OPEN OFFERS
Cadila Healthcare: The company has informed that pursuant to the public announcement for open offer made by the company to the shareholders of German Remedies, the company has acquired 3138 (0.0381 per cent) equity shares of GRL on 21.06.02. The maximum price paid for shares acquired through open market purchases was Rs 297.21 per share.
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 2823 (0.012 per cent) equity shares of the company on 21.06.02. The maximum price paid for shares acquired through open market purchases was Rs 99 per share.
PEOPLE ON THE MOVE
Atcom Technologies: Chandresh Chakradhar Chhaya has been appointed as a company secretary with effect from June 18, 2002.
Punjab Alkalies & Chemicals: Harinder Singh Dhillon has ceased to be a director of the company consequent upon his resignation with effect from May 20, 2002.
Geojit Securities: Sheikh Sultan Bin Saud Al Qasimi has been inducted as a director to the board of directors of company with effect from May 11, 2002.
SHARE DEALS
Apollo Hospitals Enterprise: The register of members and share transfer registers will remain closed from September 05, 2002 to September 19, 2002 (both days inclusive). Dividend shall be paid to the members whose names appear in the register of members of the company as on September 19, 2002. The company has further informed that the annual general meeting is scheduled to be held on September 19, 2002.
Jindal Polyester: Holders of 6,60,00,000 zero per cent optionally convertible preference shares of Rs 10 each have opted not to convert the same and have decided to redeem the same. Therefore, these optionally convertible preference shares will be redeemed by the company as per the terms and conditions.
IFB Industries: The board of directors at their meeting on June 20, 2002 have approved the scheme of reduction in the share capital of the company subject to the approval of the shareholders at the ensuing annual general meeting and confirmation by the high court at Kolkata and permissions and sanctions of any other authority if necessary.
Bhagyanagar Metals: Pursuant to buy back, the company has bought back 8099 equity shares of the company during the period from 20/05/02 to 24/05/02. Equity capital of the company after the extinguishment is 6390155 shares.
Kirloskar Oil Engines: Better Value Holdings Pvt Ltd has acquired 107160 (0.56 per cent) equity shares of the company on 18.06.02. With this their shareholding in the company is 1025929 (5.35 per cent) shares.
Parasrampuria Industries: The board of directors at their meeting on 23.04.02 has decided to give requisite notice to the shareholders stating that 97986 equity shares that arose as a result of conversion of 32662 CCP shares held by them are liable to forfeiture in case they do not pay the allotment money on or before 17.07.02.
Sri Vishnu Cement: Zuari Cement Ltd (ZCL) acquired approximately 94.70 per cent of the company from India Cement Ltd and ICL Securities Ltd and completed open offer to acquire the remaining approximately 5.30 per cent shares of the company. Consequent to the above, ZCL holds approximately 95.39 per cent shares of the company.
OTHERS
Parrys Confectionery: Due to increased competition in the market place from several multinational players and imports freely coming in with liberalisation and WTO compliance, the company believes that cost reduction measures to contain fixed overheads are necessary to continue in the business and improve the company
