Industry News

ProGreen Properties, Inc. has entered into a $5,000,000 equity line financing agreement with the Tangiers Global, LLC investment fund. The financing is in form of an Equity Line of Credit over a maximum of 36 months. An S-1 Registration Statement will be filed with the SEC for up to one hundred million shares as part of this financing."/>
ProGreen Properties Signs $5,000,000 Equity Line
Religare Enterprises Ltd, has acquired 1.32 million pledged shares of India's largest private shipbuilder ABG Shipyard Ltd to take a 24.49% stake in the debt-laden company. In its filing to BSE, ABG Shipyard said Religare Finvest has acquired 1.32 million shares, representing 24.49% stake in the shipbuilder, by invoking the' encumbrance' clause. This acquisition will, under the rules, now trigger an open offer to ABG Shipyard's..."/>
Religare Finvest acquires ABG Shipyard's pledged shares to take 24.49% stake [Mint, New Delhi]
Franklin Resources, Inc., completed the relocation of its New York City headquarters to 280 Park Avenue on June 27th, along with other divisions of Franklin Templeton Investments. "Relocating to 280 Park Avenue allows us to accommodate Fiduciary Trust's continued growth," said John M. Dowd, chief executive officer of Fiduciary Trust Company..."/>
Fiduciary Trust Company International Completes Relocation of Its New York Headquarters

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