Corporate Announcements On The Bse

BUYBACK PLANS

Godrej Consumer Products: The company has announced buyback of its fully paid-up equity shares of face value of Rs 4 each from the open market through the electronic trading mechanism of the exchange. The maximum buyback price would not exceed Rs 175 per equity share payable in cash for an aggregate amount not exceeding Rs 4.6 crore.

The Sirpur Paper Mills: The company has announced buyback of its fully paid-up equity shares of face value of Rs 10 each from the open market through the electronic trading mechanism of the exchange. The maximum buyback price would not exceed Rs 40 per equity share payable in cash for an aggregate amount not exceeding Rs 7 crore.

NOTICES UNDER TAKEOVER CODE

Satyam Computer Services: In terms of regulation 7(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that M/s Madison Holding, an affiliate of Warburg Pincus & Co, has acquired 16768579 (5.33 per cent) shares from 25.06.2002 to 06/08/2002 by way of market purchase.

Castrol India: In terms of regulation 8(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that M/s Castrol Ltd, UK is holding 87687455 (70.92 per cent) shares and M/s BP Mauritius Ltd is holding 135474 (0.11 per cent) shares as on 01/08/2002.

INSIDER TRADING NOTICES

ADF Foods: In terms of Sebi, (insider trading) regulations 2002, the company has informed that M/s American Foods (I) Ltd has acquired 22767 (0.23 per cent) shares on 05/08/2002. After this acquisition their shareholding is 576000 (5.76 per cent) in the company.

PACTS AND MERGERS

Apollo Tyres: The company has reached an in-principle agreement with Modi Rubber (MRL) whereby Apollo Tyres (ATL) will contract production of tyres to Modi Rubber at the latter