|
BSE
17-Jul-2008 |
Abhishek Corporation Ltd has informed BSE that the Board of Directors of the Company on the recommendation of Remuneration
Committee, at its meeting held on June 28, 2008 has revised the terms of appointment of Mr. Anasaheb R Mohite, Managing
Director of the Company.
|
|
BSE
17-Jul-2008 |
Allahabad Bank has informed BSE that Government of India, Ministry of Finance, Department of Financial Services vide
notification dated July 04, 2008 advised Shri. K K Agarwal, Executive Director of the Bank to coordinate the day-to-day
affairs of the Bank from July 01, 2008 i.e. the date from which Shri. A C Mahajan ceased to be a Chairman and Managing
Director of the Bank until the date of new incumbent joins or until further orders, whichever is earlier. However, the
financial and administrative powers of the CMD shall be exercised by the Board of Directors / Management Committee of the
Board during this period.
|
|
BSE
17-Jul-2008 |
With reference to the news item appearing in a leading financial daily titled "Ansal to offload 16% stake in Greater Noida
project", Ansal Properties & Infrastructure Ltd has clarified to BSE that the news about Company's strategic stake sale of
15% or more to any investor for Rs 1900 crores is not the factual position. Further, any other details attributable to the
Company, with regard to the said project and not in consonance with the earlier announcements given to Stock Exchanges in
this regard, from time to time, are incorrect and hereby denied.
|
|
BSE
17-Jul-2008 |
Asian CERC Information Technology Ltd has informed BSE regarding a Press Release dated July 16, 2008 titled "Asian CERC
launches Reportsjunction.com". Press Release : "Asian CERC Information Technology Ltd, a leading provider of cutting edge
financial software products and content services has announced the launch of a new website called www.reportsjunction.com.
The website is developed to fulfill the latent demand of public documents at one place. It is no less than an ocean of
digital documents that offers more than 60,000 documents covering Annual Reports & IPO Prospectus since 1995 and offer
documents and quarterly results. The product basically targets array of users like Chartered accountants, Company Secretaries
Research organizations, Banks, Stock Brokers, Mutual funds, registered arid unregistered portfolio managers, and many more.
The product is offered at a subscription price of Rs 4999/- per annum (including Tax) for any 500 downloadable documents.
Asian CERC Information Technology Ltd, A Religare Technova Company, is a leading provider of IT services to clients globally.
Since two decades, Asian CERC has been providing solutions for dynamic environments where business and technology converge
to evolve growth and prosperity. Leveraging on its rich expertise in providing financial content & technological solutions
to a wide array of domestic clients, it is now poised to take the next leap by serving offshore clients. Simultaneously it
has floated an offshore development center in India, which will cater to clientele spread across the globe. Its development
center prides in a state-of-the art infrastructure and a competent workforce comprising of experienced professionals who have
worked extensively in the areas of IT services across various Technology platforms and tools. Asian CERC's solutions
encompass the entire spectrum of IT, Investment Software Products and Financial Analysis services."
|
|
BSE
17-Jul-2008 |
Citigroup Global Markets India Pvt Ltd ("Manager to the Delisting Offer") on behalf of Robert Bosch GmbH ("Acquirer") has
issued this Public Announcement ("PA") to the equity shareholders of Bosch Chassis Systems India Ltd ("Target Company"),
pursuant to Clause 7 of the Securities & Exchange Board of India (Delisting of Securities) Guidelines, 2003 (the "Delisting
Guidelines"), in respect of the proposed acquisition and delisting of the fully paid-up equity shares of Target Company under
the Delisting Guidelines (the "Delisting Offer"). The Acquirer is the ultimate holding company of Robert Bosch LLC & Robert
Bosch Investment Nederland B V, the promoter of the Company, who collectively hold 80.0% of the total issued equity share
capital of the Company. The Offer: The Acquirer is making this PA to acquire, subject to the conditions mentioned in para
32 of this PA, upto 4,158,906 equity shares of Rs 10 each representing 20.0% of the fully paid-up equity share capital of
Company under the Delisting Guidelines & delist the equity shares from the BSE & NSE. The board of directors of the Acquirer
has vide its resolution dated June 02, 2008, resolved to make a voluntary delisting offer to the Public Shareholders of the
Company in accordance with the Delisting Guidelines, to acquire upto 20.0% of the equity share capital of the Company,
provided the price payable per equity share does not exceed Rs 600. However, this should in no way be construed as a ceiling
or maximum price for the purposes of the reverse book building process contemplated herein & the Public Shareholders are free
to tender their equity shares at any price higher than the Floor Price. The Acquirer has vide letter dated June 02, 2008
expressed its intention to the board of directors of the Company to make another voluntary delisting offer to the Public
Shareholders of the Company in accordance with the Delisting Guidelines in order to enhance operating flexibility of the
Company & to provide a second exit opportunity to the Public Shareholders of the Company. The approval of the shareholders
of the Company is required in terms of Clause 6 of the Delisting Guidelines for any voluntary delisting of a Company. The
shareholders of the Company have granted their approval for a voluntary delisting of the equity shares from the Stock
Exchanges pursuant to a special resolution passed at the extraordinary general meeting of the Company held on July 15, 2008.
