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HEG
NSE Announcements on HEG
Posted by :
MMB MessengerTracked by: 0 Boarder
ICICI Securities Limited has submitted to the Exchange a copy of Corrigendum to Public Announcement dated October 08, 2008 ("Corrigendum") for the Buy Back of equity shares of HEG Limited, issued in the newspaper on October 09, 2008. A copy of the corrigendum same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on HEG
Posted by : MMB MessengerTracked by: 0 Boarder
ICICI Securities Ltd (Manager to the Buy Back) on behalf of HEG Ltd ("Company") has issued this Corrigendum to Public Announcement to the Equity Shareholders / Beneficial Owners of the equity shares of the Company, which is in Continuation of and should be read in conjunction with the Original Public Announcement dated September 25, 2008, pursuant to the Securities and Exchange Board of India letter dated October 08, 2008. The capitalized terms and abbreviations used in this Corrigendum have the same meaning as ascribed to them in the PA, unless otherwise specified.
The Equity Shareholders / Beneficial Owners of Equity Shares of the Company are requested to take note of the following modifications / changes made to the PA.
Clause 7.4 of the PA has been modified as:
"The maximum price at which the Buyback will be carried out is Rs 350 per Equity Share. The maximum price has been arrived at after considering certain parameters such as the book value, earnings trend in the recent past, the future outlook for the industry / Company, and other relevant factors. The Maximum Buyback Price of Rs 350 is at a premium of 32.25% and 32.85% over the closing prices on the BSE and NSE respectively, prevailing on the date of the Board Meeting held on August 19, 2008 approving the Buyback. The Maximum Buyback Price of Rs 350 is at a premium of 28.89% and 29.08% over the closing prices on the BSE and NSE respectively prevailing on August 20, 2008 i.e. the next date after the Board Meeting."
Clause 7.5 of the PA stands withdrawn in which place the following clause should appear:
"The actual number of Equity Shares to be bought back would depend upon the average price paid for the Equity Shares bought back and the amount deployed in the Buyback. The maximum amount to be invested for the Buyback is Rs 485 million. Considering the maximum approved purchase price of per Equity Share Rs 350, the number of shares which can be bought back is 1,385,714. The Company proposes to buy a minimum of 350,000 Equity Shares."
Clause 7.16 of the PA stands withdrawn.
PROPOSED TIME TABLE
Board Meeting approving the Buyback - August 19, 2008
Date of Public Notice in Compliance with Regulation 5A of the Buyback Regulations - August 21, 2008
Date of Opening of Buyback - October 13, 2008
Acceptance of Shares - Within the relevant pay-out dates of the Stock Exchanges
Extinguishment of Shares - Within 15 days of acceptance as above
Last Date of the Buyback - August 18, 2009 (i.e. 12 months from the date of the resolution passed by the Board of Directors of the Company at its meeting held on August 19, 2008) or when the Company completes the Buyback to the extent of Rs. 485 million, whichever is earlier
All payment obligations related to the Buyback shall be completed by the last date for the Buyback....
NSE Announcements on HEG
Posted by : MMB MessengerTracked by: 0 Boarder
ICICI Securities Limited had informed the Exchange regarding the Daily Report of Buyback of HEG Limited equity shares through their letter dated October 07, 2008. ICICI Securities Limited has now informed the Exchange to ignore the same. The buy-back is yet to commence and the date of commencement of the same will be informed through a separate corrigendum....
NSE Announcements on HEG
Posted by : MMB MessengerTracked by: 0 Boarder
ICICI Securities Limited has informed the Exchange regarding the Daily Report of Buyback of HEG Limited equity shares, the details of which are as follows: (a) Name of the Broker: ICICI Securities Ltd; (b) Date of buyback: October 07, 2008; (c) No. of equity shares bought back on BSE: Nil; (d) No. of equity shares bought back on NSE: Nil; (e) Total no. of equity shares bought back: Nil; (f) Average Price of Acquisition (Rs.): Nil; (g) Cumulative Equity Shares bought as on October 06, 2008: Nil; (h) Quantity Closed Out on October 07, 2008 - Nil; (i) Quantity Closed out as on October 06, 2008 - Nil; (j) Total Quantity Closed Out - Nil; (k) Total Equity Shares bought back as on October 07, 2008: Nil....
NSE Announcements on HEG
Posted by : MMB MessengerTracked by: 0 Boarder
Heg Ltd has informed the Exchange regarding the proceeding of Annual General Meeting held on September 27, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on HEG
Posted by : MMB MessengerTracked by: 0 Boarder
HEG Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 27, 2008, inter alia, have accorded the following:
1. Balance Sheet of the Company as on March 31, 2008, together with Profit & Loss Account for the year ended on that date and reports of the Directors and Auditors thereon and was adopted.
2. Declaration of Final Dividend @ 30% on the equity shares of the Company for the year ended March 31, 2008.
3. Re-appointment of Shri. Shekhar Agarwal, Dr. Kamal Gupta and Shri. P Murari, as Directors of the Company, liable to retire by rotation.
