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  EID Parry

Parry Nutraceuticals (a division of EID Parry and part of the Murugappa Group) has forged a partnership with Synthite Industries, to apply proprietary patented technologies for extraction of Phycocyanin, a natural blue pigment found in Spirulina.

Natural Blue is one of the Primary colours, which is difficult to master and has very limited sources that are acceptable by regulatory bodies. Phycocyanin (Extracted from Spirulina) is approved by all major regulatory bodies in USA, EU, Japan and South Korea as food colour. Moreover Phycocyanin offers excellent stability and flexibility for application in a variety of food and beverages. Spirulina is being consumed for many decades as a health supplement and is proven safe. Therefore huge growth is expected in the natural food colours segment mainly driven by the consumer's demand for clean labels and favourable regulations.

Synthite Industries, with its strong global presence in the natural colour segment, will focus on this market, while Parry Nutraceuticals will continue catering to the Human nutrition segment.

  Aditya Bir. Nuv.

Aditya Birla Nuvo has allotted 43,168 equity shares of Rs. 10 each on 22 June, 2017, pursuant to exercise of stock options / RSUs under Employee Stock Option Scheme 2013.

  Tayo Rolls

Tayo Rolls announced that the Committee of the Board at their meeting held on 22 June 2017 has allotted 3,80,000 7.17% Non Cumulative Redeemable Preference Shares of Rs 100 each aggregating to Rs 3.80 crore to Tata Steel, the Promoter on preferential basis.

  Monotype India

The Board of Directors of Monotype India at its meeting held on 22 June 2017 have approved the proposal for listing of equity shares on Metropolitan Stock Exchange.

  Sakthi Sugars

Shakti Sugar had given corporate guarantee for the loan availed by Orlandofin BV, Netherlands, erstwhile wholly owned subsidiary of the Company, amounting to EUR 40 Million. As this loan has been fully settled by the borrower, the corporate guarantee given by the Company has been released and discharged.

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