D B Realty, Marksans Pharma and Genesys International to see some action today

Genesys International Corporation Ltd. | IT - Software | IT & ITES | BSE: 506109 | NSE: GENESYS

12 Oct 2022 Evaluate

D B Realty has acquired entire equity shares of Spacecon Realty (Spacecon), a subsidiary company in which the Company/ its nominee already hold 74% stake. Post-acquisition of the shares by the Company, Spacecon shall be a Wholly Owned Subsidiary of the Company.

Marksans Pharma has entered into a Business Transfer Agreement with Tevapharm India, to acquire its business relating to the manufacture and supply of bulk pharmaceutical formulations in Plot No. A1, Phase 1-A, Verna Industrial Estate, Verna, Goa, India, as a going concern on a slump sale basis. Marksans has agreed to retain the site employees with existing terms of employment. The transaction is in cash consideration and is expected to be finalized by April 1, 2023, subject to the usual closing conditions.

Genesys International Corporation has received an order having value Rs 46 crore for Land Titling Project from Andhra Pradesh Government for Aerial photography data acquisition generation and supply of ORI for mapping and for Resurveying with modern technology using CORS Network, GNSS Receiver, and Aerial Systems.

Moneyboxx Finance is planning to raise funds by way of issuance of Rated, Unlisted, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) for an amount not exceeding Rs 20 crore. The Board of Directors of the Company is scheduled to be held on October 14, 2022, inter alia, to consider and approve the same.

Tata Consultancy Services (TCS) has enhanced its award-winning Quartz solution to enable central and commercial banks to support the entire lifecycle of Central Bank Digital Currency (CBDC) issuance, book-keeping and transactions. The company’s award-winning Quartz solution provides the capability to issue, trade and settle a variety of traditional as well as tokenized assets, and handle payment transactions.

In line with the company's discussion with Union Bank of India (formerly known as Corporation Bank) for the settlement of outstanding dues of NPA loan account, Kirloskar Electric Company has entered into a one-time settlement (OTS) of loan account with the aforesaid bank as per the terms and conditions of the said Bank. The Company has obtained the No Due Certificate (NOC) from the aforesaid bank on payment of full and final settlement amount.

Bank of Baroda (Bank), one of India's leading public sector banks, has opened four Mid-Corporate Cluster Offices spread across four zones - in Mumbai, New Delhi, Chennai and Kolkata. In line with the Bank's strategy to sharpen its focus on this segment, each Mid-Corporate Cluster Office will oversee a set of specialised branches in each zone catering exclusively to mid-sized corporates.