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Daily Bulletin (1st July, 2022)

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Daily Bulletin (1st July, 2022)

Daily Bulletin (1st July, 2022)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220701-43

 

Scrip code : 532628

Name : 3i Infotech limited

Subject : Update On Completion Of The Sale Of The Global Software Products Business Of 3I Infotech Limited (‘Company’) (Including Its Worldwide Subsidiaries) On A Going Concern Basis

Pursuant to Regulation 30 of the SEBI LODR and further to our prior disclosures dated March 31, 2021 and November 13, 2021, we wish to inform that the Company has, on June 30, 2022, upon receipt of regulatory approvals, completed the sale of the software product business of its subsidiary in Thailand on a going concern basis to Azentio Software Private Limited (and its affiliates) (‘Buyer’), pursuant to inter alia the business transfer agreement dated December 28, 2020 executed between the Company and the Buyer. It is clarified that certain contractually agreed post-completion actions will be completed on or prior to mutually agreed timelines.

 

Scrip code : 543349

Name : Ami Organics Limited

Subject : Intimation Under Regulation 30- Incorporation Of Wholly Owned Subsidiary Of The Company We would like to inform you that the Company has incorporated a Wholly Owned Subsidiary namely, ‘AMI ORGANICS ELECTROLYTES PRIVATE LIMITED’ on June 30, 2022 under the provisions of Companies Act, 2013. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 are given in Annexure A as attached.

 

Scrip code : 533271

Name : Ashoka Buildcon Limited

Subject : Lowest Bidder For Project

Pursuant to the provisions of Regulation 30 of the SEBI LODR 2015, Ashoka Buildcon Limited (‘the Company’) informs that the Company had submitted its bid in Joint Venture (the Company is a Lead Member) with Cube Construction Engineering Limited to Department of Information Technology & Communication, Govt. of Rajasthan (‘Authority’) for the Project viz. ‘Request for Proposal for Selection of Agency for Construction and Maintenance of Rajiv Gandhi Fintech Digital Institute, Jodhpur’ (Project). The Joint Venture emerged as ‘the Lowest Bidder’ at the Financial Bid opening meeting held on July 1, 2022. The awarded Bid Project Cost for the Project is Rs.611 Crore. The share of the Company in JV is 65%. The Construction period is 18 months from commencement date. This is for your kind information.

 

Scrip code : 532929

Name : Brigade Enterprises Limited

Subject : Announcement under Regulation 30 (LODR)-Acquisition

Acquisition of equity shares by WTC Trades & Projects Private Limited, a wholly owned subsidiary of the Company from existing shareholders of Tandem Allied Services Private Limited.

 

Scrip code : 533160

Name : D B REALTY LIMITED

Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 – Composite Scheme of Amalgamation and Arrangement amongst Platinumcorp Affordable Builders Private Limited (“Transferor Company”) and Royal Netra Constructions Private Limited ( ””Transferee Company”), a subsidiary of the Company and their respective shareholders.

 

Scrip code : 531162

Name : Emami Ltd

Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition

This is to inform you that Consequent upon allotment of 4639 Equity Shares by Helios Lifestyle Private Limited (“Helios”) to Emami Ltd, the Company”s stake has been increased from 49.53 % to 50.40% on Issued & Paid-up Capital of the Helios. In view of above, Helios has become subsidiary of Emami Ltd w.e.f. July 1, 2022.

 

Scrip code : 540153

Name : Endurance Technologies Limited

Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition

This update is further to the Company”s letter dated 18th May, 2022 informing about execution of Share Subscription and Purchase Agreement with shareholders of Maxwell Energy Systems Private Limited (‘Maxwell’), for acquiring 100% of its equity share capital in a phased manner. The Company has acquired 51% of the equity share capital of Maxwell on 1st July, 2022, through a combination of primary issuance and secondary purchase. Consequent to above, Maxwell has become a subsidiary of the Company with effect from the said date. Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015, is furnished as an Annexure to the letter to stock exchanges.

 

Scrip code : 519126

Name : Hindustan Foods Ltd.,

Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition

With ref. to the captioned matter & in continuation to our earlier intimation dated 24.01.2022 & in compliance with Reg. 30 of SEBI (LODR) Regulations, 2015, please be informed that Hindustan Foods Limited (“HFL” or “the Company”) has completed today i.e. July 1, 2022, the acquisition of 100% Equity Share Capital of Reckitt Benckiser Scholl India Private Limited (“RBSIPL”) for a cash consideration of Rs.74,89,27,706/- as per the terms and conditions of the SPA dated Jan 24, 2022 including amendments thereof (if any) entered between the Company and Reckitt Benckiser (India) Private Limited (‘Sellers’). Post completion of aforesaid acquisition, ‘RBSIPL’ has become a wholly-owned Subsidiary of the Company w.e.f. July 1, 2022. This acquisition marks an entry of HFL into the new segment of manufacturing of OTC Healthcare and Wellness Products which is very fast growing and attractive as consumers are increasingly becoming more aware about preventive healthcare solutions for their wellbeing.

 

Scrip code : 533169

Name : MAN INFRACONSTRUCTION LIMITED

Subject : Announcement Under Regulation 30 (LODR) – Proposed Acquisition Of Rights In Royal Netra Constructions Private Limited Having Real Estate Project At Goregaon (W), Mumbai.

We would like to inform that Royal Netra Constructions Private Limited (‘RNCPL’) is engaged in the business of real estate development with specific concentration on redevelopment under the SRA Project at Goregaon (W), Mumbai (‘Project’). The Company would be acquiring stake in RNCPL by way of merger of Platinumcorp Affordable Builders Private Limited (‘PABPL’) (wherein the Company holds one third shareholding interest) with RNCPL. Post the merger becoming effective, the balance shareholding of existing shareholders of RNCPL will be transferred to the shareholders of PABPL and thus full economic interest will be proportionately vested with the shareholders of PABPL. Further, RNCPL will issue Unlisted Secured Redeemable Non-convertible Debentures (‘Debentures’) in favour of the Company in lieu of its existing outstanding loan, which will be secured by certain carpet area in the Project. Kindly take the above information on your records.

 

Scrip code : 590071

Name : SUNDARAM FINANCE LTD

Subject : Updates on Demerger

Sundaram Finance Ltd has informed BSE that, “today, the Board of Directors of our Company have granted an ‘in-principle’ approval] for the proposed de-merger of the fund accounting business of Sundaram Fund Services Limited, wholly owned subsidiary, into Sundaram Asset Management Company Limited, another wholly owned subsidiary of our Company, pursuant to a proposed Scheme of Arrangement to be formulated in accordance with the provisions of Sections 230 to 232 of the Companies Act, 2013.”

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