ICICI Bank, Zensar Technologies and Tech Mahindra to see some action today

ICICI Bank is planning to raise fund by way of issuance of debt securities including non-convertible debentures/bonds/notes/offshore certificate of deposits in single/multiple tranches in any currency through public/private placement. The Board of the Bank at its meeting scheduled to be held on April 24, 2021 will consider the same.

Zensar Technologies has completed the process merger of the US-based 100% step-down subsidiaries (Merging Entities) into Zensar Technologies Inc., USA, a material wholly owned subsidiary of the company. The requisite filing process of merger applications, with respective local authorities/states, has been completed and with effective date of merger being April 1, 2021, the process is completed.

Tech Mahindra has received approval from its Investment Committee of the Board of Directors for the proposal to acquire 100% equity shares in DigitalOnUs, Inc. (DigitalOnUs) directly and indirectly through its wholly owned subsidiary -- Tech Mahindra (Americas) Inc. The transaction is expected to close by May 15, 2021.

Trident has opened six new exclusive showrooms across India for its bed and bath linen collections under Trident Home Décor Design. Thereby taking the total count of its exclusive showrooms to 18. The newly opened showrooms are located in Kolkata, Jaipur (two showrooms), Chandigarh, Mohali and Karnal.

Future Enterprises’ board of directors has approved a resolution plan to restructure the existing secured financial debt from the bankers of the Company (Existing Debt), as permitted under the Resolution Framework for COVID 19 related Stress announced by the Reserve Bank of India vide circular dated August 6, 2020 (COVID Resolution Framework). The said resolution plan, which remains subject to the approval of the Expert Committee (under the chairmanship of the K. V. Karnath) constituted by the Reserve Bank of India, has been approved by the lenders to the Existing Debt. The board of directors of the company at its meeting held on April 19, 2021, has approved the same.

Borosil Renewables has received approval for expansion plan to raise its production capacity of solar glass by an additional 1000 Tonnes Per Day (TPD) along with all processing capabilities in one or two phases. The estimated capital outlay will be Rs 1000 crore. The board of director of the company at their meeting held on April 19, 2021 approved the same.

Heranba Industries has received consent to establish (CTE) from Gujarat Pollution Control Board (GPCB) for manufacturing of pesticides, intermediates, fungicides, herbicides and insecticides (Products) at its Plot situated at Plot No. C-195 and C-196 in the Saykha Industrial Estate, within the village limits of Saykha, Taluka- Vagra, Dist. Bharuch (Saykha Plot).