Notifications, Scrip Scan

Daily Bulletin (17th December, 2019)

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

Daily Bulletin (17th December, 2019)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191217-24

1.Scrip code : 524091
Name : Acrysil Ltd.
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
We are hereby enclosing announcement for acquisition of balance stake of 1.25% equity shares of Homestyle Products Limited through our wholly owned subsidiary Acrysil UK Limited. The total equity stake of Acrysil Limited through Acrysil UK Limited in Homestyle Products Limited is now increased to 100%.

2.Scrip code : 958438
Name : Reliance Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Indiavidual Learning Private Limited (‘Embibe’), a subsidiary of Reliance Industries Limited (‘RIL’ or the ‘Company’) has acquired equity shares of eDreams Edusoft Private Limited (‘Funtoot’) for a cash consideration of INR 71,64,35,143/- (Indian Rupees seventy one crore sixty four lakh thirty five thousand one hundred and forty three only) representing 90.5% holding in the equity share capital of Funtoot. Embibe proposes to make a further acquisition of equity shares of up to INR 10 crore (Indian Rupees ten crore only), subject to Funtoot achieving agreed milestones. The further acquisition is expected to be completed by December 2021 and the shareholding of Embibe will thereafter increase to 100% of the equity share capital of Funtoot.

3.Scrip code : 506414
Name : FERMENTA BIOTECH LIMITED
Subject : Board to consider Bonus Issue
Fermenta Biotech Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on December 24, 2019, inter alia: 1. To consider, approve and adopt Trust Deed of ‘Fermenta Biotech Limited ESOP Trust’, ‘Fermenta Biotech Limited- Employee Stock Option Plan 2019’ and all other relevant documents thereto by modifying the same in view of the order for Scheme of Amalgamation dated September 19, 2019 issued by the National Company Law Tribunal, Mumbai; 2. To consider, approve and adopt amendment to Fermenta Biotech Limited- Employee Stock Option Plan 2019, subject to members’ approval; and 3. To consider and recommend the issue of bonus equity shares to the members of the Company. In accordance with the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, the Company’s Code of Conduct to Regulate, Monitor and Report Trading by Insiders, the “Trading Window” (period for trading in Company’s securities) has been closed with effect from December 17, 2019 and shall continue to remain closed till 48 hours after the publication of the outcome of the Board Meeting. During the closure of Trading Window, all Directors, Promoters, Insiders, Designated Persons including Auditors shall not, directly or indirectly trade or deal or enter into any transaction involving sale or purchase of the Company’s Equity Shares, either in their own name or in the name of their immediate relatives. Terms not defined in this notice shall have the same meaning as defined in the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and the Company’s Code of Conduct to Regulate, Monitor and Report Trading by Insiders.

4.Scrip code : 522074
Name : Elgi Equipments Ltd.
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on “ELGi Acquires Michigan Air Solutions and Expands its Presence in the North American Air Compressor Market” is enclosed

5.Scrip code : 505744
Name : Federal-Mogul Goetze (India) Ltd
Subject : Announcement Under Regulation 30 Of SEBI (LODR), 2015
With regard to the Open offer for acquisition of up to 13,916,676 fully paid-up equity shares of face value of Rs. 10/- each, representing approximately 25.02% of the fully diluted voting equity share capital of Federal-Mogul Goetze (India) Limited (‘FMGIL’ or the ‘Target Company’) from the public shareholders of the Target Company by Tenneco Inc. (‘Acquirer’).

Excerpts from Gaurav’s Blog

  Rest in Peace now Gerela Saab  ! Mr S T Gerela ex GM of BSE passed away peacefully this morning We had not met in years but he always remained at the top of my mind when it came to testimonials for this is what he had said to me over a decade ago,when […] [...]

Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Promoter Group of  Vedanta Ltd has proposed a voluntary de-listing at an indicative offer price of Rs 87.50~are the over 7.3 lakh minority shareholders from Alibag !? …apologies to the people of Alibag Some would term this as De-listing Duplicity ~ but I would […] [...]

This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareholders already holding RIL shares. It is not a recommendation to buy RIL cum rights  It’s a no brainer yet I’m just penning a brief note because some have told me they hold Reliance but are skipping the Rights ! Don’t […] [...]

 Wealth is negotiable, Health is not Your Personal Well Being is more important that the Stock Market Well Being ~ Always & more so in this unfathomable ongoing Covid-19 Reality Above’s a three minute reach out by me last night to all connected with me to reinforce this .It’s also posted on Facebook , […] [...]

Yes Bank ~ Has the RBI & MOF lost it !? SEBI really is a bystander here Controversial Lock In Clause 3 Sub Clause 8 (a) in the Scheme of Reconstruction  No wonder the Finance Minister Mrs Nirmala Sitharaman, while highlighting only selected points, even when asked for details of the Scheme,did not want to […] [...]