Notice under takeover code
DCM Ltd: In terms of Regulation 7(3) of Sebi, (Substantial Acquisition of shares and takeovers) Regulations 1997, the company has informed that M/s Betterways Finance & Leasing Pvt Ltd has acquired 5,92,206 (3.41 per cent) shares on 30/09/2002 through market purchase, after this acquisition their shareholding is 9,90,506 (5.7 per cent) shares and M/s Aggresar Finance & Leasing Pvt Ltd has acquired 7,20,000 (4.14 per cent) shares on 30.09.2002 through market purchase, after this acquisition their shareholding is 14,15,451 (8.13 per cent) shares in the company.
Ikab Securities & Investment Ltd: In terms of Regulation 7(1) of Sebi (Substantial acquisition of shares and takeovers) Regulations 1997, the company has informed that Indra Kumar Bagri has acquired the shares of the company through market purchase. After this acquisition his shareholding is 8,46,800 (24.54 per cent) shares in the company.
Restructuring, amalgamation, allotment
Vikrant Tyres Ltd: The company has informed that a board meet has been convened on October 7 to consider the options of restructuring including amalgamation with the holding company. Earlier the company had informed that it has sent a resolution to the directors for considering and if approved, for passing by circulation to examine all the possibilities of restructuring the company including by amalgamation with J K Industries Ltd or any undertaking or division thereof for setting up of a combined tyre company and for this purpose to appoint advisors/ consultants/ financial consultants/ legal advisors/ lawyers/valuers.
Phil Corporation Ltd: The company has informed that a board meet held on September 29 has approved the scheme of arrangement for amalgamation of Gokhatak Enterprises Ltd (GEL), a 100 per cent subsidiary of the company with the company.
Share issuance in recast
Amit Spinning Industries Ltd: The company has informed that the shareholders of the company have approved issue of 10,90,000 equity shares to IDBI in terms of company
