Hindustan Inks & Resins Ltds Micro Inks Corp entered into a $3.4-million supply pact for flush pigments with Handschy Industries for two years.
Most have pledged their shares as collateral to raise working capital or a term loan, to increase their holding or to fund an acquisition as a multinational had done to buy an Indian company. Companies are rushing to make disclosures on pledging of shares by their promoters after Sebi made it mandatory. Promoters have to disclose details of pledged shares if the same exceeds 25,000 shares in a quarter or 1 per cent of the total shareholding or voting rights of the company.
Hindustan Inks And Resins said the US International Trade Commission has determined that there is no reasonable indication that the US industry is materially injured on the basis of imports by its subsidiary, Micro Inks.
At present,Satish Khanna he is associated with companies such as Fullife Healthcare, Kagashin, Hi Tech, Provivi, Status Quo and Concord.