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Daily Bulletin (16th December, 2019)

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

Daily Bulletin (16th December, 2019)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191216-31

1.Scrip code : 531533
Name : e.Com Infotech (India) Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
We wish to inform you that the company in its BOD meeting on December 14, 2019, has decided to acquire a 51% stake in the form of equity shares in a Mumbai based Pvt Ltd company. The proposed start-up as Freebird Aerospace India Pvt Ltd will focus on the Aerospace vertical and is planned to be registered under the Startup India scheme announced by the Government of India.

2.Scrip code : 522074
Name : Elgi Equipments Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Acquisition of 10% shareholding and control of Michigan Air Solutions LLC, and 2. Approval of ESOP 2019 for the employees of Elgi Equipments limited and its holding and subsidiary companies.

3.Scrip code : 500228
Name : JSW Steel Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Vardhman Industries Limited – Reciept Of written Order of the The Hon’ble NCLAT dated December 11, 2019

4.Scrip code : 500325
Name : Reliance Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Further to the earlier disclosures on the subject, Reliance Industrial Investments and Holdings Limited (‘RIIHL’), a wholly-owned subsidiary of Reliance Industries Limited (‘RIL’), has entered into binding agreements with Brookfield Infrastructure Partners L.P. (‘Brookfield Infrastructure’), and its institutional partners, for an investment of Rs. 25,215 crore in the units to be issued by the Tower Infrastructure Trust (‘Trust’) in accordance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014.

5.Scrip code : 539875
Name : RSD Finance Limited
Subject : Corporate Action-Updates on intimation of Sub division / Stock Split
The Board has approved the Sub-division of each equity share of face value of Rs. 10/- (Rupees Ten only) fully paid up into 2 (two) equity shares of face value of Rs. 5/- (Rupees Five only) each fully paid up as per Section 61(1) (d) of the Companies Act, 2013 read with rules issued thereunder, subject to approval of members of the Company.

6.Scrip code : 513534
Name : Vardhman Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Public Announcement-Delisting
We refer to our earlier intimation dated December 14, 2019 and in this regard, we hereby inform you that, pursuant to the provisions of Regulation 30and Regulation 42(2) of the LODR Regulations, Friday, December 27, 2019 has been fixed as the record date for identification of existing shareholders for delisting of the equity shares. We further inform you that upon implementation of the Resolution Plan, the Company shall be delisted in accordance with the provisions of the SEBI ( Delisting of the Equity Shares) Regulations, 2009.

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