OPEN OFFERS
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 June 11, 2002, 1,770 (0.015 per cent) equity of the company through open market purchase. The maximum price paid for shares acquired through open market purchase was Rs 119.4 per share.
AstraZenca 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 June 11, 2002, 2250 (0.045 per cent) equity of the company through open market purchase. The maximum price paid for shares acquired through open market purchase was Rs 375 per share.
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Cadila Healthcare Ltd: Pursuant to the public announcement for open offer made by the company to the shareholders of German Remedies Ltd, the company has acquired 4754 (0.0577 per cent) equity shares of GRL on June 10, 2002. The maximum price paid for shares acquired through open market purchases was Rs 295.50 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 5,327 (0.023 per cent) equity shares of the company on June 11, 2002. The maximum price paid for shares acquired through open market purchases was Rs 99 per share.
TAKEOVER REGULATION NOTICE
Shipping Corporation of India Ltd: In terms of Regulation 8(3) of Sebi, substantial acquisition of shares and take over regulation, 1997, the company has informed that, the President of India and his nominees hold 226192230(80.12 per cent) shares as on May 15, 2002.
INSIDER TRADING NOTICES
NIIT Ltd: In terms of Sebi, (prohibition of insider trading) regulation, 1992, the company has informed that, Slocum Investment Pvt Ltd is holding 35,14,791 equity shares as on May 31, 2002.
Tata Tea Ltd: In terms of Regulation 13 of Sebi, (prohibition of insider trading) regulation, 1992, the company has informed that, R K Krishna Kumar holds 9000 shares and A S Bam holds 818 shares.
AMALGAMATIONS
M J Pharmaceuticals Ltd: The Bombay Stock Exchange (BSE) has informed the members of the exchange that M J Pharmaceuticals Ltd has fixed July 24, 2002, as the record date for the purpose of the scheme of amalgamation of the company with Sun Pharmaceuticals Industries Ltd. As per the scheme, one fully paid up equity share of Rs 10 each of Sun Pharmaceuticals Industries Ltd, will be allotted for every 200 ten fully paid up existing equity shares of Rs 10 each held in the company. There will be no dealings in the scrip with effect from July 4, 2002.
Ideaspace Solutions Ltd: The board meeting of the company held today (June 11, 2002) the board approved the scheme of amalgamation of Ideaspace Financial Technologies Private Ltd with the company.
EMPLOYEES STOCK OPTION
HCL Technologies Ltd: The company has informed the BSE that the Employees Stock option Allotment Committee of the company has, on June 11, 2002, allotted 2,27,332 shares of Rs 2 each (at premium of Rs 125.50 per share) to the employees on exercise of their stock options under the 1999 employee stock option plan.
EXTINGUISHMENT
G G Dandekar Machine Works Ltd: The company has extinguished 2547 equity shares of the company on 29.04.02, pursuant to buy back. Equity capital of the company after the said extinguishment stands reduced to 532133 shares.
APPOINTMENTS
Nestle India Ltd: The board of directors at its meeting held on May 16, 2002, appointed Michael T Scales as a wholetime director, designated as director - finance and control for a period of 5 years with effect from June 17, 2002, pursuant to nomination received from Nestle SA in terms of Article 118A of the Articles of Association of the Company, subject to necessary approvals, in place of Jean Marc Waelti, who would be relinquishing his office as a director of the company.
Graham Firth Steel Products India Ltd: The board at its meeting held on June 3, 2002, has appointed P D Kanungo as whole-time director of the company with effect from May 22, 2002, subject to approval of shareholders in the ensuing AGM and subject to approval of the Centre and other authorities concerned.
DSQ Biotech Ltd: K Gopalakrishnan shall continue as director and M G Anant Kumar as whole time director of the company. Earlier the company had informed the BSE that K Gopalakrishnan and M G Anant Kumar have resigned as managing director and whole time director respectively
OTHER ANNOUNCEMENTS
Wimco Ltd: A lock-out has been declared at the company