Corporate Announcements On The Bse

OPEN OFFERS

AstraZeneca Pharma India: DSP Merrill Lynch has informed that, pursuant to the public announcement for open offer made by Astra Pharmaceuticals AB to the shareholders of the company, Astra Pharmaceuticals AB has acquired on June 10, 2002, 2,965 (0.06 per cent) equity of the company via open market purchase. The maximum price paid for shares acquired through open market purchase was Rs 375 per share.

Cadila Healthcare: The company has informed that pursuant to the public announcement for open offer made by the company to the shareholders of German Remedies, the company has acquired 2268 (0.0275 per cent) equity shares of GRL on June 6, 2002. The maximum price paid for shares acquired through open market purchases was Rs 295.05 per share.

 

Carrier Aircon: DSP Merrill Lynch has informed on behalf of Carrier Mauritius that pursuant to the public announcement for open offer made by Carrier Mauritius to the shareholders of the company, Carrier Mauritius has acquired 8490 (0.036 per cent) equity shares of the company on June 10, 2002. The maximum price paid for shares acquired through open market purchases was Rs 99 per share.

Wartsila India: DSP Merrill Lynch has informed on behalf of Wartsila Corporation that pursuant to the public announcement for open offer made by them to the shareholders of the company, Wartsila Corporation has acquired on June 10, 2002, 641 (0.005 per cent) equity of the company through open market purchase. The maximum price paid for shares acquired through open market purchase was Rs 119 per share.

TAKEOVER REGULATION NOTICE

Hindustan Organic Chemicals: In terms of Regulation 8 of Sebi, substantial acquisition of shares and take over regulation, 1997, the company has informed that the President of India holds 39481500 (58.61 per cent) shares as on March 31, 2002.

INSIDER TRADING NOTICES

GIC Housing Finance Ltd: In terms of Regulation of Sebi, prohibition of insider trading, the company has been informed by Housing Development Finance Corporation that, they hold 1260000 (7.01 per cent) equity shares of the company.

HCL Infosystems Ltd: In terms of Regulation of Sebi, prohibition of insider trading, the company has been informed by Slocum Investment Pvt Ltd (SIPL), a major shareholder of the company holding 47.74 per cent shares, that the Court of Madras has sanctioned a scheme of amalgamation of Hoatzin Electronics and Properties Pvt. Ltd. and J S Electronics Pvt Ltd. with SIPL. Accordingly, the shareholding of SIPL in the company is now 16018221 (50.20 per cent) equity shares of the company.

Control Print (India) Ltd: In terms of regulation of Sebi, prohibition of insider trading, the company has been informed that the promoters of the company have acquired 105796 (1.53 per cent) equity shares of the company through open market during the period April 1 2002, to May 31, 2002. Their shareholding after acquisition is 3534310 (51.06 per cent) shares as on May 31, 2002.

J M Shares & Stock Brokers: In terms of Regulation of Sebi, prohibition of insider trading, the company has informed that the following directors are holding shares of the company as under :1. Nimesh N Kampani - 1574300 (13.90 per cent) shares, Arunkumar R Gandhi - 13600 (0.12%) shares 3. Ashith N Kampani - 27600 (0.24 per cent) shares.

AMALGAMATIONS

Macmillan India: The board of directors of the company approved the amalgamation of Scientific Data Bank Services Pvt Ltd, Scientific Books Madras Pvt Ltd, Scientific Books Bombay Pvt. Ltd, Scientific Books Calcutta Pvt. Ltd and Scientific Book Delhi Pvt. Ltd with the company The board deferred the consideration of amalgamation of Brigade Marketing Co. Ltd. with the company.

Vikrant Tyres Ltd: In terms of Regulation of Sebi, prohibition of insider trading, the company has informed about shareholding of following holders as on 20/02/2002:. J K Industries Ltd - 13409048 (52.31per cent) shares, Karnataka Inds. Inv. & Dev. Corpn. Ltd. - 6664967 (26 per cent) shares and Unit Trust of India - 1743171 (6.80 per cent) shares.

Gujarat Heavy Chemicals Ltd: Pursuant to the scheme of amalgamation approved by the BIFR, three equity shares of the company will be allotted for every ten equity shares of The Sree Meenakshi Mills Ltd.

