Corporate Action

Abbott India

The Board of Abbott India appoints Karen Peterson (DIN: 08865448) as Additional and Non-Executive Director on the Board of the Company effective 08 September 2020.

CEAT

CEAT announced that India Ratings and Research has provided the following credit ratings for its debt facilities-

Non convertible debentures (Rs 250 crore) - IND AA-; Stable (Assigned)

Long term bank facilities (Rs 2491 crore) - IND AA-; Stable (Affirmed)

Commercial paper issue (Rs 350 crore) - IND A1+ (Affirmed)

Escorts

Escorts announced that Escorts Kubota, a 60:40 joint venture between Kubota Corporation, Japan and Escorts, has started the commercial production of Kubota Tractors from 25 September 2020.

Milkfood

Milkfood will hold a meeting of the Board of Directors of the Company on 5 October 2020.

Ester Industries

Ester Industries has received upgradation in credit ratings from Brickwork Ratings India as under:

Fund Based Long term - BWR BBB+; Stable (upgraded from BWR A]; Stable)

Fund based / non fund based short term - BWR A2 (upgraded from BWR A2+)

Rathi Steel

Rathi Steel & Power will hold a meeting of the Board of Directors of the Company on 5 October 2020.

St Bk of India

State Bank of India will hold a meeting of the Board of Directors of the Company on 30 September 2020.

Sequent Scien.

Sequent Scientific has completed the sale of investments held by the company in Strides Pharma Science to Pronomz Ventures LLP on 25 September 2020.

The proceeds of the sale (net of taxes) will be predominantly utilised to consolidate the Company's shareholding in Provet Veteriner Urunleri San. Ve Tic. A. S., Turkey (Provet) by acquiring 40% stake held by Dr. Husein Aydin in Provet, with the balance to be used to pare the outstanding debt of the Company.

Sunraj Diamond

Sunraj Diamond Exports will hold a meeting of the Board of Directors of the Company on 30 September 2020.

Jetking Infotrai

Jetking Infotrain will hold a meeting of the Board of Directors of the Company on 1 October 2020.