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07 Oct 2008 08:50
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Glenmark Pharmaceuticals Ltd has informed BSE that the Shareholders of the Company, by way of postal ballot, have approved the following resolutions at the deemed Extraordinary General Meeting (EGM) held on October 06, 2008, as under:
1. Consent pursuant to the provisions of section 372A to make loans, give guarantees or provide security and make investments upto a limit not exceeding Rs 4000 Crores.
2. Consent pursuant to section 293(1) (d) to borrow upto Rs 4000 Crores.
3. Consent pursuant to section 293 (1) (a) of the Companies Act, to create a mortgage and / or charge over all the movable and immovable properties of the Company....
1. Consent pursuant to the provisions of section 372A to make loans, give guarantees or provide security and make investments upto a limit not exceeding Rs 4000 Crores.
2. Consent pursuant to section 293(1) (d) to borrow upto Rs 4000 Crores.
3. Consent pursuant to section 293 (1) (a) of the Companies Act, to create a mortgage and / or charge over all the movable and immovable properties of the Company....
07 Oct 2008 08:41
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Emami Limited has informed the Exchange that in terms of Regulation 26 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, the Acquirer along with PACs have revised the Offer Price in respect of the Public Offer made by Emami Limited for acquisition of Equity Shares of The Zandu Pharmaceutical Works Limited from Rs. 15,000/- per equity share to Rs. 16,500/- per equity share. Further, Emami Limited has submitted to the Exchange a copy of Corrigendum published on October 03, 2008, with reference to Open Offer to acquire up to 1,61,280 equity shares representing up to 20% of the voting rights of The Zandu Pharmaceutical Works Limited (ZPWL) (Target Company) by Emami Limited (the Acquirer) and Bhanu Vyapaar Private Limited (BVPL), Suraj Viniyog Private Limited (SVPL), Diwakar Viniyog Private Limited (DVPL) and Suntrack Commerce Private Limited (SCPL) collectively referred to as the Person Acting in Concert/ PACs at a Offer Price of Rs. 16,500/- (Rupees Sixteen Thousand Five Hundred only) per equity share (Being the Offer Price revised from Rs. 15,000/- per equity Share to Rs. 16,500/- per equity share). A copy 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). ...
07 Oct 2008 08:41
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Enam Securities Pvt. Ltd. has submitted to the Exchange a press release issued in the newspapers on October 02, 2008 as required under the SEBI (Buy Back of Securities) Regulations, 1998 and amendments thereto. A copy 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)....
07 Oct 2008 08:40
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Gmr Infrastructure Limited has informed the Exchange that Rajiv Gandhi International Airport, has logged a 80% growth in the handing of International cargo during the month of September 2008. In this connection, GMR Hyderabad International Airport Limited, a Subsidiary of the Company is proposing to issue a press release dated October 06, 2008, titled "Rajiv Gandhi International Airport logs in 80 percent growth in International cargo handling in September 2008" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
07 Oct 2008 08:40
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Karvy Investor Services Limited has informed the Exchange regarding the details of shares bought back by Surana Telecom and Power Limited on October 06, 2008, which are as follows: (a) Name of the Broker: Karvy Stock Broking Limited; (b) Date of buyback: October 06, 2008; (c) No. of equity shares bought back on BSE: 26,000; (d) No. of equity shares bought back on NSE: 31,019; (e) Total no. of equity shares bought back: 57,019; (f) Average Price of Acquisition (Rs.): (BSE - 27.99, NSE - 27.90) ; (g) Cumulative Equity Shares bought as on October 03, 2008: 1,72,483; (h) Quantity Closed Out on October 06, 2008 - Nil; (i) Quantity Closed out as on October 03, 2008 - Nil; (j) Total Quantity Closed Out - Nil; (k) Total Equity Shares bought back as on October 06, 2008: 2,29,502....
07 Oct 2008 08:38
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Karvy Investor Services Ltd ("Manager to the Offer") on behalf of Bhuruka Gases Holdings Pvt. Ltd. ("Acquirer") has issued this Post Offer Public Announcement to the Shareholders of Bhuruka Gases Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Original Public Announcement ("PA") dated September 12, 2008 and Bid Letter dated September 15, 2008 ("Bid Letter"), pursuant to and in compliance with the Securities and Exchange Board of India (Delisting of Securities) Guidelines 2003 (the "Guidelines") and such other provision as may be applicable, under clause 10 of the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003 ("Guidelines"), in respect of the proposed acquisition and delisting of equity shares (the shares) of Target Company from Bombay Stock Exchange Ltd & Bangalore Stock Exchange Ltd.
