TAKEOVER CODE NOTICES
Bombay Dyeing & Mfg Co: In terms of regulation 13(6) of Sebi, (substantial acquisition of shares and takeovers) regulations 1992, the company has informed that Ninu Khanna, managing director, is holding 191500 shares from 05/08/2002 to 08/08/2002 at Rs 49.50 per share.
HB Estate Developers: In terms of regulation 13(4) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that HC Bhasin, chairman of the company, has acquired 6301 shares of the company on 05/08/2002. After this acquisition, his shareholding is 2159389 shares in the company.
Jain Irrigation Systems: In terms of regulation 3(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that M/s Aqua-India I Ltd has acquired 22638499 (47.28 per cent) shares and M/s Aqua-India II Ltd. have proposed to acquire 1017335 (2.12 per cent) shares on 20/08/2002 at Rs 37.10 per share and maximum up to Rs 90 by way of preferential allotment basis.
Pritish Nandy Communications: In terms of regulation 7(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that M/s Winstar India Investment Company. PCC has acquired 939100 (8.97 per cent) shares from 11.03.2002 to 06.08.2002 from the secondary market.
Visesh Infosystems: In terms of regulation 3(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that M/s Infotelnics India has acquired 2225000 (14.91 per cent) shares on 20/08/2002 at Rs 23 per share by way of preferential allotment basis.
MERGERS & ACQUISITIONS
Continental Controls: The board of directors at its meeting held on 07/08/2002 has decided to amalgamate Continental Softech Ltd (CSL) with the company by acquiring the business of CSL as a going concern and allotting in lieu thereof shares of the company in a swap ration of 1:1.
Rico Auto Industries: The board has expressed the intention to acquire an auto component manufacturing company in India or abroad and has authorised the managing director to do the needful.
Sarabhai Electronics: The board has subject, to requisite approvals, considered and approved the following: Scheme of amalgamation of DDE ORG Systems Private (the transferor company under the scheme) with the company (the transferee company). The appointed date for amalgamation in terms of the above referred scheme is proposed to be April 01, 2002; the increase in the authorised share capital of the company from Rs 7,50,00,000 to Rs 8,50,00,000
ESOP PLANS
Geometric Software Solutions: The company has informed that the allotment committee at its meeting held on 08/08/2002 has allotted 3622 shares on application of the employees for conversion of ESOP
