Daily Notifications as on 22nd July 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200722-27

1. Scrip code : 513262
Name : Steel Strips & Wheels Ltd
Subject : Alloy Wheels Revenue To Grow 300 Percent In FY 2020-21
In furtherance to our earlier announcement dated 03.07.2020 (i.e. Mehsana Secures Alloy Wheel Long term order book for 4000crs), SSWL is pleased to confirm that on the basis of current market scenario and available orders, SSWL shall cross more than 1 million Alloy Wheels sales resulting in a total revenue of more than Rs. 325 Crores in FY 2020-21. This will represent a plus 300 percent growth over last financial year. Kindly take the above on your records please.

Daily Notifications as on 21st July 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200721-31

1. Scrip code : 718663
Name : Mahindra & Mahindra Ltd.
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
We refer to the letter dated 18th July, 2020 of Mahindra & Mahindra Financial Services Limited, a listed subsidiary of the Company (“MMFSL”), intimating the Stock Exchanges that the Board of MMFSL has inter alia approved Rights Issue of Equity Shares of the face value of Rs. 2 each at an Issue Price of Rs. 50 per fully paid up Equity Share (including premium of Rs. 48 per share) for an aggregate amount not exceeding Rs.3,089 Crores assuming full subscription (‘Issue’). The full amount of the Issue Price will be payable on application. In furtherance to the above as well as the Company’s intimation to the Stock Exchanges dated 12th June, 2020 we wish to inform that the Loans and Investment Committee of the Company, has today accorded its approval to the matters stated in the attached letter.

2. Scrip code : 539112
Name : SAB INDUSTRIES LIMITED
Subject : Shareholders Meeting Held On 30/08/2020
Meeting of Shareholders on 30th August 2020 at 10:00 A.M. at the Registered Office of the Company for amalgamation of Steel Strips Limited (Transferor Company) with SAB Industries Limited (Transferee Company) pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. Further, the Company is providing to members facility of voting through Remote e-voting and Poll at the Meeting on the Resolution/business stated above. Central Depository Services Limited (CDSL) is appointed as voting Agency for facilitating e-voting by Members. The period of e-voting is as under: Start date and time of voting 31st July, 2020 at 9:00 A.M End date and time of voting 29th August, 2020 at 5;00 P.M The cut-off date for determining eligibility of Members entitled to vote in e-voting and at the venue, will be Friday, June 12, 2020. We hereby enclose copy of Notice of aforesaid Meeting for your perusal and request you to take the above information on record.

SBI Cards and Payments Services

 

Market Cap: Rs 73,520 crs 

 

52 Week High/ Low: Rs 789/ 495

 

CMP: Rs 780

 

IPO Performance: 

 

During the quarter ended March 31, 2020, the Company had come up with an Initial Public Offering (IPO) of 137,149,314 Equity Shares of face value Rs 10 each comprising of a Fresh Issue of 6,622,516 Equity Shares and an Offer for Sale of 130,526,798 Equity Shares aggregating to Rs.1,034,0.8 crs.

 

SBI Cards did not perform very well at its IPO  and listed 13% below its offer price. 

 

List Date IPO Listing % Variance BSE 09/07/2020 % Variance
Price in Rs Price in Rs List Price over Price in Rs Current Price over
16-Mar-20 755 658 -13 780 3.3

 

Financials: 

 

SBI Cards showed a 14% rise in their Q1 profits this year due to higher interest income. There was also a 20% rise in their cards in force showing that they have acquired new customers even during the pandemic with the rate close to pre-pandemic numbers. 

Given the rise in cards and an increase in profits, it shows that the new cards distributed by them are being used. 

 

21/07/2020 SBI Cards
Year FV CMP Equity Net Worth Long Term Debt Total Income PAT BV EPS P/E P/BV Promoter’s Holdings
Rs Rs Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Rs %
Q1 2021 10 780 938 5734 2195 393 61 16.8 47 13 69.53
FY 2020 10 938 5341 16117 9752 1244 57 13.3 69.55
FY 2019 10 837 3587 12352 7287 864 43 10.3

 

For Q1 2021:

  1. P/E is annualised
  2. Networth is calculated 

 

Additional Data:

 

In accordance with the RBI Circulars dated March 27, 2020 and April 17, 2020 with regard to providing relief to borrowers on account of COVI D-19 pandemic, SBI Card has offered a moratorium on credit card dues to eligible borrowers in accordance with a Board approved policy. In this backdrop, The Company, based on current estimates, has created an additional management overlay on Expected Credit Loss (ECL) amounting to Rs 489.25 crs during the quarter and year ended March 31, 2020. 

