Ashok Leyland announced that the company has completed the acquisition of 58,500,000 shares of Rs.10/- each of Hinduja Tech Limited (HTL) from Nissan International Holding BV for a total consideration of Rs.70.20 crore constituting 38% in the paid-up share capital of HTL. Consequent to the said acquisition, HTL has become a wholly owned subsidiary of the Company.

Bayer CropScience announced that Bayer globally has announced its intent to divest the global Environmental Science professional business. With this decision, the Crop Science division will be able to sharpen its focus on its core agricultural business, accelerate its strategy implementation and allow the Environmental Science Business to find the growth resources it needs under new ownership.

Bharat Gears announced that CRISIL has revised the credit rating for bank facilities of Rs 325 crore availed by the company as under -

Long term rating - CRISIL BB+/ Stable (upgraded from CRISIL BB-; removed from 'Rating Watch with Negative Implications')

Short term rating - CRISIL A4+ (reaffirmed; removed from 'Rating Watch with Negative Implications')

Coromandel International has allotted 1,35,330 equity shares of Re.1/- each fully paid up to the option grantees today under the ESOP Scheme 2016.

Electrosteel Castings announced that the stock exchanges (BSE and NSE)have granted their no objection to the proposed scheme of amalgamation of Srikalahasthi Pipes (SPL) into the company.

The scheme remains subject to receipt of other statutory and regulatory approvals, including the approvals of the National Company Law Tribunal and the respective shareholders and creditors of SPL and the Company.

HSIL announced that on request of the Company for voluntarily withdrawal of credit rating of ‘CARE A1+' assigned by CARE Rating on Commercial Paper Issue as the facility has not been used by company to raise funds and there is no outstanding under the said issue as on date, CARE Ratings has withdrawn the rating on the said instrument, effective from 25 February 2021.

The Company's credit ratings for other facilities by CARE Ratings remain unchanged.

The Board of Zensar Technologies at its meeting held on 25 February 2021 approved and authorised its wholly owned subsidiary Zensar Technologies Inc. (a material subsidiary), to divest 100% of its equity shareholding, held by it in Aquila Technology Corp.

Aquila is primarily engaged in providing information technology and consulting services to the United States Government and its contractors. Based on the service agreement between Aquila and a customer, which requires independence, separation of its operations and lack of interdependence of Aquila on its related affiliates/parent, the Zensar Group has no ability to direct the relevant activities of and exercise control over Aquila. Accordingly, with a view to focus on the core businesses of Zensar group, over which it can exercise control, it is proposed to divest the investment in Aquila.

ITC has allotted 25,08,020 Ordinary Shares of Rs 1/- each, upon exercise of 2,50,802 Options by Optionees under the Company's Employee Stock Option Schemes on 25 February 2021.

Consequently, with effect from 25 February 2021, the Issued and Subscribed Share Capital of the Company stands increased to Rs 1230,78,69,771/- divided into 1230,78,69,771 Ordinary Shares of Rs 1/- each

Kirloskar Pneumatic Company has received reaffirmation in credit ratings from CRISIL as under -

Long term rating - CRISIL AA-/Stable
Short term rating - CRISIL A1+
Proposal of Commercial paper - CRISIL A1+

CRISIL has withdrawn credit rating of 'CRISIL AA-/ Stable' assigned to Non-convertible debentures since the instrument has not been placed by the Company.

KSB announced that the Board of Directors of the Company at its meeting held on 25 February 2021, has recommended a Final dividend of Rs.8.5 per share (i.e.85%), subject to the approval of the shareholders.