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03 Jul,15 10:46:23
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BSE ANNOUNCEMENTS
Corporate Events filed by the Companies to the BSE Stock Exchange. Click on more to get detailed news of the same.
 
   Arvind Ltd   [02-Jul-15]
Arvind announced that its subsidiary, Arvind Lifestyle Brands has entered into a license agreement with Aeropostale, Inc., the specialty retailer of casual and active apparel for young women and men. The license agreement covers brick and mortar retail locations as well as e-commerce. Arvind Lifestyle Brands is expected to open 30 standalone stores and 25 shop-in-shop locations over the next three years, beginning March 2016. Arvind will also launch e-commerce selling of Aeropostale products in India.

The New York based youth retailer boasts of over 1000 locations across the US, Canada and through licensing partnerships in the Middle East, Asia, Europe, Mexico and South America.

   SKF India   [02-Jul-15]
SKF India will hold a meeting of the Board of Directors of the Company on 21 July 2015, to consider the Unaudited Financial Results for the second quarter and half year ended 30 June 2015 (Q2).
   BAMPSL Sec.   [02-Jul-15]
BAMPSL Securities will hold a meeting of the Board of Directors of the Company on 17 July 2015.
   Bharti Airtel   [02-Jul-15]
Bharti Airtel announced that with respect to earlier announcements regarding agreements to divest tower assets in thirteen countries in Africa to different tower companies, the Company as on date has completed the sale transactions in 5 countries while in two countries the agreements have lapsed. For the balance 6 countries, the process is on. The Company hopes to have the finality in the coming few months on the transactions proposed, subject to availability of all approvals and completion of the conditions precedent. The total proceeds from the transactions already concluded are over $1.3 billion which would be utilised for reducing the debt.
   IL&FS Engg.   [02-Jul-15]
IL&FS Engineering & Construction Co announced that the Board of Directors of the Company at its meeting held on 02 July 2015, has resolved, subject to the approval of members of the Company and other statutory / regulatory approvals, to

1. issue up to 89 lakhs Equity Shares of Rs. 10/- each on a preferential basis at a price to be finalized as per the applicable SEBI Regulations to Infrastructure Leasing and Financial Services Limited and/ or IL&FS Financial Services belonging to Promoter & Promoter Group, in view of its requirement of Capital to meet ongoing funding requirements.

The Board of Directors resolved to complete the process during the quarter ending September 2015 and authorized Executive Committee of Directors to undertake all steps required in this regard

2. Further issue for an amount up to Rs. 500 crore by way of Qualified Institutional Placement / Rights Issue / Convertible Securities, or in any combination, to the eligible Investors in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (ICDR Regulations)

The timing, mode of issuance, pricing and exact quantum of the securities to be issued shall be decided by the Board of Directors.

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