 

Daily Notifications as on 20th July 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200720-45

1. Scrip code : 532555
Name : NTPC Limited
Subject : 800 MW Unit Of Lara Super Thermal Power Project Added To Installed Capacity Of NTPC
In line with the Corporate Disclosure requirements, this is to inform that 800 MW, Unit-2 of Lara Super Thermal Power Project, has been added to Installed Capacity of NTPC on successful completion of Trial Operation. With this, the total installed capacity of NTPC and NTPC group has become 51155 MW and 62910 MW respectively.

2. Scrip code : 532822
Name : VODAFONE IDEA LIMITED
Subject : Update On AGR Matter
Vodafone Idea Limited has intimated update on the AGR Matter to the Stock Exchanges.

BF Utilities (July 17, 2020)

BF Utilities

 

Market Cap: Rs  945 Crs

52 Week High/ Low: Rs 361/134 

 

Results: 

 

17/07/2020

BF Utilities

Year FV CMP Equity Capital Net Worth Long Term Debt Total Sales PAT BV EPS P/E P/BV Promoter’s Holdings
2020 Standalone

5

250 18.83 130.51 3.7 23.76 2.51 34.7 0.7 375.1 7.2 55.99
2019 Standalone

5

250 18.83 128.1

7

49.8 27.16 34.0 7.2 34.7

7.3

2019 Consolidated

5

250 18.83 -59.3 1660.8 469.3 71.9 -15.7 19.1 13.1

2018 Consolidated

5 250 18.83 -98.7 1580 411.6 36 -26.2 9.6 26.2

 

The consolidated statements for 2020 are yet to be issued 

 

Standalone Segment Earnings:

 

2020 Revenue
Infrastructure 0.77
Wind Power 19.25

 

5 Year Historical Price Movement: 

BF Utilities is an Indian Holding company belonging to the Kalyani group with investments in Infrastructure and Wind Power Generation. 

 

Its wind farm project consists of approximately 50 wind energy generators of over 230 kilowatts and approximately 10 WEGs of over 600 kilowatts. 

 

Its subsidiaries include:

Nandi Infrastructure Corridor Enterprise Limited (NICE): NICE has an interest in the Bangalore Mysore Infrastructure Corridor Project, which is an infrastructure development project. BMIC Project consists of over 40 kilometres Outer Peripheral Road and over 10 kilometres Expressway up to Bidadi.

 

Nandi Highway Developers Limited:  NHDL has built and operates over 30 kilometres bypass road connecting the twin cities of Hubli and Dharwad in North Karnataka

 

Avichal Resources Pvt. Ltd.

 

Recent News: 

Investor Radhakishan Damani picked up a 1.3% stake (491000 shares) in the June quarter. 

 

Southern Petrochemicals Ltd

Southern Petrochemicals Ltd

Fertilizers
FV – Rs 10; 52wks H/L – 25.35/9.5; TTQ – 12 K; CMP – Rs 21 (As On July 17, 2020);                     

            Market Cap – Rs 436 Crs

Consolidated Financials and Valuations (Amt in Rs Crs unless specified)

 


Equity Capital

Net worth
Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

Industry P/E

P/BV

Promoter’s
Stake

FY20

203.64 435 279 2090 67 21 3.3 6.4 9.43 1

52.79

FY19 203.64 371 367 2613 63 18 3.1 6.8 9.43 1.2

52.79

 