1. Discovered Price
The "Discovered Price" established by the reverse book-building process is in accordance with the Guidelines (being the price at which the largest number of share were tendered) is Rs 41/- (Rupees Forty One Only) per share.
2. Acceptance of Discovered Price & Delisting
The Acquirer is pleased to announce that they have accepted the Discovered Price of Rs 41/- per share. The said price would be considered as an Exit Price. The acquirer will acquire all the shares tendered to the Acquirer at or below the Exit Price under the Reverse Book Building process.
Further, the payment is being made to all the shareholders who have tendered their shares in demat form and accepted by the Acquirer under the reverse book building process.
Shareholders of the Company holding shares in physical form, may, if they so desire, offer their share at the exit price to the Acquirer during the period starting from October 01, 2008 to October 15, 2008.
Once the acquisition is completed, and application will be made to the Bombay Stock Exchange and Bangalore Stock Exchange to delist the Shares of the Company from both the stock exchanges.
3. Balance Shares of Delisting
Balance shareholder of the Company may sell their holdings at the exit price to the Acquirer in accordance with the guidelines for price of six months from the date of delisting.
4. Bid Above Exit Price / Invalid Bid
Any shares invalid / unsuccessfully tendered by shareholders to the Acquirer pursuant to this reverse book-building process will shortly be returned / released to such shareholders....
1. Discovered Price
The "Discovered Price" established by the reverse book-building process is in accordance with the Guidelines (being the price at which the largest number of share were tendered) is Rs 41/- (Rupees Forty One Only) per share.
2. Acceptance of Discovered Price & Delisting
The Acquirer is pleased to announce that they have accepted the Discovered Price of Rs 41/- per share. The said price would be considered as an Exit Price. The acquirer will acquire all the shares tendered to the Acquirer at or below the Exit Price under the Reverse Book Building process.
Further, the payment is being made to all the shareholders who have tendered their shares in demat form and accepted by the Acquirer under the reverse book building process.
Shareholders of the Company holding shares in physical form, may, if they so desire, offer their share at the exit price to the Acquirer during the period starting from October 01, 2008 to October 15, 2008.
Once the acquisition is completed, and application will be made to the Bombay Stock Exchange and Bangalore Stock Exchange to delist the Shares of the Company from both the stock exchanges.
3. Balance Shares of Delisting
Balance shareholder of the Company may sell their holdings at the exit price to the Acquirer in accordance with the guidelines for price of six months from the date of delisting.
4. Bid Above Exit Price / Invalid Bid
Any shares invalid / unsuccessfully tendered by shareholders to the Acquirer pursuant to this reverse book-building process will shortly be returned / released to such shareholders....
07 Oct 2008 08:38
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Karvy Investor Services Ltd ("Manager to the Offer") on behalf of Bhuruka Gases Holdings Pvt. Ltd. (erstwhile Prabhu Securities Ltd) ("Acquirer") has issued this Public Announcement ("PA") to the shareholders of Bhuruka Gases Ltd ("Target Company"), in accordance with Clause 7 of the Securities & Exchange Board of India (Delisting of Securities) Guidelines 2003 (the "Guidelines") and such other provisions as may be applicable, in respect of the proposed acquisition and delisting of the equity shares (the Shares) of Target Company.
The Acquirer along with Person Acting in Concert with it is presently holding 74.96% of shareholding of the Company and are intending to voluntarily delist the share of the Company by providing exit opportunity to the remaining shareholders (i.e. Shareholders holding 25.04% of shares) for which an exit price shall be determined in accordance with the "Reverse Book Building Process" (RBB) enumerated in clause 8.1 of the Guidelines.
The Acquirer is making a voluntary offer (Offer) to acquire 3523942 (thirty five lacs twenty three thousand nine hundred forty two) fully paid up equity shares of Rs 2.50/- (Rupees Two and paise Fifty) representing 25.04% of the equity share capital of the Company at a price of Rs 25/- (Rupees Twenty Five only per share) which is determined under the reverse book building process subject to terms and conditions mentioned in the PA.
