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Daily Bulletin (12th September, 2019)

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Daily Bulletin (12th September, 2019)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20190912-41

1. Scrip code : 511724
Name : Baid Leasing And Finance Co.Ltd.
Subject : Announcement under Regulation 30 (LODR)-Allotment
Pursuant to the Approved Scheme of Amalgamation, the Board of Directors of the Company in their meeting held on today at the registered office of the Company situated at, ‘Baid House’, 1, Tara Nagar, Ajmer Road, Jaipur 302 006 inter alia approved the allotment of 19,06,830 (Nineteen Lacs Six Thousand Eight Hundred Thirty) fully paid-up Equity Shares of Re. 10/- (Rupee Ten Only) each at par, to the Shareholders of the Transferor Companies in the share exchange ratio.

2. Scrip code : 532633
Name : Allsec Technologies Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to submit that the Board of Directors of the Company at its meeting held on 10th September, 2019 has: 1. Considered and accepted the recommendations of the Audit Committee, for the purchase of HR Compliance Business of Coachieve Solutions Private Limited (‘CoAchieve’) as a going concern on a slump sale basis from CoAchieve for a lump sum cash consideration, without values being assigned to individual assets and liabilities as contemplated under the Income Tax Act, 1961, on such terms and conditions as contained in the Business Transfer Agreement (‘BTA’). 2. The Audit Committee and the Board of Directors have approved the execution of BTA between the Company and CoAchieve. Enclosed as Annexure-I is the information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

3. Scrip code : 524314
Name : Gujarat Terce Laboratories Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
In reference to the above caption subject, we are pleased to inform your esteemed exchange that the company has successfully incorporated Terce Wellness LLP, Associate Company as per section 2(6) of the companies Act, 2013. Terce Wellness LLP is formed with an audacity to be driven by the step change in the Pharmaceutical Industry. As we are in the Pharmaceuticals industry, Terce Wellness is being built with a passion to launch new range of Pharmaceuticals, Nutraceuticals, and Herbal product and shape the future of customer Experience. The details as required under SEBI (Listing Obligations & Disclosure Requirements), 2015 read with SEBI Circular No. CIR/CFD/CMD/04/2015 dated 09th September, 2015 is enclosed as Annexure I. Kindly take a note of the same and update your records.

4. Scrip code : 523405
Name : JM Financial Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has acquired 49,16,104 Compulsorily Convertible Debentures (‘CCDs’) (convertible into 4,91,61,040 equity shares as per the terms of the issue) of face value of Rs. 373/- each for cash aggregating Rs. 183.37 Crore of JM Financial Asset Reconstruction Company Limited (‘JMFARC’), a material subsidiary of the Company. The aforesaid CCDs have been allotted by JMFARC on September 11, 2019 to the Company consequent upon its subscription in the Rights Offer made by JMFARC.

5. Scrip code : 532898
Name : POWER GRID CORPORATION OF INDIA LIMITED
Subject : Announcement under Regulation 30 (LODR)-Acquisition Acquisition of Bhind Guna Transmission Limited by POWERGRID

6. Scrip code : 532832
Name : Indiabulls Real Estate Limited
Subject : Update On Proposed Divestment
In furtherance to intimation dt 14.8.2019, pls be informed that to embark on a clear & simple path to achieve ZERO net debt in the current FY through strategic divestment of its stake in certain commercial and leasing business asset(s), the Company and its certain subsidiaries have agreed and finalized with entities controlled by The Blackstone Group Inc (Blackstone), which is a globally renowned real estate private equity investor, to divest their entire direct/indirect stake in: (a) existing JV Cos with Blackstone, namely Indiabulls Properties P Ltd and Indiabulls Real Estate Co P Ltd (both owning commercial assets at Lower Parel Mumbai), Yashita Buildcon Ltd and Ashkit Properties Ltd (both owning commercial assets at Udyog Vihar Gurugram) and (b) the commercial assets/development at Worli Mumbai, it’s rights/stake in KG Marg New Delhi and Sector 104 & 106, Gurugram, at an aggregate equity value of approx INR 4420 Cr, subject to closing adjustments. For details, pls refer attachment.

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