Corporate Highlights

• Aarti Industries is merging with Avinash Drugs & Surfactant Specialties. The company will issue 8.8 lakh shares at Rs 5 per share. It will issue Rs 44 lakh worth shares to Avinash & Surfactant holders.

• Gujarat NRE Mineral is going to issue 1:1 bonus shares to non-promoters. Gujarat NRE Mineral is Australian arm of Gujarat NRE Coke.

• Mundra Port consortium bags Mormugao Port coal terminal development concessions. Mundra Port & SEZ the largest private port in India has won the bod for development of coal handling terminal at port of Mormugao, Goa on a DBFOT basis.

• Domestic passenger car sales recorded 30.91% increase at 1,15,067 units in July from 87,901 units in the same month last year.

• Prism Cement board approves amalgamation of H&R Johnson & MC Readymix with itself.