Corporate Announcements On The Bse

NOTICES UNDER TAKEOVER CODE

Alacrity Housing: In terms of regulation 8 of Sebi, substantial acquisition of shares and take over regulation, 1997, the company has informed that Alacrity Foundations Pvt Ltd is holding 1629500 (20.37 per cent) shares.

Manali Petrochemicals: In terms of regulation 8 of Sebi, substantial acquisition of shares and take over regulation, 1997, the company has informed that, Spic is holding 43910702 shares as on 31.03.02.

PNB Gilts: In terms of regulation 8(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that Punjab National Bank is holding 100000000 (74.07 per cent) shares as on 31/03/2001.

UTI Bank: In terms of regulation 8(3) of Sebi, (substantial acquisition of shares and takeovers) Regulations 1997 the company has informed that Unit Trust of India is holding 80000070 (41.71 per cent) shares, South Asia Regional Fund is holding 17800000 (9.28 per cent) shares and CDC Financial Services (Mauritius) is holding 28550000 (14.88 per cent) shares as on 31/03/2002.

SHARE DEALS

Gruh Finance: Housing Development Finance Corporation (HDFC) has purchased 18,00,582 equity shares of Rs 10 each of the company, representing 6.79 per cent of its paid-up equity capital. After the said purchase, the holding of HDFC in the company aggregates to 1,62,40,604 (61.29 per cent) equity shares of Rs 10 each of its paid up capital.

Gujarat Ambuja Exports: Vijay Kumar Gupta has sold 5763 equity shares of the company through market purchase between 05.07.02 to 09.07.02 After sale his shareholding will be 7183454 (23.96 per cent) shares.

Hindustan Dorr-Oliver: The company has acquired the entire paid-up equity capital comprising of 5000 equity shares of Rs 10 each in SMN Engineers and consequently it has become a wholly owned subsidiary of the company during the quarter ended 30.06.02.

Ikab Securities & Investment: Vinod S Poddar, jointly with Vivek Poddar, has acquired 50000 (1.45 per cent) shares of the company on 14.06.02 by way of market purchase. Their shareholding after acquisition is 218500 (6.33 per cent) shares.

Kirloskar Brothers: Better Value Holdings has acquired 15000 (0.21 per cent) equity shares of the company from Vikram Kirloskar. With this acquisition, the aggregate shareholding of Better Value Holdings will be 3401437 (48.24 per cent) shares of the company.

Reckitt Benckiser: The Oriental Insurance Company has informed that its has sold 492292 fully paid-up equity shares (1.49 per cent) at Rs 250 per share to Reckitt Benckiser Plc and Lancaster Square Holdings SL (person acting in concert) against their open offer.

PREFERENTIAL ALLOTMENT

Milton Plastics: The consent has been accorded by the shareholders to the board of directors under the provisions of Section 81 (1A) of the Companies Act, 1956 at their AGM held on 28/03/2002 to allot 4500000 equity shares of the company at par to the promoters, directors and their relatives and associates etc according to Sebi guidelines on preferential allotment of shares to select group of persons.

Supreme Woollen Mills: In the extra ordinary general meeting of the company on 10/07/2002, shareholders approved the issue of 20 lakh equity shares of Rs 10 each on preferential basis aggregating to Rs 2 crore.

PRIVATE PLACEMENT

Punjab National Bank: The bank intends to raise Rs 390 crore by issuing bonds on private placement basis for its Tier II capital requirement.

INSIDER TRADING NOTICES

Surana Telecom: In terms of regulation of Sebi, prohibition of insider trading, the company has been informed by Narendra Surana regarding trades done by him during the period 01/07/2002 to 06/07/2002: Purchased - 2260 (0.02 per cent) for consideration of Rs 72511.35 and sold 6510 (0.06 per cent) for consideration of Rs 210331.75.

OTHERS

Adlabs Films: The company has finalised one contract to manage a multiplex cinema in Mumbai. The company is also looking at a few more theatre management proposals and also film production activities.

Ambuja Cement Eastern: The trading window on the company