Debt to Equity – 0.64

ROE – 15

Market Cap/Sales – 0.2

  • During the quarter, the production and sale of Urea of the company were 1.05 lac MT and 1.16 lac MT and for the year production and sale of Urea stood at 5.50 lac MT and 5.54 lac MT respectively.
  • Of India on 17th June 2015, had permitted the companyto produce  Urea using Naptha as feedstock on existing provisions till assured supply of gas is made available.
  • Subsidy for the quarter and year end of Rs. 436 crs and 1702 crs has been accounted base don the provisional Retention Price (RP) computed in line with government’s policy.
  • During the year, the sale of tissue cultures recorded a sales turnover of Rs. 8 crs. The demand for the product was low due to unfavorable seasonal conditions and subsidy policy under National Horticulture Mission.
  • The Company has signed a Hospitality Agreement with Indian Oil Corporation for a period of two years from 1st July 2019 for using their Tank farm facility at Tuticorin Port premises for handling a part of SPIC’s Imported Naphtha shipments. This has facilitated SPIC for faster discharge of cargo and thereby minimizing the ship demurrage to a large extent.
  • One of the Associate companies is putting up a 24.7 MW floating solar power project in the Company’s water reservoirs which, when completed during this year, will reduce the cost of power. 

 

Overview:

  • Southern Petrochemical Industries Corporation (SPIC) Limited is one of the leading fertilizer manufacturing companies in the country located at Thoothukudi in the State of Tamil Nadu. It is a joint venture founded by Dr M A Chidambaram and Tamil Nadu Industrial Development Corporation Limited (TIDCO), a state-owned industrial development institution.
  • SPIC is one of the earliest units set up in the country with a vision to produce high quality fertilizers to improve the agricultural output of the country.
  • SPIC’s large fertilizer complex is capable of producing 6.2 lakh tons of Neem Coated Urea.
  • SPIC is a household name within the farming community due to its ability to enrich the soil consistently throughout the agricultural cycle with maximum nutrient use efficiency.
  • The Company is a Lead Fertilizer Supplier (LFS) for Tamil Nadu and Pondicherry, we have ensured the usage of 11,611 numbers of Point of Sales (PoS) devices out of 11,980 devices available in the States. The usage percentage is 97 % which is the highest in the country.

Products:

  • Chemical Fertilizers
  • Water soluble Fertilizers
  • Organic Fertilizers
  • Micro Nutrients
  • Plant Growth Regulators
  • Industrial Products

Management:

  • Ashwin C Muthiah – Chairman
  • K R Anandan – CFO

Shareholding Pattern:

Major Holdings:

Non – Promoters

No. of shares held % shares held

Ruchit Bharat Patel

7013442 3.44

Finquest Financial Solutions Pvt.Ltd

6196897 3.04

Hardik B

431559

2.12

LIC 3926725

1.93

Vibgoyar Investors & Developers Pvt. Ltd 2500000

1.23

 

Share Price Trend:

Share Price Snapshot:

Year

Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)

2010

15.85 35.2 15.8 25.3

2011

25.45 37.75 14.05 14.45

2012

14.55 23.1 12.75 15.55

2013

15.7 21.3 6.7 12.71

2014

12.66 30.25 10.07 23.5
2015 24 24.85 14.95

22.45

2016 23.2 27.3 17.6

18.75

2017 18.65 49.2 18.4

48.7

2018 48.8 58 23

26.35

2019 26.7 29.55 16.4

18.95

2020 19 25.35 9.5

21.4

 

Daily Notifications as on 17th July 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200717-45

1. Scrip code : 542667
Name : White Organic Retail Limited
Subject : Record Date For The Purpose Of Issue Of Bonus Shares
In pursuance to approval of shareholders received vide postal ballot, we request you to note that the Board of Directors have fixed the Record date (for shares held in physical as well as for the ones held in electronic mode) for the purpose of issue of bonus shares and the same is Wednesday, July 29, 2020 (subject to receipt of in-principal approval of the Exchange). Stakeholders are requested to kindly take this notice on record in pursuance of regulation 42 of SEBI(LODR) Regulations, 2015 and the not the one submitted earlier.

2. Scrip code : 531642
Name : Marico Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
The Board approved the Scheme of Amalgamation between Marico Consumer Care Limited (a wholly owned subsidiary of the Company) and Marico Limited and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013 and all other applicable provisions of the Companies Act, 2013 (‘the Scheme’). The Scheme is subject to the requisite statutory/regulatory approvals including the approval of jurisdictional National Company Law Tribunal (‘NCLT’), and the respective shareholders and creditors of the Company and Marico Consumer Care Limited (as may be directed by the NCLT). Disclosure pursuant to Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR Regulations’) read with SEBI Circular No. CIR/CF/CMD/4/2015 dated September 9, 2015, is given in Annexure-I to this letter.

