It also strengthens HCLs automotive and industrial practices.
"Manufacturing vehicles that follow emission norms are a critical regulatory requirement and it is only prudent for all of us to catch up with the trends and make suitable products for our customers," Eicher Polaris CEO Pankaj Dubey said.Roll-out of BS IV variants in advance is something that justifies the companys vision and mission for the future, he added.A year after its launch, the company now markets the vehicle in 13 states across the country. The total value for the transaction will be $260-270 million, said a source. PURPOSE.
NO DEALINGS DATE & SETT. The entire business of Geometric will be transferred to HCL Tech by way of demerger, except for its 58 per cent share in a joint venture with Dassault Systemes, 3DPLM Software Solutions.
” ******* Global cooperation needed to bust international cartels *Competition authorities across the world should actively cooperate to bust international cartels, John M Connor, Professor Emeritus at US-based Purdue University has said.He was speaking at an event organised by non-profit group CUTS International and CUTS Institute for Regulation and Competition in New Delhi on Wednesday.A major problem faced by competition authorities is that they do not get cooperation from countries in acting against global cartels, Connor said.
Geometric Ltd. (532312; 632312) 15/03/2017 . More important, shareholders of Geometric shall receive one listed redeemable preference share of Rs 68 each, carrying annual dividend of seven per cent, in 3DPLM against every one share of Geometric.
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Geometric will be merged into 3DPLM, thereby giving 100 per cent ownership of the latter to Dassault Systemes (3DS).
****** Eicher Polaris rolls out BS IV-compliant Multix *Eicher Polaris, a 50:50 joint venture between Eicher Motors and Polaris Industries, has achieved full compliance with BS IV emission norms for its personal utility vehicle Multix.The company has achieved compliance way ahead of the Environment Pollution Control Authoritys regulation deadline of April 1, Eicher Polaris said in a statement. JM Financial Singapore acted as the exclusive corporate finance advisor to Geometric and JSA as the exclusive legal advisor to Geometric and 3DS. The full integration of 3DPLM into Dassault Systemes is the result of a continuous investment and successful partnership. Jan 27: The three-way merger between Geometric Ltd, HCL Technologies and 3D PLM has hit the first regulatory wall, with the Reserve Bank of India denying permission to the unlisted 3D PLM to issue listed redeemable preference shares to its non-resident shareholders. In return, shareholders of Geometric will receive shares in HCL Tech in a swap ratio of 10 equity shares of the latter for every 43 of the former. While, both HCL and Geometric are listed companies, 3D PLM is an unlisted company owned by non-resident investors.
Composite Scheme of Arrangement and Amalgamation:- Composite Scheme of Arrangement and Amalgamation:- DEMERGER: Upon coming into effect of the Scheme and in consideration for the transfer and vesting of the Demerged business undertaking of Geometric Ltd. in HCL Technologies Ltd, HTL shall allot equity shares in the following ratio : ... of 1,56,40,546 listed fully paid up equity shares of Rs. (MORE) PTI SR MSS RAM ABMCopyright © 2020 Living Media India Limited.
"The Scheme of Arrangement and Amalgamation between Geometric, HCL Technologies Limited and 3D PLM Software Solutions has become effective on March 2, 2017," Geometric said in a statement.Under the transaction, the entire business of Geometric has been transferred to HCL, it added.Simultaneously, Geometric has been merged into 3D PLM, it said.In April last year, HCL Technologies had signed an agreement to acquire all the business of Geometric in an equity swap deal.The acquisition, however, excluded the 58 per cent stake that Geometric owned in a joint venture -- 3D PLM Software Solutions Ltd -- with Dassault Systemes.Mumbai-based Geometric is a product life cycle management consulting, mechanical engineering and manufacturing engineering services provider.HCL Technologies is Indias fourth largest IT services firm.The deal will help HCL Technologies target the rapidly growing manufacturing engineering and PLM services market more aggressively.
HCL's buyout of Geometric is making it the world's third-largest technology engineering outsourcing company. The entire business of Geometric will be transferred to HCL Tech by way of demerger, except for its 58 per cent share in a joint venture with Dassault Systemes, 3DPLM Software Solutions. The fair trade regulator has also approved the merger of remaining undertaking of Geometric with 3DPLM. In April last year, HCL Technologies …
HCL will get about 74% of Geometric’s total business and expects the transaction to be completed by October-December. CODE.
Geometric Ltd. (532312; 632312) 15/03/2017 . The … The total value for the transaction will be $260-270 million, said a source.
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