OPEN OFFERS
Cadila Healthcare Ltd: The company has informed that pursuant to the public announcement for open offer made by the company to the shareholders of German Remedies Ltd, the company has acquired 8903 (0.1080%) equity shares of GRL on May 29, 2002. The maximum price paid for shares acquired through open market purchases was Rs 294.50 per share.
Carrier Aircon Ltd: DSP Merrill Lynch Ltd. 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 14,622 (0.062%) equity shares of the company on 29.05.02. The maximum price paid for shares acquired through open market purchases was Rs.98.50 per share.
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AstraZeneca Pharma India Ltd: 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 May 29, 2002, 27,000 (0.54 per cent) equity of the company through open market purchase. The maximum price paid for shares acquired through open market purchase was Rs 370 per share.
Wartsila India Ltd: DSP Merrill Lynch Ltd 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 May 29, 2002, 4,940 (0.041 per cent) equity of the company through open market purchase. The maximum price paid for shares acquired through open market purchase was Rs.118.99 per share.
TAKEOVER REGULATION
Sangeo Services Ltd: In terms of Regulation 6 of Sebi, substantial acquisition of shares and take over regulation, 1997, the company has informed that Arvind B is holding 7,29,000 (13.55 per cent) shares and B Rama Devi is holding 8,15,010 (15.15 per cent) as on March 31, 2002.
DIVIDEND
Orchid Chemicals & Pharmaceuticals Ltd: The board at its meeting held on May 29, 2002 has declared a dividend of 40 per cent on the total equity capital of 2,79,99,192 shares of Rs 10 each.
FACE VALUE OF SHARES
Alpic Finance Ltd: The company has informed that the board of directors of the company at its meeting held on May 29, 2002, has decided to change the face value of the equity shares of the company from Rs 10 paid up to Re 1 paid up per share. This decision is subject to the necessary approvals.
RECLASSIFICATION OF SHARE CAPITAL
Geodesic Information Systems Ltd: The board of directors of the company at its meeting held on May 30, 2002, has decided to reclassify/reorganise its authorised share capital by constituting 20,00,000 preference shares of Rs 10 aggregating to Rs 2 crore, subject to approval of shareholders in the ensuing AGM. The Board also took on record the request from promoters for issuance of 16.5 lakh such shares to them at par with a dividend of 5 period for a period of 5 years and to allow a put option after 3 years, which was acceded and it was decided to take up the matter in the shareholder