OPEN OFFERS
Abbot Laboratories (I) Ltd: The company has informed that Pharmacia Corporation, USA, holds 3874229 (74.22%) as on 04.06.02 as :1. 188000 (3.60 per cent) shares by way of market purchase on April 15, 2002. 2. 2687808 (51.49 per cent) shares by way of share purchase agreement on May 31, 2002. 3. 998421 (19.13 per cent) shares by way of open offer on June 3, 2002.
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 June 12, 2002, 151911 (3.04 per cent) equity of the company through open market purchase.
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 1958 (0.0237 per cent) equity shares of GRL on June 11, 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 6626 (0.028%) equity shares of the company on June 12, 2002. The maximum price paid for shares acquired through open market purchases was Rs 98.95 per share.
BUYBACK
John Fowler India: The board of directors of John Fowler India at its meeting held today (June 12, 2002) has approved buyback up to 3,12,565 equity shares at a maximum price of Rs 62.50 per share through open market purchase. This is subject to the approval of the shareholders.
ACQUISITION
Stocknet International Ltd: The software development company is to take over Pansoft Technologies Ltd, Mumbai. Pansoft Technologies is an IT solutions provider. The company is involved in software development, integrated e-business solutions B2B & B2C, integrated multimedia-based solutions, business process re-engineering and MIS etc.
BSES Ltd: The company has informed that on May 31, 2002, the company entered into share acquisition agreements with Delhi Power Company Ltd to acquire either by itself or through its associates 51 per cent equity stake in the two electricity distribution companies of Delhi viz.Central East Delhi Electricity Distribution and South West Delhi Electricity Distribution.
INSIDER TRADING NOTICE
Enchante Jewellery Ltd: In terms of Regulation of Sebi, prohibition of insider trading, the company has informed that Barkha Exports Ltd. hold 2145000 (29.90 per cent) and Mehrasons Jewellers (P) Ltd holds 5 lakh (6.97 per cent) equity shares of the company.
EXTINGUISHMENT
Exide Industries Ltd: The company has informed that, company has extinguished 19,174 shares of the company on June 4, 2002, pursuant to buy back. Equity capital of the company after the said extinguishment is 3,56,44,682 shares.
G G Dandekar Machine Works Ltd: The company has informed that, company has extinguished 1715 equity shares of the company on May 22, 2002 pursuant to buy back. Equity capital of the company after the said extinguishment stands reduced to 530418 shares.
APPOINTMENTS & RESIGNATIONS
Cummins India Ltd: The board of directors of Cummins India Ltd at its meeting on June 10, 2002, have co-opted Vinod Dasari, as an additional director with effect from June 10, 2002.
Dabur India Ltd: The board of directors of Dabur India has appointed Sunil Duggal as chief executive officer of the company with effect from July 1.
Narmada Chematur Petrochemicals Ltd: V K Khanna has been appointed managing director of the company.
Dr Reddy
