Corporate Actions
« Previous Entries Next Entries »Allied Digital acquires 80.5% in Enpointe
Thursday, July 10th, 2008Allied Digital Services LTd.- one of the major IT service industry in India has recently announced that they have acquired 80.5 per cent stake in Enpointe Technologies Inc- infrastructure management business for $30 million.
The funding for these process will have two elements, 40 % will be cash and other will be done through equity transfer and ultimately will result in dilution of 5% equity of Allied Digital.
Gujarat NRE Board to consider Q1 results, Bonus Issue & Rights Issue on Jul 18, 2008
Thursday, July 3rd, 2008Gujarat NRE Coke Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 18, 2008, inter alia, to transact the following business:
1. To consider and approve the draft Financial Results of the Company for financial year ended March 31, 2008.
2. To recommend a Dividend, if any, for the financial year 2007-2008, subject to the approval of members of the Company.
3. To consider and take on record Unaudited Quarterly Financial Results for the quarter ended June 30, 2008 (Q1) and Audited Financial Results as well as consolidated Financial Results for the year ended March 31, 2008.
4. To consider issuance of bonus shares.
5. To consider issuance of shares on rights basis.
6. To fix date(s) for closure of Share Transfer Registers and Register of Members of the Company for the purpose of holding 21st Annual General Meeting.
7. To fix date, lime and place for holding 21st Annual General Meeting of the Company.
Sesa Goa fixes Record Date for Stock Split & Bonus Issue
Thursday, July 3rd, 2008Sesa Goa Ltd has informed BSE that August 18, 2008 has been fixed as the Record Date for Sub-division of shares of nominal value of Rs 10/- each to nominal value of Re 1/- each and for issue of bonus shares of Re 1/- each, credited as fully paid-up shares to the holders of the existing equity shares of the Company whose names appear in the Register of Members as on August 18, 2008 in the proportion of one equity share for every one existing equity share held by them.
Ramco Systems Board to consider Rights Issue
Thursday, July 3rd, 2008Ramco Systems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 10, 2008, to consider issue of equity shares on rights basis
Valecha Engineering Board to consider Bonus Issue
Tuesday, July 1st, 2008Valecha Engineering Ltd has informed BSE that a meeting of the Board of
Directors of the Company will be held on July 30, 2008, inter alia, to
consider the following:
1. To take on record the Unaudited Financial Results for the quarter ended June 30, 2008.
2. To consider issue of Bonus shares.
Idea Cellular - Open Offer to the shareholders of Spice Communications
Monday, June 30th, 2008Lazard India Pvt Ltd (”Manager to the Offer”), on behalf of Idea
Cellular Ltd (”Acquirer”) alongwith TMI India Ltd , TMI Mauritius Ltd,
TM International Berhad and Green Acre Agro Services Pvt Ltd (”Persons
Acting in Concert” or “PACs”) has issued this Public Announcement
(”PA”) to the Equity Shareholders of Spice Communications Ltd (”Target
Company”), pursuant to and in compliance with Regulation 10, Regulation
11 and Regulation 12 and other applicable provisions of the Securities
and Exchange Board of India (Substantial Acquisition of Shares and
Takeovers) Regulations 1997 and subsequent amendments thereto (”SEBI
(SAST) Regulations” or “Regulations”). Except for the Persons Acting in
Concert, no other person/individual/entity is acting in concert with
the Acquirer for the purposes of this Offer.
The Offer:
The
Acquirer and the PACs are making an open offer to acquire up to
137,985,050 equity shares (”Shares”) of the face value of Rs 10 each,
representing in aggregate 20% of the paid-up equity share capital of
Target Company in terms of Regulation 21(1) of the SEBI(SAST)
Regulations, at a price of Rs 77.30 per share (Rupees Seventy Seven and
thirty paise only) (”Offer Price”) payable in cash subject to the terms
and conditions mentioned in PA.
Schedule of Activities:
Specified Date - July 14, 2008
Date of Opening of the Offer - August 22, 2008
Date of Closing of the Offer - September 11, 2008
Hind Rectifiers Board to consider Dividend & Bonus Issue
Friday, June 13th, 2008Hind Rectifiers Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 24, 2008, inter alia, to consider the following agenda :
1. To approve and take on record the Audited Financial Results of the Company for the year ended March 31, 2008.
2. To recommend Dividend subject to the approval of Shareholders for the year ended March 31, 2008.
3. To consider issue of Bonus Shares.
4. To finalize the date of Book closure and Annual General Meeting.
5. To discuss the General Working of the Company.
Bafna Spinning Board to consider Stock Split
Friday, June 13th, 2008Bafna Spinning Mills & Exports Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 23, 2008, inter alia, to transact the following business:
1. To fix the Date, Time & Venue of the Annual General Body Meeting of the Members of the Company.
2. To approve the Accounts for the year ended March 2008.
3. To approve the Report of the Directors, Auditors of the Company.
4. To consider the Split in the Share Value from the existing face value of Rs 10/- to Rs 5/ per share of the Company.
Gail India Board to consider Bonus Issue
Friday, June 13th, 2008Gail India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 23, 2008, to discuss the matter relating to bonus shares in the said meeting.
Mavens Biotech Board to consider dividend & Stock split
Friday, June 13th, 2008Mavens Biotech Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 20, 2008, inter alia, to consider the following:
1. To adopt audited financial results for the year ended March 31, 2008.
2. To declare dividend.
3. To Re-appointment of Whole Time Director.
4. To discuss for sub-division of face value of equity shares.
5. To discuss for appointment of Auditors.
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