PANJIM: The Board of Directors of Tree House Education and Accessories Limited (Tree House) on Tuesday proposed to issue and allot 18.5 lakh equity shares of Rs 10 each at a premium of Rs 222.60 per equity share aggregating to Rs 41.18 crore on preferential allotment basis to Aditya Birla Private Equity Sunrise Fund and ON Mauritius. The investors in the company include an existing shareholder ON Mauritius (4.5 lakh equity shares aggregating to Rs 10.01 crore) and Aditya Birla Trustee Co Pvt Ltd (12 lakh equity shares
aggregating to Rs 31.16 crore) for and on behalf of Aditya Birla Private Equity – Sunrise Fund. The Board of Directors of Tree House, inter alia, has considered, approved and recommended (for the approval of the shareholders of the company), an increase in the authorised share capital of the company from existing authorised share capital of Rs 35.50 crore to Rs 40.50 crore divided into 4 crore equity shares of Rs 10 each. A meeting of Shareholders in this regard is scheduled to be held on December 27.
Leadership award for AlphaBricks
PANJIM: AlphaBricks Technologies Pvt Ltd, a software solutions and services company, was conferred the Indian Leadership Award for industrial development on Wednesday at a national seminar held at New Delhi. Every year, the All India Achievers Foundation invites individuals who have led their teams to new heights while contributing to the growth of Indian Economy. The award was presented by Union Minister Ved Prakash and former chief Election Commissioner of India Dr G V G Krishnamurthy.
Seminar on building materials held
PANJIM: A seminar on ‘Smart Building Materials’ was organised by the Institution of Engineers (India), Goa State Centre in association with NCL Group of Industries, Bangalore at Hotel Mandovi, recently. The company presented a range of products such as bison panel, Alltek, NCI Paints, Wintech door & Window frames, which are weather, fire resistant and termite proof and compliment the ambience of offices and homes. The doors & windows have a distinct advantage like durability, strength and maintenance free and lasting elegance. All these materials are designed to suit Indian conditions and one such effort by the Company to bring in the green movement in the country. Dilip Sahakari welcomed; D C S Gaitonde, Chief Engineer, PWD was the chief guest; G M Naik Parrikar thanked and Yogesh Bhobe compered. Executive Director, NCL Industries Ltd K Gautam made a presentation of the products.