3. Scrip code : 505506
Name : Axon Ventures Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
under section 230-232 of the Companies Act, 2013 of following companies in the company petition No. CSP 758/MB-II/2020. Proaim Enterprises Limited (First Transferor Company) Axon Ventures Limited (Second Transferor Company) Rockon Enterprises Limited (Third Transferor Company) With Banas Finance Limited (Transferee Company)

Daily Notifications as on 16th July 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200716-34

1. Scrip code : 539097
Name : HKG LIMITED
Subject : Corporate Action-Outcome of Sub division / Stock Split
Sub-division of face value of Equity Shares of Rs.10/- into Rs.2 /- per Equity Shares.

2. Scrip code : 532832
Name : Indiabulls Real Estate Limited
Subject : Update On Proposal Of The Merger Of Certain Ongoing, Completed And Planned Residential And Commercial Projects Of Embassy Group Entity (‘Embassy’) With Indiabulls Real Estate Limited (‘The Company’ Or ‘IBREL’)
In continuation to the exchange intimations dated January 31, 2020, March 3, 2020, and June 3, 2020, we wish to inform that we have received the proposal from Embassy detailing their various assets for the merger of Embassy, as a Transferor Company, with the Company, as Transferee Company (Amalgamation). To give effect to the Amalgamation, the Board constituted committee of the Company is taking required steps including appointment of merchant bankers, lawyers and valuers to arrive at the swap ratio and definitive agreements, to be placed before the Board for their approval in four weeks from today. The resultant shareholders of the Amalgamated Company will be: (1) IBREL Shareholders, (2) Embassy – Promoters, and (3) Embassy – Institutional Investors. Pls refer the attachment for further details, alongwith the details of Embassy assets, which Embassy has proposed to merge into Indiabulls Real Estate Limited.

3. Scrip code : 532092
Name : Sagar Productions Limited
Subject : Proposal For Merger Of Sagar Productions Limited And Epuja Web Solutions Private Limited.
Proposal for Merger of Sagar Productions Limited and Epuja Web Solutions Private Limited.

4. Scrip code : 540115
Name : L&T Technology Services Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
We would like to inform that pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Company has signed a Share Purchase Agreement (SPA) to acquire Orchestra Technology, Inc. In this regard, please find enclosed disclosure containing the details pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular number No. CIR/CFD/CMD/4/2015 dated September 9, 2015.

DCM Shriram Ltd. July 15, 2020

DCM Shriram Ltd

Diversified
FV – Rs 2; 52wks H/L – 537.75/175.8; TTQ – 5133; CMP – Rs 320 (As On July 15, 2020);                     

            Market Cap – Rs 5265 Crs

Consolidated Financials and Valuations (Amt in Rs Crs unless specified)

 
Equity Capital

Net worth
Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

Industry P/E

P/BV

Promoter’s
Stake
FY20 31.35 4050 2046 7870 717 129 45.7 7 28.61 2.5 66.53
FY19 31.35 3526 1475 7859 906 225 57.8 5.5 28.61 1.4 66.53

 

Debt to Equity – 0.5

ROE – 18%

Market Cap/Sales – 0.7

 The schedule for implementation of capacity expansion at Bharuch for Caustic Soda Plant by 700 TPD (along with 120 MW Captive Power plant and Flaker capacity expansion of 500 TPD) at an investment of Rs.1070 crs is being realigned taking into account the impact of Covid-19.

Overview:

  • DCM Shriram Ltd is a spin-off from the trifurcation of the reputed erstwhile DCM Group.
  • The company’s business portfolio consists of Chloro-Vinyl Business, Agri-Rural Business and other Value-Added Businesses.
  • It is amongst one of the most cost efficient producers of products and services in all its businesses and has been continuously striving for operational efficiency.
  • DCM Shriram, across its various businesses is strategically diversified yet operationally integrated company.
  • Some of the businesses feed others, thereby lowering operation costs and making DCM Shriram a highly competitive player.
  • The continued focus of the Govt. on agriculture & infrastructure is expected to fuel growth of the agricultural & PVC industry in India.