The Equity Shares are most frequently traded on BSE for the 26 week preceding the date of this PA. The Floor Price of the
Delisting Offer determined in accordance with Clause 8(2) of the Delisting Guidelines is Rs 514 ("Floor Price"), which is the
average of the preceding 26 weeks traded price quoted on the stock exchange where the equity shares are most frequently
traded. The price for Delisting Offer ("Discovered Price") will be determined pursuant to the reverse book building process
prescribed under the Delisting Guidelines. The Acquirer shall announce the Discovered Price, & its decision to offer an Exit
Price or reject the Discovered Price & withdraw the Delisting Offer, in accordance with the timetable set out in this PA.
Schedule of Activities: Resolution for delisting of equity shares passed by the shareholders of the Company - July 15, 2008
Public Announcement - July 17, 2008 Bid Letter expected to be posted on or before - July 22, 2008 Bid Opening Date (10.00
am) - August 04, 2008 Bid Closing Date (3.00 pm) - August 08, 2008 Acceptance of Discovered Price/ Announcement of Exit
Price/ Rejection of Discovered Price - August 12, 2008 Final Settlement Date with the BSE for equity shares in
dematerialized form** - August 13, 2008 Tender Offer for holders of physical certificates opens - August 14, 2008 Last day
for Public Shareholders holding equity shares in Physical form to tender their Shares - August 28, 2008 Final Settlement
Date for Public Shareholders holding equity Shares in Physical Form - September 10, 2008 ** Subject to the announcement of
an Exit Price by the Acquirer.
|
|
BSE
17-Jul-2008 |
Choksh Infotech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 14, 2008, Mr.
Arikatla Srinivasa Reddy and Mrs. D malathy has been appointed as additional director on the Board of the Company. Mr. A
Srinivasa Reddy has been appointed as the Vice chairman and Managing Director of the Company with effect from July 14, 2008.
Mr. Vijay S Chokshi has resigned as Managing Director of the Company and however will continue as wholetime director of the
Company.
|
|
BSE
17-Jul-2008 |
With reference to the earlier announcement dated April 24, 2008 regarding the Board approved the sale of E.I.D.- Parry
(India) Ltd's 47% equity holding in Parryware Roca Pvt Ltd., to M/s. Roca Bathroom Investments S.L., an affiliate of Roca
Sanitario S.A., Spain, subject to the necessary approvals including that of Foreign Investment Promotion Board for a
consideration of Euro 111,149,111 (Euro One hundred and eleven million one hundred and forty nine thousand and one hundred
and eleven), EID Parry India Ltd has informed BSE that the sale has been completed and consideration of Rs 747.39 Crores has
been received. With this transfer E.I.D. ? Parry (India) Ltd's equity holding in Parryware Roca Pvt Ltd is 3%.
|
|
BSE
17-Jul-2008 |
Galaxy Agrico Exports Ltd has informed BSE that the Members of the Company, by way of postal ballot, have approved the
following Special Resolutions with requisite majority: 1. Resolution pursuant to Section 17 read with section 192A of the
Companies Act 1956 for addition of object clause III of the Memorandum of Association. 2. Resolution passed pursuant to
section 198, 269 & 309 of the Companies Act 1956 read with part II Schedule XIII. For appointment of Director Shri Manoj
Harsukhlal Shah, on remuneration, terms & conditions. 3. Resolution passed pursuant to section 198, 269 & 309 of the
Companies Act 1956 read with part II Schedule XIII. For appointment of Director Shri Sanjay Jayantilal Patel, on
remuneration, terms & conditions.
|
|
BSE
17-Jul-2008 |
Housing Development Finance Corporation Ltd (HDFC) has informed BSE that the shareholders at the 31st Annual General Meeting
(AGM) of the Corporation held on July 16, 2008, inter alia, have transacted the following: 1. Considered and adopted the
audited profit and loss account for the year ended March 31, 2008, the balance sheet as at that date and the reports of the
directors and the auditors thereon. 2. Declared dividend @ Rs 25 per equity share. 3. Re-appointed Mr. D M Satwalekar, Mr.
D N Ghosh & Dr. Ram S Tarneja as Directors of the Corporation. 4. Re-Appointed Messrs. Deloitte Haskins & Sells, Chartered
Accountants as Auditors, for the purpose of audit of the Corporation's accounts at Head Office, all its branch offices in
India and its branch office at London, United Kingdom. 5. Re-Appointed Messrs. Pannell Kerr Forster, Chartered Accountants,
as Auditors, for the purpose of audit of the accounts of the Corporation's Branch at Dubai, U.A.E. 6. Appointed Dr. Bimal
Jalan as a Director of the Corporation. 7. In term of the provisions of Section 293(1)(d) of the Companies Act, 1956,
authorised the Board to borrow monies in excess of the paid-up share capital and free reserves of the Corporation up to an
amount not exceeding Rs 1,50,000 crores. 8. Re-appointed Ms. Renu Sud Karnad as the Wholetime Director of the Corporation
(designated as the Joint Managing Director) for a period of 5 years with effect from May 03, 2008. 9. Authorised the Board
of Directors to create, offer, issue and allot equity shares of the aggregate nominal face value not exceeding Rs 5,69,00,000
to present and future permanent employees and Directors of the Corporation as stock option in terms of Securities and
Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as amended.
|
|
BSE
17-Jul-2008 |
With reference to the news item appearing in a leading financial daily titled "M&M set to buy Kinetic assets", Kinetic Motor
Company Ltd has clarified to BSE that the said article is of speculative nature. The Company is exploring various
alternatives to raise funds. However no definitive agreement has been entered with Mahindra & Mahindra Ltd or anyone.
|
|
