Bhushan Steel to issue equity shares The committee of Bhushan Steel in its meeting on 21 February 2012 has decided to issue 1,41,57,220 equity shares of face value of Rs 2 each in the ratio of 1:15 to the existing equity shareholders of the company.

Elantas Beck India recommends final dividend Of Rs 4.50 per share The board of Elantas Beck India in its meeting on 21 February 2012 has recommended final dividend at the rate of Rs 4.50 per share.

Reliance Industries & SIBUR form a joint venture to produce butyl rubber in India Reliance Industries has announced that SIBUR, Russian petrochemical company and Reliance Industries have agreed to form a joint venture named Reliance Sibur Elastomers to produce 1 lakh tons of butyl rubber per year in Jamnagar, India.

Rain Commodities recommends dividend Of 55% The board of Rain Commodities in its meeting on 21 February 2012 has recommended dividend at the rate of Rs 1.10 per share (55%) for the financial year ended 31 December 2011.

Sanjay Leasing to increase authorised share capital To issue & allot equity shares The members of Sanjay Leasing have approved to increase the authorised share capital of the company from Rs 50 lakh to Rs 1.50 crore. Further, the members have approved to issue and allot 9 lakh equity shares of Rs 10 each to the persons in promoter group. This was approved at the extraordinary general meeting held on 21 February 2012.