Businesses:

Chloro-Vinyl Businesses:

  1. Chlor- Alkali – DCM Shriram’s Chlor-Alkali (Chemicals) buusiness comprises Caustic Soda (Lye and flakes), Chlorine and associated chemicals including Hydrochloric acid, Stable Bleaching powder, Aluminium Chloride, Compressed Hydrogen and Sodium Hypochlorite. The Company has two manufacturing facilities located at Kota (Rajasthan) and Bharuch (Gujarat) with full coal based captive power. The company’s caustic soda capacity at Bharuch is 1345 TPD and at Kota is 498 TPD.
  2. Plastics Business: A highly integrated business, located at the Kota plant, it involves manufacturing of PVC resins and Calcium Carbide with captive production of Acetylene, Chlorine and Coal based power. Company’s raw carbide capacity stands at 340 TPD and PVC capacity stands at 220 TPD.

Sugar:

capacity of 38,000 TCD. These units have a total power cogeneration capacity of 141 MW and are also supported by 350 KLD of Distillery capacity and a 700 TPD refinery.

 

Agri-Input Businesses:

Shriram Farm Solutions

Bioseed

Fertiliser

 

Other Businesses:

Fenesta Building Systems.

Cement

PVC Compounding

Hariyali Kissan Bazaar

Segment Revenue
Particulars FY20 (%) FY19 (%) % growth
Chlor – Vinyl 29 32 -9
Sugar 32 30 7
Shriam Farm Solution 10 9 11
Bioseed 5 6 -17
Fertiliser 13 13 0
Others 11 10 10

Revenue of Sugar business was up by 7% with higher ethanol volumes as well as better realization of Sugar.

Management:

  • Ajay S. Shriram – Chairman & MD
  • Vikram S. Shriram – Vice Chairman & MD
  • Amit Agarwal – CFO

 

Share Holding Pattern:

Major Holdings:

Non – Promoters No. of shares held % shares held
LIC 10514136 6.74
The New India Assurance Company 1706404 1.09
Stepan Holdings Ltd 7085000 4.54
Ristana Services Ltd 4804550 3.08
Salperton Ltd 1650000 1.06
Turnstone Investments Ltd 1566000 1

 

Share Price Trend:

Share Price Snapshot:

Year Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)
2010 62.4 69.95 43.35 51.15
2011 52.2 59 37.5 39.75
2012 41 86.4 39.4 68.45
2013 69 73.4 49.1 55.75
2014 57 251.45 51.1 158.55
2015 160.7 161.3 100 133.1
2016 139.2 286.45 107 213.05
2017 214 626.9 211.7 557.9
2018 562.9 628.05 222.55 337.8
2019 338 637 285.05 396.05
2020 400 431.1 175.8 324.15

 

Financials:

Source – Annual Report

The overall operating performance of the Company was stable during the year, with businesses like Sugar, Shriram Farm Solutions, Fenesta and Cement registering growth led by better product prices and volumes. Chlor-Alkali business witnessed a sharp decline in product prices as domestic caustic prices aligned with the international prices.

Daily Notifications as on 15th July 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200715-40

1. Scrip code : 509053
Name : Banas Finance Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
We hereby inform we received an email from our advocate stating that today (i.e 15th July 2020) the Hon’ble NCLT vide video conferencing has approved the scheme of merger under section 230-232 of the Companies Act, 2013 of following companies in the company petition No. CSP 758/MB-II/2020. Proaim Enterprises Limited (First Transferor Company) Axon Ventures Limited (Second Transferor Company) Rockon Enterprises Limited (Third Transferor Company) With Banas Finance Limited (Transferee Company).

2. Scrip code : 532321
Name : Cadila Healthcare Ltd.
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Zydus Cadila receives final approval from USFDA for Betamethasone Dipropionate Ointment

3. Scrip code : 506395
Name : Coromandel International Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
We refer to our earlier letters dated January 31, 2020 and February 03, 2020 wherein we had informed you about the approval of the Board of Directors of the Company for the acquisition of 50,00,000 equity shares of Rs. 10/- each constituting 50% of the total share capital of Coromandel SQM (India) Private Limited (‘CSQM’), a joint venture between the Company and Soquimich European Holdings BV (‘SQM’). We wish to inform you that the Company and SQM have executed a Share Purchase Agreement on July 10, 2020 for acquisition of 50,00,000 equity shares of Rs. 10/- each constituting 50% of the total share capital of CSQM, for a consideration of Rs. 12 Crores. On completion of the customary closing formalities and transfer of the shares in the name of the Company, which is planned to be completed before July 31, 2020, CSQM would become a wholly owned subsidiary of the Company.