The equity shares of the Company are presently listed on Bombay Stock Exchange (BSE) and Bangalore Stock Exchange (Bgse), and the Company intends to delist its shares from both the Stock Exchanges.
The Extraordinary General Meeting of the Company was held on September 05, 2008. In the said meeting shareholders of the Company have resolved to delist the equity shares of the Company from BSE & BgSE.
The floor price of Rs 25/- (Rupees Twenty Five only) has been determined by taking the average of 26 weeks traded price quoted on the Stock Exchange where the shares of the Company are most frequently traded.
Shareholders may tender their shares at any time during the bid period and at any price at or above the floor price of Rs 25/- (Rupees Twenty Five only) in accordance with the terms set out in the PA
The Acquirers reserves the right not to acquire the offered shares at any higher price established pursuant to the reverse book build set forth in the Guidelines.
- Proposed Timetable for the Offer.
The proposed timetable for the Delisting Offer is as follows:
Public Announcement - September 12, 2008
Bid opening Date (10.00 AM) - September 23, 2008.
Bid Closing Date (3.00 PM) - September 26, 2008
Public Announcement of Exit Price and the Acquirers Acceptance/Non Acceptance of Exit Price - September 30, 2008
Final Settlement Date (Offer Shares in Dematerialised Form) - October 01, 2008
Opening day for shareholders holding offer shares in physical form to tender their shares(*) - October 01, 2008
Last day for physical Shareholders to tender their shares - October 15, 2008
Final Settlement date (Shares in physical form) - November 03, 2008
* All dates are subject to change and are dependent on obtaining the requisite statutory and regulatory approvals. Changes to the proposed timetable, if any, will be notified to shareholders by way of a corrigendum to the public announcement....
The Acquirer along with Person Acting in Concert with it is presently holding 74.96% of shareholding of the Company and are intending to voluntarily delist the share of the Company by providing exit opportunity to the remaining shareholders (i.e. Shareholders holding 25.04% of shares) for which an exit price shall be determined in accordance with the "Reverse Book Building Process" (RBB) enumerated in clause 8.1 of the Guidelines.
The Acquirer is making a voluntary offer (Offer) to acquire 3523942 (thirty five lacs twenty three thousand nine hundred forty two) fully paid up equity shares of Rs 2.50/- (Rupees Two and paise Fifty) representing 25.04% of the equity share capital of the Company at a price of Rs 25/- (Rupees Twenty Five only per share) which is determined under the reverse book building process subject to terms and conditions mentioned in the PA.
The equity shares of the Company are presently listed on Bombay Stock Exchange (BSE) and Bangalore Stock Exchange (Bgse), and the Company intends to delist its shares from both the Stock Exchanges.
The Extraordinary General Meeting of the Company was held on September 05, 2008. In the said meeting shareholders of the Company have resolved to delist the equity shares of the Company from BSE & BgSE.
The floor price of Rs 25/- (Rupees Twenty Five only) has been determined by taking the average of 26 weeks traded price quoted on the Stock Exchange where the shares of the Company are most frequently traded.
Shareholders may tender their shares at any time during the bid period and at any price at or above the floor price of Rs 25/- (Rupees Twenty Five only) in accordance with the terms set out in the PA
The Acquirers reserves the right not to acquire the offered shares at any higher price established pursuant to the reverse book build set forth in the Guidelines.
- Proposed Timetable for the Offer.
The proposed timetable for the Delisting Offer is as follows:
Public Announcement - September 12, 2008
Bid opening Date (10.00 AM) - September 23, 2008.
Bid Closing Date (3.00 PM) - September 26, 2008
Public Announcement of Exit Price and the Acquirers Acceptance/Non Acceptance of Exit Price - September 30, 2008
Final Settlement Date (Offer Shares in Dematerialised Form) - October 01, 2008
Opening day for shareholders holding offer shares in physical form to tender their shares(*) - October 01, 2008
Last day for physical Shareholders to tender their shares - October 15, 2008
Final Settlement date (Shares in physical form) - November 03, 2008
* All dates are subject to change and are dependent on obtaining the requisite statutory and regulatory approvals. Changes to the proposed timetable, if any, will be notified to shareholders by way of a corrigendum to the public announcement....
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