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Fare reduction to help contain inflation: Lalu Prasad Yadav 2007-02-27 03:54:29 After presenting the Railway Budget, Lalu Prasad
Yadav claims that the Indian Railways had the vision, thinking and consideration not only for the common man but also for all sections of the society. He further welcomes suggestions for improvement. Read more:reduction
HOV Services acquires US based BPO Lason for $ 148 Mn 2007-02-27 03:46:27 HOV Services
, a Pune-based BPO, has acquired the US-based Lason for $ 148 million, reports say. The acquisition was done through HOV's US subsidiary HOV Services LLC and was funded by HOV Capital, Merrill Lynch and Apollo Management. While the three have invested $ 63 million, the rest was raised as debt, said Sunil Rajadhyaksha, executive director, HOV Services.
Pritish Nandy - Proposed preferential issue of share warrants 2007-02-28 20:51:39 Pritish Nandy Communications Ltd has informed that the pricing of proposed equity shares warrants
to be allotted to Artinvest India Pvt Ltd and Ideas.com India Pvt Ltd, entities belonging to the promoter group under Chapter XIII of SEBI (DIP) Guidelines, 2000 is based on the price to be determined under the companys Qualified Institutions Placement (QIP), which is yet to open. Thus, the allotment of the aforesaid share warrants cannot be done till the QIP price is discovered.Further the Company has informed that, Considering the above, the Companys proposed issue
of preferential share warrants to the aforesaid allottees stands deferred.
Telephoto Entertainments - Open Offer 2007-02-28 20:50:57 JM Morgan Stanley Pvt Ltd (Manager to the Offer
) on behalf of PVP Enterprises Pvt Ltd (Acquirer) & PVP Ventures Pvt Ltd, Platex Ltd and Prasad V Potluri being person acting in concert with Acquirer (PACs), has issued this Public Announcement (PA) to the shareholders of Telephoto
Entertainments Ltd (Target Company), pursuant to Regulations 10 and 12 of, and in compliance with, the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto the SEBI (SAST) Regulations.The Offer:The Acquirer is making an offer along with PAC to the public Shareholders of Target Company to acquire upto 15,27,323 equity shares being 20% of the Emerging Voting Capital of the Target Company (Offer Share(s)). This Offer is being made pursuant to Regulations 10 and 12 of the SEBI (SAST) Regulations, consequent upon the acquisition of the Purchase Shares by the Acquirer, which could also be regarded as an indirect acquisition of
OM Metals - Outcome of Board Meeting 2007-02-28 20:50:13 OM Metals
Infraprojects Ltd has informed that the Board
of Directors of the Company at its meeting held on February 28, 2007, has allotted 20112659 shares to the members of Transferor Companies pursuant to Scheme of Amalgamation as sanctioned by Rajasthan High Court. Read more:Board Meeting
Rane Holdings - Outcome of EGM 2007-02-28 20:49:02 Rane Holdings
Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 23, 2007, inter alia, have approved the following:1. Approved the: (a) Diminution the un-issued authorised preference share capital from 1,00,00,000 preference shares of Rs 10/- each to 50,00,000 preference shares of Rs 10/- each by cancelling 50,00,000 preference shares of Rs 10/- each.(b) Increase in authorised equity share capital from 1,00,00,000 equity shares of Rs 10/- each to 1,50,00,000 equity shares of Rs 10/- each by creating an additional 50,00,000 equity shares of Rs 10/- each, which are available on cancellation of 50,00,000 preference shares of Rs 10/- each.(c) Amendment to the Memorandum of Association in consequence of the resolutions passed in (a) and (b).2. Approved the preferential issue of 1,650,000 equity shares of Rs 10/- each at a premium of Rs 170/- per share on private placement basis to promoters / promoter group.3. Approved the investmen
Buy Parsvnath Developers Ltd. 2007-03-02 21:23:49 Buy Parsvnath Developers
Ltd. in the range of Rs. 250.00 to 260.00 for one year target of Rs. 400.oo
Parsvnath Developers Ltd on March 02, 2007 has announced that the Company would develop a state-of-the-art Multimedia-cum film city centre at Sarangpur, Chandigarh. The project valued at approximately Rs 800 crore, has been awarded to the company after a highly competitive bidding by some of the prominent developers of the Country.
Parsvnath Film City Ltd, a subsidiary of the Company, formed as a Special Purpose Vehicle for implementing this project, has on March 02, 2007 has signed the agreement with Tourism Department, Chandigarh Administration. Mr Satish Kaushik, a renowned film producer, is the technical advisor for the project. Parsvnath will pay a premium of Rs 191 crores for the land with a lease period of 99 years.