4. Scrip code : 533160
Name : D B REALTY LIMITED
Subject : Announcement Under Regulation 30 (LODR) With Regard To Acquisition Of Shares By Vanita Infrastructure Private Limited, Wholly Owned Subsidiary Of The Company In DB (BKC) Realtors Pvt. Ltd
Acquisition of Shares by Vanita Infrastructure Private Limited, wholly owned subsidiary of the Company in DB (BKC) Realtors Pvt. Ltd

5. Scrip code : 500189
Name : NXTDIGITAL LIMITED
Subject : Intimation Towards Admission Of Petition On The Scheme Of Arrangement Between Indusind Media And Communications Limited (‘IMCL’ Or ‘Demerged Company’) And NXTDIGITAL LIMITED (“NXTDIGITAL Or ‘Resulting Company’) And Their Respective Shareholders.
We would like to inform your good office that the Company’s Petition No. 940 of 2020 towards the Scheme of Arrangement between IndusInd Media and Communications Limited (‘IMCL’ or ‘Demerged Company’) and NXTDIGITAL LIMITED (“NXTDIGITAL or ‘Resulting Company’) and their respective shareholders has been admitted by the Hon’ble National Company Law Tribunal, Mumbai Bench on Wednesday, July 15, 2020 and the final hearing is fixed on Tuesday, July 28, 2020.

6. Scrip code : 533106
Name : Oil India Limited
Subject : Withdrawal Of Demand Notices By Department Of Telecommunications (Dot) On Account Of Licence Fee Based On Adjusted Gross Revenue (AGR)
We write in continuation to our letter of even no. dated 22.01.2020 intimating the Company’s stand on the provisional assessment orders/demand notices issued by DoT & our subsequent reply dated 08.05.2020 in response to SEBI letter no. SEBI/CFD/CMD1/PR/OW/10545/1/2020 dated 05.05.2020 in this regard. In this connection, we would like intimate that Company has received today, letter no. LF&SUC-222 / MiscCorr / Oil India (NLD) / 19-20 dated.13.07.2020 from DoT, Ministry of Communication, Govt. of India communicating the withdrawal of Demand Notices amounting to Rs. 48,489.26 crore issued against the Company for the financial year 2007-08 to 2018-19. The above is for your information and records please.

7. Scrip code : 533274
Name : Prestige Estates Projects Limited
Subject : Prestige Estates Subsidiary Has Acquired Equity Stake In DB (BKC) Realtors Private Limited
Prestige Estates subsidiary has acquired equity stake in DB (BKC) Realtors Private Limited.

8. Scrip code : 718773
Name : Reliance Industries Ltd
Subject : Investment Into Jio Platforms Limited
Jio Platforms Limited, a subsidiary of the Company, today signed binding agreements with Google International LLC pursuant to which Google would invest Rs. 33,737 crore for a 7.73% equity stake in Jio Platforms Limited on a fully-diluted basis. Google is investing at an equity valuation of Rs. 4.36 lakh crore. The transaction is subject to customary regulatory approvals.

9. Scrip code : 513262
Name : Steel Strips & Wheels Ltd
Subject : SSWL Receives New Orders For Over USD 71K From US
SSWL is proud to inform new orders for Mobile Home market from USA. The order comprises of almost 8,200 steel wheels to be executed in the month of August from its Chennai plant. The revenue thus generated would be a total of 71k USD. Similar orders are expected in times to come from other regular customers as the market regains normalcy. This will support further ramping up of production at Chennai steel wheels plant.

10. Scrip code : 532966
Name : Titagarh Wagons Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Titagarh Wagons Limited (‘the Company’ or ‘TWL’) has acquired the shares held by Matiere S.A.S., France (‘Matiere’), representing 50% of the paid-up share capital of Matiere Titagarh Bridges Private Limited (‘MTBPL’), a Joint Venture Company of TWL. As a result of the above, the shareholding of the Company in MTBPL has changed from 50% to 100% and thus MTBPL has become a wholly-owned subsidiary of the Company w.e.f. 14th July, 2020