip code : 532898
Subject : Announcement under Regulation 30 (LODR)-Acquisition
POWERGRID acquired Rampur Sambhal Transco Limited under TBCB route.

5.Scrip code : 532955
Subject : Sale And Transfer Of Rampur Sambhal Transco Limited, Wholly Owned Subsidiary Of RECTPCL And Also Of REC.
In compliance with the provisions of SEBI (LODR) Regulations, 2015, it is informed that the entire shareholding of REC Transmission Projects Company Limited (RECTPCL), a wholly owned subsidiary of REC Limited in Rampur Sambhal Transco Limited, comprising of 50,000 equity shares, have been transferred along with all its assets and liabilities on December 12, 2019, to Power Grid Corporation of India Limited, the successful bidder selected through Tariff Based Competitive Bidding Process for construction of 765/400/220 kV GIS substation, Rampur and 400/220/132 kV GIS substation, Sambhal with associated lines. Hence, with effect from the aforesaid date, the above Project Specific SPV is not subsidiary of RECTPCL & REC.

6.Scrip code : 500325
Name : Reliance Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Reliance Strategic Business Ventures Limited (“RSBVL”), a wholly-owned subsidiary of Reliance Industries Limited (“RIL” or the “Company”) has acquired equity shares of Asteria Aerospace Private Limited (“Asteria”) for a cash consideration of INR 23,12,49,584/- (Indian Rupees twenty three crore twelve lakh forty nine thousand five hundred eighty four only). The said investment represents 51.78% holding in the equity share capital of Asteria.

7.Scrip code : 508494
Name : Warren Tea Ltd.
Subject : In Principle Decision Of The Board Of Directors To Monetise Some Assets Of The Company
The Board of Directors at its Meeting held today has decided in principle, to monetise certain Tea Estate(s) and /or other assets and for this purpose has authorized the Executive Chairman, the Managing Director and the President-Legal & Company Secretary to identify the Tea Estate(s) and/or other assets and to carry out the process of disposal. The Directors are of the view that it may be prudent for the Company to dispose of one or more of its Estates and/or other assets which have varying contributions and use the proceeds thereof to consolidate and strengthen its financial position including containment and optimization of liabilities including borrowings, as a concrete step towards improvement of the overall performance of the Company. For the purposes of such disposal of tea estates and/or other assets, consent of the shareholders of the Company pursuant to the provisions of the Companies Act, 2013 would be sought by postal ballot.

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