Commenting on the occasion, Mr. Pradeep Jain, Chairman of the Company said, ” This project marks the foray of Parsvnath Developers Ltd. in the Entertainment Inf
Satyam Computer - Conversion of Stock Options 2007-03-02 21:12:01 Satyam Computer
Services Ltd has informed that the Compensation Committee of the Directors of the Company allotted 118,172 equity shares through circular resolution on March 02, 2007 under stock option plans of the Company.Consequent to the above allotment, the paid up share capital the Company has gone up from 658,227,504 equity shares of Rs 2/- each aggregating Rs 1,316,455,008 to 658,345,676 equity shares of Rs 2/- each aggregating Rs 1,316,691,352. Read more:Conversion
, Options
, Satyam
, Satyam Computer
, Stock
, Stock Options
Prudential Pharmaceuticals - Outcome of Board Meeting 2007-03-02 21:10:47 Prudential Pharmaceuticals Ltd has informed that the Board
of Directors of the Company at its meeting held on January 31, 2007 has decided to change the R&T Agent from AMI Computers (I) Ltd, Kolkata to CIL Securities Ltd, Hyderabad. Read more:Board Meeting
, Prudential
Tirupati Foam - Outcome of EGM 2007-03-02 21:10:09 1. Increase in the Authorised Share Capital of the Company from Rs 4,00,00,000/- divided into 40,00,000 equity shares of Rs 10/- each to Rs 4,60,00,000/- divided into 46,00,000 equity shares of Rs 10/- each and consequential amendments in the Memorandum of Association of the Company.2. Alteration in the Articles of Association of the Company by adding Article 3(i) after Article 3:Article 3(i) : Subject to the applicable provisions, the Company shall have the power to issue, offer and allot Equity Warrants on such terms and conditions as may be deemed fit by the Board of Directors.
Amara Raja Batteries - Limited Review for the quarter ended De 2007-03-03 19:46:48 Amara Raja Batteries Ltd has informed that in the limited review report of the Company for the quarter
ended December 31, 2006, the auditors of the Company have made the following observations:Commission to Managerial personnel amounting to Rs 12.15 millions for the Quarter under review has been provided based on the profits for the said Quarter, in anticipation of adequate profits at the end of the financial year for payment of such commission.
Allianz Capital - Outcome of Board Meeting 2007-03-03 19:06:18 Allianz Capital & Management Services Ltd has informed that the Board
of Directors of the Company at its meeting held on March 02, 2007, has considered and approved the issuance of 2825000 Equity Shares at a revised price of Rs 37.76 per Equity Shares of the Company to Mr. Navjeet Singh Sobti, one of the promoters of the Company. Read more:Allianz
, Board Meeting
Buy IVRCL Infrastructures & Projects Ltd 2007-03-04 20:32:12 Buy IVRCL Infrastructures & Projects
Ltd around Rs. 290.00 for one year target of Rs. 400.00
IVRCL Infrastructures & Projects Ltd has announced that the Order Book Position of the Company has improved by Rs 516.09 Crores having bagged various orders as detailed hereunder:
1. Water Supply and Lift Irrigation Projects of the value of Rs 411.01 Crores
(a) Construction, operation & Maintenance of Dehani Lift (Drip) Irrigation Scheme under Bembla River Project awarded by Bembla Project Division, Yavatmal in the state of Maharashtra - Rs 193.83 Crores
(b) JBIC Assisted Kerala Water Supply Project � Contract Package 4 - Service Reservoirs under Thiruvananthapuram, Meenad, Kozhikode and Pattuvam Schemes awarded by Kerala Water Authority, Thiruvananthapuram - Rs 147.67 Crores
(c) Water Supply Projects viz., Arrah, Sasaram and Muzaffarpur Phase I awarded by Public Health & Engineering Department, Government of Bihar - Rs 69.51 Crores
2. Rural Electrification works of the value
Buy Sangam India Ltd 2007-03-04 20:26:50 Buy Sangam India
Ltd around Rs. 81.00 for 3 months target of Rs. 98.00
Sangam India Ltd
has informed that the Allotment Committee of the Board of Directors of the Company on February 15, 2007, has allotted 5,91,160 equity shares of Rs 10/- each at a premium of Rs 36.70 per share to M/s. Pinky Exhibitors Pvt Ltd on conversion of 5,91,160 warrants issued on August 06, 2005, which are convertible at the option of the holder in 1 equity share of the face value of Rs 10/- for each warrant.
Further the Company has informed that, the above shares have been allotted in compliance with the SEBI (DIP) guidelines. As on date after the above allotment of equity shares, the paid-up equity capital of the Company stands at Rs 39,42,15,590/-.
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