Notifications, Scrip Scan

Daily Bulletin (24th February, 2020)

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

Daily Bulletin (24th February, 2020)

1.Scrip code : 534816
Name : Bharti Infratel Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Further to our update on February 22, 2020, the Board of Directors of the Company met earlier today and took note of the FDI approval for merger of Indus Towers Limited with Bharti Infratel Limited received late evening on February 21, 2020. Since the other actions/conditions precedent to be fulfilled for the Scheme to become effective cannot be completed by the extended Long Stop Date i.e. February 24, 2020, the Board of Directors have further extended the Long Stop Date till April 24, 2020, subject to agreement on closing adjustments and other conditions precedent for closing, with each party retaining the right to terminate and withdraw the scheme. The final decision to implement the scheme will be taken by the Board keeping in mind the best interest of the Company and its stakeholders including the assessment of the current crisis facing the telecom industry and the extent of its impact on the Company’s major customers. Kindly take the same on record.

2.Scrip code : 512237
Name : Jai Corp Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
This is to inform that Hon”ble National Company Law Tribunal – Mumbai Bench (“NCLT”) has approved the Company Petition (CP) No. 3944 of 2019 in the matter of Scheme of Merger (by absorption) of Jai Realty Ventures Limited (‘JRVL’ or ‘the Transferor Company’), a wholly-owned subsidiary company, with Jai Corp Limited (‘JCL’ or ‘the Transferee Company’) and their respective Shareholders

3.Scrip code : 512329
Name : Kintech Renewables Limited
Subject : Board Meeting Intimation for Prior Intimation Of Board Meeting To Be Held On 02Nd March, 2020 And Closure Of Trading Window
Kintech Renewables Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/03/2020 ,inter alia, to consider and approve A meeting of Board of Directors of the Company is scheduled to be held on Monday, the 02nd day of March, 2020 at its Registered Office of the Company situated at Kintech House, 8, Shivalik Plaza, Opp. AMA, IIM Road, Ahmedabad – 380 015, Gujarat, inter-alia to consider, approve the following businesses: 1. To consider and declaration of Interim Dividend for the Financial year ending on 31st March, 2020. 2. To take note of the receipt of the Certified copy of order passed by the National Company Law Tribunal (NCLT), Ahmedabad Bench on 30th January, 2020 received on 15th February, 2020 approving the Scheme of arrangement in nature of Amalgamation under section 230 to 232 of the Companies Act, 2013 of the wholly owned subsidiary of the company viz.: Divine Windfarm Private Limited (Transferor Company) with Kintech Renewables Limited (Transferee-Holding Company), which was filed with BSE on 17th February, 2020.

4.Scrip code : 542851
Name : Gensol Engineering Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) , we wish to inform you that the Company has authorized Mr. Puneet Singh Jaggi to sign Share Purchase Agreement on February 21, 2020, with SOLARIG N-GAGE S.A. a private limited company incorporated under the laws of Spain having tax identification number A-42185298 and its registered off ice at Avenida del Parten6n 10, 1 28042 Madrid, Spain. Gensol Engineering Limited will acquire up to 100.00%, through self or through their affiliate/s, of the diluted paid-up equity share capital of Solarig Gensol Utilities Private Limited, in various tranche(s), by way of purchasing equity shares of Solarig Gensol Utilities Private Limited at consideration of Rs. 3, 34, 96, ooo. 00 (Rupees Three Crores Thirty-Four Lakhs Ninety-Six Only) subject to finalisation of terms with SOLARIG N-GAGE S.A.

5.Scrip code : 532796
Name : Lumax Auto Technologies Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Part A of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, we wish to inform you that the Board of Directors of the Company at their meeting held on February 24, 2020 have approved the acquisition of roto moulded plastic Auto Component Business of OK Play Group. OK Play Group comprises of OK Play India Limited and its wholly owned subsidiary viz. OK Play Auto Private Limited. The Group is engaged in manufacture and sale of roto moulded automotive plastic components, plastic molded toys, playground equipment, plastic children’s furniture and E-vehicles in India.

6.Scrip code : 532755
Name : Tech Mahindra Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Approval of proposal for acquisition of 100% stake in Zen3 Infosolutions (America) Inc.

7.Scrip code : 535602
Name : Sharda Motor Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Update on the Scheme of Arrangement (‘Scheme’) between Sharda Motor Industries Limited (‘the Company’) and NDR Auto Components Limited and their respective Shareholders and Creditors

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 […] [...]