Notifications, Scrip Scan

Daily Bulletin (5th December, 2019)

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

Daily Bulletin (5th December, 2019)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191205-36

1.Scrip code : 533217
Name : Hindustan Media Ventures Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Allotment of equity shares by the Company pursuant to the Scheme of Arrangement u/s 230 to 232 of the Companies Act, 2013 between Hindustan Media Ventures Limited (“Resulting Company/Company”) and India Education Services Private Limited (“Demerged Company/IESPL”) and their respective shareholders [Scheme]

2.Scrip code : 541770
Name : CreditAccess Grameen Ltd.
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
We refer to the captioned disclosure where CreditAccess Grameen Limited (the ‘Company’) informed you that its Board of Directors (‘Board’) had approved: (i) the acquisition of up to 76.2% of the share capital of Madura Micro Finance Limited (‘MMFL’) by the Company from its existing shareholders; and (ii) a scheme of arrangement amongst the Company, MMFL and their respective shareholders and creditors, providing for the amalgamation of MMFL into the Company. The Company now wishes to inform you that on December 4, 2019, the Board approved the acquisition of an additional 13,350 equity shares of MMFL constituting 0.19% of the fully paid up equity share capital of MMFL. Pursuant thereto, the aggregate number of equity shares of MMFL that the Company proposes to acquire would be 54,92,616 equity shares constituting 76.34% of MMFL’s fully diluted paid-up equity share capital. The aforementioned acquisition is also subject to obtaining necessary regulatory and corporate approvals.

3.Scrip code : 532407
Name : MOSCHIP TECHNOLOGIES LIMITED
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
The Hon’ble NCLT, Amaravathi bench, vide its order dated 03rd December, 2019 has been approved the Scheme of Amalgamation of GigaCom Semiconductor Private Limited with MosChip Technologies Limited from the appointed date of Scheme. i.e. with effect from 01st April, 2018.

4.Scrip code : 501455
Name : Greaves Cotton Ltd.
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
This is in furtherance to our intimation dated November 5, 2019 and November 13, 2019 (copy attached), we hereby inform you that the Greaves Cotton Limited (“Company”) has acquired balance equity shares of Ampere Vehicles Private Limited (“Ampere Vehicles”),through secondary purchase. Pursuant to the completion of the acquistion of aforesaid shares, Ampere Vehicles became the wholly owned subsidiary of the Company w.e.f. December 5, 2019. This is for your information and record.

5.Scrip code : 500520
Name : Mahindra & Mahindra Ltd.
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Sub:Intimation of Acquisition – under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 This is in furtherance to our letter dated 31st August, 2019, wherein it was intimated that Mahindra & Mahindra Limited (“the Company”) signed a Share Subscription Agreement (“the Agreement”) for subscribing upto 55% of the Equity Share Capital of Meru Travel Solutions Private Limited (“Meru”) in tranches and that after investment of the first tranche in Meru, the Company will have the right to appoint majority of the Directors on the Board of Meru and as such will control the composition of the Board of Directors of Meru. We wish to inform you that the Company has today acquired 36.63% of the Equity Share Capital of Meru in the first tranche of investment, and also the Right to appoint majority of the Directors on the Board of Meru.

6.Scrip code : 957189
Name : South Indian Bank Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30,other applicable regulations of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 and further to our letter SEC/ST EX.STT/ 140 /2019-20 dated 3rd December,2019 kindly find the additional disclosures with regard to acquisition of shares of Kerala Infrastructure Fund Management Limited (KIFML). The aforesaid information is also being hosted on the website of the Bank www.southindianbank.com.

7.Scrip code : 500400
Name : Tata Power Co. Ltd
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Renascent Power acquires 75.01% stake in Prayagraj Power Generation Company Ltd.

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