Wednesday, April 15, 2009
Good Luck Steel Board to consider Sub-division of equity shares
Good Luck Steel Tubes Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2009 to consider & approve sub-division, Splitting of Equity Shares of the Company.
TCS surprises market
Tata Consultancy Services (TCS) country's largest exporter of software products has surprised the markets with 1:1 bonus issue. This is the second time that the company is issuing bonus shares. But the market is enthused by the news. The stock ended in negetive territory.
Jai Bharat Maruthi - change in address - Registrars
Jay Bharat Maruti Ltd has informed the Exchange that "The Company's Registrar & Share Transfer Agent (RTA) M/s MCS Ltd has been shifted from: "Sri Venkatesh Bhawan, W-40, Okhla Industrial Area, Phase - II, New Delhi - 110020." To "F-65, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi- 110020
PNB Gilts - Change in address of Registrars
Pnb Gilts Limited has informed the Exchange that M/S MCS Ltd, Registrar & Share Transfer Agents (R&TA) of the company has shifted the office and its new address is as follows: M/S MCS Ltd, F-65, 1st Floor , Okhla Industrial Area, Phase - I , New Delhi-110 020 .
Top gainers
CMC limited Closing Price 571.75 (change 51%)
Lanco Infra Closing Price 229.25(change 22%)
Lanco Infra Closing Price 229.25(change 22%)
Monday, April 13, 2009
Satyam taken over by Tech Mahindra
Tech Mahindra has emerged as highest bidder for acquiring majority stake in Satyam Computer Services outbidding L&T and Cognizant. Venturbay Consultants Private Limited , a subsidiary controlled by Tech Mahindra Limited has bid for Satyam
Tech Mahindra quoted Rs.58 per share while L&T quoted Rs.45.90 and WL Ross Funds quoted RS.20.
Tech Mahindra quoted Rs.58 per share while L&T quoted Rs.45.90 and WL Ross Funds quoted RS.20.
Gaining most
Rolta India Closing Price 103.25 (gain 43.20%)
Gateway Dist. Closing Price 76.55 (gain 25.08%)
Gateway Dist. Closing Price 76.55 (gain 25.08%)
Pantaloon Retail to split
Pantaloon Retail (India) Ltd. has informed the Exchange that a meeting of Board of Directors of the Company was held on April 13, 2009 and the Board inter alia has approved the following:
(1) Appointment of Mr. Shailesh Haribhakti as Chairman of the Board.
(2) Issue of Equity Shares and Warrants on Preferential basis to : (a) 1,10,00,000 Equity shares at a price of Rs. 183/- per share aggregating to Rs. 201,30,00,000/- to the Promoters and their associates; (b) 41,00,000 Equity shares at a price of Rs. 183/- per share aggregating to Rs. 75,03,00,000/- to the Dharmyug Investments Limited; (c) 50,00,000 Warrants at a price of Rs. 183/- per share aggregating to Rs. 91,50,00,000/- to the Promoters and their associates with an option to the Warrant holders to acquire same number of equity shares with in a period of 18 months pursuant to Chapter XIII of Securities & Exchange Board of India (Disclosure & Investor Protection) Guidelines, 2000 relating to Preferential Issues; The relevant date for the pricing of the aforesaid Issue is April 12, 2009.
(3) The sale/ transfer of the Retail Divisions and Fashion Division of the Company to its wholly owned subsidiaries. The sale/ transfer is subject to consent by the requisite majority of the shareholders of the Company and any other statutory or regulatory authorities, which by law may be necessary for giving effect to the above decision.
(4) Board passed the resolution for change the name of the Company, subject to approval of Members, to "Future Markets and Consumer Group Limited" or such other name as may be allowed by the Registrar of Companies, Maharashtra.
(5) An Extraordinary General Meeting of the Company will be held on May 12, 2009 for obtaining shareholders approval for the Preferential Issue of equity shares and warrants to Promoters and Investors.
(6) Board authorised conduct of postal ballot for approval of the requisite resolutions for sale/ transfer of the divisions as contemplated hereinabove, and change of name of the Company, by members. Board also noted cancellation of balance 1,26,51,944 warrants for which conversion option was not exercised upto April 01, 2009, being the last due date to exercise conversion option.
(1) Appointment of Mr. Shailesh Haribhakti as Chairman of the Board.
(2) Issue of Equity Shares and Warrants on Preferential basis to : (a) 1,10,00,000 Equity shares at a price of Rs. 183/- per share aggregating to Rs. 201,30,00,000/- to the Promoters and their associates; (b) 41,00,000 Equity shares at a price of Rs. 183/- per share aggregating to Rs. 75,03,00,000/- to the Dharmyug Investments Limited; (c) 50,00,000 Warrants at a price of Rs. 183/- per share aggregating to Rs. 91,50,00,000/- to the Promoters and their associates with an option to the Warrant holders to acquire same number of equity shares with in a period of 18 months pursuant to Chapter XIII of Securities & Exchange Board of India (Disclosure & Investor Protection) Guidelines, 2000 relating to Preferential Issues; The relevant date for the pricing of the aforesaid Issue is April 12, 2009.
(3) The sale/ transfer of the Retail Divisions and Fashion Division of the Company to its wholly owned subsidiaries. The sale/ transfer is subject to consent by the requisite majority of the shareholders of the Company and any other statutory or regulatory authorities, which by law may be necessary for giving effect to the above decision.
(4) Board passed the resolution for change the name of the Company, subject to approval of Members, to "Future Markets and Consumer Group Limited" or such other name as may be allowed by the Registrar of Companies, Maharashtra.
(5) An Extraordinary General Meeting of the Company will be held on May 12, 2009 for obtaining shareholders approval for the Preferential Issue of equity shares and warrants to Promoters and Investors.
(6) Board authorised conduct of postal ballot for approval of the requisite resolutions for sale/ transfer of the divisions as contemplated hereinabove, and change of name of the Company, by members. Board also noted cancellation of balance 1,26,51,944 warrants for which conversion option was not exercised upto April 01, 2009, being the last due date to exercise conversion option.
Sensex Rises 163 points
Sensex is in northward journey. The bears are hiding. The sensex rose 163 points and closed at 10967 points after crossing 11000 during the day.
Thursday, April 9, 2009
Bhagyanagar India Limited
Bhagyanagar India Limited has informed the Exchange that "The Board of Directors of the Company at their Meeting held on April 09, 2009 has approved: Buy Back of the Company's fully paid-up equity shares of Rs.2/- each, from open market through Stock Exchange mechanism, subject to the approval of the members through postal ballot and from SEBI under the SEBI (Substantial Acquisition of Share and Takeovers) Regulations 1997, for an amount not exceeding 20,00,00,000/- (Rupees Twenty Crores only) to a minimum of 50,00,000 shares and a maximum of 1,00,00,000 shares, up to a maximum price of Rs. 40/- per equity share, in accordance with the provisions contained in the Articles of Association, 77A, 77AA, 77B and other applicable provisions of the Companies Act, 1956. The above decision of the board has been taken to enhance overall shareholder value by returning surplus funds to shareholders in an investor-friendly manner and to enhance the earnings per share of the Company in future, and create a long-term shareholder value".
Datamatics Technologies Limited
The name of Datamatics Technologies Limited shall be changed to Datamatics Global Services Limited and the trading symbol of the Company be changed from DATATECH to DATAMATICS w.e.f. April 20, 2009.
Infomedia 18 Board to consider Rights Issue
Infomedia 18 Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 11, 2009, for considering a proposal for issue of shares on rights basis to the existing shareholders of the Company.
Wednesday, April 8, 2009
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