Corporate Announcements On The Bse

BONUS SHARES

Karnataka Bank: The board of directors at its meeting on August 22, 2002 resolved to issue fully paid bonus shares out of the amount standing in the share premium account in the ratio of 1 equity share for every 1 share held on a record date to be fixed later. It also decided to offer 1 equity share of Rs 10 each at a price of Rs 25 per share including the premium of Rs 15 per share for every 1 share held on a record date to be fixed later (on pre-bonus entitlement) to the existing shareholder on rights basis.

 

SPECIAL MARGINS

Sangam India: A special margin of 25 per cent has been imposed on Sangam India Ltd with effect from today (August 23, 2002). The special margin will be imposed on the basis of memberwise gross outstanding purchase or sale position (clientwise net).

INSIDER TRADING NOTICES

ADF Foods: In terms of regulation 13(4) of Sebi, (insider trading) regulations 2002, the company has informed that Kishore H. Thakkar is holding 1,87,901 (1.87 per cent) equity shares of the company. He bought 6974 (0.070 per cent) shares on 19.08.2002.

German Remedies: In terms of regulation 13 of Sebi, (prohibition of insider trading) regulations 2002, the company has informed that all directors, functional directors and officers of the company, along with their relatives do not hold any shares in the company.

Siemens Ltd: In terms of regulation 13 of Sebi, (prohibition of insider trading) regulations 1992, the company has informed the shareholding as follows, as on 01.08.2002: F A Mehta, chairman, 3065; D C Shroff, director, 1300; K Wucherer, Director Nil; O Schmitt, Alternate director, Nil; J Schubert, managing director Nil; H Gelis, executive director, 1; Ashok P Jangid, company secretary, 183. Siemens AG Germany the parent company holds 18103087 (54.63 per cent) shares.

NOTICES UNDER TAKEOVER CODE

Cummins India: In terms of regulation 7(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that Emerging Markets Growth Fund, Inc. has acquired 18437 (0.009 per cent) shares through market purchase on 16/08/2002. After this acquisition, their shareholding in the company is 10446937 (5.28 per cent) shares.

Gilt Pack: In terms of regulation 7(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that P S Kalani has acquired 391700 equity shares from existing shareholders. He was holding 86074 shares of the company.

PACTS, MERGERS, ACQUISITIONS

Mukta Arts: Mukta Movies Distributors (a division of Mukta Arts Ltd) has entered into an agreement with Competent Films Pvt Ltd New Delhi for booking and exhibition rights at 3C