Ideaspace Solutions Ltd: The board meeting of the company is proposed to be held on June 11, 2002, for considering the scheme of amalgamation of Ideaspace Financial Technologies Private Ltd with the company.

HCL Office Automation Ltd: The company has been informed by Slocum Investment Pvt Ltd (SIPL) that the Court of Madras has sanctioned a scheme of amalgamation of J S Electronics Pvt Ltd (JSEP) with SIPL. Accordingly, 301902 shares were held by JSEP now is with SIPL. The shareholding of SIPL in the company is now 301902 (2.06%) equity shares of the company.

Woolite Mercantile Co Ltd: The board of directors of the company has approved amalgamation of company and Avon Credit (P) Ltd. with Gallon Holdings (P) Ltd, subject to necessary approvals.

Maha Rashtra Apex Corporation Ltd: The company has informed that the High Court of Karnataka at Bangalore has directed company to hold a general meeting as under on June 14, 2002, for getting their approval for scheme of arrangement/restructure of the company with its shareholders :1. Equity shareholders - at 10.00 a.m, 2. Preference shareholders - at 11.00 a.m. or soon thereafter on conclusion of the meeting of equity shareholder, 3. Secured Creditors - at 2.00 p.m, 4. Unsecured Creditors - at 4.00 p.m. or soon thereafter on conclusion of the meeting of Secured Creditors.

DELISTING OF SHARES

Remsons Industries: The procedure for delisting of equity shares of the company from Ahmedabad Stock Exchange and Jaipur Stock Exchange has been completed. No offers for sale had been received from the company shareholders residing in Rajasthan. !2 shareholders residing in Gujarat offering in total 2300 equity shares for sale had been received and the same have been accepted by managing director of the company.

EGM, AGM, BOARD MEETS

Paintex Chemicals (Bombay) Ltd: EGM on June 22 to consider corporate guarantee to State Bank of India (SBI). The bank while sanctioning the rehabilitation package in the matter of Pentokey Organy (India) Ltd stipulated that corporate guarantee has be arranged by the company.

United Breweries Ltd: The company has informed that, at the AGM of the company held on 22.09.01, shareholders of the company have approved special resolution for permitting investment by FIIs in the equity capital of the company to 49 per cent.

Moonstar Investments Ltd: A meeting of the board of directors of the company will be held on June 11, 2002, to consider allotment of shares to shareholders pursuant to the reduction of capital by the company.

APPOINTMENTS & RESIGNATIONS

Tube Investments of India Ltd: K Ganesan has ceased to be Director with effect from May 21, 2002. The company has further informed the BSE that S Gurumurthy has been appointed additional director of the company with effect from May 24, 2002

Kalpana Industries Ltd: Nirmalendu Guha has been appointed as a director on the board of the company with effect from May 11, 2002.

DSQ Biotech Ltd: K Gopalakrishnan and M G Anant Kumar have resigned as managing director and whole time director respectively.

OTHER ANNOUNCEMENTS

Simplex Concrete Piles (India) Ltd: The company has informed that Bithal Das Mundhra, managing director and one of the promoters of the company, along with persons acting in concert has acquired 972885 (13.11 per cent) equity shares of the company on 05/06/2002 through interse transfer. After this acquisition, the shareholding of Bithal Das Mundhra along with persons acting in concert will be 2686916 (36.22 per cent) shares of the company.

Godrej Industries: The company has informed that the Bombay High Court has approved the scheme of arrangement for purchase and cancellation of its equity shares representing not more than 40 per cent of its paid up capital.

The company will purchase the shares at a consideration of Rs 18 per share in terms of the Scheme of arrangement.

Gujarat Ambuja Exports Ltd: The company has informed that, Vijay Kumar Gupta have acquired 5940 (0.02 per cent) equity shares of the company by way of market purchase between May 31, 2002 to June 5, 2002 Post-acquisition, his shareholding will be 7261104 (24.21 per cent) shares.

Indian Seamless Metal Tubes Ltd: The committee of the board of directors of the company have decided to allot 11 lakh equity shares of Rs 10 each at a premium of Rs 1.60 per share fully paid-up to ISMT Employees Welfare Fund.