Sensex

Tuesday, March 22, 2011

GMR Infrastructure Ltd: Extraordinary act of philanthropy by G M Rao

GMR Infrastructure Ltd has informed BSE regarding a Press Release dated March 22, 2011 titled "Extraordinary act of philanthropy by G M Rao"Read More

Rainbow Papers Ltd: EGM on Apr 20, 2011

Rainbow Papers Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on April 20, 2011.Read More

Bell Ceramics Ltd: Outcome of Board Meeting

Bell Ceramics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 25, 2011, decided to convene an Extra Ordinary General Meeting of the members of the Company to be held on April 16, 2011.

D. B. Corp Ltd: Credit Rating

D. B. Corp Ltd has informed BSE that the Credit Rating of the Long Term Loans (including Working Capital Limits) of the Company has been upgraded from 'CARE AA ( Double A )' to 'CARE AA+( Double A plus )', as per copy of the letter dated March 18, 2011, issued by CARE Ratings (Credit Analysis and Research Ltd).

SKS Microfinance Ltd: Disclosures under Reg.13(4) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Sandeep Ralhan has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Emami Infrastructure Ltd: Disclosures under Reg. 7(1A) of SEBI (SAST) Regulations, 1997

Raj Kumar Goenka has submitted the disclosure under Regulation 7(1A) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE:Read More

HDFC Mutual Fund - HDFC Debt Fund for Cancer Cure - Dividend Payout - 100% Dividend Donation Option: Declaration of NAV

HDFC Mutual Fund - HDFC Debt Fund for Cancer Cure - Dividend Payout - 100% Dividend Donation Option has submitted to BSE the NAV of the scheme and is placed at Corporate Announcement on BSE-India Website.Read More

Vijaya Bank: Outcome of EGM

Vijaya Bank has informed BSE that at the Extraordinary General Meeting of the Bank held on March 22, 2011, Bank shareholders approved the issue and allotment upto 3,91,48,936 equity shares to Government of India for an amount of Rs 368 crore at an issue price of Rs 94.00 per share (i.e. face value of Rs 10 and premium of Rs 84 per share) on preferential basis as per the guidelines issued by GOI, RBI, SEBI and other relevant regulations.

Hindustan Composites Ltd: Updates on Buy back Offer

India Infoline Ltd ("Manager to the Buyback Offer") on behalf of Hindustan Composites Ltd ("Target Company") has informed the Post Offer Public Announcement to the equity shareholders/ beneficial owners of Target Company, which is in continuation of & should be read in conjunction with the Public Announcement ("PA") published on January 25, 2011, Corrigenda were published on February 09, 2011 and February 10, 2011 respectively.

This Post Offer Public Advertisement regarding completion of Buy-Back offer in compliance with Regulation 19(7) of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 ("Buy-Back Regulations") and subsequent amendments thereof.

A. The Buy back:

The Company had announced the buy-back of its fully paid-up Equity Shares of face value Rs. 10/- each ("Equity Shares") in accordance with the provisions of Sections 77A, 77AA and 77B of the Companies Act, 1956 (the "Act") read with Article 16A of the Articles of Association of the Company and the Buy-Back Regulations at a price not exceeding Rs. 550/- per Equity Share ("Maximum Offer Price") payable in cash, for an aggregate amount not exceeding Rs. 3,180.76 Lacs ("Buy-Back Size") from the existing owners/ beneficial owners of the Equity Shares of the Company other than the Promoters, Persons who are in control of the Company and Promoter Group.

The buy-back was implemented by the Company through the methodology of "Open Market purchases through Stock Exchanges" using the electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and the National Stock Exchange of India Ltd ("NSE"), ("Stock Exchanges").

The buy-back commenced on February 10, 2011 and closed on March 18, 2011. The said closure was approved by the Buy-Back Committee of the Company at its meeting held on March 16, 2011.

B. Details of the Buy back:

The total number of Equity Shares bought back under the buy-back is 5,77,000 Equity Shares for a total consideration of Rs. 3,152.68 lakhs (excluding brokerage and other charges). The Company is in the process of extinguishing 4,907 Equity Shares bought back.

Till the closure of the buy-back, the Company has utilized a total of Rs. 3,152.68 lakhs (excluding brokerage and other charges) which represents 99.12 % of the Buy-Back Size.

The price at which the Equity Shares were bought back was dependent on the price quoted on the BSE and the NSE. The Equity Shares were bought back at an average price of Rs. 546.39 per Equity Share.

The Equity Shares bought were in the demat segment from the Stock Exchanges. As the offer for the buy-back of the Equity Shares of the Company was from the open market through Stock Exchange(s), the identity of shareholders from whom Equity Shares exceeding one percent of the total Equity Shares bought in the buy-back is not known.

C. Capital Structure:

The capital structure of the Company, pre and post buy-back, is as under:

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Share CapitalIssued, Subscribed & Paid-up
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Pre-Buy-Back (as on as on date of publishingRs. 5,50,00,000/- (55,00,000 Equity Shares of Rs. 10/- each
of the PA i. e. January 25, 2011)
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Post-Buy Back*Rs. 4,92,30,000/- (49,23,000 Equity Shares of Rs. 10/- each
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* The Company is in process of extinguishing 4,907 Equity Shares bought back.Read More

Solid Containers Ltd: Disclosures under Reg. 7(1) of SEBI (SAST) Regulations, 1997

Nandkishore Goenka has submitted the disclosure under Regulation 7(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSERead More