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SRF bags Platinum Greentech Safety award

Chennai, Feb 26 (UNI) The Greentech Foundation has awarded 'Platinum Greentech Safety' award to SRF Limited for outstanding achievement in the field of OHSAS industrial fire safety and security and environmental management.

SRF Limited is a leading player in technical textiles, refrigerant gases and having operating interests in packaging films and pharma intermediates, a release said here today.

The primary objective of the Greentech Foundation, a non-profit organisation, is to promote education, training, research in all matters of environment management, it added.

UNI

Prithvi Info Allot 50 mn USD FCCBs to Lehman Brothers

Hyderabad, Feb 26 (UNI) Prithvi Information Solutions Limited has allotted Zero Coupon FCCBs to the tune of 50 million USD to Lehman Brothers International (Europe), at a conversion price of Rs 469.13 per equity share. Each bond was of the value of 100,000 USD and the yield to maturity would be 8.58 per cent. The bonds would be listed on the Singapore Stock Exchange. ''The company has already identified a few companies for acquisition. With financial closure now done, Prithvi will.....

Granules India to allot 14.9 % stake to Ridgeback

Hyderabad, Feb 26 (UNI) Granules India Limited's Board of Directors had approved allotment of 14.9 per cent stake to Ridgeback Capital Investment. US-based Ridgeback Capital Investment would invest around 5.6 million US Dollars in Granules India, which was a leading pharmaceutical formulation company. The Granules would issue 22,11,200 equity shares of Rs 10 each fully paid up at Rs 105.50 per share (including premium) to Ridgeback Capital on their affiliates on a preferential basis, a company release here said. The.....

Pawan Goenka appointed Chairman of new JV company

Chennai, Feb 26 (UNI) Dr Pawan Goenka has been appointed Chairman of the new Joint Venture company promoted by auto majors Mahindra and Mahindra, Renault and Nissan. This was announced by Mr Keshub Mahindra, Chairman of Mahindra and Mahindra Ltd at a press conference here today. Mahindra and Mahindra would hold 50 per cent equity in the JV, while the balance would be held by the other two companies. The JV has been formed to establish a utility vehicle and car.....
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