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Saturday, December 7, 2019

Company update 6.12.19

BASF INDIA

BASF India Limited completes divestiture of stilbene based Optical Brightening Agents business to Archroma India Private Limited

We now wish to inform you that the closing has taken place and consequently, the Company's stilbene based Optical Brightening Agents business for paper and powder detergent applications stands transferred to Archroma India Private Limited with effect from 6 th December, 2019.

The Company has received a consideration of Rs. 33.50 crore subject to necessary working capital adjustments incuding an amount of Rs. 13.84 crore which will be kept in escrow for a period of 12 months from the closing date. 

BANK OF INDIA 

This is to inform that The Banking Licence for Bank of India (Botswana) Ltd (Wholly owned subsidiary) has been surrendered to Regulator on 05.12.2019. Hence Subsidiary be treated as closed with effect from 05.12.2019. 

BODAL CHEMICAL

This is to inform you that SENER BOVA KIMVA TEKSTIL SANAVI VE TICARET LIMITED SIRKETI, a subsidiary company of Bodal Chemicals Ltd has incorporated a Wholly Owned Subsidiary Company at Turkey, namely "SENPA DIS TICARET ANONIM SIRKETI".  

DYNACONS SYSTEM

Dynacons recognized as part of the Deloitte Technology Fast 50 India 2019. MUMBAI, India - December 02, 2019

Dynacons Systems & Solutions Limited today announced that it has been recognized as part of the Deloitte Technology Fast 50 India2019, a ranking of the 50 fastest growing technology companies in India. Rankings are based on percentage revenue growth over three years

KEC INTERNATIONAL

KEC International wins New Orders of Rs. 1,025 crore

Transmission & Distribution: The business has secured orders of Rs. 750 crore for T&D projects in India: 

Railways: The business has secured orders of Rs. 125 crore in India: 

Cables: The business has secured orders of Rs. 150 crore for various types of cables/ cabling projects.

TCS

Tcs'Advanced Drug Development Suite wins the lndia Pharma Award 2O19

Tata Consultancy Services' Cloud-based ADD Suite Received the Recognition for Leveraging Automation, At and IoT to Digitally Transform Clinical Trials

VASCON ENGINEERS

Vascon Engineers Ltd receives Work Order amounting toRs. 132.69 Crores

We are pleased to inform that Vascon Engineers Ltd has received Work Order from Airports Authority of India, a Domestic Entity, for the work of Extension of existing Terminal Building at Goa Airport Dabolim, including Civil Mechanical, Electrical, Plumbing, Firefighting, HVAC, Airport Systems, IT, Furniture, Signage's and allied works at GOA on design and build basis amounting toRs. 132.69 crores (excluding GST). The work has to be completed within 21 months from the lOth date of issue of Work Order (i.e. Q3rd December, 2019, received on 6th December, 2019).

None ofthe Promoter/Promoter Group has any interest in the aforesaid work.

ZENSAR TECHNOLOGIES 

Zensar Partners with Education Africa to support students of Business Management

Zensar, a leading digital solutions and technology services company that specializes in partnering with organizations across industries on their digital transformation journey, announced that it has partnered Education Africa in its education and skills development program for underprivileged local students. In a recently held event, the Zensar team expressed their support to 15 students from the University of South Africa (UNISA) to enable them to study Business Management remotely. The students were empowered with a scholarship, monthly internet data and mentorship.