Notices undet takeover code
Shriram Investments Ltd: In terms of Regulation 3(3) of Sebi (Substantial Acquisition of shares and Takeovers ) Regulations 1997 the company has informed that Citicorp Finance (India) Ltd has acquired 8180427 (19.90%) shares by way of preferential allotment basis at Rs 10/- per share on 06/09/2002.
Wartsila India Ltd: In terms of Regulation 7(3) of Sebi (Substantial Acquisition of shares and Takeovers ) Regulations 1997 the company has informed that Wartsila Corporation is holding 7013006 (58.27%) shares and Wartsila Technology Oy Ab is holding 3637300 (30.23%) shares after the second open offer made by Wartsila Corporation together with Wartsila Technology Oy Ab.
Share acquisition/holding intimation
e-Serve International Ltd: The company has received intimation from Alliance Capital Mutual Fund informed that, they in four of their schemes holds in aggregate 626448 (5.05%) equity shares of the company.
ETC Networks Ltd: In terms of Regulation 7(3) of Sebi (Substantial Acquisition of shares and Takeovers ) Regulations 1997 the company has informed that Alliance Capital Mutual Fund in three of its schemes holds 5.05% of the paid up capital of the company.
Preferential, rights issues
Morgan Industries Ltd has informed that the board of the company at its meeting held on August 22, 2002, approved the preferential issue of 5000000 equity shares @ a face value of Rs 10 each aggregating to Rs 50 million at par to the promoters and associates subject to the approval of the shareholders in AGM and consent/approval from Sebi and other appropriate authorities if any.
Interworld.Com Ltd has informed that a meeting of the board would be held on September 5 to consider the following agenda: To consider issue of preferential allotment of shares; To consider issue of shares on rights basis; To increase the authorised capital.
The board of Vintage Cards & Creations Ltd at its meeting held today (August 30, 2002) approved making a preferential allotment of equity shares to the promoters, Hallmark Cards Inc, US, and other business associates.
Abee Info-Consumables Ltd: The members of the company have accorded their requiste consent to issue 54,88,800 equity shares of Rs. 10/- each on preferential basis by pruning the quantum of shares from 1,00,00,000 equity shares of Rs.10/- each as proposed by the company without any change in other terms & conditions of the said preferential issue.
Sanket International Ltd: AGM 24/09/2002 to consider preferential issue of 1250000 equity shares of Rs.10/- each with a premium of Rs.35/- per share aggregating to Rs.562.50 lakh.
Dividend proposal
The board of Sterlite Industries India Ltd at its meeting held today (August 30, 2002) has recommended payment of a dividend of Rs 4.75 per equity share of the face value of Rs 5 each for the nine month period ended March 31, 2002. The share transfer books and the register of members shall remain closed from September 26-28, 2002 (both days inclusive) for the purpose of payment of dividend to the shareholders.
Share deals
Reckitt Benckiser (India) Ltd: HSBC Securities and Capital Markets (India) Pvt. Ltd. have informed on behalf of Reckitt Benckiser Plc/Lancaster Square Holdings SL has acquired 2,406 shares of the company through open market purchases on 29/08/2002.
Century Laminating Co Ltd: The company has received information from the acquirers one of its promoter shareholders that they have acquired 3,44,215 equity shares constituting 3.32% of the total paid up & voting share capital of the company pursuant to which the holding have increased to 94,93,315 equity shares representing 91.55 % of the paid up capital of the company.
Esop
Geodesic Information Systems Ltd: The board at its meeting held on 28/08/2002, has approved the scheme of employees stock option as recommended by the compensation committee. The board has decided subject to approval of shareholders to grant options for around 46000 equity shares.
Goa Carbon Ltd: The company has informed that the executive chairman Shrinivas V. Dempo (wholetime director) has purchased from open market 500 equity shares of the company on 27.08.2002 @ Rs.29.70 per share.
Share split
Mefcom Capital Markets Ltd: The board at its meeting held on 27.08.2002 decided as follows: 1. Sub divide equity shares of Rs.10/- to Rs.2/- each. 2. Re-issuance of 2758400 forfeited equity shares.
Sanyo Impex Ltd: The board in its meeting held on 28/08/2002 has decided as follows: 1. Stock split of equity shares from Rs.10/- to Re.1/- each. 2. To consider reissue of forfeited shares. 3. Progress on Joint Venture Project with a leading Canadian Information and Technology Co. for setting up wireless security solutions network and generation of funds for the project by way of preferential issue or by way of rights issue. 4. Interim dividend deferred.
Media Matrix Worldwide Ltd: AGM 27/09/2002 to consider 1. Listing of equity shares on National Stock Exchange of India. 2. Voluntary delisting from the Stock Exchange, Ahmedabad. 3. Sub-division of equity shares from Rs.10/- to Re.1/- each.
Other proposals
Mid-Day Multimedia Ltd: The company has informed that Mid-Day Radio North (India) Ltd. and Mid-Day Broadcasting South (India) Pvt Ltd, 100% subsidiaries of the company were formed for the purpose of operating FM broadcasting stations at Delhi and Chennai respectively. The companies have informed the government (I&B Ministry) that due to uneconomic licence fee structure and delay in the setting up of joint infrastructure by all the broadcasters in the respective cities beyond the agreed date of August 29, 2002, they would not undertake broadcasting activity in Delhi and Chennai, respectively, under the present tender terms. However, if there is any change in the tender terms by the government both the companies may reconsider their position.
HCL Technologies Ltd has fixed the book closure from October 22, 2002 to November 07, 2002 (both days inclusive) for the purpose of AGM. HCL Technologies Ltd has posted consolidated gross revenues of Rs 16292.70 million for the year ended June 30, 2002 as compared to Rs 14050.90 million in the year ended June 30, 2001. Consolidated Net Income for the year ended June 30, 2002 is at Rs 4861.20 million as compared to Rs 4882.80 million in FY-01. Commenting on the company
