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Tuesday, February 15, 2011

Duncans Industries Ltd: Disclosures under Reg. 8A of SEBI (SAST) Regulations, 1997

Duncans Industries Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE

Date of Reporting : February 11, 2011
Name of the Company : Duncans Industries Ltd
Total no of outstanding shares of the Company : 53223026

Name of the Entity : ISG Traders Ltd

Details of Transaction
Date of Transaction : February 02, 2011
Number of Shares Pledged : 79421 (Revoke)

Aggregate details after the transaction
Total no of shares held by the entity in the company : 24643537
Total No of shares pledged : 24504216*
% of total shares pledged to total no of shares held by the entity in the Company : 99.43%
% of shares pledged to total no of outstanding shares of the Company : 46.04%

*Includes 2,03,83,637 shares (representing 38.30% of the capital of the company and 82.51% of the promoters' holding) pledged in favour of banks/institutions as collateral security for the sanction of credit facility in terms of restructuring under CDR mechanism.Read More

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