SHARE DEALS
Wipro Ltd: The company has informed the Bombay Stock Exchange (BSE) that the board of directors of the company vide circular resolution effective June 28, 2002, resolved to issue and allot 4718 equity shares of Rs 2 each pursuant to exercise of stock options by eligible employees.
DSP Merrill Lynch: The company has informed the BSE that Tata Teleservices (TTSL) is making an offer in view of an agreement to purchase shares by TTSL as explained in the "details of acquisition from the promoters of Hughes Tele.com India Ltd (HTIL).
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Bhagyanagar Metals: The company has informed that pursuant to the buy-back, the company has bought back 17,753 equity shares of the company between May 27, 2002, and June 14, 2002. Equity capital of the company after the extinguishment is 6372402 shares.
Biopac India Corporation: In terms of the regulation of the Sebi, the chairman of the company Harish Doshi has informed that Trupti Doshi and Sangeeta Doshi have acquired 4,500 shares of the company through market purchase.
Blue Star: The company has informed that it has extinguished 12,95,428 equity shares of the company, pursuant to buy-back. Equity capital of the company after the said extinguishment stands reduced to 1,90,27,399 shares.
GDR Telefilms: The board of directors of the company has approved the split of equity shares from the existing Rs 10 to Re 1.
Ranbaxy Laboratories: The board of directors meeting held on July 1, 2002, has allotted 340 equity shares of Rs 10 each at Rs 673 per share to the employees of the company on exercise of stock options under the employees stock option scheme of the company.
BOARD MEET
JCT Electronics: The company has informed the BSE that a meeting of the board of directors of the company will be held on July 8 to consider the audited accounts for the period ended March 31, 2002, take on record the unaudited financial results for the quarter ended June 30, 2002, convene the annual general meeting and fix the dates for book closure, a scheme of arrangement with the creditors and voluntarily de-list the equity shares from some stock exchanges after necessary approvals.
ETP Corporation: The company has informed the BSE that the meeting of the board of directors of the company will be held on July 03, 2002, to consider the issue the bonus shares to the shareholders of the company and to allot the shares to foreign financial institutions up to a ceiling of 40 per cent.
OPEN OFFER
Bhagyanagar Metals: The BSE has informed the members of the exchange that Bhagyanagar Metals will discontinue with the scheme of buyback of its fully paid-up equity shares of face value of Rs 10 each from the open market.
Carrier Aircon: DSP Merrill Lynch 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 6826 equity shares of the company on July 7, 2002. The maximum price paid for shares acquired through open market purchases was Rs 99 per share.
PEOPLE ON THE MOVE
Gordon Woodroffe: The company has informed the BSE that the board of directors in its meeting held on June 27, 2002, has appointed Ram Gupta as a director and designated as executive director.
Aarti Drugs: The company has informed the BSE that the board of directors of the company has appointed Gauri Balankhe as the company secretary of the company.
Usha India: The company has informed the BSE that Sandeep Sinha, whole time director has resigned. Rajiv Manchanda and A K Jain have been appointed as whole time directors. Rajiv Manchanda has been designated as chief operating officer of the company.
Novopan Industries: The company has informed the BSE that Ajit Singh, director of the company, has resigned from the office of director. Further, A Issac George has been appointed as an additional director on the board of the company by the board of directors at its meeting held on June 25.
Bharat Petroleum Corporation: The company has informed that U Sundararajan has retired from the office of the chairman and managing director, BPCL, on June 30, 2002, on attaining the age of superannuation. S Behuria, director (marketing), has taken over as chairman and managing director of BPCL.
OTHERS
Bharti Tele-Ventures: The company has informed the BSE that Bharti Cellular, a 100 per cent subsidiary of the company which is holding license for providing cellular mobile telephone services in Tamil Nadu and Kerala, would be formally launching its operations on July 3 and July 4, respectively, in these states.
ICICI Bank: The bank has announced that it has acquired two branches located in the tourist towns of Shimla and Darjeeling, respectively, from Standard Chartered Grindlays Bank. The acquisition marks the foray of ICICI Bank in the two towns.
Oriental Hotels: The company has informed the BSE that it has received copies of orders of the Chennai High Court sanctioning the schemes of amalgamation of Covelong Beach Hotel India and Cormandel Hotels with the company. The said orders were taken on record by the board of directors of the company on June 28, 2002.
G G Dandekar Machine Works: The BSE has informed the members of the exchange that G G Dandekar Machine Works will discontinue with the scheme of buyback of its fully paid-up equity shares of face value of Rs 10 each from the open market through the trading mechanism of the exchange. Accordingly, the scheme of buyback of shares of the company will not be available in physical as well as demat form with effect from July 2, 2002, and trading under physical mode will be suspended.
VSNL: Videsh Sanchar Nigam Ltd (VSNL) has informed the BSE that in the interest of continuing professional business relationship and due to VSNL's constant monitoring of the situation, Worldcom has started following certain payment pattern. It is reiterated that while VSNL will remain as transparent as possible, there would be certain sensitivities in the matter, public discussion on which may have its own effect on the remittances expected from Worldcom.
Bharat Earth Movers: The company has informed that a contract has been signed with Rotem, South Korea, for the manufacture of 180 electrical multiple units for supply to the Delhi Metro Rail Corporation.
Geodesic Information Systems: The company has informed that they have signed agreements to provide their messaging solution "Mundu", with Indiatimes and Rivercode. Further, the company informs that four promoters hold around 49 per cent capital.
Godrej Consumer Products: In terms of the regulation 13(2) of the Sebi (prohibition of insider trading) regulations 1992, the company has informed that Sunil S Sapre, vice president (finance) and the company secretary is holding 150 shares of the company as on February 20, 2002.
Mardia Steel: The company has informed that the operations in all its plants have ceased from the end of May 2002.
S&S Power Switchgears: The company has informed that the management has suspended the operations of the Porur Factory from 6 am on June 2, 2002, due to labour unrest and financial constraints.
Sterling Biotech: The company has informed that it company has commissioned the expansion project for manufacture of Gelatine with an installed capacity of 4,200 tpa and by-product di-calcium phosphate with installed capacity of 12,600 tpa.
Telephoto Entertainments: The company has informed that they have commenced production of daily serial titled