Corporate Announcements On The Bse

Share split

Nesco Ltd has informed BSE that the board of the company at its meeting held on August 20, 2002, has passed a resolution for reduction in face value of shares from Rs 100 to Rs 10.

Add Life Pharma Ltd has informed BSE that the board of the company will meet on September 03, 2002 to consider the stock split from Rs 10/- fully paid up each to Re 1/- fully paid up each.

Buyback proposals

Godrej Industries Ltd has informed that the Supreme Court today (August 28, 2002), while admitting the Securities and Exchange Board of India (Sebi) appeal against the Bombay High Court order declined to grant any interim relief as prayed for. The denial of the apex court to grant stay of the Bombay High Court order virtually means that both Godrej Industries Ltd and Sterlite Industries Ltd schemes of buyback under Section 391 will proceed as scheduled and the question of Sebi