4. Appointment of M/s. S S Kothati Mehta & Co, Chartered Accountants and M/s. Doogar & Associates, Chartered Accountants as Joint Auditors of the Company to hold the office from the conclusion of this Annual General Meeting till conclusion of the next Annual General Meeting.
5. Pursuant to the provision of section 293(1)(d) of the Companies Act, 1956 consent was accorded to the Board of Directors of the Company to borrow upto a sum not exceeding Rs 1000/- crore (Rupees One Thousand Crore)....
Buy back offer
Posted by :
sxd213Tracked by: 1 Boarder
How do I participate in the buy back offer?
What is the short term view on the stock?...
BSE Announcements on HEG
Posted by : MMB MessengerTracked by: 0 Boarder
HEG Ltd has informed BSE that the Company ("HEG Ltd") has issued this Public Announcement ("PA") to the Equity Shareholders / Beneficial Owners of the equity shares of the Company pursuant to the provisions of Regulation 8(1) read with regulation 15(c) of the SEBI (Buy-back of Securities) Regulations, 1998 for the time being in force including any statutory modifications and amendments from time to time and contains the disclosures as specified in Schedule II to these Regulations.
The Buy-back Offer:
Pursuant to the Board Meeting of the Company held on August 19, 2008 (the "Board Meeting") approving the proposal for buyback of its own fully paid up equity shares of Rs 10/- each ("Buyback"), the Company hereby announces the buyback of its own fully paid-up equity shares of the face value of Rs 10/- each ("Shares") from the existing owners of Shares of the Company from the open market through stock exchanges using the nationwide electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and / or the National Stock Exchange of India Ltd ("NSE") ("Stock Exchanges") in accordance with the Provisions of Sections 77A, 77AA and 77B and all other applicable provisions, if any, of the Companies Act, 1956 (the Act) and the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 (the Buy-back Regulations) and the relevant provisions of the Memorandum of Association and Articles of Association of the Company subject to approval/s as may be necessary, from time to time from statutory authorities including but not limited to Securities and Exchange Board of India. Stock Exchanges, Reserve Bank of India etc, as required at a maximum price not exceeding Rs 350 per equity share ("Maximum Buyback Price") payable in cash, for an aggregate amount not exceeding Rs 485 Million ("Buyback Size"). The Buyback size represents 9.98% of the aggregate of the Companys paid-up equity share capital and free reserves as at March 31, 2008 (the date of the latest standalone audited accounts) which is within the maximum permissible limit of 10% of the paid-up equity capital and eligible free reserve. The aggregate paid up capital and free reserve of the Company as at March 31, 2008 is Rs 4858.8 million.
The actual number of equity Shares to be bought back would depend upon the average price paid for the equity Shares bought back and the amount deployed in the Buyback in accordance with the resolution passed by the Board of Directors of the Company on August 19, 2008.
As per the section 77A of the Act, the buyback of equity shares in any financial year shall not exceed twenty-five percent of the total paid-up equity capital of the Company in that financial year. Accordingly, the present offer shall be within the prescribed limits and restricted to the number of shares as mentioned in clauses 1.1 and 1.2 above.
The maximum Buyback price of Rs 350/- is at a premium of 32.25% and 32.85% over the closing prices on the BSE and NSE respectively prevailing on the date of the Board Meeting held on August 19, 2008 approving the Buyback.
The maximum Buyback price of Rs 350/- is at a premium of 28.89% and 29.08% over the closing prices on the BSE and NSE respectively prevailing on August 20, 2008 i.e. the next date after the Board Meeting.
Propose Time Table:
Board Meeting approving Buyback - August 19, 2008
Date of Public Notice in Compliance with Regulation 5A of the Buyback regulations - August 21, 2008.
Date of opening of the Buyback - October 07, 2008
Acceptance of Shares - Within the relevant payout dates of the Stock Exchanges
Extinguishment of Shares - Within 15 days of acceptance as above
Last Date of the Buy-back - August 18, 2009 (i.e. 12 months from the date of resolution passed by the Board of Directors of the Company at its meeting held on August 19, 2008) or when the company completes the Buyback to the extent of Rs 485 million, whichever is earlier.
All payment obligations related to the Buyback shall be completed by the last date for the Buyback....
NSE Announcements on HEG
Posted by : MMB MessengerTracked by: 0 Boarder
Heg Ltd has informed the Exchange regarding a Public Announcement dated September 24, 2008 for buyback program of the Company, issued in the newspapers on September 25, 2008. A copy of the Public Announcement - Buyback of Shares shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
10 % returns in 4 days
Posted by :
sanat007Tracked by: 0 Boarder
i was talking for the returns of the whole month, just 4 days back.
and just check it out it gave 10 % upside in just 4 days.
...
buy in loads
Posted by : sanat007Tracked by: 0 Boarder
buy at current market price between 200 to 205. ...
1000 % guarantee
Posted by : sanat007Tracked by: 0 Boarder
buy today at current levels for good returns.......1000% guarantee.
see u next month to check out the returnsss. s kumar....
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