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Trading Members of the Exchange are hereby informed that Ushdev International Limited has fixed Record Date for the purpose of sub division of equity shares of the company.
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Ushdev International hit a lower circuit limit of 5% at Rs 217.55 at 13:58 IST on BSE after the company declared poor Q2 September 2016 results after market hours yesterday, 22 November 2016.
Larsen and Toubro | Bharti Airtel | JBF Industries | UltraTech Cement | Ushdev International | Gujarat Industries Power | Piramal Enterprises | Tata Power | A2Z Infra | Surana Telecom and Jindal Steel & Power are stocks, which are in the news today.
The board of Ushdev International on Monday approved segregation of its renewable energy business by way of subsidiarisation of the wind power undertaking, and consolidation of the group business by merging Ushdev Commercial Services with itself. The decisions are, however, subject to approvals by shareholders, creditors, Bombay High Court, stock exchange, SEBI and other regulators. The board has delegated powers to its finance committee to appoint independent valuers to carry out valuation for these transactions and merchant bankers for issuance of fairness opinion.