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Daily Bulletin (17th October, 2019)

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

Daily Bulletin (17th October, 2019)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191017-35

1.Scrip code : 532835
Name : ICRA Limited
Subject : Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India – Update On Merger Of Wholly Owned Subsidiaries
Disclosure under Regulation 30 of the Securities and Exchange Board of India – Update on merger of wholly owned subsidiaries

2.Scrip code : 535789
Name : INDIABULLS HOUSING FINANCE LIMITED
Subject : Announcement under Regulation 30 (LODR)-Credit Rating
This is with reference to the communication Indiabulls Housing Finance Limited [IBH] received from the rating agency CRISIL on 16.10.2019. The rating committee of CRISIL has reaffirmed the long-term rating of IBH at ‘CRISIL AA+’. Short-term rating has been reaffirmed at ‘CRISIL A1+’. The watch resolution of negative outlook follows the announcement of RBI not approving the merger of IBH with LVB CRISIL noted the following in reaffirming the ratings and resolving the rating watch: IBH continues to maintain strong liquidity with cash and cash equivalents at around 20% of total assets as on 10.10.2019. The company has aggregate liquidity of more than Rs 18,500 crore as on 10.10.2019, which provides around 100% cover over IBH’s debt repayments till September 2020. There seem to be signs of improvement in the first fortnight of October 2019 with IBH having received sanctions to raise Rs. 5,200 crore via term loans, working capital lines, commercial papers and securitization lines

3.Scrip code : 531548
Name : Somany Ceramics Limited
Subject : Announcement under Regulation 30 (LODR)-Allotment
In terms of Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its meeting held on Thursday, 17th October, 2019 (i.e. today) has approved the allotment of 1,90,87,200 (One Crore Ninety Lac Eighty Seven Thousand and Two Hundred) (in aggregate including fractional entitlement) fully paid up equity shares of face value of Rs. 2/- each of the Company to the eligible shareholders of BHL, SVL and SVPL as on the Record date i.e. Tuesday, 15th October, 2019, in proportion of their respective shareholding in BHL, SVL and SVPL i.e. 1 (One) fully paid up equity share of Rs. 2/- each of the Company for every 1 (one) fully paid up equity share of Rs. 2/- each held by BHL, SVL and SVPL in the Company, pursuant to the Scheme of Amalgamation of BHL, SVL and SVPL with the Company (‘Scheme’) as approved by the Hon’ble National Company Law Tribunal, Kolkata Bench vide its order dated September 04, 2019.

4.Scrip code : 541153
Name : Bandhan Bank Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Scheme of Amalgamation of GRUH Finance Limited into and with Bandhan Bank Limited under Sections 230 to 232 of the Companies Act, 2013 (including the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016) and other relevant provisions under applicable law (“Scheme”) Effectiveness of the Scheme – Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

5.Scrip code : 502219
Name : Borosil Glass Works Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that Hon’ble National Company Law Tribunal – Mumbai Bench (‘NCLT’) has admitted Company Scheme Petition (CSP) No. 2018 of 2019 in the matter of Composite Scheme of Amalgamation and Arrangement amongst Vyline Glass Works Limited, Fennel Investment and Finance Private Limited, Gujarat Borosil Limited, Borosil Glass Works Limited and Borosil Limited (Formerly known as Hopewell Tableware Limited) and their respective shareholders and has fixed the date for hearing on 21st November, 2019.

6.Scrip code : 531599
Name : FDC Ltd.
Subject : Acquisition Of Registered Trademark/ Brand ‘ENTEROPLUS’ From Glaxosmithkline Pharmaceuticals Limited (GSK)
This is to inform you that the Company has entered into definitive documents (including a trademark assignment deed) on October 16, 2019 with GlaxoSmithKline Pharmaceuticals Limited (GSK) for acquiring the registered Trademark ‘ENTEROPLUS’ from GSK. The transaction is subject to certain regulatory steps and upon completion thereof, the Company would have acquired all the rights of this Trademark/Brand ‘ENTEROPLUS’. Kindly take the above on record.

7.Scrip code : 540005
Name : Larsen & Toubro Infotech Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
We wish to inform you that the Company/LTI has signed a definitive agreement today after the Board of Directors of the Company at its meeting held today have approved acquisition of 100% shareholding of PowerupCloud Technologies Private Limited, having its registered office in Tamil Nadu and headquartered in Bangalore along with its” additional offices in Coimbatore, Singapore and Chicago. The acquisition is subject to customary closing conditions which are expected to get completed within 6 weeks. The Company will inform the closure of the transaction to the Stock Exchange in the due course.

8.Scrip code : 532898
Name : POWER GRID CORPORATION OF INDIA LIMITED
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Acquisition of Bhuj-II Transmission Limited by POWERGRID under TBCB.

9.Scrip code : 500304
Name : NIIT Ltd.
Subject : Board Meeting Intimation for Intimation About Board Meeting To Be Held On October 24, 2019
NIIT LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/10/2019 ,inter alia, to consider and approve Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is being informed that a meeting of the Board of Directors (‘the Board’) of the Company is scheduled to be held on Thursday, October 24, 2019 to, inter-alia, consider and approve, both Consolidated and Standalone Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2019.

10.Scrip code : 532540
Name : Tata Consultancy Services Ltd.
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Vodafone Idea Extends Strategic Partnership with TCS to Enhance Customer Experience

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